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Registration number: 06233235

5B Network Consultancy Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024

 

5B Network Consultancy Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

5B Network Consultancy Limited

(Registration number: 06233235)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,072

3,193

Other financial assets

5

153,075

137,330

 

156,147

140,523

Current assets

 

Debtors

6

35,276

46,210

Cash at bank and in hand

 

101,602

101,551

 

136,878

147,761

Creditors: Amounts falling due within one year

7

(62,901)

(68,418)

Net current assets

 

73,977

79,343

Total assets less current liabilities

 

230,124

219,866

Provisions for liabilities

(584)

(607)

Net assets

 

229,540

219,259

Capital and reserves

 

Called up share capital

101

101

Retained earnings

229,439

219,158

Shareholders' funds

 

229,540

219,259

 

5B Network Consultancy Limited

(Registration number: 06233235)
Balance Sheet as at 30 June 2024

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 March 2025 and signed on its behalf by:
 

.........................................
Mr S Biddulph
Director

 

5B Network Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

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

The address of its registered office is:
81 Abbey Road
Sandbach
Cheshire
CW11 3HA

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.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and
provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value
added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 

5B Network Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

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

20% on reducing balance

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

5B Network Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2023

9,913

9,913

Additions

648

648

At 30 June 2024

10,561

10,561

Depreciation

At 1 July 2023

6,720

6,720

Charge for the year

769

769

At 30 June 2024

7,489

7,489

Carrying amount

At 30 June 2024

3,072

3,072

At 30 June 2023

3,193

3,193

5

Other financial assets

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 July 2023

137,330

137,330

Additions

44,826

44,826

Fair value adjustments

17,761

17,761

Disposals

(46,842)

(46,842)

At 30 June 2024

153,075

153,075

Impairment

At 30 June 2024

-

-

Carrying amount

At 30 June 2024

153,075

153,075

 

5B Network Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

33,555

29,969

Prepayments

1,721

16,241

 

35,276

46,210

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

4,831

20,404

Taxation and social security

20,085

21,606

Accruals and deferred income

5,362

697

Other creditors

32,623

25,711

62,901

68,418