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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
Anson Network Limited is a private company limited by shares, registered in England and Wales. The address of the registered office and company registration number is disclosed on the company information page. The address of its principal place of business is 10F, No. 350, Junfu 16th Rd., Beitun Dist., Taichung City 406, Taiwan.
The financial statements are presented in sterling which is the functional currency of the company and round to the nearest £.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
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Foreign currency translation
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Functional and presentation currency
The company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
The average monthly number of employees, including directors, during the year was 1 (2024 - 1).
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Prepayments and accrued income
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