IRIS Accounts Production v24.2.0.383 03596762 Board of Directors Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035967622023-06-30035967622024-06-30035967622023-07-012024-06-30035967622022-06-30035967622022-07-012023-06-30035967622023-06-3003596762ns15:EnglandWales2023-07-012024-06-3003596762ns14:PoundSterling2023-07-012024-06-3003596762ns10:Director12023-07-012024-06-3003596762ns10:Director22023-07-012024-06-3003596762ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3003596762ns10:SmallEntities2023-07-012024-06-3003596762ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3003596762ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3003596762ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3003596762ns10:FullAccounts2023-07-012024-06-3003596762ns10:OrdinaryShareClass12023-07-012024-06-3003596762ns10:CompanySecretary12023-07-012024-06-3003596762ns10:RegisteredOffice2023-07-012024-06-3003596762ns5:CurrentFinancialInstruments2024-06-3003596762ns5:CurrentFinancialInstruments2023-06-3003596762ns5:ShareCapital2024-06-3003596762ns5:ShareCapital2023-06-3003596762ns5:RetainedEarningsAccumulatedLosses2024-06-3003596762ns5:RetainedEarningsAccumulatedLosses2023-06-3003596762ns5:FurnitureFittings2023-07-012024-06-3003596762ns5:ComputerEquipment2023-07-012024-06-3003596762ns5:FurnitureFittings2023-06-3003596762ns5:ComputerEquipment2023-06-3003596762ns5:FurnitureFittings2024-06-3003596762ns5:ComputerEquipment2024-06-3003596762ns5:FurnitureFittings2023-06-3003596762ns5:ComputerEquipment2023-06-3003596762ns10:OrdinaryShareClass12024-06-3003596762ns5:RetainedEarningsAccumulatedLosses2023-06-3003596762ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-30
REGISTERED NUMBER: 03596762 (England and Wales)














CONNECTING TECHNOLOGIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






CONNECTING TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03596762)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CONNECTING TECHNOLOGIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: J W Reynolds
P M Reynolds





SECRETARY: P M Reynolds





REGISTERED OFFICE: 21 Northover Road
Lymington
Hampshire
SO41 8GU





REGISTERED NUMBER: 03596762 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

CONNECTING TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03596762)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 3,292 3,937

CURRENT ASSETS
Debtors 5 14,473 56
Cash at bank 76,245 83,381
90,718 83,437
CREDITORS
Amounts falling due within one year 6 45,702 40,961
NET CURRENT ASSETS 45,016 42,476
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,308

46,413

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 48,306 46,411
SHAREHOLDERS' FUNDS 48,308 46,413

CONNECTING TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03596762)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:




J W Reynolds - Director



P M Reynolds - Director


CONNECTING TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03596762)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Connecting Technologies 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.

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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


CONNECTING TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03596762)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 8,007 17,588 25,595
Additions - 181 181
At 30 June 2024 8,007 17,769 25,776
DEPRECIATION
At 1 July 2023 5,970 15,688 21,658
Charge for year 306 520 826
At 30 June 2024 6,276 16,208 22,484
NET BOOK VALUE
At 30 June 2024 1,731 1,561 3,292
At 30 June 2023 2,037 1,900 3,937

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,473 56

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 4,584 1,380
Social security and other taxes 503 487
VAT 685 336
Directors' current accounts 38,605 37,433
Accrued expenses 1,325 1,325
45,702 40,961

CONNECTING TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03596762)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

8. RESERVES
Retained
earnings
£   

At 1 July 2023 46,411
Profit for the year 18,895
Dividends (17,000 )
At 30 June 2024 48,306

9. ULTIMATE CONTROLLING PARTY

The company is under the joint control of Mr J W Reynolds and Mrs P M Reynolds by virtue of their 100% holding in the issued share capital of the company.