NETWORK SMART SYSTEM LTD - Accounts

NETWORK SMART SYSTEM LTD - Accounts

NETWORK SMART SYSTEM LTD - Company Information

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Registered Number: 12753316
England and Wales

 

 

 

NETWORK SMART SYSTEM LTD


Abridged Accounts
 


Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

NETWORK SMART SYSTEM LTD
Contents Page
For the year ended 30 June 2023
  2023   2022
    £ £   £ £
Current assets 7,353      8,621   
Prepayments and accrued income 200      0   
Creditors: amount falling due within one year (8,430)     (8,543)  
Net current liabilities   (877)     78 
Total assets less current liabilities   (877)     78 
Net liabilities   (877)     78 
 

         
Capital and reserves   (877)     78 
 
NOTES TO THE ACCOUNTS

General Information
NETWORK SMART SYSTEM LTD is a private company, limited by shares, registered in England and Wales, registration number 12753316, registration address 17 Prentice Way, Ipswich, IP3 8GH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 1).


For the year ended 30 June 2023 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 year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 26 March 2024 and were signed by:


--------------------------------
Mikolaj Piotr Kubacki
Director
1