| REGISTERED NUMBER: |
| Audited Financial Statements for the Year Ended 31 December 2025 |
| for |
| NetworksUK Ltd |
| REGISTERED NUMBER: |
| Audited Financial Statements for the Year Ended 31 December 2025 |
| for |
| NetworksUK Ltd |
| NetworksUK Ltd (Registered number: 02899817) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2025 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 2 |
| NetworksUK Ltd (Registered number: 02899817) |
| Balance Sheet |
| 31 December 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| Fixed assets |
| Intangible assets | 5 |
| Tangible assets | 6 |
| Current assets |
| Debtors | 7 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| Net current assets |
| Total assets less current liabilities |
| Provisions for liabilities | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Retained earnings |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| NetworksUK Ltd (Registered number: 02899817) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2025 |
| 1. | Statutory information |
| NetworksUK Ltd is a |
| Registered number: |
| Registered office: |
| 2. | Statement of compliance |
| 3. | Accounting policies |
| Basis of preparing the financial statements |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Critical accounting judgements and key sources of estimation uncertainty |
| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Patents and licences |
| Costs associated with patents and licences are capitalised and amortised equally over a period of 3 years, which is the period over which the directors consider the costs have a continued value. |
| Internet domains |
| Costs associated with internet domains are capitalised and amortised equally over a period of 5 years, which is the period over which the directors consider the costs have a continued value. |
| NetworksUK Ltd (Registered number: 02899817) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 3. | Accounting policies - continued |
| Tangible fixed assets |
| Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. |
| Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: |
| Tools and equipment - 15% on reducing balance |
| Office equipment - 15% on reducing balance |
| Motor vehicles - 25% on reducing balance |
| Computer equipment - 33.3% on reducing balance |
| Financial instruments |
| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. |
| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. |
| Debt instruments are subsequently measured at amortised cost. |
| Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. |
| For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. |
| Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. |
| Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. |
| Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. |
| NetworksUK Ltd (Registered number: 02899817) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 3. | Accounting policies - continued |
| 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. |
| 4. | Employees and directors |
| The average number of employees during the year was |
| 5. | Intangible fixed assets |
| Patents and | Development | Internet |
| licences | costs | domains | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 January 2025 |
| and 31 December 2025 |
| Amortisation |
| At 1 January 2025 |
| Amortisation for year |
| At 31 December 2025 |
| Net book value |
| At 31 December 2025 |
| At 31 December 2024 |
| NetworksUK Ltd (Registered number: 02899817) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 6. | Tangible fixed assets |
| Tools & | Office | Computer |
| equipment | equipment | equipment | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 January 2025 |
| Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31 December 2025 |
| Depreciation |
| At 1 January 2025 |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31 December 2025 |
| Net book value |
| At 31 December 2025 |
| At 31 December 2024 |
| 7. | Debtors |
| 2025 | 2024 |
| £ | £ |
| Amounts falling due within one year: |
| Other debtors |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| 8. | Creditors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Corporation tax |
| VAT | - | 10,216 |
| Other creditors |
| Accruals and deferred income |
| NetworksUK Ltd (Registered number: 02899817) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 9. | Disclosure under Section 444(5B) of the Companies Act 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 10. | Parent undertaking and related party disclosures |
| Parent Undertaking |
| Following the acquisition of 100% of the share capital of NetworksUK Limited on 29 October 2024, Electrical Testing (Holdings) Limited is the smallest and largest group for which consolidated accounts are prepared. Copies of the consolidated financial statements are publicly available from Companies House, England & Wales. |
| Related party disclosures |
| During the year sales of £nil (2024 - £267,465) were made to, and purchases of £nil (2024 - £4,125) were made from Electrical Testing Ltd, a Company under common control. At the balance sheet date an amount of £nil (2024 - £nil) was due from Electrical Testing Ltd. |
| At the balance sheet date an amount of £2,292 (2024 - £(26,250)) in respect of a loan, was due to Electrical Testing Ltd of which £nil (2024 - £nil) is due in more than one year. |
| During the year rent of £5,000 (2024 - £10,000) was paid to Mr A J and Mrs E J Hobbs former Directors of the company. |
| 11. | Ultimate controlling party |
| Ultimate control of the company rests with Mr S A Hobbs |