REGISTERED NUMBER: 08757497 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 October 2024

for

COUGHLAN NETWORK SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

8

Director:

C Coughlan

Registered office:

3rd Floor

86-90 Paul Street

London

EC2A 4NE

Registered number:

08757497 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Tangible assets

4

92,044

64,447

Current assets

Stocks

500

500

Debtors

5

73,067

120,163

Cash at bank and in hand

620,131

283,078

693,698

403,741

Creditors

Amounts falling due within one year

6

486,430

216,863

Net current assets

207,268

186,878

Total assets less current liabilities

299,312

251,325

Creditors

Amounts falling due after more than one year

7

(59,553

)

(31,184

)

Provisions for liabilities

8

(23,011

)

(12,245

)

Net assets

216,748

207,896

Capital and reserves

Called up share capital

9

100

100

Retained earnings

10

216,648

207,796

Shareholders' funds

216,748

207,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2025 and were signed by:

C Coughlan - Director

1.	Statutory information

Coughlan Network Services 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.

Key source of estimation, uncertainty and judgement

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Taxation for the year comprises current. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2023 - 2 ) .

4.	Tangible fixed assets

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 31 October 2023

36,430

107,058

4,576

148,064

Additions

-

53,700

4,209

57,909

At 30 October 2024

36,430

160,758

8,785

205,973

Depreciation

At 31 October 2023

12,231

67,378

4,008

83,617

Charge for year

5,280

23,345

1,687

30,312

At 30 October 2024

17,511

90,723

5,695

113,929

Net book value

At 30 October 2024

18,919

70,035

3,090

92,044

At 30 October 2023

24,199

39,680

568

64,447

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Other debtors

65,277

42,714

Other loans

2,000

2,000

Directors' current accounts

-

61,477

VAT

5,790

13,972

73,067

120,163

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

11,114

3,250

Corporation tax

52,698

32,552

Pension

482

-

Other creditors

15,621

15,000

Directors' current accounts

11,514

-

Accruals and deferred income

385,001

156,061

486,430

216,863

7.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans - 1-2 years

10,000

10,000

Bank loans - 2-5 years

14,367

19,749

Hire purchase contracts

35,186

1,435

59,553

31,184

8.	Provisions for liabilities

2024

2023

£

£

Deferred tax

23,011

12,245

Deferred tax

£

Balance at 31 October 2023

12,245

Provided during year

10,766

Balance at 30 October 2024

23,011

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

10.

Reserves

Retained

earnings

£

At 31 October 2023

207,796

Profit for the year

83,602

Dividends

(74,750

)

At 30 October 2024

216,648

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Coughlan Network Services Ltd for the year ended 30 October 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Coughlan Network Services Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Coughlan Network Services Ltd and state those matters that we have agreed to state to the director of Coughlan Network Services Ltd in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Coughlan Network Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Coughlan Network Services Ltd. You consider that Coughlan Network Services Ltd 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 financial statements of Coughlan Network Services Ltd. 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 financial statements.

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

30 October 2025