Company registration number 07394687 (England and Wales)
CONNEELY SERVICES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
CONNEELY SERVICES LTD
COMPANY INFORMATION
Directors
Mr E Conneely
Ms S Conneely
Mr S Conneely
Mr A Conneely
Company number
07394687
Registered office
Gautam House
1 - 3 Shenley Avenue
Ruislip Manor
Middlesex
HA4 6BP
Accountants
Koshal Associates ( Chartered Accountant)
Gautam House
1 - 3 Shenley Avenue
Ruislip Manor
Middlesex
HA4 6BP
CONNEELY SERVICES LTD
CONTENTS
Page
Balance sheet
2
Notes to the financial statements
3 - 4
CONNEELY SERVICES LTD
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CONNEELY SERVICES LTD FOR THE YEAR ENDED 30 JUNE 2024
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Conneely Services Ltd for the year ended 30 June 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
It is your duty to ensure that Conneely Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Conneely Services Ltd. You consider that Conneely Services Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Conneely Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Koshal Associates ( Chartered Accountant)
8 August 2024
Koshal Associates
Gautam House
1 - 3 Shenley Avenue
Ruislip Manor
Middlesex
HA4 6BP
CONNEELY SERVICES LTD
BALANCE SHEET
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
53
70
Investments
4
71,232
71,232
71,285
71,302
Current assets
Debtors
5
608,355
4,455
Cash at bank and in hand
2,497,168
3,286,186
3,105,523
3,290,641
Creditors: amounts falling due within one year
6
(106,124)
(421,870)
Net current assets
2,999,399
2,868,771
Net assets
3,070,684
2,940,073
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
3,070,584
2,939,973
Total equity
3,070,684
2,940,073
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 8 August 2024 and are signed on its behalf by:
Mr E Conneely
Director
CONNEELY SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information
Conneely Services Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Gautam House, 1 - 3 Shenley Avenue, Ruislip Manor, Middlesex, HA4 6BP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% reducing balance
1.4
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
1.5
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
4
4
CONNEELY SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
3
Tangible fixed assets
Plant and equipment
£
Cost
At 1 January 2023 and 30 June 2024
1,646
Depreciation and impairment
At 1 January 2023
1,576
Depreciation charged in the year
17
At 30 June 2024
1,593
Carrying amount
At 30 June 2024
53
At 31 December 2022
70
4
Fixed asset investments
2023
2022
£
£
Interest in associate
71,232
71,232
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
53,400
Other debtors
554,955
4,455
608,355
4,455
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,477
Corporation tax
37,891
244,345
Other taxation and social security
56,526
82,217
Other creditors
10,230
95,308
106,124
421,870
7
Related party transactions
Fee income of £1,324,617 (2022 - £763,342) received from the Companies in which the directors had an interest as shareholders and directors.