Network Partnership Limited - Period Ending 2022-03-28

Network Partnership Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 4

Network Partnership Limited

(Registration number: 07186480)
Balance Sheet as at 28 March 2022

	Note	2022 £	2021 £
Fixed assets
Tangible assets	5	-	-
Current assets
Debtors	6	1,238	1,351
Cash at bank and in hand		820	3,301
		2,058	4,652
Creditors: Amounts falling due within one year	7	(45,083)	(42,493)
Net current liabilities		(43,025)	(37,841)
Total assets less current liabilities		(43,025)	(37,841)
Provisions for liabilities		(1)	(1)
Net liabilities		(43,026)	(37,842)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(43,126)	(37,942)
Total equity		(43,026)	(37,842)

For the financial period ending 28 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 July 2023
 

......................................... Mr L M Radcliffe Director

Network Partnership Limited

Notes to the Financial Statements for the Period from 31 March 2021 to 28 March 2022

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
25 Oakleigh Drive
Codsall
Wolverhampton
West Midlands
WV8 1JP

These financial statements were authorised for issue by the director on 31 July 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the balance sheet date the company had net liabilities of £43,026 (2021 - £37,842). The company relies upon the continued support of its director to whom at 28 March 2022 the company owed £7,004 (2021 - £4,414) . The director has no intention of withdrawing his support. Accordingly the director believe that the company will continue to operate for the foreseeable future. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the director's support.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	Fully written off

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	Fully amortised

Network Partnership Limited

Notes to the Financial Statements for the Period from 31 March 2021 to 28 March 2022

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2021 - 1).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 31 March 2021	115,000	115,000
At 28 March 2022	115,000	115,000
Amortisation
At 31 March 2021	115,000	115,000
At 28 March 2022	115,000	115,000
Carrying amount
At 28 March 2022	-	-

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 31 March 2021	961	961
At 28 March 2022	961	961
Depreciation
At 31 March 2021	961	961
At 28 March 2022	961	961
Carrying amount
At 28 March 2022	-	-

Network Partnership Limited

Notes to the Financial Statements for the Period from 31 March 2021 to 28 March 2022

6

Debtors

Current	2022 £	2021 £
Trade debtors	1,238	1,238
Prepayments	-	113
	1,238	1,351

7

Creditors

Creditors: amounts falling due within one year

	2022 £	2021 £
Due within one year
Trade creditors	780	780
Accruals and deferred income	780	780
Other creditors	43,523	40,933
	45,083	42,493