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RAN NETWORK LTD - Company Information

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Registered number: 09261644

Ran Network Ltd

Unaudited Financial Statements

for the year ended 31 October 2022

Statement of Financial Position

as at 31 October 2022

2022

2021

Called up share capital not paid

Fixed assets

2,329

2,072

Current assets

145,187

119,199

Prepayments and accrued income

Creditors: amounts falling due within one year

( 32,001 )

( 24,769 )

Net current assets (liabilities)

113,186

94,430

Total assets less current liabilities

115,515

96,502

Creditors: amounts falling due after more than one year

Provisions for liabilities

Accruals and deferred income

Net assets

115,515

96,502

Capital and reserves

115,515

96,502

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Footnotes to the Statement of Financial Position

1. Arrangements not included in Statement of Financial Position

The company has not entered into any arrangements not shown on the Statement of Financial Position.

2. Average number of employees

The average number of employees in the period was 2.

3. Directors’ benefits: advances, credit and guarantees

Vipul Vajshi

Included in creditors is an amount due to be paid by the company to one of its directors. The amount is an advance made to the company of £3,986 by Vipul Vajshi, a director of the company, on 09/04/2022.

During the accounting year the maximum amount repayable to Vipul Vajshi was £7,324

The following conditions are attached to amount payable to Vipul Vajshi:

There is no interest due to be paid on any outstanding amount
No fixed date has been set for the amount to be repaid by the company.

Opening balance 01/11/2021	Additional advance	Amount repaid	Amount written off	Amounts waived	Interest payable	Closing balance 31/10/2022
£	£	£	£	£	£	£
0	( 13,378 ) ( 13,378 )	17,364 17,364	0	0	0	3,986

Nita Vajshi

During the accounting year Nita Vajshi, a director of the company received an advance from the company that was repaid by 31/10/2022.

The following conditions are attached to advances payable by Nita Vajshi:

There is no interest due to be paid on any outstanding amount
No fixed date has been set for the amount to be repaid to the company.

Opening balance 01/11/2021	Additional advance	Amount repaid	Amount written off	Amounts waived	Interest payable	Closing balance 31/10/2022
£	£	£	£	£	£	£
0	( 5,760 ) ( 5,760 )	5,760 5,760	0	0	0	0

4. Guarantees, contingencies and other financial commitments

There are no guarantees, contingencies or other commitments not included in the financial statements.

Statutory Statements

In accordance with section 414(3) of the Companies Act 2006, these accounts have been prepared in accordance with the FRS 105: The Financial Reporting Standard applicable to the Micro-entities Regime for periods commencing on or after 1 January 2016. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

For the year ending 31/10/2022 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts