Unaudited Financial Statements

for the Year Ended 31 December 2025

for

The Network Collective Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J J Waterhouse

Mrs E Waterhouse

SECRETARY:

Mrs E Waterhouse

REGISTERED OFFICE:

8-10 South Street

Epsom

Surrey

KT18 7PF

REGISTERED NUMBER:

05496903 (England and Wales)

ACCOUNTANTS:

Williams & Co Epsom LLP

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Intangible assets

4

3,937

4,987

Tangible assets

5

20,151

17,877

24,088

22,864

CURRENT ASSETS

Stocks

-

55,717

Debtors

6

749,105

708,034

Cash at bank

946,500

628,536

1,695,605

1,392,287

CREDITORS

Amounts falling due within one year

7

1,042,421

1,054,026

NET CURRENT ASSETS

653,184

338,261

TOTAL ASSETS LESS CURRENT LIABILITIES

677,272

361,125

CREDITORS

Amounts falling due after more than one year

8

-

(4,409

)

PROVISIONS FOR LIABILITIES

10

(6,022

)

(7,640

)

NET ASSETS

671,250

349,076

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

671,150

348,976

SHAREHOLDERS' FUNDS

671,250

349,076

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2026 and were signed on its behalf by:

J J Waterhouse - Director

1.	STATUTORY INFORMATION

The Network Collective 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.

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 which is stated net of value added tax, represents procurement fees for services provided charged in accordance with client contracts. Fees are recognised on an accruals basis, and at project milestone agreements.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Motor vehicles

-

Straight line over 3 years

Computer equipment

-

Straight line over 3 years

Stocks

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

Work in progress is in relation to work carried out on contracts before revenue is able to be recognised.

Financial instruments

Financial assets:

Basic financial instruments, including trade and other debtors, cash and bank balances are initially recognised at the transaction price.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets are reviewed for evidence of impairment, with any impairment losses recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities:

Basic financial liabilities, including trade and other creditors, and loans are initially recognised at the transaction price and for those not classed as financing transactions, are subsequently measured at amortised cost, being the transaction price less any amounts settled.

Trade creditors are classified as current liabilities where they are due within one year. If they are not, they are classified as non-current liabilities.

Where an arrangement constitutes a financing arrangement, the creditor is initially measured at the present value of future payments discounted at a market rate of interest for a similar instrument, and subsequently measured at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

and 31 December 2025

5,249

AMORTISATION

At 1 January 2025

262

Charge for year

1,050

At 31 December 2025

1,312

NET BOOK VALUE

At 31 December 2025

3,937

At 31 December 2024

4,987

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

2,350

16,194

30,400

96,456

145,400

Additions

9,995

-

-

8,345

18,340

Disposals

-

(7,288

)

(30,400

)

(59,379

)

(97,067

)

At 31 December 2025

12,345

8,906

-

45,422

66,673

DEPRECIATION

At 1 January 2025

1,174

15,106

30,400

80,843

127,523

Charge for year

1,212

548

-

12,232

13,992

Eliminated on disposal

-

(7,288

)

(30,400

)

(57,305

)

(94,993

)

At 31 December 2025

2,386

8,366

-

35,770

46,522

NET BOOK VALUE

At 31 December 2025

9,959

540

-

9,652

20,151

At 31 December 2024

1,176

1,088

-

15,613

17,877

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

508,235

504,836

Other debtors

13,086

8,166

Prepayments and accrued income

183,308

27,124

Prepayments

44,476

167,908

749,105

708,034

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

4,409

10,397

Trade creditors

29,393

2,072

Tax

269,881

104,720

Social security and other taxes

124,703

117,912

VAT

142,786

205,020

Other creditors

5,486

5,663

Directors' current accounts

244

244

Deferred income

280,004

140,874

Accrued expenses

185,515

467,124

1,042,421

1,054,026

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

-

4,409

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

4,409

10,397

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

4,409

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

6,022

7,640

Deferred

tax

£

Balance at 1 January 2025

7,640

Provided during year

(1,618

)

Balance at 31 December 2025

6,022

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J and Mrs E Waterhouse.