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
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
On Hardware - Manufacturing, Design & Solutions Ltd
Statement of financial position
as at 31 December 2022
Tangible assets
132,716
184,323
Cash at bank and in hand
34,698
25,300
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)
Net assets
268,695
191,576
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
On Hardware - Manufacturing, Design & Solutions Ltd
Notes to the Accounts
for the year ended 31 December 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
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
At 31 December 2022
128,505
4,211
132,716
At 31 December 2021
178,006
6,317
184,323
Raw materials
11,944
26,353
Work in progress
7,147
15,920
Finished goods
41,489
34,901
Amounts falling due within one year
Trade debtors
157,959
45,563
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
8
Provisions for liabilities
£
At 31 December 2022
20,000
On Hardware - Manufacturing, Design & Solutions Ltd
Notes to the Accounts
for the year ended 31 December 2022
Allotted, called up and fully paid:
10,000 Ordinary shares of £10 each
100,000
100,000
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).