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REGISTERED NUMBER: 03958257 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

TECHNOLOGY NETWORKS LIMITED

TECHNOLOGY NETWORKS LIMITED (REGISTERED NUMBER: 03958257)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TECHNOLOGY NETWORKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: R A Kafato





REGISTERED OFFICE: Unit 6 Woodview
Bull Lane Industrial Estate
Bull Lane, Acton
Sudbury
Suffolk
CO10 0FD





REGISTERED NUMBER: 03958257 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

TECHNOLOGY NETWORKS LIMITED (REGISTERED NUMBER: 03958257)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.23 30.9.24
£    £    Notes £   
FIXED ASSETS
1,033,410 Intangible assets 4 698,250
74,713 Tangible assets 5 46,185
1,108,123 744,435

CURRENT ASSETS
1,995,918 Debtors 6 1,545,310
391,354 Cash at bank and in hand 458,743
2,387,272 2,004,053
CREDITORS
1,719,788 Amounts falling due within one year 7 1,413,528
667,484 NET CURRENT ASSETS 590,525
1,775,607 TOTAL ASSETS LESS CURRENT
LIABILITIES

1,334,960

8,913 PROVISIONS FOR LIABILITIES 5,847
1,766,694 NET ASSETS 1,329,113

CAPITAL AND RESERVES
25,100 Called up share capital 25,100
1,033,411 Revaluation reserve 698,251
708,183 Retained earnings 605,762
1,766,694 SHAREHOLDERS' FUNDS 1,329,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

TECHNOLOGY NETWORKS LIMITED (REGISTERED NUMBER: 03958257)

BALANCE SHEET - continued
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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2025 and were signed by:





R A Kafato - Director


TECHNOLOGY NETWORKS LIMITED (REGISTERED NUMBER: 03958257)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Technology Networks 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 represents the value of services provided during the year, by reference to invoiced sales and the movement between opening and closing deferred income.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

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.

Database are being amortised evenly over their estimated useful life of ten years.

Website development costs is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with the property
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.


TECHNOLOGY NETWORKS LIMITED (REGISTERED NUMBER: 03958257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 57 (2023 - 55 ) .

4. INTANGIBLE FIXED ASSETS
Website
development
Totals Goodwill Database costs
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 3,351,601 1,521,601 1,330,000 500,000
AMORTISATION
At 1 October 2023 2,318,191 1,052,441 919,917 345,833
Amortisation for year 335,160 152,160 133,000 50,000
At 30 September 2024 2,653,351 1,204,601 1,052,917 395,833
NET BOOK VALUE
At 30 September 2024 698,250 317,000 277,083 104,167
At 30 September 2023 1,033,410 469,160 410,083 154,167

TECHNOLOGY NETWORKS LIMITED (REGISTERED NUMBER: 03958257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
Totals property fittings equipment
£    £    £    £   
COST
At 1 October 2023 284,560 43,860 59,254 181,446
Additions 3,121 - 1,761 1,360
At 30 September 2024 287,681 43,860 61,015 182,806
DEPRECIATION
At 1 October 2023 209,847 9,662 48,174 152,011
Charge for year 31,649 11,399 6,599 13,651
At 30 September 2024 241,496 21,061 54,773 165,662
NET BOOK VALUE
At 30 September 2024 46,185 22,799 6,242 17,144
At 30 September 2023 74,713 34,198 11,080 29,435

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 678,226 866,797
Amounts owed by group undertakings 714,131 707,339
Amounts owed by associates - 259,763
Other debtors 152,953 162,019
1,545,310 1,995,918

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 13,675 20,032
Amounts owed to associates 96,536 -
Taxation and social security 56,493 473,126
Other creditors 1,246,824 1,226,630
1,413,528 1,719,788