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Company Registration No. 07478514 (England and Wales)
Network Scientific Ltd Unaudited accounts for the year ended 31 December 2024
Network Scientific Ltd Unaudited accounts Contents
Page
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Network Scientific Ltd Company Information for the year ended 31 December 2024
Director
Z Jackson
Company Number
07478514 (England and Wales)
Registered Office
c/o Pearson & Associates Suite E, Canal Wharf Eshton Road Gargrave, Skipton BD23 3SE
Accountants
Pearson & Associates Suite E, Canal Wharf Eshton Road Gargrave, Skipton North Yorkshire BD23 3SE
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Network Scientific Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,210 
4,606 
Current assets
Debtors
200,277 
238,378 
Cash at bank and in hand
455,203 
319,354 
655,480 
557,732 
Creditors: amounts falling due within one year
(267,470)
(248,157)
Net current assets
388,010 
309,575 
Total assets less current liabilities
391,220 
314,181 
Creditors: amounts falling due after more than one year
(5,350)
(15,440)
Provisions for liabilities
Deferred tax
(803)
(1,574)
Net assets
385,067 
297,167 
Capital and reserves
Called up share capital
101 
101 
Profit and loss account
384,966 
297,066 
Shareholders' funds
385,067 
297,167 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 May 2025 and were signed on its behalf by
Z Jackson Director Company Registration No. 07478514
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Network Scientific Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Network Scientific Ltd is a private company, limited by shares, registered in England and Wales, registration number 07478514. The registered office is c/o Pearson & Associates, Suite E, Canal Wharf, Eshton Road, Gargrave, Skipton, BD23 3SE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
1,628 
23,253 
24,881 
Additions
708 
1,929 
2,637 
At 31 December 2024
2,336 
25,182 
27,518 
Depreciation
At 1 January 2024
1,628 
18,647 
20,275 
Charge for the year
177 
3,856 
4,033 
At 31 December 2024
1,805 
22,503 
24,308 
Net book value
At 31 December 2024
531 
2,679 
3,210 
At 31 December 2023
- 
4,606 
4,606 
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Network Scientific Ltd Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
192,183 
230,284 
Other debtors
8,094 
8,094 
200,277 
238,378 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,600 
9,600 
Trade creditors
36,229 
28,901 
Taxes and social security
170,181 
167,601 
Other creditors
1,936 
3,245 
Loans from directors
49,524 
38,810 
267,470 
248,157 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,350 
15,440 
8
Transactions with related parties
During the year, total dividends of £136,500 were paid to Network Scientific Holdings Ltd.
9
Controlling party
Network Scientific Ltd is controlled by parent company: Network Scientific Holdings Ltd Registered office: Suite E, Canal Wharf, Eshton Road, Gargrave, Skipton BBD23 3SE.
10
Average number of employees
During the year the average number of employees was 18 (2023: 18).
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