GNETWORK SERVICES LTD

Company Registration Number:
08561689 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

GNETWORK SERVICES LTD

Contents of the Financial Statements

for the Period Ended 30 June 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

GNETWORK SERVICES LTD

Company Information

for the Period Ended 30 June 2024




Director: Gbenga Oke
Kehinde Makinwa
Registered office: 71
Bismore Road
Banbury
England
OX16 1JN
Company Registration Number: 08561689 (England and Wales)

GNETWORK SERVICES LTD

Directors' Report Period Ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Directors

The directors shown below have held office during the whole of the period from 01 July 2023 to 30 June 2024
Gbenga Oke
Kehinde Makinwa

This report was approved by the board of directors on 13 March 2025
And Signed On Behalf Of The Board By:

Name: Gbenga Oke
Status: Director

Name: Kehinde Makinwa
Status: Director

GNETWORK SERVICES LTD

Profit and Loss Account

for the Period Ended 30 June 2024


Notes

2024
£

2023
£
Turnover 56,020 80,438
Cost of sales ( 10,980 ) ( 30,950 )
Gross Profit or (Loss) 45,040 49,488
Administrative Expenses ( 39,311 ) ( 46,861 )
Operating Profit or (Loss) 5,729 2,627
Profit or (Loss) Before Tax 5,729 2,627
Tax on Profit ( 1,164 ) ( 575 )
Profit or (Loss) for Period 4,565 2,052

The notes form part of these financial statements

GNETWORK SERVICES LTD

Balance sheet

As at 30 June 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 2,347 2,747
Total fixed assets: 2,347 2,747
Current assets
Debtors: 5 19,049
Cash at bank and in hand: 72 17,052
Total current assets: 19,121 17,052
Creditors: amounts falling due within one year: 6 ( 1,164 ) ( 575 )
Net current assets (liabilities): 17,957 16,477
Total assets less current liabilities: 20,304 19,224
Creditors: amounts falling due after more than one year: 7 ( 10,767 ) ( 14,252 )
Total net assets (liabilities): 9,537 4,972

The notes form part of these financial statements

GNETWORK SERVICES LTD

Balance sheet continued

As at 30 June 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 9,536 4,971
Shareholders funds: 9,537 4,972

For the year ending 30 June 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 13 March 2025
And Signed On Behalf Of The Board By:

Name: Gbenga Oke
Status: Director

Name: Kehinde Makinwa
Status: Director

The notes form part of these financial statements

GNETWORK SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GNETWORK SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

GNETWORK SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 3. Off balance sheet disclosure

    No

GNETWORK SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Tangible assets

Office equipment Total
Cost £ £
At 01 July 2023 4,747 4,747
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 30 June 2024 4,747 4,747
Depreciation
At 01 July 2023 2,000 2,000
Charge for year 400 400
On disposals - -
Other adjustments - -
At 30 June 2024 2,400 2,400
Net book value
At 30 June 2024 2,347 2,347
At 30 June 2023 2,747 2,747

GNETWORK SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Debtors


2024
£

2023
£
Other debtors 19,049
Total 19,049

GNETWORK SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Taxation and social security 1,164 575
Total 1,164 575

GNETWORK SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 10,767 14,252
Total 10,767 14,252