Registered number
03750542
Unitel Network Services Ltd
Filleted Accounts
30 September 2024
Unitel Network Services Ltd
Registered number: 03750542
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 50 77
Current assets
Debtors 4 207,402 136,324
Cash at bank and in hand 1,003,673 1,060,435
1,211,075 1,196,759
Creditors: amounts falling due within one year 5 (66,533) (50,077)
Net current assets 1,144,542 1,146,682
Net assets 1,144,592 1,146,759
Capital and reserves
Called up share capital 500 500
Capital redemption reserve 6 500 500
Profit and loss account 1,143,592 1,145,759
Shareholder's funds 1,144,592 1,146,759
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. T Cullen
Director
Approved by the board on 14 August 2025
Unitel Network Services Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 26,443
At 30 September 2024 26,443
Depreciation
At 1 October 2023 26,366
Charge for the year 27
At 30 September 2024 26,393
Net book value
At 30 September 2024 50
At 30 September 2023 77
4 Debtors 2024 2023
£ £
Trade debtors 8,628 13,213
Amounts owed by group undertakings and undertakings in which the company has a participating interest 128,223 52,560
Other debtors 70,551 70,551
207,402 136,324
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 12,472 6,639
Amounts owed to group undertakings and undertakings in which the company has a participating interest 22,870 16,016
Taxation and social security costs 11,674 7,905
Other creditors 19,517 19,517
66,533 50,077
6 Capital redemption reserve 2024 2023
£ £
At 1 October 2023 500 500
At 30 September 2024 500 500
7 Other information
Unitel Network Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Communication Centre
1 Ivy Street
Birkenhead
Merseyside
CH41 5EE
Unitel Network Services Ltd 03750542 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts April 2025 Mr. T Cullen No description of principal activity 03750542 2022-10-01 2023-09-30 03750542 core:WithinOneYear 2023-09-30 03750542 core:ShareCapital 2023-09-30 03750542 core:OtherReservesSubtotal 2023-09-30 03750542 core:RetainedEarningsAccumulatedLosses 2023-09-30 03750542 core:RevaluationReserve 2022-09-30 03750542 2023-10-01 2024-09-30 03750542 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03750542 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 03750542 bus:Director40 2023-10-01 2024-09-30 03750542 1 2023-10-01 2024-09-30 03750542 2 2023-10-01 2024-09-30 03750542 core:PlantMachinery 2023-10-01 2024-09-30 03750542 countries:England 2023-10-01 2024-09-30 03750542 bus:FRS102 2023-10-01 2024-09-30 03750542 bus:FilletedAccounts 2023-10-01 2024-09-30 03750542 2024-09-30 03750542 core:WithinOneYear 2024-09-30 03750542 core:ShareCapital 2024-09-30 03750542 core:OtherReservesSubtotal 2024-09-30 03750542 core:RetainedEarningsAccumulatedLosses 2024-09-30 03750542 core:PlantMachinery 2024-09-30 03750542 core:RevaluationReserve 2024-09-30 03750542 2023-09-30 03750542 core:PlantMachinery 2023-09-30 03750542 core:RevaluationReserve 2023-09-30 iso4217:GBP xbrli:pure