Registered number
08050498
Connected Leadership Limited
Filleted Accounts
31 December 2023
Connected Leadership Limited
Registered number: 08050498
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,629 35
Current assets
Debtors 4 182,300 152,136
Cash at bank and in hand 2,675 307
184,975 152,443
Creditors: amounts falling due within one year 5 (75,827) (48,276)
Net current assets 109,148 104,167
Net assets 111,777 104,202
Capital and reserves
Called up share capital 2 2
Profit and loss account 111,775 104,200
Shareholders' funds 111,777 104,202
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Paul Jackson
Director
Approved by the board on 4 July 2024
Connected Leadership Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 179
At 31 December 2023 3,470
Depreciation
At 1 January 2023 144
Charge for the year 697
At 31 December 2023 841
Net book value
At 31 December 2023 2,629
At 31 December 2022 35
4 Debtors 2023 2022
£ £
Trade debtors 527 1,610
Other debtors 181,773 150,526
182,300 152,136
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 170 144
Directors' loan account 55,678 22,002
Accrued expenses 14,430 20,360
Taxation and social security costs 4,549 4,770
Other creditors 1,000 1,000
75,827 48,276
6 Related party transactions
Within other debtors, there is a balance of £150,526 (2021: £101,650) due from Slad Brook Limited, a company registered in England & Wales. The Directors of the company are also the directors of Slad Brook Limited.
7 Other information
Connected Leadership Limited is a private company limited by shares and incorporated in England. Its registered office is:
Stroud Slad Farm Slad Lane
The Vatch
Stroud
Gloucestershire
GL6 7LE
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