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Registration number: 06439218

Interface Networks Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2024

 

Interface Networks Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Interface Networks Limited

Company Information

Directors

Mr Michael J Cameron

Mrs J Cameron

Registered office

Treveren Barn
Llangarron
Ross-on-Wye
Herefordshire
HR9 6NH

Bankers

Cater Allen Bank
9 Nelson Street
Bradford
BD1 5AN

Accountants

Young & Co
St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA

 

Interface Networks Limited

(Registration number: 06439218)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

28,311

10,075

Current assets

 

Debtors

5

833

632

Cash at bank and in hand

 

64,592

72,737

 

65,425

73,369

Creditors: Amounts falling due within one year

6

(2,232)

(2,717)

Net current assets

 

63,193

70,652

Total assets less current liabilities

 

91,504

80,727

Provisions for liabilities

(3,455)

-

Net assets

 

88,049

80,727

Capital and reserves

 

Called up share capital

100

100

Retained earnings

87,949

80,627

Shareholders' funds

 

88,049

80,727

For the financial year ending 30 November 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Interface Networks Limited

(Registration number: 06439218)
Balance Sheet as at 30 November 2024
(continued)

These financial statements have been 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 25 February 2025 and signed on its behalf by:
 

.........................................
Mr Michael J Cameron
Director

 

Interface Networks Limited

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

1

General information

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

The address of its registered office is:
Treveren Barn
Llangarron
Ross-on-Wye
Herefordshire
HR9 6NH

These financial statements were authorised for issue by the Board on 25 February 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

The company has not traded in the period of these accounts, however the Director considers the preparation of the accounts to be on a going concern basis as he is actively seeking new contracts. The Director is providing financial support in the interim period

 

Interface Networks Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
(continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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

Motor vehicles

25% written down value per annum

Fixtures and fittings

25% written down value per annum

Computer equipment

33% cost per annum

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

Software

33% cost per annum

 

Interface Networks Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
(continued)

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

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

 

Interface Networks Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
(continued)

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2023

20,211

27,286

47,497

Additions

-

31,463

31,463

Disposals

-

(27,286)

(27,286)

At 30 November 2024

20,211

31,463

51,674

Depreciation

At 1 December 2023

15,531

21,891

37,422

Charge for the year

2,587

5,245

7,832

Eliminated on disposal

-

(21,891)

(21,891)

At 30 November 2024

18,118

5,245

23,363

Carrying amount

At 30 November 2024

2,093

26,218

28,311

At 30 November 2023

4,680

5,395

10,075

5

Debtors

Current

2024
£

2023
£

Prepayments

732

276

Other debtors

101

356

 

833

632

 

Interface Networks Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
(continued)

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

27

Accruals and deferred income

1,677

1,597

Other creditors

555

1,093

2,232

2,717