Company Registration No. 10449745 (England and Wales)
Connect Direct Shipping Ltd
Unaudited accounts
for the year ended 31 October 2023
Connect Direct Shipping Ltd
Unaudited accounts
Contents
Connect Direct Shipping Ltd
Company Information
for the year ended 31 October 2023
Company Number
10449745 (England and Wales)
Registered Office
90 North Down Road
Hatfield
AL10 8SW
Accountants
Connect Advisory Partners Ltd
Crown House
27 Old Gloucester Street
London
Greater London
WC1N 3AX
Connect Direct Shipping Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
23,183
28,978
Cash at bank and in hand
11,094
38,499
Creditors: amounts falling due within one year
(71,214)
(100,711)
Net current liabilities
(8,778)
(7,657)
Total assets less current liabilities
14,405
21,321
Creditors: amounts falling due after more than one year
(15,040)
(19,892)
Net (liabilities)/assets
(635)
1,429
Called up share capital
100
100
Profit and loss account
(735)
1,329
Shareholders' funds
(635)
1,429
For the year ending 31 October 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 September 2023 and were signed on its behalf by
Oliver Attoh
Director
Company Registration No. 10449745
Connect Direct Shipping Ltd
Notes to the Accounts
for the year ended 31 October 2023
Connect Direct Shipping Ltd is a private company, limited by shares, registered in England and Wales, registration number 10449745. The registered office is 90 North Down Road, Hatfield, AL10 8SW .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
Depreciaion is 20% on reducing blanace
4
Tangible fixed assets
Motor vehicles
Amounts falling due within one year
Trade debtors
45,102
31,473
Accrued income and prepayments
-
25
Connect Direct Shipping Ltd
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,540
4,100
Obligations under finance leases and hire purchase contracts
-
2,811
Taxes and social security
4,520
4,664
Other creditors
6,842
12,156
Loans from directors
47,811
64,987
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
5,223
9,300
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).