Network-6 Ltd


Acorah Software Products - Accounts Production10.1.046falsetrue1 December 201730 November 201830 November 201808313209Mr Ronald 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Registered number: 08313209
Network-6 Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2018
Eljay & Co

Chartered Certified Accountants

Kinetic Business centre
Theobald Street
Borehamwood
Hertfordshire
WD6 4PJ
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Balance Sheet
Registered number: 08313209
2018
Notes £ £
CURRENT ASSETS
Debtors 3 15,087
Cash at bank and in hand 3,615
18,702
Creditors: Amounts Falling Due Within One Year 4 (13,288)
NET CURRENT ASSETS (LIABILITIES) 5,414
TOTAL ASSETS LESS CURRENT LIABILITIES 5,414
Creditors: Amounts Falling Due After More Than One Year 5 (24,255)
NET ASSETS (18,841)
CAPITAL AND RESERVES
Called up share capital 6 100
Profit and Loss Account (18,941)
SHAREHOLDERS' FUNDS (18,841)
Page 1
For the year ending 30 November 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities
  • 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 Ronald Finch
19th August 2019

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The company losses have been supported by the director.
1.3. 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.
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.
3. Debtors
2018
£
Due within one year
Trade debtors 7,241
Prepayments and accrued income 2,991
VAT 3,795
Director's loan account 1,060
15,087
Page 3
4. Creditors: Amounts Falling Due Within One Year
2018
£
Trade creditors 12,488
Accruals and deferred income 800
13,288
5. Creditors: Amounts Falling Due After More Than One Year
2018
£
Inter company loans 24,255
24,255
6. Share Capital
2018
Allotted, Called up and fully paid 100
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2017 Amounts advanced Amounts repaid Amounts written off As at 30 November 2018
£ £ £ £ £
Mr Ronald Finch - 1,060 - - 1,060
The above loan is unsecured, interest free and repayable on demand.
8. Related Party Transactions
Included within other long term creditors is a debt owed to The Dukes of Leisure Ltd, a company wholly owned by the director Ronald Finch.
During the year the company had inter company transactions with the following companies in which Ronal Finch the is a director, or also has a shareholding:

The Bread Station Ltd
East 10 Pub Company Ltd
Page 4
9. General Information
Network-6 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08313209. The registered office is 79 Nightingale Lane, London, E11 2EY.
Page 5