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REGISTERED NUMBER: 08235436 (England and Wales)

























Unaudited Financial Statements

for the period

1 November 2022 to 31 December 2023

for

ESB Connect Limited

ESB Connect Limited (Registered number: 08235436)






Contents of the Financial Statements
for the period 1 November 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

ESB Connect Limited

Company Information
for the period 1 November 2022 to 31 December 2023







DIRECTOR: Mrs S E J Chaplin





SECRETARY: P F Chaplin





REGISTERED OFFICE: 2 Maple Court
Davenport Street
Macclesfield
Cheshire
SK10 1JE





REGISTERED NUMBER: 08235436 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

ESB Connect Limited (Registered number: 08235436)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,118 18,415
Tangible assets 5 5,488 4,047
19,606 22,462

CURRENT ASSETS
Debtors 6 889,667 642,297
Cash at bank and in hand 112,487 305,105
1,002,154 947,402
CREDITORS
Amounts falling due within one year 7 655,913 686,053
NET CURRENT ASSETS 346,241 261,349
TOTAL ASSETS LESS CURRENT
LIABILITIES

365,847

283,811

CREDITORS
Amounts falling due after more than one year 8 (19,061 ) (30,745 )

PROVISIONS FOR LIABILITIES (4,926 ) (4,268 )
NET ASSETS 341,860 248,798

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 341,859 248,797
SHAREHOLDERS' FUNDS 341,860 248,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2024 and were signed by:





Mrs S E J Chaplin - Director


ESB Connect Limited (Registered number: 08235436)

Notes to the Financial Statements
for the period 1 November 2022 to 31 December 2023

1. STATUTORY INFORMATION

ESB Connect Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

IP addresses are being amortised evenly over their estimated useful life of three years.

Computer software is being amortised evenly over its estimated useful life of five years.

The IP addresses have been fully amortised.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Computer equipment- 33% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

ESB Connect Limited (Registered number: 08235436)

Notes to the Financial Statements - continued
for the period 1 November 2022 to 31 December 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit & loss in the period to which they relate.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the Profit and Loss.

Share capital
Ordinary shares are classed as equity.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and cash held with banks.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 12 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2022
and 31 December 2023 50,807
AMORTISATION
At 1 November 2022 32,392
Charge for period 4,297
At 31 December 2023 36,689
NET BOOK VALUE
At 31 December 2023 14,118
At 31 October 2022 18,415

ESB Connect Limited (Registered number: 08235436)

Notes to the Financial Statements - continued
for the period 1 November 2022 to 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 15,987
Additions 4,767
At 31 December 2023 20,754
DEPRECIATION
At 1 November 2022 11,940
Charge for period 3,326
At 31 December 2023 15,266
NET BOOK VALUE
At 31 December 2023 5,488
At 31 October 2022 4,047

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 301,512 184,575
Other debtors 588,155 457,722
889,667 642,297

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,036 9,748
Trade creditors 63,060 124,540
Amounts owed to group undertakings 438,138 439,278
Taxation and social security 86,402 84,563
Other creditors 58,277 27,924
655,913 686,053

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 19,061 30,745

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

ESB Connect Limited (Registered number: 08235436)

Notes to the Financial Statements - continued
for the period 1 November 2022 to 31 December 2023

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 December 2023 and the year ended 31 October 2022:

2023 2022
£    £   
Mrs S E J Chaplin
Balance outstanding at start of period 135,417 36,567
Amounts advanced 36,500 107,400
Amounts repaid (5,700 ) (8,550 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 166,217 135,417

Loans are repayable on demand and attract no interest. The loan was repaid in full during May 2024.

11. RELATED PARTY DISCLOSURES

At the year end, P F Chaplin, a shareholder in the parent company, ESB Connect Group Ltd, owed the company £88,620 (2022 £88,620). The loan attracts no interest and is repayable on demand.

12. ULTIMATE PARENT COMPANY

ESB Connect Group Limited is the ultimate parent company. The parent's registered office is 2 Maple Court, Davenport Street, Macclesfield, Cheshire, United Kingdom, SK10 1JE.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
ESB Connect Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ESB Connect Limited for the period ended 31 December 2023 which comprise the Profit and Loss, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of ESB Connect Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ESB Connect Limited and state those matters that we have agreed to state to the director of ESB Connect Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ESB Connect Limited and its director for our work or for this report.

It is your duty to ensure that ESB Connect Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ESB Connect Limited. You consider that ESB Connect Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of ESB Connect Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE


23 September 2024