Company Registration No. 08415770 (England and Wales)
CONNECT HYGIENE PRODUCTS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
Star House
Star Hill
Rochester
Kent
ME1 1UX
CONNECT HYGIENE PRODUCTS LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
CONNECT HYGIENE PRODUCTS LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,107,688
3,305,173
Investments
4
3,310,375
3,310,375
6,418,063
6,615,548
Current assets
Debtors
5
958,042
958,756
Creditors: amounts falling due within one year
6
(7,360,780)
(7,562,661)
Net current liabilities
(6,402,738)
(6,603,905)
Total assets less current liabilities
15,325
11,643
Provisions for liabilities
(266,878)
-
0
Net (liabilities)/assets
(251,553)
11,643
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(251,653)
11,543
Total equity
(251,553)
11,643

The notes on pages 2 to 5 form part of these financial statements.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

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 10 September 2024 and are signed on its behalf by:
Mr P King
Director
Company registration number 08415770 (England and Wales)
CONNECT HYGIENE PRODUCTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Connect Hygiene Products Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Northwood House, Stafford Park 10, Telford, Shropshire, TF3 3AB.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business. Turnover is recognised at the point the service has been provided.

 

Dividend income is recognised at the point the dividend is declared.

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
20 / 5 years straightline

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investments in subsidiaries

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.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

CONNECT HYGIENE PRODUCTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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.

CONNECT HYGIENE PRODUCTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
5
5
3
Tangible fixed assets
Plant and equipment
£
Cost
At 1 January 2023 and 31 December 2023
4,043,838
Depreciation and impairment
At 1 January 2023
738,665
Depreciation charged in the year
197,485
At 31 December 2023
936,150
Carrying amount
At 31 December 2023
3,107,688
At 31 December 2022
3,305,173
CONNECT HYGIENE PRODUCTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
4
Investments in subsidiaries
2023
2022
£
£
Shares in group undertakings and participating interests
3,310,375
3,310,375
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
231,975
231,975
Other debtors
726,067
726,781
958,042
958,756
6
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
7,355,780
7,558,736
Other creditors
5,000
3,925
7,360,780
7,562,661

M Fecher holds a debenture over all property, plant and machinery of this company dated 16th September 2019, in relation to a loan made to Norpap Property 2019 Limited.

7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Sally Meah FCCA
Statutory Auditor:
TC Group
Date of audit report:
24 September 2024
8
Parent company

The parent company is Northwood Hygiene Products Limited and it's registered office is Northwood House, Stafford Park 10, Telford, England, TF3 3AB.

2023-12-312023-01-01false24 September 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityThis audit opinion is unqualifiedMr P FecherMr M FecherMr A FecherMr P KingMr Chris DaviesMr P Kingfalsefalse084157702023-01-012023-12-31084157702023-12-31084157702022-12-3108415770core:PlantMachinery2023-12-3108415770core:PlantMachinery2022-12-3108415770core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3108415770core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3108415770core:CurrentFinancialInstruments2023-12-3108415770core:CurrentFinancialInstruments2022-12-3108415770core:ShareCapital2023-12-3108415770core:ShareCapital2022-12-3108415770core:RetainedEarningsAccumulatedLosses2023-12-3108415770core:RetainedEarningsAccumulatedLosses2022-12-3108415770bus:Director42023-01-012023-12-3108415770core:PlantMachinery2023-01-012023-12-31084157702022-01-012022-12-3108415770core:PlantMachinery2022-12-3108415770core:WithinOneYear2023-12-3108415770core:WithinOneYear2022-12-3108415770bus:PrivateLimitedCompanyLtd2023-01-012023-12-3108415770bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108415770bus:FRS1022023-01-012023-12-3108415770bus:Audited2023-01-012023-12-3108415770bus:Director12023-01-012023-12-3108415770bus:Director22023-01-012023-12-3108415770bus:Director32023-01-012023-12-3108415770bus:Director52023-01-012023-12-3108415770bus:CompanySecretary12023-01-012023-12-3108415770bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP