Company registration number: 07787339
Unaudited financial statements
for the year ended 30 September 2024
for
Network Surfacing Ltd
Pages for filing with the Registrar
Company registration number: 07787339
Network Surfacing Ltd
Balance sheet
as at 30 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 59,763 79,684
59,763 79,684
Current assets
Debtors 1,133,797 872,747
Cash at bank and in hand 93,524 89,658
1,227,321 962,405
Creditors: amounts falling due within one
year
(1,051,320) (1,053,828)
Net current assets/(liabilities) 176,001 (91,423)
Total assets less current liabilities 235,764 (11,739)
Creditors: Amounts falling due after more
than one year
(28,918) (36,445)
NET ASSETS/(LIABILITIES) 206,846 (48,184)
Capital and reserves
Called up share capital 3 2
Profit and loss account 206,843 (48,186)
TOTAL EQUITY 206,846 (48,184)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 September 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 07787339
Network Surfacing Ltd
Balance sheet - continued
as at 30 September 2024
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 2 May 2025 and signed on its behalf by:
Mr K Offlands, Director Mr K Wignall, Director
2 May 2025 2 May 2025
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Network Surfacing Ltd
Notes to the financial statements
for the year ended 30 September 2024
1 Company information
Network Surfacing Ltd is a private company registered in England and Wales. Its registered number is 07787339. The company is limited by shares. Its registered office is ********.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Improvements to property - 25% reducing balance
Plant and machinery - 25% reducing balance
Computer equipment - 25% reducing balance
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Network Surfacing Ltd
Notes to the financial statements - continued
for the year ended 30 September 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was 7 (2023 - 6).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 October 2023 444,059
At 30 September 2024 444,059
Depreciation
At 1 October 2023 364,375
Charge for year 19,921
At 30 September 2024 384,296
Net book value
At 30 September 2024 59,763
At 30 September 2023 79,684
If assets had not been revalued, they would have been included at the following historical cost:
2024 2023
£ £
Cost 544,059 544,059
Accumulated depreciation 464,375 464,375
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