Network Intellect Limited - Accounts to registrar (filleted) - small 18.2

Network Intellect Limited - Accounts to registrar (filleted) - small 18.2

NETWORK INTELLECT LIMITED - Company Information

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REGISTERED NUMBER: 04933980 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

Network Intellect Limited
Network Intellect Limited (Registered number: 04933980)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 4

Network Intellect Limited

COMPANY INFORMATION
for the Year Ended 31 March 2019







DIRECTORS: Mr J D Sorrell
Mrs J E Sorrell





REGISTERED OFFICE: Units SCF 1 & 2
Western International Market
Hayes Road
Southall
Middlesex
UB2 5XJ





REGISTERED NUMBER: 04933980 (England and Wales)





ACCOUNTANTS: Cooper Dawn Jerrom Limited
Chartered Accountants
Units SCF 1 & 2
Western International Market
Hayes Road
Southall
Middlesex
UB2 5XJ
Page 1
Network Intellect Limited (Registered number: 04933980)

BALANCE SHEET
31 March 2019

31.3.19 31.3.18
Notes £    £   
CURRENT ASSETS
Debtors 4 52,767 40,231
Cash at bank 128,184 120,697
180,951 160,928
CREDITORS
Amounts falling due within one year 5 116,932 101,335
NET CURRENT ASSETS 64,019 59,593
TOTAL ASSETS LESS CURRENT
LIABILITIES
64,019
59,593

CAPITAL AND RESERVES
Called up share capital 123 123
Retained earnings 63,896 59,470
SHAREHOLDERS' FUNDS 64,019 59,593

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 15 July 2019 and were signed on its behalf by:





Mr J D Sorrell - Director


The notes form part of these financial statements

Page 2
Network Intellect Limited (Registered number: 04933980)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2019

1. STATUTORY INFORMATION

Network Intellect Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2018 - 5 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Trade debtors 52,412 37,548
Other debtors 355 2,683
52,767 40,231

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Trade creditors 1,431 4,410
Amounts owed to group undertakings 25,000 22,000
Taxation and social security 28,277 24,290
Other creditors 62,224 50,635
116,932 101,335

6. RELATED PARTY DISCLOSURES

There were no transactions that need to be disclosed under the Financial Reporting Standard 102 1A for Small
Entities (Effective January January 2016) except as disclose below.

Jamax Limited the ultimate holding company provides in which JD Sorrell is a Director and shareholder
provides administration and support costs to Network Intellect Limited. During the year £37040 (2018: £37040)
was paid.

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J D Sorrell.

Page 3
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NETWORK INTELLECT LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to
file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements
and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Network Intellect Limited for the year ended 31 March 2019 which comprise the Income
Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records
and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Network Intellect Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Network Intellect Limited and state those matters that we have agreed to state to the Board of Directors of Network Intellect Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Network Intellect Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Network Intellect Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Network Intellect Limited. You consider that Network Intellect Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Network Intellect Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Dawn Jerrom Limited
Chartered Accountants
Units SCF 1 & 2
Western International Market
Hayes Road
Southall
Middlesex
UB2 5XJ


15 July 2019

This page does not form part of the statutory financial statements

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