NETWORKOLOGY LTD


Directors	JELLEY, Robert Kevin
	MONTEITH, Stuart Andrew
	MORGAN, James Douglas
	OWEN, David John
	WALLINGTON, Stefan Nicholas


Registered Address	Unit 11 Forest Gate
	Chippenham
	SN15 3RS


Registered Number	08680414 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		20,289		30,249
Investments	4		28,349		-
			48,638		30,249
Current assets
Debtors	5	3,143,980		667,344
Cash at bank and on hand		2,793,471		241,294
		5,937,451		908,638
Creditors amounts falling due within one year	6	(5,670,010)		(559,247)
Net current assets (liabilities)			267,441		349,391
Total assets less current liabilities			316,079		379,640
Creditors amounts falling due after one year	7		(12,683)		(23,332)
Net assets			303,396		356,308
Capital and reserves
Called up share capital			5,000		5,000
Profit and loss account			298,396		351,308
Shareholders' funds			303,396		356,308

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 15 December 2025, and are signed on its behalf by:

WALLINGTON, Stefan Nicholas
Director
Registered Company No. 08680414

NETWORKOLOGY LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Turnover policy
	The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of VAT. In respect of contracts for on-going services, turnover represents the value of work performed in the year.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Plant and machinery	25

	Investments
	The company holds cryptoassets for investment purposes. Cryptoassets are recognised within Investments – Other investments at cost (including directly attributable acquisition costs). They are reviewed for impairment at each reporting date and carried at cost less any impairment. Any impairment loss, and any subsequent reversal, is recognised in profit or loss. Gains or losses on disposal are recognised in profit or loss.

Investments

The company holds cryptoassets for investment purposes. Cryptoassets are recognised within Investments – Other investments at cost (including directly attributable acquisition costs). They are reviewed for impairment at each reporting date and carried at cost less any impairment. Any impairment loss, and any subsequent reversal, is recognised in profit or loss. Gains or losses on disposal are recognised in profit or loss.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	27		18

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 24	70,490
	Additions	10,674
	At 31 March 25	81,164
	Depreciation and impairment
	At 01 April 24	40,241
	Charge for year	20,634
	At 31 March 25	60,875
	Net book value
	At 31 March 25	20,289
	At 31 March 24	30,249

4.	Fixed asset investments

		Total
		£
	Cost or valuation
	Additions	28,349
	At 31 March 25	28,349
	Net book value
	At 31 March 25	28,349
	At 31 March 24	-

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	1,625,348	665,075
Other debtors	(39,369)	2,175
Prepayments and accrued income	1,558,001	94
Total	3,143,980	667,344

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	3,074,475	271,899
Taxation and social security	315,868	274,634
Other creditors	7,846	8,414
Accrued liabilities and deferred income	2,271,821	4,300
Total	5,670,010	559,247

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	12,683	23,332
Total	12,683	23,332