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REGISTERED NUMBER: 12499147 (England and Wales)















Unaudited Financial Statements

for the Period 1 September 2023 to 30 August 2024

for

Network Science Ltd

Network Science Ltd (Registered number: 12499147)






Contents of the Financial Statements
for the Period 1 September 2023 to 30 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Network Science Ltd

Company Information
for the Period 1 September 2023 to 30 August 2024







DIRECTORS: S S Hardikar
E M Williams





REGISTERED OFFICE: Wework
30 Churchill Place
London
E14 5RE





REGISTERED NUMBER: 12499147 (England and Wales)





ACCOUNTANTS: Shaw & Co
Chartered Certified Accountants
3 Colegate
Norwich
Norfolk
NR3 1BN

Network Science Ltd (Registered number: 12499147)

Balance Sheet
30 August 2024

30.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 290,789 255,910
Tangible assets 5 2,331 70
293,120 255,980

CURRENT ASSETS
Stocks 403,709 397,273
Debtors 6 255,264 32,067
Cash at bank 10,017 56,430
668,990 485,770
CREDITORS
Amounts falling due within one year 7 115,083 21,091
NET CURRENT ASSETS 553,907 464,679
TOTAL ASSETS LESS CURRENT
LIABILITIES

847,027

720,659

CREDITORS
Amounts falling due after more than
one year

8

(433,077

)

(317,511

)

PROVISIONS FOR LIABILITIES (583 ) -
NET ASSETS 413,367 403,148

Network Science Ltd (Registered number: 12499147)

Balance Sheet - continued
30 August 2024

30.8.24 31.8.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,748 1,578
Share premium 215,020 215,020
Retained earnings 196,599 186,550
413,367 403,148

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





S S Hardikar - Director


Network Science Ltd (Registered number: 12499147)

Notes to the Financial Statements
for the Period 1 September 2023 to 30 August 2024

1. STATUTORY INFORMATION

Network Science Ltd 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Development costs are being amortised evenly over their 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.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment - 20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


Network Science Ltd (Registered number: 12499147)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 30 August 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 3 ) .

Network Science Ltd (Registered number: 12499147)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 30 August 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023 339,416
Additions 76,467
At 30 August 2024 415,883
AMORTISATION
At 1 September 2023 83,506
Charge for period 41,588
At 30 August 2024 125,094
NET BOOK VALUE
At 30 August 2024 290,789
At 31 August 2023 255,910

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 150
Additions 2,594
At 30 August 2024 2,744
DEPRECIATION
At 1 September 2023 80
Charge for period 333
At 30 August 2024 413
NET BOOK VALUE
At 30 August 2024 2,331
At 31 August 2023 70

Network Science Ltd (Registered number: 12499147)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 30 August 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.8.24 31.8.23
£    £   
Trade debtors 32,694 7,043
Other debtors 222,570 25,024
255,264 32,067

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.8.24 31.8.23
£    £   
Bank loans and overdrafts 93,812 -
Trade creditors (12,945 ) 11,015
Taxation and social security 19,420 (13,351 )
Other creditors 14,796 23,427
115,083 21,091

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.8.24 31.8.23
£    £   
Other creditors 433,077 317,511