REGISTERED NUMBER: 03015861 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

FASTNET INTERNATIONAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C M Lamb

Mr J D Parker

Mr M B Jenner

SECRETARY:

Mr C M Lamb

REGISTERED OFFICE:

Shaftesbury Court

95 Ditchling Road

Brighton

East Sussex

BN1 4ST

REGISTERED NUMBER:

03015861 (England and Wales)

ACCOUNTANTS:

Peter Jarman LLP

trading as

Peter Jarman & Company

St James' Hall

Mill Road

Lancing

West Sussex

BN15 0PT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

394,423

465,948

394,423

465,948

CURRENT ASSETS

Stocks

15,368

13,876

Debtors

6

311,370

411,547

Cash at bank and in hand

167,055

401,497

493,793

826,920

CREDITORS

Amounts falling due within one year

7

(615,239

)

(888,856

)

NET CURRENT LIABILITIES

(121,446

)

(61,936

)

TOTAL ASSETS LESS CURRENT LIABILITIES

272,977

404,012

CREDITORS

Amounts falling due after more than one year

8

(22,647

)

-

PROVISIONS FOR LIABILITIES

(119,643

)

(97,153

)

NET ASSETS

130,687

306,859

CAPITAL AND RESERVES

Called up share capital

36

36

Capital redemption reserve

24

24

Retained earnings

130,627

306,799

SHAREHOLDERS' FUNDS

130,687

306,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

Mr C M Lamb - Director

1.	STATUTORY INFORMATION

Fastnet International Limited 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.

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.

Plant and machinery etc

-

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.

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.

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 23 (2024 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

92,584

AMORTISATION

At 1 April 2024

and 31 March 2025

92,584

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

2,710,029

Additions

45,953

At 31 March 2025

2,755,982

DEPRECIATION

At 1 April 2024

2,244,081

Charge for year

117,478

At 31 March 2025

2,361,559

NET BOOK VALUE

At 31 March 2025

394,423

At 31 March 2024

465,948

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

78,252

144,581

Other debtors

233,118

266,966

311,370

411,547

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

45,390

67,004

Trade creditors

72,497

174,013

Taxation and social security

106,453

141,620

Other creditors

390,899

506,219

615,239

888,856

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

22,647

-

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr M B Jenner

Balance outstanding at start of year

9,049

-

Amounts advanced

1,655

9,049

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,704

9,049

Mr C M Lamb

Balance outstanding at start of year

16,147

-

Amounts advanced

-

16,147

Amounts repaid

(386

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

15,761

16,147

Mr J D Parker

Balance outstanding at start of year

15,000

-

Amounts advanced

-

15,000

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

15,000

15,000