1 1 Network Partnership Limited 07186480 false 2023-03-28 2024-03-26 2024-03-26 The principal activity of the company is consultants in employment relations Digita Accounts Production Advanced 6.30.9574.0 true true 07186480 2023-03-28 2024-03-26 07186480 2024-03-26 07186480 core:RetainedEarningsAccumulatedLosses 2024-03-26 07186480 core:ShareCapital 2024-03-26 07186480 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-26 07186480 core:Goodwill 2024-03-26 07186480 core:FurnitureFittingsToolsEquipment 2024-03-26 07186480 bus:SmallEntities 2023-03-28 2024-03-26 07186480 bus:AuditExemptWithAccountantsReport 2023-03-28 2024-03-26 07186480 bus:FilletedAccounts 2023-03-28 2024-03-26 07186480 bus:SmallCompaniesRegimeForAccounts 2023-03-28 2024-03-26 07186480 bus:RegisteredOffice 2023-03-28 2024-03-26 07186480 bus:Director4 2023-03-28 2024-03-26 07186480 bus:PrivateLimitedCompanyLtd 2023-03-28 2024-03-26 07186480 core:Goodwill 2023-03-28 2024-03-26 07186480 core:FurnitureFittings 2023-03-28 2024-03-26 07186480 countries:EnglandWales 2023-03-28 2024-03-26 07186480 2023-03-27 07186480 core:Goodwill 2023-03-27 07186480 core:FurnitureFittingsToolsEquipment 2023-03-27 07186480 2022-03-29 2023-03-27 07186480 2023-03-27 07186480 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-27 xbrli:pure iso4217:GBP

Registration number: 07186480

Network Partnership Limited

Unaudited Filleted Financial Statements

for the Period from 28 March 2023 to 26 March 2024

 

Network Partnership Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 4

 

Network Partnership Limited

(Registration number: 07186480)
Balance Sheet as at 26 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

-

-

Current assets

 

Cash at bank and in hand

 

1,188

1,449

Creditors: Amounts falling due within one year

6

(43,914)

(44,810)

Net current liabilities

 

(42,726)

(43,361)

Total assets less current liabilities

 

(42,726)

(43,361)

Provisions for liabilities

(1)

(1)

Net liabilities

 

(42,727)

(43,362)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(42,827)

(43,462)

Total equity

 

(42,727)

(43,362)

For the financial period ending 26 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 March 2025
 

.........................................
Mr L M Radcliffe
Director

 

Network Partnership Limited

Notes to the Financial Statements for the Period from 28 March 2023 to 26 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
25 Oakleigh Drive
Codsall
Wolverhampton
West Midlands
WV8 1JP

These financial statements were authorised for issue by the director on 17 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the balance sheet date the company had net liabilities of £42,727 (2023 - £43,362). The company relies upon the continued support of its director to whom at 26 March 2024 the company owed £6,575 (2023 - £6,731) . The director has no intention of withdrawing his support. Accordingly the director believe that the company will continue to operate for the foreseeable future. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the director's support.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

Fully written off

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Fully amortised

 

Network Partnership Limited

Notes to the Financial Statements for the Period from 28 March 2023 to 26 March 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 28 March 2023

115,000

115,000

At 26 March 2024

115,000

115,000

Amortisation

At 28 March 2023

115,000

115,000

At 26 March 2024

115,000

115,000

Carrying amount

At 26 March 2024

-

-

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 28 March 2023

961

961

At 26 March 2024

961

961

Depreciation

At 28 March 2023

961

961

At 26 March 2024

961

961

Carrying amount

At 26 March 2024

-

-

 

Network Partnership Limited

Notes to the Financial Statements for the Period from 28 March 2023 to 26 March 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

780

Accruals and deferred income

820

780

Other creditors

43,094

43,250

43,914

44,810