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REGISTERED NUMBER: 11554183 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH SEPTEMBER 2023

FOR

CONNOLLY & SON LIMITED

CONNOLLY & SON LIMITED (REGISTERED NUMBER: 11554183)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


CONNOLLY & SON LIMITED (REGISTERED NUMBER: 11554183)

BALANCE SHEET
30TH SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,400
Tangible assets 5 191,060 89,935
191,060 92,335

CURRENT ASSETS
Stocks 347,457 236,765
Debtors 6 107,440 32,161
Cash at bank 93,592 143,563
548,489 412,489
CREDITORS
Amounts falling due within one year 7 353,593 240,855
NET CURRENT ASSETS 194,896 171,634
TOTAL ASSETS LESS CURRENT
LIABILITIES

385,956

263,969

CREDITORS
Amounts falling due after more than one
year

8

(81,891

)

(120,000

)

PROVISIONS FOR LIABILITIES (47,765 ) (17,544 )
NET ASSETS 256,300 126,425

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 256,290 126,415
SHAREHOLDERS' FUNDS 256,300 126,425

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

CONNOLLY & SON LIMITED (REGISTERED NUMBER: 11554183)

BALANCE SHEET - continued
30TH SEPTEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th June 2024 and were signed by:





Mr L.T Connolly - Director


CONNOLLY & SON LIMITED (REGISTERED NUMBER: 11554183)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


1. STATUTORY INFORMATION

Connolly & Son Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11554183

Registered office: 1 School Lane
Wisbech
PE13 1AW

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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 30th September 2023 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS 105, the date of transition to FRS 102 Section 1A is 1st October 2021.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

CONNOLLY & SON LIMITED (REGISTERED NUMBER: 11554183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2022
and 30th September 2023 12,000
AMORTISATION
At 1st October 2022 9,600
Charge for year 2,400
At 30th September 2023 12,000
NET BOOK VALUE
At 30th September 2023 -
At 30th September 2022 2,400

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st October 2022 148,946
Additions 154,573
Disposals (18,500 )
At 30th September 2023 285,019
DEPRECIATION
At 1st October 2022 59,011
Charge for year 43,042
Eliminated on disposal (8,094 )
At 30th September 2023 93,959
NET BOOK VALUE
At 30th September 2023 191,060
At 30th September 2022 89,935

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 78,868 -
Other debtors 28,572 32,161
107,440 32,161

CONNOLLY & SON LIMITED (REGISTERED NUMBER: 11554183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,000 11,000
Hire purchase contracts 36,074 29,749
Trade creditors 51,636 96,175
Taxation and social security 149,490 53,992
Other creditors 113,393 49,939
353,593 240,855

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 5,000 120,000
Hire purchase contracts 76,891 -
81,891 120,000