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
Network Scientific Ltd
Company Information
for the year ended 31 December 2024
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
Network Scientific Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
3,210
4,606
Cash at bank and in hand
455,203
319,354
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
Net assets
385,067
297,167
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
Network Scientific Ltd
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
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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
At 31 December 2024
2,336
25,182
27,518
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
At 31 December 2024
531
2,679
3,210
At 31 December 2023
-
4,606
4,606
Network Scientific Ltd
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
192,183
230,284
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
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
During the year, total dividends of £136,500 were paid to Network Scientific Holdings Ltd.
Network Scientific Ltd is controlled by parent company:
Network Scientific Holdings Ltd
Registered office:
Suite E, Canal Wharf, Eshton Road, Gargrave, Skipton BBD23 3SE.
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Average number of employees
During the year the average number of employees was 18 (2023: 18).