Company Registration No. 07869745 (England and Wales)
Network It 24 Limited
Unaudited accounts
for the year ended 31 August 2025
Network It 24 Limited
Unaudited accounts
Contents
Network It 24 Limited
Company Information
for the year ended 31 August 2025
Company Number
07869745 (England and Wales)
Network It 24 Limited
Statement of financial position
as at 31 August 2025
Tangible assets
110,574
122,919
Cash at bank and in hand
1,591
1,267
Creditors: amounts falling due within one year
(404,707)
(79,362)
Net current (liabilities)/assets
(13,423)
42,576
Total assets less current liabilities
97,151
165,495
Creditors: amounts falling due after more than one year
(51,426)
(54,430)
Called up share capital
180
180
Profit and loss account
45,545
110,885
Shareholders' funds
45,725
111,065
For the year ending 31 August 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 his 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 25 August 2026 and were signed on its behalf by
Mr Tanvir Manir
Director
Company Registration No. 07869745
Network It 24 Limited
Notes to the Accounts
for the year ended 31 August 2025
Network It 24 Limited is a private company, limited by shares, registered in England and Wales, registration number 07869745.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2024
133,455
-
11,155
144,610
Additions
7,050
3,144
803
10,997
At 31 August 2025
140,505
3,144
11,958
155,607
At 1 September 2024
20,018
-
1,673
21,691
Charge for the year
21,076
472
1,794
23,342
At 31 August 2025
41,094
472
3,467
45,033
At 31 August 2025
99,411
2,672
8,491
110,574
At 31 August 2024
113,437
-
9,482
122,919
Network It 24 Limited
Notes to the Accounts
for the year ended 31 August 2025
Amounts falling due within one year
Trade debtors
339,145
73,585
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
2,669
-
Trade creditors
339,632
38,467
Taxes and social security
13,790
6,080
Other creditors
12,252
27,492
Loans from directors
(4,237)
7,323
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
51,426
54,430
8
Average number of employees
During the year the average number of employees was 16 (2024: 16).