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REGISTERED NUMBER: 10359535 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

INGRAM NETWORKS LTD

INGRAM NETWORKS LTD (REGISTERED NUMBER: 10359535)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


INGRAM NETWORKS LTD

Company Information
for the year ended 30 September 2024







DIRECTOR: S Morris





REGISTERED OFFICE: 11a Charles Street
Newport
Blaenau Gwent
NP20 1JU





REGISTERED NUMBER: 10359535 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Ingram Networks Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ingram Networks Ltd for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Ingram Networks Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ingram Networks Ltd and state those matters that we have agreed to state to the director of Ingram Networks Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ingram Networks Ltd and its director for our work or for this report.

It is your duty to ensure that Ingram Networks Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Ingram Networks Ltd. You consider that Ingram Networks Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ingram Networks Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


27 June 2025

INGRAM NETWORKS LTD (REGISTERED NUMBER: 10359535)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,365 21,376

CURRENT ASSETS
Debtors 5 90,425 91,491
Cash at bank 144,236 116,242
234,661 207,733
CREDITORS
Amounts falling due within one year 6 36,777 10,130
NET CURRENT ASSETS 197,884 197,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,249

218,979

CREDITORS
Amounts falling due after more than one
year

7

745,927

567,958
NET LIABILITIES (530,678 ) (348,979 )

CAPITAL AND RESERVES
Called up share capital 10 146,938 146,938
Retained earnings (677,616 ) (495,917 )
SHAREHOLDERS' FUNDS (530,678 ) (348,979 )

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.

INGRAM NETWORKS LTD (REGISTERED NUMBER: 10359535)

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 27 June 2025 and were signed by:





S Morris - Director


INGRAM NETWORKS LTD (REGISTERED NUMBER: 10359535)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Ingram Networks 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.

The accounts are prepared on the going concern basis as the director has agreed to provide financial support to enable the company to continue trading for the foreseeable future and certainly for 12 months from the date of signing the balance sheet.

Critical accounting estimates and uncertainties
No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office Equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Government grants
Government grants are accounts for under the accruals method, with those in relation to expenditure credited when the expenditure is charged to the profit and loss.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an assets carrying amount and the present value of estimated cash flows discounted at the assets original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an assets carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


INGRAM NETWORKS LTD (REGISTERED NUMBER: 10359535)

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

Hire purchase and lease
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 year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Office and Computer
Equipment fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 25,426 1,530 19,278 46,234
DEPRECIATION
At 1 October 2023 13,394 229 11,235 24,858
Charge for year 1,804 196 2,011 4,011
At 30 September 2024 15,198 425 13,246 28,869
NET BOOK VALUE
At 30 September 2024 10,228 1,105 6,032 17,365
At 30 September 2023 12,032 1,301 8,043 21,376

INGRAM NETWORKS LTD (REGISTERED NUMBER: 10359535)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 90,425 91,491

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,794 5,810
Trade creditors 1,579 541
Other creditors 29,404 3,779
36,777 10,130

The loan relates to a government backed bounce back loan.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,243 10,024
Other creditors 741,684 557,934
745,927 567,958

The loan relates to a government backed bounce back loan.

8. LEASING AGREEMENTS
At the year end, the company had total outstanding lease commitments of £4,250 (2023: £12,750).

9. DEFERRED TAX
£   
Balance at 1 October 2023 (13,141 )
Balance at 30 September 2024 (13,141 )

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
14,693,800 Ordinary £0.01 146,938 146,938