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Company Registration No. 10022030 (England and Wales)
NETWORK GSA LTD Unaudited accounts for the year ended 31 March 2025
NETWORK GSA LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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NETWORK GSA LTD Company Information for the year ended 31 March 2025
Director
Andrew Hoskins
Company Number
10022030 (England and Wales)
Registered Office
16 Woodlands Walk Mannings Heath Horsham West Sussex RH13 6JG England
Accountants
Angela MacCarthy Limited T A On The Spot 7 Chalfont Drive Hove East Sussex BN3 6QR
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NETWORK GSA LTD Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
40,880
51,350
Current assets
Debtors
5
52,581
38,218
Cash at bank and in hand
435,415
343,043
487,996
381,261
Creditors: amounts falling due within one year
6
(122,245)
(104,054)
Net current assets
365,751
277,207
Net assets
406,631
328,557
Capital and reserves
Called up share capital
100
100
Profit and loss account
406,531
328,457
Shareholders' funds
406,631
328,557
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 director acknowledges his 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 and authorised for issue on 4 September 2025 and were signed on its behalf by
Andrew Hoskins Director Company Registration No. 10022030
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NETWORK GSA LTD Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
NETWORK GSA LTD is a private company, limited by shares, registered in England and Wales, registration number 10022030. The registered office is 16 Woodlands Walk, Mannings Heath, Horsham, West Sussex, RH13 6JG, England.
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.
3
Accounting policies
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.
Revenue
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.
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
20% per annum straight line
Computer equipment
33.3% per annum straight line
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.
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NETWORK GSA LTD Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
54,090
9,200
63,290
Additions
-
1,082
1,082
At 31 March 2025
54,090
10,282
64,372
Depreciation
At 1 April 2024
3,606
8,334
11,940
Charge for the year
10,818
734
11,552
At 31 March 2025
14,424
9,068
23,492
Net book value
At 31 March 2025
39,666
1,214
40,880
At 31 March 2024
50,484
866
51,350
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
580
545
Trade debtors
40,929
36,685
Accrued income and prepayments
1,072
988
Other debtors
10,000
-
52,581
38,218
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
3,008
1,133
Taxes and social security
49,626
34,080
Other creditors
6,856
6,967
Loans from directors
61,189
60,394
Accruals
1,566
1,480
122,245
104,054
7
Transactions with related parties
The transactions with the director and shareholders have not been conducted under normal market conditions; A balance of £61,189 is owed to the director at the year and no interest is being charged to the company.
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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