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REGISTERED NUMBER: 10247418 (England and Wales)















Financial Statements for the Period 1st July 2022 to 31st October 2023

for

Connell Electrics Ltd

Connell Electrics Ltd (Registered number: 10247418)






Contents of the Financial Statements
for the Period 1st July 2022 to 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Connell Electrics Ltd

Company Information
for the Period 1st July 2022 to 31st October 2023







DIRECTOR: D Connell





SECRETARY:





REGISTERED OFFICE: Ground Floor
Southway House
29 Southway
Colchester
Essex
CO2 7BA





REGISTERED NUMBER: 10247418 (England and Wales)

Connell Electrics Ltd (Registered number: 10247418)

Balance Sheet
31st October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,529

CURRENT ASSETS
Debtors 5 9,628 469
Cash at bank 1,188 10,671
10,816 11,140
CREDITORS
Amounts falling due within one year 6 10,693 14,503
NET CURRENT ASSETS/(LIABILITIES) 123 (3,363 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

123

(1,834

)

PROVISIONS FOR LIABILITIES - 291
NET ASSETS/(LIABILITIES) 123 (2,125 )

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 21 (2,227 )
123 (2,125 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Connell Electrics Ltd (Registered number: 10247418)

Balance Sheet - continued
31st October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4th March 2024 and were signed by:





D Connell - Director


Connell Electrics Ltd (Registered number: 10247418)

Notes to the Financial Statements
for the Period 1st July 2022 to 31st October 2023

1. STATUTORY INFORMATION

Connell Electrics Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

Connell Electrics Ltd (Registered number: 10247418)

Notes to the Financial Statements - continued
for the Period 1st July 2022 to 31st October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2022 3,786
Disposals (3,786 )
At 31st October 2023 -
DEPRECIATION
At 1st July 2022 2,257
Charge for period 765
Eliminated on disposal (3,022 )
At 31st October 2023 -
NET BOOK VALUE
At 31st October 2023 -
At 30th June 2022 1,529

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 9,628 469

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 8,617 7,743
Other creditors 2,076 6,760
10,693 14,503

Connell Electrics Ltd (Registered number: 10247418)

Notes to the Financial Statements - continued
for the Period 1st July 2022 to 31st October 2023

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31st October 2023 and the year ended 30th June 2022:

2023 2022
£    £   
D Connell
Balance outstanding at start of period - -
Amounts advanced 8,192 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 8,192 -

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the company director.