Conntec International Limited 04502284 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is the provision of representation services and sales agency in the field of military and aerospace interconnect systems. Digita Accounts Production Advanced 6.30.9574.0 true true 04502284 2022-07-01 2023-06-30 04502284 2023-06-30 04502284 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 04502284 core:OfficeEquipment 2023-06-30 04502284 bus:SmallEntities 2022-07-01 2023-06-30 04502284 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 04502284 bus:FullAccounts 2022-07-01 2023-06-30 04502284 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 04502284 bus:RegisteredOffice 2022-07-01 2023-06-30 04502284 bus:Director1 2022-07-01 2023-06-30 04502284 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 04502284 core:OfficeEquipment 2022-07-01 2023-06-30 04502284 countries:EnglandWales 2022-07-01 2023-06-30 04502284 2022-06-30 04502284 core:OfficeEquipment 2022-06-30 04502284 2021-07-01 2022-06-30 04502284 2022-06-30 04502284 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 04502284 core:OfficeEquipment 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 04502284

Conntec International Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

Conntec International Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 4

 

Conntec International Limited

(Registration number: 04502284)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

511

684

Current assets

 

Cash at bank and in hand

 

39,869

41,094

Creditors: Amounts falling due within one year

5

(1,116)

(1,404)

Net current assets

 

38,753

39,690

Net assets

 

39,264

40,374

Capital and reserves

 

Called up share capital

2

2

Retained earnings

39,262

40,372

Shareholders' funds

 

39,264

40,374

For the financial year ending 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; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 November 2023
 

.........................................
Mr D A Campion
Director

 

Conntec International Limited

Notes to the Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of military and aerospace consultancy services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

 

Conntec International Limited

Notes to the Financial Statements for the Year Ended 30 June 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 July 2022

8,374

8,374

At 30 June 2023

8,374

8,374

Depreciation

At 1 July 2022

7,690

7,690

Charge for the year

173

173

At 30 June 2023

7,863

7,863

Carrying amount

At 30 June 2023

511

511

At 30 June 2022

684

684

 

Conntec International Limited

Notes to the Financial Statements for the Year Ended 30 June 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Other creditors

1,116

1,404

6

Related party transactions

Other transactions with the director

D A Campion (director) had a loan with the company. At the balance sheet date the amount due to D A Campion was £366 (2022: £654)