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| Unaudited Financial Statements |

| for the Year Ended 31 December 2024 |

| for |

| The Network Collective Limited |

| The Network Collective Limited (Registered number: 05496903) |

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| The Network Collective Limited |

Company Information

for the Year Ended 31 December 2024

| DIRECTOR: | J J Waterhouse

| SECRETARY: | Mrs E Waterhouse

| REGISTERED OFFICE: | 8-10 South Street

| Epsom

| Surrey

| KT18 7PF

| REGISTERED NUMBER: | 05496903 (England and Wales)

| ACCOUNTANTS: | Williams & Co Epsom LLP

| Chartered Accountants

| 8-10 South Street

| Epsom

| Surrey

| KT18 7PF

| The Network Collective Limited (Registered number: 05496903) |

Balance Sheet

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 4,987 |  | - |  |

Tangible assets | 5 | 17,877 |  | 27,845 |  |

22,864 |  | 27,845 |  |

CURRENT ASSETS

Stocks | 55,717 |  | 94,592 |  |

Debtors | 6 | 708,034 |  | 661,200 |  |

Cash at bank and in hand | 628,536 |  | 586,606 |  |

1,392,287 |  | 1,342,398 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,054,026 |  | 821,139 |  |

NET CURRENT ASSETS | 338,261 |  | 521,259 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 361,125 |  | 549,104 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (4,409 | ) | (14,806 | ) |

PROVISIONS FOR LIABILITIES | 10 | (7,640 | ) | (7,025 | ) |

NET ASSETS | 349,076 |  | 527,273 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 100 |  | 100 |  |

Retained earnings | 348,976 |  | 527,173 |  |

SHAREHOLDERS' FUNDS | 349,076 |  | 527,273 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

| The Network Collective Limited (Registered number: 05496903) |

Balance Sheet - continued

31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 August 2025 and were signed by:

J J Waterhouse - Director

| The Network Collective Limited (Registered number: 05496903) |

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| The Network Collective Limited 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.

| Turnover

| Turnover which is stated net of value added tax, represents procurement fees for services provided charged in accordance with client contracts. Fees are recognised on an accruals basis, and at project milestone agreements.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Computer software is being amortised evenly over its estimated useful life of five years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings | - | 25% on cost

| Motor vehicles | - | Straight line over 3 years

| Computer equipment | - | Straight line over 3 years

| Stocks

| Work in progress is valued at the lower of cost and net realisable value.

| Work in progress is in relation to work carried out on contracts before revenue is able to be recognised.

| The Network Collective Limited (Registered number: 05496903) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial assets:

| Basic financial instruments, including trade and other debtors, cash and bank balances are initially recognised at the transaction price.

| Such assets are subsequently carried at amortised cost using the effective interest method.

| At the end of each reporting period financial assets are reviewed for evidence of impairment, with any impairment losses recognised in profit or loss.

| If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

| Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

| Financial liabilities:

| Basic financial liabilities, including trade and other creditors, and loans are initially recognised at the transaction price and for those not classed as financing transactions, are subsequently measured at amortised cost, being the transaction price less any amounts settled.

| Trade creditors are classified as current liabilities where they are due within one year. If they are not, they are classified as non-current liabilities.

| Where an arrangement constitutes a financing arrangement, the creditor is initially measured at the present value of future payments discounted at a market rate of interest for a similar instrument, and subsequently measured at amortised cost.

| Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

| The Network Collective Limited (Registered number: 05496903) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| 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.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 25 (2023 - 27 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| Additions | 5,249 |  |

| At 31 December 2024 | 5,249 |  |

| AMORTISATION

| Charge for year | 262 |  |

| At 31 December 2024 | 262 |  |

| NET BOOK VALUE

| At 31 December 2024 | 4,987 |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 January 2024 | 2,350 |  | 15,832 |  | 30,400 |  | 89,268 |  | 137,850 |  |

| Additions | - |  | 362 |  | - |  | 7,188 |  | 7,550 |  |

| At 31 December 2024 | 2,350 |  | 16,194 |  | 30,400 |  | 96,456 |  | 145,400 |  |

| DEPRECIATION

| At 1 January 2024 | 587 |  | 14,205 |  | 30,400 |  | 64,813 |  | 110,005 |  |

| Charge for year | 587 |  | 901 |  | - |  | 16,030 |  | 17,518 |  |

| At 31 December 2024 | 1,174 |  | 15,106 |  | 30,400 |  | 80,843 |  | 127,523 |  |

| NET BOOK VALUE

| At 31 December 2024 | 1,176 |  | 1,088 |  | - |  | 15,613 |  | 17,877 |  |

| At 31 December 2023 | 1,763 |  | 1,627 |  | - |  | 24,455 |  | 27,845 |  |

| The Network Collective Limited (Registered number: 05496903) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 504,836 |  | 442,206 |  |

| Other debtors | 8,166 |  | 4,728 |  |

| Prepayments and accrued income | 27,124 |  | 214,266 |  |

| Prepayments | 167,908 |  | - |  |

708,034 |  | 661,200 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts (see note 9) | 10,397 |  | 10,141 |  |

| Trade creditors | 2,072 |  | 34,588 |  |

| Tax | 104,720 |  | 151,651 |  |

| Social security and other taxes | 117,912 |  | 115,666 |  |

| VAT | 205,020 |  | 157,294 |  |

| Other creditors | 5,663 |  | 5,617 |  |

| Directors' current accounts | 244 |  | 244 |  |

| Deferred income | 140,874 |  | 165,517 |  |

| Accrued expenses | 467,124 |  | 180,421 |  |

1,054,026 |  | 821,139 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans (see note 9) | 4,409 |  | 14,806 |  |

9. | LOANS

| An analysis of the maturity of loans is given below:

2024 | 2023 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | 10,397 |  | 10,141 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 4,409 |  | 10,397 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | - |  | 4,409 |  |

10. | PROVISIONS FOR LIABILITIES

2024 | 2023 |

£ | £ |

| Deferred tax | 7,640 |  | 7,025 |  |

| The Network Collective Limited (Registered number: 05496903) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

10. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 January 2024 | 7,025 |  |

| Provided during year | 615 |  |

| Balance at 31 December 2024 | 7,640 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

12. | ULTIMATE CONTROLLING PARTY

| Throughout the current and preceding year the company was under the control of Mr J and Mrs E Waterhouse.