Network-6 Ltd
Network-6 Ltd
Registered number: 08313209
Unaudited Financial Statements
For The Year Ended 30 November 2018
Eljay & Co
Chartered Certified Accountants
Kinetic Business centre
Theobald Street
Borehamwood
Hertfordshire
WD6 4PJ
Network-6 Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2018
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Network-6 Ltd
Balance Sheet
As at
30 November 2018
Balance Sheet
Registered number:
08313209
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.
| 2018 | |||
|---|---|---|---|
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Debtors | 3 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 5 |
( |
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| NET ASSETS |
( |
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| CAPITAL AND RESERVES | |||
| Called up share capital | 6 |
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| Profit and Loss Account |
( |
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| SHAREHOLDERS' FUNDS | (18,841) | ||
Page 1
Network-6 Ltd
Balance Sheet (continued)
As at
30 November 2018
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
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Network-6 Ltd
Notes to the Financial Statements
For The Year Ended 30 November 2018
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 |
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| Prepayments and accrued income |
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| VAT |
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| Director's loan account | 1,060 |
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Page 3
Network-6 Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2018
4.
Creditors: Amounts Falling Due Within One Year
| 2018 | |
|---|---|
| £ | |
| Trade creditors |
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| Accruals and deferred income |
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5.
Creditors: Amounts Falling Due After More Than One Year
| 2018 | |
|---|---|
| £ | |
| Inter company loans |
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7.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at |
Amounts advanced | Amounts repaid | Amounts written off | As at |
|
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr Ronald Finch |
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- |
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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
Network-6 Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2018
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