REGISTERED NUMBER: 03863441 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

NETWORK INSTALLATION SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J Sandison

F Wainwright

D M Wainwright

SECRETARY:

D M Wainwright

REGISTERED OFFICE:

Cable House

40 Westgate

Skelmersdale

Lancashire

WN8 8AZ

REGISTERED NUMBER:

03863441 (England and Wales)

ACCOUNTANTS:

Coburn McKenna - Chartered Accountants

81-83a Allerton Road

Liverpool

Merseyside

L18 2DA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

187,302

199,194

187,302

199,194

CURRENT ASSETS

Stocks

40,000

45,000

Debtors

6

2,058,672

2,031,137

Cash at bank and in hand

847,840

535,094

2,946,512

2,611,231

CREDITORS

Amounts falling due within one year

7

853,961

769,358

NET CURRENT ASSETS

2,092,551

1,841,873

TOTAL ASSETS LESS CURRENT LIABILITIES

2,279,853

2,041,067

PROVISIONS FOR LIABILITIES

45,970

48,523

NET ASSETS

2,233,883

1,992,544

CAPITAL AND RESERVES

Called up share capital

90

90

Retained earnings

2,233,793

1,992,454

2,233,883

1,992,544

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 18 December 2025 and were signed on its behalf by:

F Wainwright - Director

D M Wainwright - Director

C J Sandison - Director

1.	STATUTORY INFORMATION

Network Installation Solutions 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.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of three years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on reducing balance

Office equipment

-

25% 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.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 36 (2024 - 31 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

30,000

AMORTISATION

At 1 April 2024

and 31 March 2025

30,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Office

Motor

machinery

equipment

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

107,934

97,791

293,478

499,203

Additions

1,001

1,096

90,985

93,082

Disposals

(22,138

)

-

(87,052

)

(109,190

)

At 31 March 2025

86,797

98,887

297,411

483,095

DEPRECIATION

At 1 April 2024

64,885

79,451

155,673

300,009

Charge for year

10,825

4,743

41,407

56,975

Eliminated on disposal

(7,093

)

-

(54,098

)

(61,191

)

At 31 March 2025

68,617

84,194

142,982

295,793

NET BOOK VALUE

At 31 March 2025

18,180

14,693

154,429

187,302

At 31 March 2024

43,049

18,340

137,805

199,194

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

904,368

1,139,894

Other debtors

1,154,304

891,243

2,058,672

2,031,137

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

304,274

183,311

Taxation and social security

452,713

491,653

Other creditors

96,974

94,394

853,961

769,358

8.	OTHER FINANCIAL COMMITMENTS

As at the balance sheet date the company had obligations under non-cancellable operating leases of £12,504 (2024: £13,104). All obligations were due within five years of the balance sheet date.

9.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £55,973 (2024: £55,432) in respect of a loan, by Network Investment Service, a partnership in which F Wainwright, D Wainwright and C Sandison are partners. Interest was charged at 2.25% per annum.

At the balance sheet date, the company was owed £939,420 (2024: £710,858) in respect of a loan to a company under the common control of the directors. This loan was interest-free and repayable on demand.

At the balance sheet date, the company was owed £74,546 in respect of advances to the company directors (2024: £61,667). Interest was charged at 2.25% per annum.