BrightAccountsProduction v1.0.0 v1.0.0 2023-10-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of consultancy services. 6 May 2025 4 4 08492567 2024-09-30 08492567 2023-09-30 08492567 2022-09-30 08492567 2023-10-01 2024-09-30 08492567 2022-10-01 2023-09-30 08492567 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08492567 uk-curr:PoundSterling 2023-10-01 2024-09-30 08492567 uk-bus:AbridgedAccounts 2023-10-01 2024-09-30 08492567 uk-core:ShareCapital 2024-09-30 08492567 uk-core:ShareCapital 2023-09-30 08492567 uk-core:SharePremium 2024-09-30 08492567 uk-core:SharePremium 2023-09-30 08492567 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 08492567 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 08492567 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-09-30 08492567 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-09-30 08492567 uk-core:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 08492567 uk-bus:FRS102 2023-10-01 2024-09-30 08492567 2023-10-01 2024-09-30 08492567 uk-bus:Director1 2023-10-01 2024-09-30 08492567 uk-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
TXF Network Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 September 2024



TXF Network Limited
DIRECTOR'S REPORT
for the financial year ended 30 September 2024

 
The director presents his report and the unaudited financial statements for the financial year ended 30 September 2024.
 
Principal Activity
The principal activity of the company is that of consultancy services.
     
Principal Risks and Uncertainties
The company operates solely in the United Kingdom and is therefore not subject to currency risks. Currently the company does not have any borrowings and as such the company is not exposed to the impact of interest rate volatility and fluctuations. In terms of liquidity and cash flow risk, the company's policy is to ensure that sufficient resources are available either from cash balances and cash flows to ensure all obligations can be met when they fall due.
     
Results and Dividends
The profit for the financial year after providing for taxation amounted to £29,390 (2023 - £44,137).
     
Director
The director who served during the financial year is as follows:
     
Mr. Mark Howell
   
There were no changes in shareholdings between 30 September 2024 and the date of signing the financial statements.
     
Political Contributions
The company did not make any disclosable political donations in the current financial year.
     
Indemnity Insurance
In accordance with our articles of assiciation and to the extent permitted by the laws of England and Wales, directors are granted an indemnity from the Company in respect of liabilities incurred as a result of their office.  In addition, we maintained a directors' and officers' liability insuranace policy throughout the year.  Neither our indemnity nor the insurance provides cover in the event that a director is proven to have acted dishonestly or fraudulently.
     
Statement of director's Responsibilities and Declaration on Unaudited Financial Statements
     
The director made the following statement in respect of the unaudited financial statements:
     
"General responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Director's declaration on unaudited financial statements
In relation to the financial statements comprising the Abridged Income Statement, the Abridged Statement of Financial Position, the Statement of Changes in Equity and the related notes:
     
The director approves these financial statements and confirms that he is responsible for them, including selecting the appropriate accounting policies, applying them consistently and making, on a reasonable and prudent basis, the judgements underlying them. They have been prepared on the going concern basis on the grounds that the company will continue in business.
     
The director confirms that he has made available to Hugh McCarthy & Associates, (Chartered Accountants), all the company's accounting records and provided all the information, books and documents necessary for the compilation of the financial statements.
     
The director confirms that to the best of his knowledge and belief, the accounting records reflect all the transactions of the company for the financial year ended 30 September 2024."
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
___________________________
Mr. Mark Howell
Director
     
6 May 2025



TXF Network Limited
ABRIDGED INCOME STATEMENT
for the financial year ended 30 September 2024
2024 2023
Notes £ £

Gross profit 1,139,528 1,075,290
 
Administrative expenses (1,134,056) (1,041,406)
───────── ─────────
Operating profit 5,472 33,884
 
Finance income 47,857 5,566
Finance costs (17,045) -
───────── ─────────
Profit before taxation 36,284 39,450
 
Tax on profit (6,894) 4,687
───────── ─────────
Profit for the financial year 29,390 44,137
───────── ─────────
Total comprehensive income 29,390 44,137
    ═════════   ═════════



TXF Network Limited
Company Registration Number: 08492567
ABRIDGED STATEMENT OF FINANCIAL POSITION
as at 30 September 2024

2024 2023
Notes £ £
 
Current Assets
Receivables 2,098,652 521,354
Cash and cash equivalents 54,365 122,200
───────── ─────────
2,153,017 643,554
───────── ─────────
Payables: amounts falling due within one year (1,579,174) (99,101)
───────── ─────────
Net Current Assets 573,843 544,453
───────── ─────────
Total Assets less Current Liabilities 573,843 544,453
═════════ ═════════
 
Equity
Called up share capital 100 100
Share premium account 4 149,900 149,900
Retained earnings 423,843 394,453
───────── ─────────
Equity attributable to owners of the company 573,843 544,453
═════════ ═════════
 
The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 6 May 2025
           
           
________________________________          
Mr. Mark Howell          
Director          
           



TXF Network Limited
STATEMENT OF CHANGES IN EQUITY
as at 30 September 2024

Called up Share Retained Total
share premium earnings
capital account
£ £ £ £
 
At 1 October 2022 100 149,900 350,316 500,316
───────── ───────── ───────── ─────────
Profit for the financial year - - 44,137 44,137
───────── ───────── ───────── ─────────
At 30 September 2023 100 149,900 394,453 544,453
  ───────── ───────── ───────── ─────────
Profit for the financial year - - 29,390 29,390
  ───────── ───────── ───────── ─────────
At 30 September 2024 100 149,900 423,843 573,843
  ═════════ ═════════ ═════════ ═════════



TXF Network Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 September 2024

   
1. General Information
 
TXF Network Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 08492567. The registered office of the company is Third Floor, Sterling House, 20 Station Road, Gerrards Cross, Buckinghamshire which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 September 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Revenue
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue comprises the fair value of consideration received and receivable exclusive of value added tax and after discounts and rebates.

Where the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes a financing transaction, the fair value of the consideration is measured as the present value of all future receipts using the imputed rate of interest.

Revenue from the provision of services is recognised in the accounting period in which the services are rendered and the outcome of the contract can be estimated reliably.
 
Trade and other receivables
Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Abridged Statement of Financial Position bank overdrafts are shown within Payables.
 
Trade and other payables
Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 4, (2023 - 2).
 
  2024 2023
  Number Number
 
Administration 4 4
  ═════════ ═════════
   
4. Reserves
 
Share Premium Reserve
 
The amount carried forward is the premium that arose from the issue of shares in 2010.
 
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 September 2024.
   
6. Controlling interest
 
The company is owned and controlled by its shareholders with no particular shareholder having a dominant influence over the company and its affairs.
   
7. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.
       
8. Management information
 
For information purposes to the reader, included in the income figure for the period are sales transactions with the folllowing companies amounting to -
 
  2024 2023
  £ £
 
Comino Media Limited 764,950 685,750
Seefin Construction Software Limited - 219,000
  ───────── ─────────
  764,950 904,750
  ═════════ ═════════