0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 3,067 1,661 1,406 1,406 xbrli:pure xbrli:shares iso4217:GBP 06744966 2022-12-01 2023-11-30 06744966 2023-11-30 06744966 2022-11-30 06744966 2021-12-01 2022-11-30 06744966 2022-11-30 06744966 2021-11-30 06744966 bus:Director1 2022-12-01 2023-11-30 06744966 core:WithinOneYear 2023-11-30 06744966 core:WithinOneYear 2022-11-30 06744966 core:ShareCapital 2023-11-30 06744966 core:ShareCapital 2022-11-30 06744966 core:RetainedEarningsAccumulatedLosses 2023-11-30 06744966 core:RetainedEarningsAccumulatedLosses 2022-11-30 06744966 bus:SmallEntities 2022-12-01 2023-11-30 06744966 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 06744966 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 06744966 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 06744966 bus:FullAccounts 2022-12-01 2023-11-30 06744966 core:OfficeEquipment 2022-12-01 2023-11-30 06744966 core:OfficeEquipment 2023-11-30 06744966 core:OfficeEquipment 2022-11-30 06744966 core:KeyManagementIndividualGroup1 2022-12-01 2023-11-30 06744966 core:KeyManagementIndividualGroup1 2023-11-30
COMPANY REGISTRATION NUMBER: 06744966
Connor IT Limited
Filleted Unaudited Financial Statements
For the year ended
30 November 2023
Connor IT Limited
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
4
1,406
1,406
Current assets
Cash at bank and in hand
80,696
80,696
Creditors: amounts falling due within one year
5
56,396
49,783
--------
--------
Net current assets
24,300
30,913
--------
--------
Total assets less current liabilities
25,706
32,319
--------
--------
Net assets
25,706
32,319
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
25,606
32,219
--------
--------
Shareholders funds
25,706
32,319
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Connor IT Limited
Statement of Financial Position (continued)
30 November 2023
These financial statements were approved by the board of directors and authorised for issue on 28 August 2024 , and are signed on behalf of the board by:
Mr. S. Connor
Director
Company registration number: 06744966
Connor IT Limited
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Cottage, West End, Ampleforth, North Yorkshire, YO62 4DY.
2. Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1 A, 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
(c) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(d) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
(e) Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Tangible assets
Equipment
Total
£
£
Cost
At 1 December 2022 and 30 November 2023
3,067
3,067
-------
-------
Depreciation
At 1 December 2022 and 30 November 2023
1,661
1,661
-------
-------
Carrying amount
At 30 November 2023
1,406
1,406
-------
-------
At 30 November 2022
1,406
1,406
-------
-------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
56,396
49,783
--------
--------
6. Related party transactions
During the year the directors made available loans to the company . The loans are interest free and repayable on demand. At the year end date the balance due to the directors totalled £ 55,783 (2022 - £49,170).