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Registered number: 12401170
Fibre Networking Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2026
MGAccounts Limited
16 Eastern Avenue
Mitcheldean
Glos
GL17 0DF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12401170
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,612,936 483,537
1,612,936 483,537
CURRENT ASSETS
Debtors 5 1,430,955 2,499,207
Cash at bank and in hand 343,815 306,560
1,774,770 2,805,767
Creditors: Amounts Falling Due Within One Year 6 (522,103 ) (403,161 )
NET CURRENT ASSETS (LIABILITIES) 1,252,667 2,402,606
TOTAL ASSETS LESS CURRENT LIABILITIES 2,865,603 2,886,143
Creditors: Amounts Falling Due After More Than One Year 7 1,330,769 (94,178 )
NET ASSETS 4,196,372 2,791,965
CAPITAL AND RESERVES
Called up share capital 9 20,000 20,000
Profit and Loss Account 4,176,372 2,771,965
SHAREHOLDERS' FUNDS 4,196,372 2,791,965
Page 1
Page 2
For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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 Alan Lewis
Director
15/10/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fibre Networking Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12401170 . The registered office is Brookfield Cottage Sterrys Lane, Gorsley, Ross-On-Wye, HR9 7AH.
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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:
Freehold 5 yr SL
Plant & Machinery 3 yr SL
Motor Vehicles 3 yr SL
Fixtures & Fittings 3 yr SL
Computer Equipment 3 yr SL
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2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. 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.
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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 27 (2025: 24)
27 24
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 February 2025 47,411 451,680 1,002,902 209,219 1,711,212
Additions 1,226,101 132,868 180,595 16,988 1,556,552
Disposals - - (29,348 ) - (29,348 )
As at 31 January 2026 1,273,512 584,548 1,154,149 226,207 3,238,416
Depreciation
As at 1 February 2025 37,143 356,283 689,676 144,573 1,227,675
Provided during the period 3,422 89,357 283,731 33,115 409,625
Disposals - - (11,820 ) - (11,820 )
As at 31 January 2026 40,565 445,640 961,587 177,688 1,625,480
Net Book Value
As at 31 January 2026 1,232,947 138,908 192,562 48,519 1,612,936
As at 1 February 2025 10,268 95,397 313,226 64,646 483,537
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 647,905 49,454
Prepayments and accrued income 107 107
Retention 774,793 449,211
Staff loans 8,150 8,150
Other taxes and social security - 265,808
Net wages - 13,577
1,430,955 786,307
Due after more than one year
Other debtors - 1,712,900
1,430,955 2,499,207
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6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts - 51,409
Trade creditors 1 -
Bank loans and overdrafts 74,504 32,822
Other loans (227,330 ) (15,007 )
Corporation tax 156,670 -
Other taxes and social security 15,690 -
VAT 493,391 326,838
Pension 6,577 5,599
Accruals and deferred income 2,600 1,500
522,103 403,161
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 56,791 -
Other loans (1,437,657 ) -
Director's loan account 50,097 94,178
(1,330,769 ) 94,178
8. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 51,409
Later than one year and not later than five years 56,791 -
56,791 51,409
56,791 51,409
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 20,000 20,000
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