1 January 2025 false No description of principal activity Taxfiler 2024.6 07478514 business:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 07478514 2024-12-31 07478514 2025-01-01 2025-12-31 07478514 business:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 07478514 business:FilletedAccounts 2025-01-01 2025-12-31 07478514 2025-12-31 07478514 business:Director1 2025-01-01 2025-12-31 07478514 business:RegisteredOffice 2025-01-01 2025-12-31 07478514 2024-12-31 07478514 core:WithinOneYear 2025-12-31 07478514 core:WithinOneYear 2024-12-31 07478514 core:AfterOneYear 2025-12-31 07478514 core:AfterOneYear 2024-12-31 07478514 core:ShareCapital core:PreviouslyStatedAmount 2025-12-31 07478514 core:ShareCapital core:PreviouslyStatedAmount 2024-12-31 07478514 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-12-31 07478514 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-12-31 07478514 core:PreviouslyStatedAmount 2025-12-31 07478514 core:PreviouslyStatedAmount 2024-12-31 07478514 business:SmallEntities 2025-01-01 2025-12-31 07478514 countries:EnglandWales 2025-01-01 2025-12-31 07478514 core:ComputerEquipment 2025-01-01 2025-12-31 07478514 core:MotorVehicles 2024-12-31 07478514 core:FurnitureFittings 2024-12-31 07478514 core:ComputerEquipment 2024-12-31 07478514 core:MotorVehicles 2025-01-01 2025-12-31 07478514 core:FurnitureFittings 2025-01-01 2025-12-31 07478514 core:MotorVehicles 2025-12-31 07478514 core:FurnitureFittings 2025-12-31 07478514 core:ComputerEquipment 2025-12-31 07478514 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company Registration No. 07478514 (England and Wales)
Network Scientific Ltd Unaudited accounts for the year ended 31 December 2025
Network Scientific Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Network Scientific Ltd Company Information for the year ended 31 December 2025
Director
Z Jackson
Company Number
07478514 (England and Wales)
Registered Office
c/o Pearson & Associates Suite E, Canal Wharf Eshton Road Gargrave, Skipton BD23 3SE
Accountants
Pearson & Associates Suite E, Canal Wharf Eshton Road Gargrave, Skipton North Yorkshire BD23 3SE
- 3 -
Network Scientific Ltd Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
41,627
3,210
Current assets
Debtors
5
181,026
200,277
Cash at bank and in hand
377,713
455,203
558,739
655,480
Creditors: amounts falling due within one year
6
(127,008)
(267,470)
Net current assets
431,731
388,010
Total assets less current liabilities
473,358
391,220
Creditors: amounts falling due after more than one year
7
(35,391)
(5,350)
Provisions for liabilities
Deferred tax
(10,407)
(803)
Net assets
427,560
385,067
Capital and reserves
Called up share capital
101
101
Profit and loss account
427,459
384,966
Shareholders' funds
427,560
385,067
For the year ending 31 December 2025 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 April 2026 and were signed on its behalf by
Z Jackson Director Company Registration No. 07478514
- 4 -
Network Scientific Ltd Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Network Scientific Ltd is a private company, limited by shares, registered in England and Wales, registration number 07478514. The registered office is c/o Pearson & Associates, Suite E, Canal Wharf, Eshton Road, Gargrave, Skipton, BD23 3SE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 January 2025
-
2,336
25,182
27,518
Additions
48,560
-
2,331
50,891
At 31 December 2025
48,560
2,336
27,513
78,409
Depreciation
At 1 January 2025
-
1,805
22,503
24,308
Charge for the year
10,244
236
1,994
12,474
At 31 December 2025
10,244
2,041
24,497
36,782
Net book value
At 31 December 2025
38,316
295
3,016
41,627
At 31 December 2024
-
531
2,679
3,210
- 5 -
Network Scientific Ltd Notes to the Accounts for the year ended 31 December 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
174,387
192,183
Other debtors
6,639
8,094
181,026
200,277
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
5,019
9,600
Obligations under finance leases and hire purchase contracts
6,953
-
Trade creditors
34,501
36,229
Taxes and social security
40,628
170,181
Other creditors
3,167
1,936
Loans from directors
36,740
49,524
127,008
267,470
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
5,350
Obligations under finance leases and hire purchase contracts
35,391
-
35,391
5,350
8
Transactions with related parties
During the year, total dividends of £112,000 were paid to Network Scientific Holdings Ltd.
9
Controlling party
Network Scientific Ltd is controlled by parent company: Network Scientific Holdings Ltd Registered office: Suite E, Canal Wharf, Eshton Road, Gargrave, Skipton BBD23 3SE.
10
Average number of employees
During the year the average number of employees was 14 (2024: 18).
- 6 -