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REGISTERED NUMBER: 02716629 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

NU NETWORK PRODUCTS LIMITED

NU NETWORK PRODUCTS LIMITED (REGISTERED NUMBER: 02716629)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NU NETWORK PRODUCTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: P J Reynolds





SECRETARY: C J Reynolds





REGISTERED OFFICE: 5 The Colonnades
Pulborough
West Sussex
RH20 1AS





REGISTERED NUMBER: 02716629 (England and Wales)





ACCOUNTANTS: Galloways Accounting Limited
15 West Street
Brighton
East Sussex
BN1 2RL

NU NETWORK PRODUCTS LIMITED (REGISTERED NUMBER: 02716629)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,506 532

CURRENT ASSETS
Debtors 5 298,779 294,726
Cash at bank 1,434,138 2,863,063
1,732,917 3,157,789
CREDITORS
Amounts falling due within one year 6 (524,574 ) (485,351 )
NET CURRENT ASSETS 1,208,343 2,672,438
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,209,849

2,672,970

PROVISIONS FOR LIABILITIES (298 ) (384 )
NET ASSETS 1,209,551 2,672,586

CAPITAL AND RESERVES
Called up share capital 72 72
Share premium 9,970 9,970
Capital redemption reserve 28 28
Retained earnings 1,199,481 2,662,516
SHAREHOLDERS' FUNDS 1,209,551 2,672,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 April 2025 and were signed by:





P J Reynolds - Director


NU NETWORK PRODUCTS LIMITED (REGISTERED NUMBER: 02716629)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

NU Network Products Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.

Office equipment- 20% straight line
Computer equipment- 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

NU NETWORK PRODUCTS LIMITED (REGISTERED NUMBER: 02716629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 August 2023 - 860 860
Additions 1,249 - 1,249
At 31 July 2024 1,249 860 2,109
DEPRECIATION
At 1 August 2023 - 328 328
Charge for year 142 133 275
At 31 July 2024 142 461 603
NET BOOK VALUE
At 31 July 2024 1,107 399 1,506
At 31 July 2023 - 532 532

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 249,110 273,207
Other debtors 49,669 21,519
298,779 294,726

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 209,718 175,929
Amounts owed to group undertakings 193,145 196,800
Taxation and social security 119,379 108,277
Other creditors 2,332 4,345
524,574 485,351

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date the director owed the company £9,986 (2023 £8,667). The loan is repayable on demand.

8. RELATED PARTY DISCLOSURES

Included within other creditors is an amount of £193,145 (2023: £196,800) as monies owed to NU Network Products Limited from NU Limited.NU Limited and NU Network Products Limited have a parent-subsidiary relationship, where NU Limited holds 100% of the share capital of NU Network Products Limited.