IRIS Accounts Production v24.1.4.33 06442158 director 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh064421582022-10-31064421582023-10-31064421582022-11-012023-10-31064421582021-10-31064421582021-11-012022-10-31064421582022-10-3106442158ns15:EnglandWales2022-11-012023-10-3106442158ns14:PoundSterling2022-11-012023-10-3106442158ns10:Director12022-11-012023-10-3106442158ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3106442158ns10:SmallEntities2022-11-012023-10-3106442158ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3106442158ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3106442158ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3106442158ns10:FullAccounts2022-11-012023-10-3106442158ns10:RegisteredOffice2022-11-012023-10-3106442158ns5:CurrentFinancialInstruments2023-10-3106442158ns5:CurrentFinancialInstruments2022-10-3106442158ns5:ShareCapital2023-10-3106442158ns5:ShareCapital2022-10-3106442158ns5:RetainedEarningsAccumulatedLosses2023-10-3106442158ns5:RetainedEarningsAccumulatedLosses2022-10-3106442158ns5:ComputerEquipment2022-11-012023-10-3106442158ns5:PlantMachinery2022-10-3106442158ns5:PlantMachinery2022-11-012023-10-3106442158ns5:PlantMachinery2023-10-3106442158ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3106442158ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-310644215812022-11-012023-10-31
REGISTERED NUMBER: 06442158 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Connell Data Ltd

Connell Data Ltd (Registered number: 06442158)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Connell Data Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr B F Sims





REGISTERED OFFICE: C/O Wilson Partners Limited
Tor
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN





REGISTERED NUMBER: 06442158 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Connell Data Ltd (Registered number: 06442158)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 752 -

CURRENT ASSETS
Debtors 5 115,120 125,904
Cash at bank 295,611 256,325
410,731 382,229
CREDITORS
Amounts falling due within one year 6 (74,430 ) (76,254 )
NET CURRENT ASSETS 336,301 305,975
TOTAL ASSETS LESS CURRENT LIABILITIES 337,053 305,975

PROVISIONS FOR LIABILITIES (188 ) -
NET ASSETS 336,865 305,975

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 336,863 305,973
336,865 305,975

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 July 2024 and were signed by:





Mr B F Sims - Director


Connell Data Ltd (Registered number: 06442158)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Connell Data 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Changes in accounting policies
These accounts reflect the first year that the company has adopted FRS 102. The presentation of the prior year financial statements was amended if and where necessary for the adoption of FRS 102 in the current year. There were no material adjustments arising.

Turnover
Turnover is measured at the fair value of the consideration receivable, net of discounts and value added tax. turnover represents revenue from the delivery of data management, analysis and development services.

Turnover is recognised in the month the services are performed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Connell Data Ltd (Registered number: 06442158)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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 year 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 5,120
Additions 1,038
Disposals (5,120 )
At 31 October 2023 1,038
DEPRECIATION
At 1 November 2022 5,120
Charge for year 286
Eliminated on disposal (5,120 )
At 31 October 2023 286
NET BOOK VALUE
At 31 October 2023 752

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 107,780 121,896
Other debtors 7,340 4,008
115,120 125,904

Connell Data Ltd (Registered number: 06442158)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 17,960 -
Taxation and social security 46,924 44,072
Other creditors 9,546 32,182
74,430 76,254

7. POST BALANCE SHEET EVENTS

On 27 November 2023, Tech City Labs (Holdings) Limited, a company in which Mr B F Sims is also a director, acquired 100% of the share capital of Connell Data Limited.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr B F Sims.