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Company Registration No. 06796877 (England and Wales)
M & S CONNOLLY LIMITED Unaudited accounts for the year ended 31 March 2024
M & S CONNOLLY LIMITED Unaudited accounts Contents
Page
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M & S CONNOLLY LIMITED Company Information for the year ended 31 March 2024
Directors
Luke David CONNOLLY Michael Garri CONNOLLY Susan Elizabeth CONNOLLY Hayley NIJJAR
Secretary
Susan Elizabeth CONNOLLY
Company Number
06796877 (England and Wales)
Registered Office
8 Greville Road Warwick Warwickshire CV34 5PB England
Accountants
Accounts and Returns Ltd 26 Smith St Warwick CV34 4HS
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M & S CONNOLLY LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,122 
5,496 
Current assets
Inventories
10,000 
10,000 
Debtors
2,712 
- 
Cash at bank and in hand
6,473 
1,181 
19,185 
11,181 
Creditors: amounts falling due within one year
(12,959)
(7,556)
Net current assets
6,226 
3,625 
Net assets
10,348 
9,121 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
10,248 
9,021 
Shareholders' funds
10,348 
9,121 
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by
Michael Garri CONNOLLY Director Company Registration No. 06796877
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M & S CONNOLLY LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
M & S CONNOLLY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06796877. The registered office is 8 Greville Road, Warwick, Warwickshire, CV34 5PB, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
14,324 
At 31 March 2024
14,324 
Depreciation
At 1 April 2023
8,828 
Charge for the year
1,374 
At 31 March 2024
10,202 
Net book value
At 31 March 2024
4,122 
At 31 March 2023
5,496 
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M & S CONNOLLY LIMITED Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
2,712 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,800 
1,800 
Taxes and social security
11,159 
5,083 
Loans from directors
- 
673 
12,959 
7,556 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Michael Garri CONNOLLY
0% on demand
- 
2,712 
- 
2,712 
- 
2,712 
- 
2,712 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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