Network 118 Ltd Accounts






Network 118 Ltd

	Company No. 07795386
		Information for Filing with The Registrar
		31 December 2025

at	31 December 2025
Company No.		07795386	Notes	2025	2024
				£	£
Fixed assets

	Tangible assets		5	8,160	-

	Investments		6	200	200
				8,360	200
Current assets

	Debtors		7	33,940	431,063

	Cash at bank and in hand			21,557	6,012
				55,497	437,075
Creditors: Amount falling due within one year			8	(142,309)	(175,345)
Net current (liabilities)/assets				(86,812)	261,730
Total assets less current liabilities				(78,452)	261,930
Creditors: Amounts falling due after more than one year			9	(5,042)	(63,513)



Net (liabilities)/assets				(83,494)	198,417

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		11	(83,594)	198,317

Total equity				(83,494)	198,417



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 22 September 2026 and signed on its behalf by:
D. Perez
Director
22 September 2026

for the year ended 31 December 2025

General information

Network 118 Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 07795386

Its registered office is:

Its trading address is:

1st Floor, Born & Co.

22 Hawthorn Close

Devonshire House

Middlesex

1 Mayfair Place

Hounslow

London

W1J 8AJ

TW5 9TG

The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Revenue recognition

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.

Leased assets

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

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 profit and loss account 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.

Investments

Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	1	1

4	Taxation
		(a) Tax on profit on ordinary activities	2025	2024
		The tax charge is made up as follows:	£	£
		UK corporation tax
		Charge for the period	9,741	14,668
		Charge for prior periods	1,000	(8,728)
		Total corporation tax	10,741	5,940





		Tax on profit on ordinary activities	10,741	5,940

		(b) Factors affecting the total tax charge for the period
		The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The differences are reconciled below:
		Higher	2025	2024
		32184	£	£
		Profit on ordinary activities before tax	(85,771)	69,500

		Standard rate of corporation tax in the United Kingdom	25%	25%

		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	(21,443)	17,375
		Expenses not deductible for tax purposes	31,184	(2,707)
		Adjustments to charge in respect of prior periods	1,000	(8,728)



		Tax on profit on ordinary activities	10,741	5,940

5	Tangible fixed assets
			Motor vehicles	Total
			£	£
		Cost or revaluation

		Additions	10,880	10,880



		At 31 December 2025	10,880	10,880
		Depreciation

		Charge for the year	2,720	2,720



		At 31 December 2025	2,720	2,720
		Net book values
		At 31 December 2025	8,160	8,160

6	Investments
			Investment in Subsidiaries	Total
			£	£
		Cost or valuation
		At 1 January 2025	200	200



		At 31 December 2025	200	200
		Provisions/Impairment





		Net book values
		At 31 December 2025	200	200
		At 31 December 2024	200	200

7	Debtors
			2025	2024
			£	£
		Trade debtors	32,289	25,054





		Other debtors	1,651	403,691
		Prepayments and accrued income	-	2,318
			33,940	431,063

8	Creditors:
		amounts falling due within one year
			2025	2024
			£	£

		Bank loans and overdrafts	1,153	4,700


		Trade creditors	4,730	59,150

		Taxes and social security	89,292	111,495
		Loans from directors	35,261	-
		Other creditors	11,874	-
		Accruals and deferred income	(1)	-
			142,309	175,345

9	Creditors:
		amounts falling due after more than one year
			2025	2024
			£	£

		Bank loans and overdrafts	5,042	5,848



		Amounts owed to group undertakings	-	57,665


			5,042	63,513

Share Capital

The share capital comprises 100 £1 ordinary shares, allocated, called up and fully paid.

Reserves

The profit and loss account includes all current and prior period retained profits and losses.

12	Dividends
			2025	2024
			£	£
		Dividends for the period:
		Dividends paid in the period	185,400	-

			185,400	-

		Dividends by type:

		Equity dividends	185,400	-
			185,400	-