REGISTERED NUMBER: 11792144 (England and Wales)

JAD NETWORKS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

J A Downie

Mrs J Downie

REGISTERED OFFICE:

22-24 Harborough Road

Kingsthorpe

Northampton

Northamptonshire

NN2 7AZ

REGISTERED NUMBER:

11792144 (England and Wales)

ACCOUNTANTS:

Phipps Henson McAllister

Chartered Accountants

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

FIXED ASSETS

Tangible assets

4

35,524

37,465

CURRENT ASSETS

Debtors

5

33,405

22,285

Cash at bank

14,980

22,001

48,385

44,286

CREDITORS

Amounts falling due within one year

6

105,417

103,124

NET CURRENT LIABILITIES

(57,032

)

(58,838

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(21,508

)

(21,373

)

CREDITORS

Amounts falling due after more than one year

7

20,357

23,802

NET LIABILITIES

(41,865

)

(45,175

)

CAPITAL AND RESERVES

Called up share capital

8

3

3

Retained earnings

(41,868

)

(45,178

)

SHAREHOLDERS' FUNDS

(41,865

)

(45,175

)

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 directors acknowledge their 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 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

J A Downie - Director

1.	STATUTORY INFORMATION

JAD Networks Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 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.

Taxation

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

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.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Testing

Commercial

Equipment

vehicles

Totals

£

£

£

COST

At 1 January 2024

28,250

70,277

98,527

Additions

-

12,945

12,945

Disposals

-

(20,874

)

(20,874

)

At 31 December 2024

28,250

62,348

90,598

DEPRECIATION

At 1 January 2024

21,245

39,817

61,062

Charge for year

1,752

9,372

11,124

Eliminated on disposal

-

(17,112

)

(17,112

)

At 31 December 2024

22,997

32,077

55,074

NET BOOK VALUE

At 31 December 2024

5,253

30,271

35,524

At 31 December 2023

7,005

30,460

37,465

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

32,960

21,840

Amounts falling due after more than one year:

Other debtors

445

445

Aggregate amounts

33,405

22,285

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

3,621

3,621

Trade creditors

2,020

2,321

Taxation and social security

65,137

81,628

Other creditors

34,639

15,554

105,417

103,124

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

1,196

4,596

Other creditors

19,161

19,206

20,357

23,802

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

A Ordinary

£1

1

1

1

B Ordinary

£1

1

1

1

C Ordinary

£1

1

1

3

3