Network Power Connections Limited |
Registered Number:11953767 |
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 April 2024
Network Power Connections Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Network Power Connections Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
241,412
183,963
2
241,412
183,963
58,685
80,265
3
Trade and other receivables |
1,826,198
1,256,079
4
585,628
Cash and cash equivalents |
1,002,090
2,338,434
2,470,511
Trade and other payables: amounts falling due within one |
year |
(2,578,458)
(2,479,626)
5
(107,947)
(141,192)
Net current liabilities
Total assets less current liabilities |
100,220
76,016
Trade and other payables: amounts falling due after more |
than one year |
(34,091)
(59,617)
6
(30,591)
(10,646)
Provisions for liabilities |
10,012
Net assets
31,279
153
153
9,859
31,126
10,012
31,279
Shareholders' funds
For the year ended 30 April 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of |
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section |
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial |
statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 17 October 2024 and were signed by: |
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For the year ended 30 April 2024
Network Power Connections Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 30 April 2024
Network Power Connections Limited
Notes to the Financial Statements
Statutory Information
Network Power Connections Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 11953767. |
7A Lowesmoor Wharf
Worcester
England
WR1 2RS
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Motor Vehicles
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 30 April 2024
Network Power Connections Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
246,301
9,175
9,366
210,474
17,286
155,616
6,340
357
134,110
14,809
-
-
(36,000)
-
(36,000)
308,584
9,723
15,515
365,917
32,095
Provision for depreciation and impairment |
62,338
3,550
3,961
49,760
5,067
Charge for year
75,667
4,193
2,750
62,728
5,996
(13,500)
-
-
(13,500)
-
124,505
7,743
6,711
98,988
11,063
21,032
209,596
3,012
7,772
241,412
12,219
160,714
5,405
5,625
183,963
2023
2024
80,265
58,685
4. Trade and other receivables |
2023
2024
1,177,400
1,818,936
78,679
7,262
1,826,198
1,256,079
5. Trade and other payables: amounts falling due within one year |
2023
2024
497,189
342,970
Taxation and social security |
228,638
331,682
1,753,799
1,903,806
2,479,626
2,578,458
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For the year ended 30 April 2024
Network Power Connections Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
59,617
34,091
7. Average number of persons employed |
During the year the average number of employees was 22 (2023 : 16)
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