REGISTERED NUMBER: 12499147 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 August 2025

for

Network Science Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S S Hardikar

E M Williams

REGISTERED OFFICE:

Wework

30 Churchill Place

London

E14 5RE

REGISTERED NUMBER:

12499147 (England and Wales)

ACCOUNTANTS:

Shaw & Co

Chartered Certified Accountants

3 Colegate

Norwich

Norfolk

NR3 1BN

FIXED ASSETS

Intangible assets

4

470,102

290,789

Tangible assets

5

1,783

2,331

471,885

293,120

CURRENT ASSETS

Stocks

556,877

403,709

Debtors

6

144,788

255,264

Cash at bank

49,414

10,017

751,079

668,990

CREDITORS

Amounts falling due within one year

7

49,044

115,083

NET CURRENT ASSETS

702,035

553,907

TOTAL ASSETS LESS CURRENT LIABILITIES

1,173,920

847,027

CREDITORS

Amounts falling due after more than one year

8

(614,804

)

(433,077

)

PROVISIONS FOR LIABILITIES

-

(583

)

NET ASSETS

559,116

413,367

CAPITAL AND RESERVES

Called up share capital

1,656

1,748

Share premium

354,871

215,020

Retained earnings

202,589

196,599

559,116

413,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 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 28 May 2026 and were signed on its behalf by:

S S Hardikar - Director

1.	STATUTORY INFORMATION

Network Science 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.

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.

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment - 20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 31 August 2024

415,883

Additions

227,418

At 30 August 2025

643,301

AMORTISATION

At 31 August 2024

125,094

Charge for year

48,105

At 30 August 2025

173,199

NET BOOK VALUE

At 30 August 2025

470,102

At 30 August 2024

290,789

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31 August 2024

and 30 August 2025

2,744

DEPRECIATION

At 31 August 2024

413

Charge for year

548

At 30 August 2025

961

NET BOOK VALUE

At 30 August 2025

1,783

At 30 August 2024

2,331

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.8.25

30.8.24

£

£

Trade debtors

69,709

32,694

Other debtors

75,079

222,570

144,788

255,264

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.8.25

30.8.24

£

£

Bank loans and overdrafts

-

93,812

Trade creditors

18,208

(12,945

)

Taxation and social security

19,086

19,420

Other creditors

11,750

14,796

49,044

115,083

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.8.25

30.8.24

£

£

Other creditors

614,804

433,077

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by its shareholders. Based on the shareholdings as at the Balance Sheet date, no single shareholder exercises ultimate control over the company.

Accordingly, there is no ultimate controlling party.