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Company Registration No. 08937038 (England and Wales)
NETWORK SQUAD LTD Unaudited accounts for the year ended 31 March 2024
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of NETWORK SQUAD LTD for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of NETWORK SQUAD LTD for the year ended 31 March 2024 as set out on pages 3 - 5 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 at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
CFO360 Advisors Ltd Chartered Accountants 483 Green Lanes London N13 4BS 14 January 2025
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NETWORK SQUAD LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,009 
314 
Current assets
Inventories
9,796 
25,770 
Debtors
117,743 
3,194 
Cash at bank and in hand
90,388 
23,933 
217,927 
52,897 
Creditors: amounts falling due within one year
(85,143)
(58,366)
Net current assets/(liabilities)
132,784 
(5,469)
Net assets/(liabilities)
133,793 
(5,155)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
133,693 
(5,255)
Shareholders' funds
133,793 
(5,155)
For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 January 2025 and were signed on its behalf by
Ahmed Ateeb Muhammad Director Company Registration No. 08937038
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NETWORK SQUAD LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
NETWORK SQUAD LTD is a private company, limited by shares, registered in England and Wales, registration number 08937038. The registered office is UNIT 71, MILL MEAD BUSINESS CENTRE MILL , MILL MEAD ROAD, LONDON, N17 9QU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
16,899 
4,000 
2,600 
23,499 
Additions
1,068 
- 
- 
1,068 
At 31 March 2024
17,967 
4,000 
2,600 
24,567 
Depreciation
At 1 April 2023
16,585 
4,000 
2,600 
23,185 
Charge for the year
373 
- 
- 
373 
At 31 March 2024
16,958 
4,000 
2,600 
23,558 
Net book value
At 31 March 2024
1,009 
- 
- 
1,009 
At 31 March 2023
314 
- 
- 
314 
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NETWORK SQUAD LTD Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,481 
- 
Trade debtors
116,262 
3,194 
117,743 
3,194 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
19,377 
- 
Trade creditors
- 
6,271 
Taxes and social security
10,909 
- 
Other creditors
54,857 
52,095 
85,143 
58,366 
7
Loans to directors
None
8
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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