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Company Registration No. 11743114 (England and Wales)
On Hardware - Manufacturing, Design & Solutions Ltd Unaudited accounts for the year ended 31 December 2022
On Hardware - Manufacturing, Design & Solutions Ltd Unaudited accounts Contents
Page
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On Hardware - Manufacturing, Design & Solutions Ltd Company Information for the year ended 31 December 2022
Directors
Conectid Limited Michalakis E. Christofi
Secretary
Conectid Limited
Company Number
11743114 (England and Wales)
Registered Office
Conectid Group 20 - 22 Wenlock Raod London England N1 7GU United Kingdom
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On Hardware - Manufacturing, Design & Solutions Ltd Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
132,716 
184,323 
Current assets
Inventories
60,580 
77,174 
Debtors
210,177 
45,766 
Cash at bank and in hand
34,698 
25,300 
305,455 
148,240 
Creditors: amounts falling due within one year
(119,476)
(105,987)
Net current assets
185,979 
42,253 
Total assets less current liabilities
318,695 
226,576 
Provisions for liabilities
Deferred tax
(30,000)
(15,000)
Other provisions
(20,000)
(20,000)
(50,000)
(35,000)
Net assets
268,695 
191,576 
Capital and reserves
Called up share capital
100,000 
100,000 
Profit and loss account
168,695 
91,576 
Shareholders' funds
268,695 
191,576 
For the year ending 31 December 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by
Conectid Limited Director Company Registration No. 11743114
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On Hardware - Manufacturing, Design & Solutions Ltd Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
On Hardware - Manufacturing, Design & Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 11743114. The registered office is Conectid Group, 20 - 22 Wenlock Raod, London, England, N1 7GU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20
Computer equipment
25
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On Hardware - Manufacturing, Design & Solutions Ltd Notes to the Accounts for the year ended 31 December 2022
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2022
247,507 
8,423 
255,930 
At 31 December 2022
247,507 
8,423 
255,930 
Depreciation
At 1 January 2022
69,501 
2,106 
71,607 
Charge for the year
49,501 
2,106 
51,607 
At 31 December 2022
119,002 
4,212 
123,214 
Net book value
At 31 December 2022
128,505 
4,211 
132,716 
At 31 December 2021
178,006 
6,317 
184,323 
5
Inventories
2022 
2021 
£ 
£ 
Raw materials
11,944 
26,353 
Work in progress
7,147 
15,920 
Finished goods
41,489 
34,901 
60,580 
77,174 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
52,218 
203 
Trade debtors
157,959 
45,563 
210,177 
45,766 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
49,476 
3,548 
Amounts owed to group undertakings and other participating interests
35,000 
55,000 
Accruals
35,000 
47,439 
119,476 
105,987 
8
Provisions for liabilities
£ 
At 1 January 2022
20,000 
At 31 December 2022
20,000 
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On Hardware - Manufacturing, Design & Solutions Ltd Notes to the Accounts for the year ended 31 December 2022
9
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
10,000 Ordinary shares of £10 each
100,000 
100,000 
10
Controlling party
Conectid Limited, a company incorporated in the United Kingdom with its registered address being: Conectid Group 400 Thames Valley Park Drive, Thames Valley Park, Reading, Berkshire, England, RG6 1PT
11
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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