Company Registration No. 12415053 (England and Wales)
DAY 1 CONNECTIVITY LTD
ABRIDGED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2023
DAY 1 CONNECTIVITY LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
DAY 1 CONNECTIVITY LTD
BALANCE SHEET
AS AT
31 JANUARY 2023
31 January 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
6
651
1,918
Investments
7
10,000
10,000
10,651
11,918
Current assets
Debtors
8
20,812
28,224
Cash at bank and in hand
24,676
53,597
45,488
81,821
Creditors: amounts falling due within one year
9
(45,581)
(59,990)
Net current (liabilities)/assets
(93)
21,831
Total assets less current liabilities
10,558
33,749
Creditors: amounts falling due after more than one year
10
(9,048)
(12,958)
Net assets
1,510
20,791
Capital and reserves
Called up share capital
8,000
8,000
Profit and loss reserves
(6,490)
12,791
Total equity
1,510
20,791

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

DAY 1 CONNECTIVITY LTD
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2023
31 January 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 5 October 2023 and are signed on its behalf by:
W P Hampton
Director
Company Registration No. 12415053
DAY 1 CONNECTIVITY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
- 3 -
1
Accounting policies
Company information

Day 1 Connectivity Ltd is a private company limited by shares incorporated in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture, fixtures and equipment
25% reducing balance
Computer equipment
33% straight line
2
Operating profit
2023
2022
Operating profit for the year is stated after charging:
£
£
Depreciation of owned tangible fixed assets
1,267
1,340
3
Employees

The average number of employees during the year was 2 (2022 - 2).

4
Taxation
2023
2022
£
£
Current tax
UK corporation tax on profits for the current period
21,094
27,894
5
Dividends
2023
2022
£
£
Ordinary shares of £1 each
Interim paid
107,890
180,271
DAY 1 CONNECTIVITY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 4 -
6
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2022 and 31 January 2023
4,308
Depreciation and impairment
At 1 February 2022
2,390
Depreciation charged in the year
1,267
At 31 January 2023
3,657
Carrying amount
At 31 January 2023
651
At 31 January 2022
1,918
7
Fixed asset investments
2023
2022
£
£
Unlisted investments
10,000
10,000
8
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
20,060
19,573
Other debtors
248
8,248
Prepayments
504
403
20,812
28,224
9
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
3,987
3,987
Trade creditors
6,007
-
0
Other creditors
-
0
233
Corporation tax
21,094
27,894
Other taxation and social security
9,350
18,486
Directors' current accounts
3,263
7,685
Accruals
1,880
1,705
45,581
59,990
DAY 1 CONNECTIVITY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 5 -
10
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans - 1-2 years
3,987
3,987
Bank loans - 2-5 years
5,061
8,971
9,048
12,958
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