Company Registration No. 05706812 (England and Wales)
Network Needs Limited
Unaudited accounts
for the year ended 31 March 2025
Network Needs Limited
Unaudited accounts
Contents
Network Needs Limited
Company Information
for the year ended 31 March 2025
Directors
Ryan Alexander Lochhead
Richard Benjamin Frost
Secretary
Rebecca Louise Joel
Company Number
05706812 (England and Wales)
Registered Office
41 Oldfields Road
Sutton
Surrey
SM1 2NB
Accountants
Blythe & Co
41 Oldfields Road
Sutton
Surrey
SM1 2NB
Network Needs Limited
Statement of financial position
as at 31 March 2025
Tangible assets
6,799
10,199
Cash at bank and in hand
20,855
19,112
Creditors: amounts falling due within one year
(100,524)
(151,400)
Net current assets/(liabilities)
9,542
(96,750)
Net assets/(liabilities)
16,341
(86,551)
Called up share capital
1
1
Profit and loss account
16,340
(86,552)
Shareholders' funds
16,341
(86,551)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2025 and were signed on its behalf by
Ryan Alexander Lochhead
Director
Company Registration No. 05706812
Network Needs Limited
Notes to the Accounts
for the year ended 31 March 2025
Network Needs Limited is a private company, limited by shares, registered in England and Wales, registration number 05706812. The registered office is 41 Oldfields Road, Sutton, Surrey, SM1 2NB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Motor vehicles
25% on cost
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
1,158
23,602
1,418
55,170
81,348
At 31 March 2025
1,158
23,602
1,418
55,170
81,348
At 1 April 2024
1,158
13,403
1,418
55,170
71,149
Charge for the year
-
3,400
-
-
3,400
At 31 March 2025
1,158
16,803
1,418
55,170
74,549
At 31 March 2025
-
6,799
-
-
6,799
At 31 March 2024
-
10,199
-
-
10,199
Network Needs Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
59,362
33,012
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
9,747
5,162
Other creditors
22,418
19,501
Loans from directors
67,154
125,095
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1
1
8
Average number of employees
During the year the average number of employees was 4 (2024: 4).