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02709953
30 September 2024
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MANAGED NETWORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Managed Networks Limited (the 'Company') is a private company limited by shares, incorporated and registered in England and Wales. The Company's registered number is 02709953. Its registered office is Integration House, Turnhams Green Business Park, Pincents Lane, Reading, Berkshire, RG31 4UH.
The Company is dormant and has not traded during the current or prior year.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The financial statements have been prepared in Pound Sterling as this is the currency of the primary economic environment in which the Company operates and is rounded to the nearest pound.
The following principal accounting policies have been applied:
The directors are of the opinion that the Company will continue as a going concern and the financial statements for the year ended 30 September 2024 reflect this going concern basis. Whilst the Company is not expected to trade in the coming year, the directors do not intend to wind up the Company, it will remain dormant for the foreseeable future.
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Debtors: amounts falling due within one year
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Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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The average monthly number of employees, including the directors, during the year was 5 (2023: 4).
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