Company registration number 10801839 (England and Wales)
THE FAMILY BUSINESS NETWORK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
THE FAMILY BUSINESS NETWORK LIMITED
BALANCE SHEET
- 1 -
2024
2023
£
£
£
£
Fixed assets
7,690
10,806
Current assets
106,516
84,426
Prepayments and accrued income
2,999
1,276
Creditors: amounts falling due within one year
(95,100)
(56,579)
Net current assets
14,415
29,123
Total assets less current liabilities
22,105
39,929
Creditors: amounts falling due after more than one year
(3,085)
(27,025)
Accruals and deferred income
(16,621)
(11,356)
Net assets
2,399
1,548
Capital and reserves
2,399
1,548
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees
At the year end, the directors owed the company £68,404 (2023 - £46,659), which is included in other debtors. During the year there were advances of £84,722 (2023: £79,479), repayments of £64,257 (2023: £78,765). Interest of £1,280 was charged (2023: £1,120).
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
2
2
The Family Business Network Limited is a private company limited by shares incorporated in England and Wales. The registered office is Family Business Network, Windermere Road, Staveley, Kendal, LA8 9PL.
For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
THE FAMILY BUSINESS NETWORK LIMITED
BALANCE SHEET (CONTINUED)
- 2 -
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 26 March 2025 and are signed on its behalf by:
Mr D S Clarkson
Ms S Howorth
Director
Director
Company registration number 10801839 (England and Wales)