Network Twentyone Support Systems Limited 03401551 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is promotion and marketing of business motivational material Digita Accounts Production Advanced 6.30.9574.0 true true true 03401551 2024-01-01 2024-12-31 03401551 2024-12-31 03401551 core:RetainedEarningsAccumulatedLosses 2024-12-31 03401551 core:ShareCapital 2024-12-31 03401551 core:CurrentFinancialInstruments 2024-12-31 03401551 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 03401551 core:FurnitureFittingsToolsEquipment 2024-12-31 03401551 core:OtherPropertyPlantEquipment 2024-12-31 03401551 bus:SmallEntities 2024-01-01 2024-12-31 03401551 bus:Audited 2024-01-01 2024-12-31 03401551 bus:FilletedAccounts 2024-01-01 2024-12-31 03401551 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03401551 bus:RegisteredOffice 2024-01-01 2024-12-31 03401551 bus:CompanySecretary1 2024-01-01 2024-12-31 03401551 bus:Director1 2024-01-01 2024-12-31 03401551 bus:Director2 2024-01-01 2024-12-31 03401551 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03401551 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 03401551 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 03401551 core:PlantMachinery 2024-01-01 2024-12-31 03401551 core:AllAssociates 2024-01-01 2024-12-31 03401551 core:AllAssociates core:RenderingOrReceivingServices 2024-01-01 2024-12-31 03401551 core:OtherRelatedParties 2024-01-01 2024-12-31 03401551 core:OtherRelatedParties core:RenderingOrReceivingServices 2024-01-01 2024-12-31 03401551 1 2024-01-01 2024-12-31 03401551 countries:EnglandWales 2024-01-01 2024-12-31 03401551 2023-12-31 03401551 core:FurnitureFittingsToolsEquipment 2023-12-31 03401551 core:OtherPropertyPlantEquipment 2023-12-31 03401551 2023-01-01 2023-12-31 03401551 2023-12-31 03401551 core:RetainedEarningsAccumulatedLosses 2023-12-31 03401551 core:ShareCapital 2023-12-31 03401551 core:CurrentFinancialInstruments 2023-12-31 03401551 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03401551 core:FurnitureFittingsToolsEquipment 2023-12-31 03401551 core:OtherPropertyPlantEquipment 2023-12-31 03401551 core:AllAssociates core:RenderingOrReceivingServices 2023-01-01 2023-12-31 03401551 core:OtherRelatedParties core:RenderingOrReceivingServices 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 03401551

Network Twentyone Support Systems Limited

Annual Report and Filleted Financial Statements

for the Year Ended 31 December 2024

 

Network Twentyone Support Systems Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

Network Twentyone Support Systems Limited

Company Information

Directors

Mr J P Neuber

Mr A T Livingston

Company secretary

Mrs G Vickers

Registered office

8 High Street
Heathfield
East Sussex
TN21 8LS

Auditors

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

 

Network Twentyone Support Systems Limited

(Registration number: 03401551)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

-

146

Current assets

 

Debtors

6

-

1,183

Cash at bank and in hand

 

19,958

13,677

 

19,958

14,860

Creditors: Amounts falling due within one year

7

(3,860)

(3,517)

Net current assets

 

16,098

11,343

Net assets

 

16,098

11,489

Capital and reserves

 

Called up share capital

2

2

Retained earnings

16,096

11,487

Shareholders' funds

 

16,098

11,489

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 April 2025 and signed on its behalf by:
 

.........................................
Mr J P Neuber
Director

 

Network Twentyone Support Systems Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8 High Street
Heathfield
East Sussex
TN21 8LS
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Going concern

The financial statements have been prepared on a going concern basis

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 30 April 2025 was A.E.J. Staples, who signed for and on behalf of Manningtons.

.........................................

Exemption from preparing group accounts

The financial statements contain information about Network Twentyone Support Systems Limited as an individual company and do not contain consolidated financial information as the parent of a group.
The company is exempt under section 401 of the Companies Act 2006 from the requirement to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, N21 Holdings Inc, a company incorporated in USA.

 

Network Twentyone Support Systems Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Equipment

25% Reducing balance

Fixtures & Equipment

33.33% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Network Twentyone Support Systems Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Financial instruments

Classification
The company does not hold any financial instruments.
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Auditors' remuneration

2024
£

2023
£

Audit of the financial statements

1,350

1,350

Other accountancy services

Accountancy fees

950

1,200


 

 

Network Twentyone Support Systems Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 January 2024

1,471

1,785

3,256

At 31 December 2024

1,471

1,785

3,256

Depreciation

At 1 January 2024

1,325

1,785

3,110

Charge for the year

146

-

146

At 31 December 2024

1,471

1,785

3,256

Carrying amount

At 31 December 2024

-

-

-

At 31 December 2023

146

-

146

6

Debtors

2024
£

2023
£

Other debtors

-

1,183

-

1,183

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

1,510

1,117

Accruals and deferred income

2,350

2,400

3,860

3,517

 

Network Twentyone Support Systems Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

8

Related party transactions

Summary of transactions with associates

There was £86,524 of income from associates and no purchases.
 

Summary of transactions with other related parties

Ambassasor Marketing UK Ltd a company in which J P Neuber is a director.
 During the period sales of £32,000 were made to Ambassador Marketing UK Ltd.
 

Income and receivables from related parties

2024

Associates
£

Other related parties
£

Receipt of services

86,524

32,000

2023

Associates
£

Other related parties
£

Receipt of services

90,024

24,000

9

Parent and ultimate parent undertaking

The company's immediate parent is N21 Holdings Inc, incorporated in USA.

  These financial statements are available upon request from N21 Holdings Inc, 208 Belleair Shores, Florida 33786 USA