Company registration number: NI071067
Unaudited financial statements
for the year ended 31 January 2025
for
N4networx Ltd
Pages for filing with the Registrar
Company registration number: NI071067
N4networx Ltd
Balance sheet
as at 31 January 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 149,683 146,935
149,683 146,935
Current assets
Stocks 1,850 2,955
Debtors 226,030 136,004
Cash at bank and in hand 217,976 180,858
445,856 319,817
Creditors: amounts falling due within one
year 		(198,312) (112,344)
Net current assets 247,544 207,473
Total assets less current liabilities 397,227 354,408
Creditors: Amounts falling due after more
than one year 		(65,909) (75,387)
NET ASSETS 331,318 279,021
Capital and reserves
Called up share capital 100 100
Profit and loss account 331,218 278,921
TOTAL EQUITY 331,318 279,021
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 January 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: NI071067
N4networx Ltd
Balance sheet - continued
as at 31 January 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 2 September 2025 and signed on its behalf by:
Mr M Cush, Director
2 September 2025
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N4networx Ltd
Notes to the financial statements
for the year ended 31 January 2025
1 Company information
N4networx Ltd is a private company registered in Northern Ireland. Its registered number is NI071067. The company is limited by shares. Its registered office is N4 Networx Ltd, 30 Crescent Business Park, Lisburn, County Antrim, BT28 2GN.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 15% reducing balance
Fixtures & fittings - 15% reducing balance
Motor vehicles - 20% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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N4networx Ltd
Notes to the financial statements - continued
for the year ended 31 January 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 7 (2024 - 7).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 February 2024 238,812
Additions 33,245
At 31 January 2025 272,057
Depreciation
At 1 February 2024 91,877
Charge for year 30,497
At 31 January 2025 122,374
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N4networx Ltd
Notes to the financial statements - continued
for the year ended 31 January 2025
4 Tangible fixed assets - continued
Net book value
At 31 January 2025 149,683
At 31 January 2024 146,935
5 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024.
2025 2024
£ £
Martin Cush
Balance outstanding at start of year 501 (501)
Amounts advanced 54,127 -
Amounts repaid (59,800) -
Balance outstanding at end of year (5,172) (501)
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