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Registered number: 06776696
GE Networks Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06776696
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,475 2,750
2,475 2,750
CURRENT ASSETS
Stocks 6 310 420
Debtors 7 5,036 5,435
Cash at bank and in hand 15,311 25,698
20,657 31,553
Creditors: Amounts Falling Due Within One Year 8 (6,967 ) (16,031 )
NET CURRENT ASSETS (LIABILITIES) 13,690 15,522
TOTAL ASSETS LESS CURRENT LIABILITIES 16,165 18,272
PROVISIONS FOR LIABILITIES
Deferred Taxation (471 ) (522 )
NET ASSETS 15,694 17,750
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 15,684 17,740
SHAREHOLDERS' FUNDS 15,694 17,750
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For the year ending 31 March 2026 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr G Eddie
Director
21/08/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GE Networks Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06776696 . The registered office is 31 Spring Gardens, Scarborough, YO11 3SH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
  • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;
  • the Company retains neither coninuing magerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
  • the amount of revenue can be measured reliably;
  • it is probable that the economic benefits associatd with the transaction will flow to the Company; and
  • the costs incurred or to be incurred in respect is recognised when goods are delivered and legal title is passed.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Intangible fixed assets are carried at cost less accumulated amortisation and impairmenet losses.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 10% Reducing Balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2025 30,275
As at 31 March 2026 30,275
Amortisation
As at 1 April 2025 30,275
As at 31 March 2026 30,275
Net Book Value
As at 31 March 2026 -
As at 1 April 2025 -
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2025 8,626
As at 31 March 2026 8,626
Depreciation
As at 1 April 2025 5,876
Provided during the period 275
As at 31 March 2026 6,151
Net Book Value
As at 31 March 2026 2,475
As at 1 April 2025 2,750
6. Stocks
2026 2025
£ £
Stock 310 420
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7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 5,036 5,435
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 1,943 10,242
Other creditors 211 259
Taxation and social security 4,813 5,530
6,967 16,031
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 10 10
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