Registered number
09645943
Iconnect S & M Limited
Report and Accounts
30 June 2023
Iconnect S & M Limited
Registered number: 09645943
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Current assets
Stocks 4,496 4,348
Cash at bank and in hand 54,749 31,893
59,245 36,241
Creditors: amounts falling due within one year 3 (27,337) (14,771)
Net current assets 31,908 21,470
Total assets less current liabilities 31,908 21,470
Creditors: amounts falling due after more than one year 4 (10,741) (14,575)
Net assets 21,167 6,895
Capital and reserves
Called up share capital 100 100
Profit and loss account 21,067 6,795
Shareholders' funds 21,167 6,895
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.
Gurmeet Kaur
Director
Approved by the board on 30 October 2023
Iconnect S & M Limited
Notes to the Accounts
for the year ended 30 June 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 (as applied to small entities by section 1A of the standard).
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Creditors: amounts falling due within one year 2023 2022
£ £
Wages 1,185 -
Trade creditors 5,724 -
Corporation tax 5,050 2,018
Other taxes and social security costs 574 700
Other creditors 14,804 12,053
27,337 14,771
4 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 10,741 14,575
5 Other information
Iconnect S & M Limited is a private company limited by shares and incorporated in England. Its registered office is:
98 PRINCESS STREET
COVENTRY
CV6 5BU
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