DE Connexions Ltd Filleted Accounts Cover
DE Connexions Ltd
Company No. 08813109
Information for Filing with The Registrar
31 December 2022
DE Connexions Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 December 2022.
Principal activities
The principal activity of the company during the year under review was that of supplying nursing and other staff to nursing and residential homes.
Directors
The Directors who served at any time during the year were as follows:
Lizzy Doubara Tuaweri
Martin Itumoh
(Resigned 7 November 2022)
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
Lizzy Doubara Tuaweri
Director
17 October 2023
DE Connexions Ltd Balance Sheet Registrar
at
31 December 2022
Company No.
08813109
Notes
2022
2021
£
£
Fixed assets
Intangible assets
5
2,4004,800
Tangible assets
6
1,814752
4,2145,552
Current assets
Debtors
7
78,39182,359
Cash at bank and in hand
2,566414
80,95782,773
Creditors: Amount falling due within one year
8
(31,175)
(39,793)
Net current assets
49,78242,980
Total assets less current liabilities
53,99648,532
Creditors: Amounts falling due after more than one year
9
(40,079)
(44,482)
Net assets
13,9174,050
Capital and reserves
Called up share capital
100100
Profit and loss account
11
13,8173,950
Total equity
13,9174,050
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 17 October 2023
And signed on its behalf by:
Lizzy Doubara Tuaweri
Director
17 October 2023
DE Connexions Ltd Notes to the Accounts Registrar
for the year ended 31 December 2022
1
General information
Its registered number is: 08813109
Its registered office is:
92 Rolleston Drive
Arnold
Nottingham
NG5 7JP
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
Going concern
The financal statements have been prepared on the going concern basis.
2
Accounting policies
Turnover
Turnover represents the fair value of the consideration receivable in respect of services provided during the year. Where the outcome of a transaction can be estimated reliably, revenue associated with the transaction is recognised in the income statement by reference to the stage of completion at the year end.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
25% Straight line
Furniture, fittings and equipment
20% Straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Financial instruments
Financial assets
Basic financial assets, including trade and other receivables and cash and bank balances, are recognised and carried forward at transaction price. Financial assets are derecognised when:
(a) The contractual rights to the cash flows from the asset expire or are settled;
(b) Substantially all the risks and rewards of the ownership of the asset are transferred to another party; or
(c) Control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities
Basic financial liabilities, including trade and other payables, and loans from third parties are initially recognised and carried forward at transaction price.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
The company has only financial assets and financial liabilities of a kind that qualify as a basic financial instruments. Basic financial instruments are recognised initially at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest rate method.
Grants receivable
Grants from the government are recognised at their fair value when there is a reasonable assurance that the grant will be received and the company will comply with the relevant conditions.
Amounts receivable are recognised in the Profit and Loss account Grant accounting has been applied to the amount receivable under the Job Retention Scheme, the Small Business Support Grant and the interest paid by the government in respect of the Business Bounce-Back Loan.
The company has also taken advantage of government assistance in the form of the deferral of the payment of tax liabilities.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2022
2021
Number
Number
The average monthly number of employees (including directors) during the year was:
66
4
Other operating income:
2022
2021
£
£
Rental Income
-
8,000
Coronavirus Job Retention Scheme grants
193
27,834
193
35,834
5
Intangible fixed assets
Goodwill
Total
£
£
Cost
At 1 January 2022
52,00052,000
At 31 December 2022
52,00052,000
Amortisation and impairment
At 1 January 2022
47,20047,200
Charge for the year
2,4002,400
At 31 December 2022
49,60049,600
Net book values
At 31 December 2022
2,4002,400
At 31 December 2021
4,8004,800
6
Tangible fixed assets
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 January 2022
2,0502,8144,864
Additions
-1,6301,630
At 31 December 2022
2,0504,4446,494
Depreciation
At 1 January 2022
2,0502,0624,112
Charge for the year
-568568
At 31 December 2022
2,0502,6304,680
Net book values
At 31 December 2022
-1,8141,814
At 31 December 2021
-
752
752
7
Debtors
2022
2021
£
£
Trade debtors
35,98550,907
Corporation tax recoverable
7,4767,476
Loans to directors
29,53919,674
Other debtors
5,3914,302
78,39182,359
8
Creditors:
amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
5,51811,590
Trade creditors
1,0401,040
Taxes and social security
22,529
25,020
Other creditors
71126
Accruals and deferred income
2,0172,017
31,17539,793
9
Creditors:
amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
40,07944,482
40,07944,482
Liabilities repayable in more than five years after the balance sheet date
Amount repayable by instalments
-
4,402
-4,402
10
Share Capital
Share capital consists of 100 Ordinary Shares of £1 each
11
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
12
Directors loan
The following loans to directors subsisted during the year.
1. Mrs L Tuaweri, balance at 31 December 2022 £22,860 (2021 £12,995) the maximum balance outstanding during the year was £22,860.
2. Mr M Itumoh, balance at date of cessation of directorship and at 31 December 2021 was £6,678.74 which was the maximum balance outstanding during the year.
The balances are unsecured, free of interest and repayable upon demand.
13
Dividends
2022
2021
£
£
Dividends for the period:
Dividends paid in the period
20,000
15,000
20,000
15,000
Dividends by type:
Equity dividends
20,00015,000
20,000
15,000
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