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REGISTERED NUMBER: 04709574 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

NETWORK CABLE & PIPE SUPPORTS LIMITED

NETWORK CABLE & PIPE SUPPORTS LIMITED (REGISTERED NUMBER: 04709574)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


NETWORK CABLE & PIPE SUPPORTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr M A Devison
Mrs L Devison





REGISTERED OFFICE: 41-44 King Street
Cradley Heath
West Midlands
B64 6JH





REGISTERED NUMBER: 04709574 (England and Wales)





ACCOUNTANTS: E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NETWORK CABLE & PIPE SUPPORTS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Network Cable & Pipe Supports Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Network Cable & Pipe Supports Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Network Cable & Pipe Supports Limited and state those matters that we have agreed to state to the Board of Directors of Network Cable & Pipe Supports Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Network Cable & Pipe Supports Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Network Cable & Pipe Supports Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Network Cable & Pipe Supports Limited. You consider that Network Cable & Pipe Supports Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Network Cable & Pipe Supports Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF


20 January 2025

NETWORK CABLE & PIPE SUPPORTS LIMITED (REGISTERED NUMBER: 04709574)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,457 20,621

CURRENT ASSETS
Stocks 216,991 355,932
Debtors 5 884,943 1,129,290
Cash at bank and in hand 1,275,275 1,034,312
2,377,209 2,519,534
CREDITORS
Amounts falling due within one year 6 793,838 939,946
NET CURRENT ASSETS 1,583,371 1,579,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,629,828

1,600,209

CREDITORS
Amounts falling due after more than one
year

7

(9,643

)

(19,908

)

PROVISIONS FOR LIABILITIES (11,614 ) (5,155 )
NET ASSETS 1,608,571 1,575,146

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,608,471 1,575,046
SHAREHOLDERS' FUNDS 1,608,571 1,575,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





Mr M A Devison - Director


NETWORK CABLE & PIPE SUPPORTS LIMITED (REGISTERED NUMBER: 04709574)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Network Cable & Pipe Supports Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when significant risks and rewards of ownership of the goods have passed to the buyer, usually on delivery of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

NETWORK CABLE & PIPE SUPPORTS LIMITED (REGISTERED NUMBER: 04709574)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023 62,115 23,294 25,945 111,354
Additions - 5,054 28,995 34,049
Disposals - - (5,200 ) (5,200 )
At 30 June 2024 62,115 28,348 49,740 140,203
DEPRECIATION
At 1 July 2023 50,663 20,745 19,325 90,733
Charge for year 2,849 1,301 3,728 7,878
Eliminated on disposal - - (4,865 ) (4,865 )
At 30 June 2024 53,512 22,046 18,188 93,746
NET BOOK VALUE
At 30 June 2024 8,603 6,302 31,552 46,457
At 30 June 2023 11,452 2,549 6,620 20,621

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 790,393 1,106,416
Other debtors 94,550 22,874
884,943 1,129,290

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,270 10,015
Trade creditors 593,278 607,867
Taxation and social security 87,340 206,660
Other creditors 102,950 115,404
793,838 939,946

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,643 19,908

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 71,339 49,850
Between one and five years 194,492 9,352
265,831 59,202

NETWORK CABLE & PIPE SUPPORTS LIMITED (REGISTERED NUMBER: 04709574)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £2,226 (2023: £2,226) from a company under common control of the directors. The amount outstanding is not held under normal commercial terms.

During the period the company sold goods to the value of £2,355 (2023: £1,748) and purchased goods to the value of £2,286 (2023: £3,677) from a company under common control of the directors.