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Registered Number: 14087417
England and Wales

 

 

 

SA-NETWORK LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

SA-Network Limited
Contents Page
For the year ended 31 December 2024
Director Po Yee Bella TSANG
Registered Number 14087417
Registered Office 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
Accountants P and Co (Partners) LLP
18 Ensign Street
London
E1 8PA
Secretary Po Yee Bella TSANG
1
Director's report and financial statements
The director presents the annual report and financial statements for the year ended 31 December 2024.
Principal activities
Principal activity of the company during the financial year was of information technology consultancy activities 
Director
The director who served the company throughout the year was as follows:

Po Yee Bella TSANG
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice. Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that year. In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose the financial position of the company with reasonable accuracy at any time and to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Po Yee Bella TSANG
Director

Date approved: 25 September 2025
2
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SA-Network Limited for the year ended 31 December 2024 which comprise of the Income Statement, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance

This report is made solely to the Board of Directors of SA-Network Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of SA-Network Limited and state those matters that we have agreed to state to the Board of Directors of SA-Network Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SA-Network Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that SA-Network Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of SA-Network Limited . You consider that SA-Network Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of SA-Network Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.





....................................................

P and Co (Partners) LLP
18 Ensign Street
London
E1 8PA
26 September 2025
3
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 3 70    94 
70    94 
Current assets      
Debtors 4 8,689    35,817 
Cash at bank and in hand 4,322    14,431 
13,011    50,248 
Creditors: amount falling due within one year 5 (50,395)   (43,086)
Net current assets (37,384)   7,162 
 
Total assets less current liabilities (37,314)   7,256 
Creditors: amount falling due after more than one year 6 (184,981)   (109,120)
Net assets (222,295)   (101,864)
 

Capital and reserves 		     
Called up share capital 7 1    1 
Profit and loss account (222,296)   (101,865)
Shareholders' funds (222,295)   (101,864)
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 25 September 2025 and were signed by:


-------------------------------
Po Yee Bella TSANG
Director
4
General Information
SA-Network Limited is a private company, limited by shares, registered in England and Wales, registration number 14087417, registration address 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Going concern basis
These financial statements have been prepared on a going concern basis, the validity of which depends on the financial support of the shareholder and affiliate companies, at a level sufficient to finance the working capital requirements of the Company. The shareholder and affiliate companies have agreed to provide adequate funds for the Company to meet its liabilities as they fall due. The director is therefore of the opinion that it is appropriate to prepare the financial statements on a going concern basis.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.


Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 5 Straight Line
2.

Average number of employees

Average number of employees during the year was 8 (2023 : 6).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 January 2024 120    120 
Additions -    - 
Disposals -    - 
At 31 December 2024 120    120 
Depreciation
At 01 January 2024 26    26 
Charge for year 24    24 
On disposals -    - 
At 31 December 2024 50    50 
Net book values
Closing balance as at 31 December 2024 70    70 
Opening balance as at 01 January 2024 94    94 


4.

Debtors: amounts falling due within one year

2024
£		   2023
£
Prepayments & Accrued Income -    27,200 
Other Debtors 8,689    8,617 
8,689    35,817 

5.

Creditors: amount falling due within one year

2024
£		   2023
£
PAYE & Social Security 11,610    11,210 
Accrued Expenses 3,976    3,975 
Other Creditors 3,101    2,913 
Director's Current Accounts 33,201    33,201 
VAT (1,493)   (8,213)
50,395    43,086 

6.

Creditors: amount falling due after more than one year

2024
£		   2023
£
Other Creditors 184,981    109,120 
184,981    109,120 

7.

Share Capital

Allotted, called up and fully paid
2024
£		   2023
£
1 Ordinary share of £1.00 each 1    1 
1    1 

5