Company registration number: 07895738
Unaudited financial statements
for the year ended 31 December 2023
for
Connecting Commerce Limited
Pages for filing with the Registrar
Company registration number: 07895738
Connecting Commerce Limited
Balance sheet
as at 31 December 2023
2023 2022
Note £ £ £ £
Fixed assets
Intangible assets 4 3,473 -
3,473 -
Current assets
Debtors 2,364 1
2,364 1
Creditors: amounts falling due within
one year
(289,362) -
Net current (liabilities)/assets (286,998) 1
Total assets less current liabilities (283,525) 1
NET (LIABILITIES)/ASSETS (283,525) 1
Capital and reserves
Called up share capital 1 1
Profit and loss account (283,526) -
TOTAL EQUITY (283,525) 1
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2023.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 07895738
Connecting Commerce Limited
Balance sheet - continued
as at 31 December 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr A Sharpe, Director
6 September 2024
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Connecting Commerce Limited
Notes to the financial statements
for the year ended 31 December 2023
1 Company information
The company is registered in England and Wales. Its registered number is 07895738. The company is limited by shares. Its registered office is Birches Corner, Heron Gate, Taunton, TA1 2LP.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Development costs - In the research phase of an internal project it is not
possible to demonstrate that the project will

generate future economic benefits and hence all
expenditure on research shall be recognised

as an expense when it is incurred. Intangible assets are
recognised from the development phase

of a project if and only if certain specific criteria are met
in order to demonstrate the asset will

generate probable future economic benefits and that its
cost can be reliably measured. The

capitalised development costs are subsequently amorti
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Connecting Commerce Limited
Notes to the financial statements - continued
for the year ended 31 December 2023
2 Accounting policies - continued
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 1 (2022 - 1).
4 Intangible assets
Other
intangible
assets
£
Cost
Additions 6,084
At 31 December 2023 6,084
Amortisation
Charge for year 2,611
At 31 December 2023 2,611
Net book value
At 31 December 2023 3,473
At 31 December 2022 -
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