Registered number
08004882
Connect Mobile Radio Limited
Report and Accounts
30 April 2023
Accountancy 4 Wealth Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Connect Mobile Radio Limited
Registered number: 08004882
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,374 2,186
Current assets
Stocks 20,671 7,798
Debtors 4 31,026 28,124
Cash at bank and in hand 957 2,286
52,654 38,208
Creditors: amounts falling due within one year 5 (46,944) (28,019)
Net current assets 5,710 10,189
Total assets less current liabilities 7,084 12,375
Creditors: amounts falling due after more than one year 6 (6,894) (9,472)
Provisions for liabilities (261) (415)
Net (liabilities)/assets (71) 2,488
Capital and reserves
Called up share capital 100 100
Profit and loss account (171) 2,388
Shareholders' funds (71) 2,488
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M H Mullins
Director
Approved by the board on 15 November 2023
Connect Mobile Radio Limited
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2022 4,065
At 30 April 2023 4,065
Depreciation
At 1 May 2022 1,879
Charge for the year 812
At 30 April 2023 2,691
Net book value
At 30 April 2023 1,374
At 30 April 2022 2,186
4 Debtors 2023 2022
£ £
Trade debtors 27,416 24,538
Other debtors 3,610 3,586
31,026 28,124
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,789 3,000
Trade creditors 17,591 6,847
Corporation tax 8,013 5,130
Other taxes and social security costs 7,210 7,315
Other creditors 11,341 5,727
46,944 28,019
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 6,894 9,472
7 Related party transactions
There are no related party transactions
8 Controlling party
The company is controlled by its directors who are the shareholders.
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