IRIS Accounts Production v24.1.0.574 05650862 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh056508622023-01-31056508622024-01-31056508622023-02-012024-01-31056508622022-01-31056508622022-02-012023-01-31056508622023-01-3105650862ns15:EnglandWales2023-02-012024-01-3105650862ns14:PoundSterling2023-02-012024-01-3105650862ns10:Director12023-02-012024-01-3105650862ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3105650862ns10:SmallEntities2023-02-012024-01-3105650862ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3105650862ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3105650862ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3105650862ns10:FullAccounts2023-02-012024-01-310565086212023-02-012024-01-3105650862ns10:OrdinaryShareClass12023-02-012024-01-3105650862ns10:Director22023-02-012024-01-3105650862ns10:CompanySecretary12023-02-012024-01-3105650862ns10:RegisteredOffice2023-02-012024-01-3105650862ns5:CurrentFinancialInstruments2024-01-3105650862ns5:CurrentFinancialInstruments2023-01-3105650862ns5:Non-currentFinancialInstruments2024-01-3105650862ns5:Non-currentFinancialInstruments2023-01-3105650862ns5:ShareCapital2024-01-3105650862ns5:ShareCapital2023-01-3105650862ns5:RetainedEarningsAccumulatedLosses2024-01-3105650862ns5:RetainedEarningsAccumulatedLosses2023-01-3105650862ns5:NetGoodwill2023-02-012024-01-3105650862ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3105650862ns5:PlantMachinery2023-02-012024-01-3105650862ns5:MotorVehicles2023-02-012024-01-3105650862ns5:ComputerEquipment2023-02-012024-01-3105650862ns5:NetGoodwill2023-01-3105650862ns5:NetGoodwill2024-01-3105650862ns5:NetGoodwill2023-01-3105650862ns5:PlantMachinery2023-01-3105650862ns5:MotorVehicles2023-01-3105650862ns5:ComputerEquipment2023-01-3105650862ns5:PlantMachinery2024-01-3105650862ns5:MotorVehicles2024-01-3105650862ns5:ComputerEquipment2024-01-3105650862ns5:PlantMachinery2023-01-3105650862ns5:MotorVehicles2023-01-3105650862ns5:ComputerEquipment2023-01-3105650862ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3105650862ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3105650862ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-01-3105650862ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-01-3105650862ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-01-3105650862ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-01-3105650862ns5:DeferredTaxation2023-01-3105650862ns5:DeferredTaxation2023-02-012024-01-3105650862ns5:DeferredTaxation2024-01-3105650862ns10:OrdinaryShareClass12024-01-31
REGISTERED NUMBER: 05650862 (England and Wales)















Connell Decorating Services Limited

Unaudited Financial Statements

for the Year Ended 31st January 2024






Connell Decorating Services Limited (Registered number: 05650862)






Contents of the Financial Statements
for the year ended 31st January 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Connell Decorating Services Limited

Company Information
for the year ended 31st January 2024







DIRECTORS: B J O'Connell
Mrs M O'Connell





SECRETARY: Mrs M O'Connell





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
Northamptonshire
NN1 4EP





BUSINESS ADDRESS: The Paddocks
Golf Lane
Church Brampton
Northamptonshire
NN6 8AY





REGISTERED NUMBER: 05650862 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Connell Decorating Services Limited (Registered number: 05650862)

Balance Sheet
31st January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 5,406 6,229
5,406 6,229

CURRENT ASSETS
Stocks 10,000 15,354
Debtors 7 32,572 98,069
Cash at bank 27,685 2,019
70,257 115,442
CREDITORS
Amounts falling due within one year 8 91,396 61,373
NET CURRENT (LIABILITIES)/ASSETS (21,139 ) 54,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,733

)

60,298

CREDITORS
Amounts falling due after more than one
year

9

(15,426

)

(24,318

)

PROVISIONS FOR LIABILITIES 11 (1,000 ) (1,200 )
NET (LIABILITIES)/ASSETS (32,159 ) 34,780

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings (32,259 ) 34,680
SHAREHOLDERS' FUNDS (32,159 ) 34,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Decorating Services Limited (Registered number: 05650862)

Balance Sheet - continued
31st January 2024


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 Board of Directors and authorised for issue on 12th June 2024 and were signed on its behalf by:





B J O'Connell - Director


Connell Decorating Services Limited (Registered number: 05650862)

Notes to the Financial Statements
for the year ended 31st January 2024

1. STATUTORY INFORMATION

Connell Decorating Services Limited 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 (£).


The principal activity of the company was that of painting and decorating contractors.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

These financial statements have been prepared on the going concern basis as the company meets its day to day working capital requirement through the support of its directors, who have confirmed their continuing support for a period of twelve months following approval of these financial statements.

The significant accounting policies applied in the preparation of these financial statements are set out below. The policies have been consistently applied to all years presented unless otherwise stated.

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 2012, is being amortised evenly over its estimated useful life of ten 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 - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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

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 Decorating Services Limited (Registered number: 05650862)

Notes to the Financial Statements - continued
for the year ended 31st January 2024

3. 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2023
and 31st January 2024 75,000
AMORTISATION
At 1st February 2023
and 31st January 2024 75,000
NET BOOK VALUE
At 31st January 2024 -
At 31st January 2023 -

6. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st February 2023 - 10,989 2,997 13,986
Additions 1,930 - - 1,930
At 31st January 2024 1,930 10,989 2,997 15,916
DEPRECIATION
At 1st February 2023 - 5,926 1,831 7,757
Charge for year 482 1,688 583 2,753
At 31st January 2024 482 7,614 2,414 10,510
NET BOOK VALUE
At 31st January 2024 1,448 3,375 583 5,406
At 31st January 2023 - 5,063 1,166 6,229

Connell Decorating Services Limited (Registered number: 05650862)

Notes to the Financial Statements - continued
for the year ended 31st January 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,360 94,638
Other debtors 9,212 3,431
32,572 98,069

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 7,426 7,718
Hire purchase contracts 1,583 1,583
Trade creditors 17,215 10,160
Taxation and social security 22,070 31,594
Other creditors 43,102 10,318
91,396 61,373

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 10) 14,106 21,415
Hire purchase contracts 1,320 2,903
15,426 24,318

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 7,426 7,718

Amounts falling due between one and two years:
Bank loans - 1-2 years 7,614 7,913

Amounts falling due between two and five years:
Bank loans - 2-5 years 6,492 13,502

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,000 1,200

Deferred
tax
£   
Balance at 1st February 2023 1,200
Credit to Income Statement during year (200 )
Balance at 31st January 2024 1,000

Connell Decorating Services Limited (Registered number: 05650862)

Notes to the Financial Statements - continued
for the year ended 31st January 2024

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

13. CONTINGENT LIABILITIES

There are no contingent liabilities as at 31st January 2024 or at 31st January 2023.

14. CAPITAL COMMITMENTS

There are no capital commitments as at 31st January 2024 or at 31st January 2023.