REGISTERED NUMBER: 07560498 (England and Wales)

Network System Installations Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

R J Smith

REGISTERED OFFICE:

1 Colyers Wents

Hucking

Maidstone

Kent

ME17 1QP

REGISTERED NUMBER:

07560498 (England and Wales)

ACCOUNTANTS:

Aggarwal & Co

Chartered Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

FIXED ASSETS

Tangible assets

4

5,268

5,891

CURRENT ASSETS

Debtors

5

34,695

22,610

Cash at bank and in hand

6,175

3,807

40,870

26,417

CREDITORS

Amounts falling due within one year

6

129,363

111,832

NET CURRENT LIABILITIES

(88,493

)

(85,415

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(83,225

)

(79,524

)

CREDITORS

Amounts falling due after more than one year

7

974

5,341

NET LIABILITIES

(84,199

)

(84,865

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(84,299

)

(84,965

)

SHAREHOLDERS' FUNDS

(84,199

)

(84,865

)

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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 December 2025 and were signed by:

R J Smith - Director

1.	STATUTORY INFORMATION

Network System Installations 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.

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.

The financial statements have been prepared adopting the going concern principle despite the balance sheet showing an excess of liabilities over assets of £84,199. The company is dependent on the financial support of this director, who has continued to provide this support since the year end.

Income recognition

Turnover comprises the invoiced value of goods and services supplied by the company, exclusive of value added tax and trade discounts. Profit on individual contracts is recognised only when their outcome can be foreseen with reasonable certainty. Provision is made for all known or expected losses on individual contracts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

27,955

Additions

1,060

At 31 March 2025

29,015

DEPRECIATION

At 1 April 2024

22,064

Charge for year

1,683

At 31 March 2025

23,747

NET BOOK VALUE

At 31 March 2025

5,268

At 31 March 2024

5,891

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

29,493

18,455

Amounts recoverable on contracts

5,202

4,155

34,695

22,610

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

31,424

30,248

Trade creditors

18,901

8,189

Taxation and social security

42,889

44,464

Other creditors

36,149

28,931

129,363

111,832

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

974

5,341

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

27,165

26,275

The director has personally guaranteed the bank facilities.

Hire purchase liabilities are secured on the relevant asset.