CONNEXCEL LIMITED

Company Registration Number:
07872610 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

CONNEXCEL LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

CONNEXCEL LIMITED

Balance sheet

As at 30 June 2023


Notes

2023

18 months to 30 June 2022


£

£
Fixed assets
Tangible assets: 3 33,798 30,597
Total fixed assets: 33,798 30,597
Current assets
Debtors:   258,210 271,294
Cash at bank and in hand: 515,520 247,168
Total current assets: 773,730 518,462
Creditors: amounts falling due within one year: 4 (131,776) (57,441)
Net current assets (liabilities): 641,954 461,021
Total assets less current liabilities: 675,752 491,618
Creditors: amounts falling due after more than one year: 5 (587,016) (427,016)
Total net assets (liabilities): 88,736 64,602
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 88,636 64,502
Shareholders funds: 88,736 64,602

The notes form part of these financial statements

CONNEXCEL LIMITED

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 February 2024
and signed on behalf of the board by:

Name: Mr G Zhang
Status: Director

The notes form part of these financial statements

CONNEXCEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration, received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from sale of goods is recognised when the significant risks and rewards of ownership have transferred to buyer, usually on despatch of goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Depreciation is provided at the rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:Plant and machinery -25% reducing balance

CONNEXCEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 18 months to 30 June 2022
Average number of employees during the period 12 8

CONNEXCEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible Assets

Total
Cost £
At 01 July 2022 44,380
Additions 14,468
At 30 June 2023 58,848
Depreciation
At 01 July 2022 13,783
Charge for year 11,267
At 30 June 2023 25,050
Net book value
At 30 June 2023 33,798
At 30 June 2022 30,597

CONNEXCEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Creditors: amounts falling due within one year note

Bank loan and overdraft 109277Corporation tax 1315Social security and other tax 16684Other creditors 4500 ----------- 131776 -----------

CONNEXCEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Creditors: amounts falling due after more than one year note

Other creditors 587016