Accounts Submission

GNETWORK SERVICES LTD - Company Information

Company Accounts and Tax Online 08561689 Board of Directors 1.7.21 30.6.22 30.6.22 No description of principal activity false iso4217:GBP xbrli:pure 08561689 2020-07-01 2021-06-30 08561689 2022-06-30 08561689 2021-07-01 2022-06-30 08561689 2021-06-30 08561689 countries:EnglandWales 2021-07-01 2022-06-30 08561689 curr:PoundSterling 2021-07-01 2022-06-30 08561689 uk-bus:PrivateLimitedCompanyLtd 2021-07-01 2022-06-30 08561689 uk-bus:FRS102 2021-07-01 2022-06-30 08561689 uk-bus:AuditExempt-NoAccountantsReport 2021-07-01 2022-06-30 08561689 uk-bus:FullAccounts 2021-07-01 2022-06-30 08561689 uk-bus:RegisteredOffice 2021-07-01 2022-06-30 08561689 uk-bus:Director1 2021-07-01 2022-06-30 08561689 uk-bus:Director1 2021-07-01 08561689 uk-bus:Director1 2022-06-30 08561689 uk-bus:Director2 2021-07-01 2022-06-30 08561689 uk-bus:Director2 2021-07-01 08561689 uk-bus:Director2 2022-06-30 08561689 core:AfterOneYear 2022-06-30 08561689 core:AfterOneYear 2021-06-30 08561689 core:WithinOneYear 2022-06-30 08561689 core:WithinOneYear 2021-06-30 08561689 core:WithinOneYear 2021-07-01 2022-06-30 08561689 core:AfterOneYear 2022-06-30 08561689 core:AfterOneYear 2021-06-30 08561689 core:AfterOneYear 2021-07-01 2022-06-30 08561689 core:ShareCapital 2022-06-30 08561689 core:ShareCapital 2021-06-30 08561689 core:RevaluationReserve 2022-06-30 08561689 core:RevaluationReserve 2021-06-30 08561689 core:RetainedEarningsAccumulatedLosses 2022-06-30 08561689 core:RetainedEarningsAccumulatedLosses 2021-06-30 08561689 1 2021-07-01 2022-06-30 08561689 core:LandBuildings 2021-07-01 2022-06-30 08561689 core:LandBuildings 2022-06-30 08561689 core:LandBuildings 2020-07-01 2021-06-30 08561689 core:LandBuildings 2021-06-30 08561689 core:PlantMachinery 2021-07-01 2022-06-30 08561689 core:PlantMachinery 2022-06-30 08561689 core:PlantMachinery 2020-07-01 2021-06-30 08561689 core:PlantMachinery 2021-06-30 08561689 core:FurnitureFittingsToolsEquipment 2021-07-01 2022-06-30 08561689 core:FurnitureFittingsToolsEquipment 2022-06-30 08561689 core:FurnitureFittingsToolsEquipment 2020-07-01 2021-06-30 08561689 core:FurnitureFittingsToolsEquipment 2021-06-30 08561689 core:OfficeEquipment 2021-07-01 2022-06-30 08561689 core:OfficeEquipment 2022-06-30 08561689 core:OfficeEquipment 2020-07-01 2021-06-30 08561689 core:OfficeEquipment 2021-06-30 08561689 core:Vehicles 2021-07-01 2022-06-30 08561689 core:Vehicles 2022-06-30 08561689 core:Vehicles 2020-07-01 2021-06-30 08561689 core:Vehicles 2021-06-30 08561689 core:NetGoodwill 2021-07-01 2022-06-30 08561689 core:NetGoodwill 2022-06-30 08561689 core:NetGoodwill 2020-07-01 2021-06-30 08561689 core:NetGoodwill 2021-06-30 08561689 core:IntangibleAssetsOtherThanGoodwill 2021-07-01 2022-06-30 08561689 core:IntangibleAssetsOtherThanGoodwill 2022-06-30 08561689 core:IntangibleAssetsOtherThanGoodwill 2020-07-01 2021-06-30 08561689 core:IntangibleAssetsOtherThanGoodwill 2021-06-30

Company Registration Number:
08561689 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2022

Period of accounts

Start date: 01 July 2021

End date: 30 June 2022

Contents of the Financial Statements

for the Period Ended 30 June 2022


Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

Directors' Report Period Ended 30 June 2022

The directors present their report with the financial statements of the company for the period ended 30 June 2022

Directors

The directors shown below have held office during the whole of the period from 01 July 2021 to 30 June 2022
Kehinde Makinwa
Gbenga Oke

This report was approved by the board of directors on 30 March 2023
And Signed On Behalf Of The Board By:

Name: Kehinde Makinwa
Status: Director

Name: Gbenga Oke
Status: Director

Profit and Loss Account

for the Period Ended 30 June 2022

	2022 £	2021 £
Turnover	73,512	28,674
Cost of sales	( 29,528 )	( 8,529 )
Gross Profit or (Loss)	43,984	20,145
Administrative Expenses	( 42,233 )	( 19,932 )
Operating Profit or (Loss)	1,751	213
Profit or (Loss) Before Tax	1,751	213
Tax on Profit	( 409 )	( 116 )
Profit or (Loss) for Period	1,342	97

The notes form part of these financial statements

Balance sheet

As at 30 June 2022

	Notes	2022 £	2021 £
Fixed assets
Tangible assets:	4	950	1,350
Total fixed assets:		950	1,350
Current assets
Debtors:	5		20,176
Cash at bank and in hand:		29,418	169
Total current assets:		29,418	20,345
Creditors: amounts falling due within one year:	6	( 9,330 )	( 117 )
Net current assets (liabilities):		20,088	20,228
Total assets less current liabilities:		21,038	21,578
Creditors: amounts falling due after more than one year:	7	( 18,118 )	( 20,000 )
Total net assets (liabilities):		2,920	1,578

The notes form part of these financial statements

Balance sheet continued

As at 30 June 2022

	2022 £	2021 £
Capital and reserves
Called up share capital:	1	1
Profit and loss account:	2,919	1,577
Shareholders funds:	2,920	1,578

For the year ending 30 June 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

This report was approved by the board of directors on 30 March 2023
And Signed On Behalf Of The Board By:

Name: Kehinde Makinwa
Status: Director

Name: Gbenga Oke
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 30 June 2022

1. Accounting policies

Basis of measurement and preparation

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Notes to the Financial Statements

for the Period Ended 30 June 2022

2. Employees

	2022	2021
Average number of employees during the period	1	1

Notes to the Financial Statements

for the Period Ended 30 June 2022

3. Off balance sheet disclosure

No

Notes to the Financial Statements

for the Period Ended 30 June 2022

4. Tangible assets

	Office equipment	Total
Cost	£	£
At 01 July 2021	2,550	2,550
Additions	-	-
Disposals	-	-
Revaluations	-	-
Transfers	-	-
At 30 June 2022	2,550	2,550
Depreciation
At 01 July 2021	1,200	1,200
Charge for year	400	400
On disposals	-	-
Other adjustments	-	-
At 30 June 2022	1,600	1,600
Net book value
At 30 June 2022	950	950
At 30 June 2021	1,350	1,350

Notes to the Financial Statements

for the Period Ended 30 June 2022

5. Debtors

	2022 £	2021 £
Other debtors		20,176
Total		20,176

Notes to the Financial Statements

for the Period Ended 30 June 2022

6.Creditors: amounts falling due within one year note

	2022 £	2021 £
Taxation and social security	409	117
Other creditors	8,921
Total	9,330	117

Notes to the Financial Statements

for the Period Ended 30 June 2022

7.Creditors: amounts falling due after more than one year

	2022 £	2021 £
Bank loans and overdrafts	18,118	20,000
Total	18,118	20,000

Director:		Kehinde Makinwa
		Gbenga Oke


Registered office:		71 Bismore Road Banbury England OX16 1JN


Company Registration Number:		08561689 (England and Wales)

Accounts Submission