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
NETWORK SQUAD LTD
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
90,388
23,933
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)
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
NETWORK SQUAD LTD
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 March 2024
17,967
4,000
2,600
24,567
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
At 31 March 2024
1,009
-
-
1,009
At 31 March 2023
314
-
-
314
NETWORK SQUAD LTD
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
116,262
3,194
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
10,909
-
Other creditors
54,857
52,095
8
Average number of employees
During the year the average number of employees was 6 (2023: 6).