Company registration number 13530137 (England and Wales)
CONNECTIONS HUB LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
PAGES FOR FILING WITH REGISTRAR
CONNECTIONS HUB LIMITED
COMPANY INFORMATION
Directors
Mr JN Nixon
Mrs PM Nixon
Company number
13530137
Registered office
60 Stone Road
Uttoxeter
Staffordshire
ST14 7QW
Accountants
HSKSG
Lion Buildings
8 Market Place
Uttoxeter
Staffordshire
ST14 8HP
Business address
60 Stone Road
Uttoxeter
Staffordshire
ST14 7QW
CONNECTIONS HUB LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Statement of financial position
3 - 4
Notes to the financial statements
5 - 7
CONNECTIONS HUB LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JULY 2023
- 1 -

The directors present their annual report and financial statements for the year ended 31 July 2023.

Principal activities

The principal activity of the company continued to be that of recreational activities for the disabled.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr JN Nixon
Mrs PM Nixon
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr JN Nixon
Mrs PM Nixon
Director
Director
17 October 2023
CONNECTIONS HUB LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CONNECTIONS HUB LIMITED FOR THE YEAR ENDED 31 JULY 2023
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Connections Hub Limited for the year ended 31 July 2023 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Connections Hub Limited, as a body, in accordance with the terms of our engagement letter dated 11 August 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Connections Hub Limited and state those matters that we have agreed to state to the board of directors of Connections Hub Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Connections Hub Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Connections Hub Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Connections Hub Limited. You consider that Connections Hub Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Connections Hub Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HSKSG
17 October 2023
Chartered Accountants
Lion Buildings
8 Market Place
Uttoxeter
Staffordshire
ST14 8HP
CONNECTIONS HUB LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023
31 July 2023
- 3 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
343
-
0
Tangible assets
4
22,035
24,928
22,378
24,928
Current assets
Debtors
10,166
3,342
Cash at bank and in hand
23,067
25,219
33,233
28,561
Creditors: amounts falling due within one year
(52,166)
(48,184)
Net current liabilities
(18,933)
(19,623)
Total assets less current liabilities
3,445
5,305
Provisions for liabilities
(2,380)
(4,736)
Net assets
1,065
569
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
965
469
Total equity
1,065
569

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 July 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.

CONNECTIONS HUB LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023
31 July 2023
- 4 -
The financial statements were approved by the board of directors and authorised for issue on 17 October 2023 and are signed on its behalf by:
Mr JN Nixon
Mrs PM Nixon
Director
Director
Company Registration No. 13530137
CONNECTIONS HUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
- 5 -
1
Accounting policies
Company information

Connections Hub Limited is a private company limited by shares incorporated in England and Wales. The registered office is 60 Stone Road, Uttoxeter, Staffordshire, ST14 7QW.

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 are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Intangible fixed assets other than goodwill
Patents & licences
Enter amortisation rate via StatDB - cd999268
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% reducing balance
Fixtures and fittings
20% reducing balance
Computer equipment
15% reducing balance
Motor vehicles
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

CONNECTIONS HUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Intangible fixed assets
Total
£
Cost
At 1 August 2022
-
0
Additions
429
At 31 July 2023
429
Amortisation and impairment
At 1 August 2022
-
0
Amortisation charged for the year
86
At 31 July 2023
86
Carrying amount
At 31 July 2023
343
At 31 July 2022
-
0
CONNECTIONS HUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 7 -
4
Tangible fixed assets
Total
£
Cost
At 1 August 2022
30,326
Additions
1,816
At 31 July 2023
32,142
Depreciation and impairment
At 1 August 2022
5,398
Depreciation charged in the year
4,709
At 31 July 2023
10,107
Carrying amount
At 31 July 2023
22,035
At 31 July 2022
24,928
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
6
Director's overdrawn loan note

The amount owed by the director is shown within debtors. The company charges interest on overdrawn directors loan account balances at HMRC's official rate of interest.

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