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 2020

FOR

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






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Network Intellect Limited

COMPANY INFORMATION
for the Year Ended 31 March 2020







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 2020

31.3.20 31.3.19
Notes £    £   
CURRENT ASSETS
Debtors 4 4,679 52,767
Cash at bank 126,904 128,184
131,583 180,951
CREDITORS
Amounts falling due within one year 5 68,195 116,932
NET CURRENT ASSETS 63,388 64,019
TOTAL ASSETS LESS CURRENT
LIABILITIES
63,388
64,019

CAPITAL AND RESERVES
Called up share capital 123 123
Retained earnings 63,265 63,896
SHAREHOLDERS' FUNDS 63,388 64,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 17 July 2020 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 2020

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 6 (2019 - 5 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Trade debtors 4,656 52,412
Other debtors 23 355
4,679 52,767

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Trade creditors 3,459 1,431
Amounts owed to group undertakings 27,250 25,000
Taxation and social security 26,137 28,277
Other creditors 11,349 62,224
68,195 116,932

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 in which JD Sorrell is a Director and shareholder provides
administration and support costs to Network Intellect Limited. During the year £37,040 (2019: £37,040) was paid.

Page 3 continued...
Network Intellect Limited (Registered number: 04933980)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2020

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J D Sorrell.

Page 4
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 2020 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


17 July 2020

This page does not form part of the statutory financial statements

Page 5