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REGISTERED NUMBER: 04955752















FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2024

FOR

M J CONNOLE LTD

M J CONNOLE LTD (REGISTERED NUMBER: 04955752)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 5th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M J CONNOLE LTD

COMPANY INFORMATION
for the Year Ended 5th April 2024







DIRECTOR: M J Connole





REGISTERED OFFICE: Ossington Chambers
6/8 Castle Gate
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 04955752





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

M J CONNOLE LTD (REGISTERED NUMBER: 04955752)

BALANCE SHEET
5th April 2024

5/4/24 5/4/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 15,667 20,889
15,667 20,889

CURRENT ASSETS
Stocks 500 500
Debtors 6 469 436
Cash at bank 27,434 24,149
28,403 25,085
CREDITORS
Amounts falling due within one year 7 11,873 11,673
NET CURRENT ASSETS 16,530 13,412
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,197

34,301

CREDITORS
Amounts falling due after more than one year 8 (3,539 ) (6,292 )

PROVISIONS FOR LIABILITIES 9 (2,977 ) (3,969 )
NET ASSETS 25,681 24,040

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 25,679 24,038
SHAREHOLDERS' FUNDS 25,681 24,040

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

M J CONNOLE LTD (REGISTERED NUMBER: 04955752)

BALANCE SHEET - continued
5th April 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14th October 2024 and were signed by:





M J Connole - Director


M J CONNOLE LTD (REGISTERED NUMBER: 04955752)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 5th April 2024

1. STATUTORY INFORMATION

M J Connole Ltd is a private company, limited by shares , registered in Not specified/Other. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

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.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

M J CONNOLE LTD (REGISTERED NUMBER: 04955752)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 5th April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 6th April 2023
and 5th April 2024 20,000
AMORTISATION
At 6th April 2023
and 5th April 2024 20,000
NET BOOK VALUE
At 5th April 2024 -
At 5th April 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 6th April 2023
and 5th April 2024 1,799 32,169 33,968
DEPRECIATION
At 6th April 2023 1,519 11,560 13,079
Charge for year 70 5,152 5,222
At 5th April 2024 1,589 16,712 18,301
NET BOOK VALUE
At 5th April 2024 210 15,457 15,667
At 5th April 2023 280 20,609 20,889

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5/4/24 5/4/23
£    £   
Prepayments 469 436

M J CONNOLE LTD (REGISTERED NUMBER: 04955752)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 5th April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5/4/24 5/4/23
£    £   
Bank loans and overdrafts 2,753 2,685
Trade creditors 1,343 1,254
Tax 6,104 6,095
Social security and other taxes 119 124
Director's current account 6 63
Accrued expenses 1,548 1,452
11,873 11,673

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
5/4/24 5/4/23
£    £   
Bank loans - 1-2 years 2,822 2,753
Bank loans - 2-5 years 717 3,539
3,539 6,292

9. PROVISIONS FOR LIABILITIES
5/4/24 5/4/23
£    £   
Deferred tax 2,977 3,969

Deferred
tax
£   
Balance at 6th April 2023 3,969
Provided during year (992 )
Balance at 5th April 2024 2,977

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 5/4/24 5/4/23
value: £    £   
2 Ordinary shares 1 2 2

11. ULTIMATE CONTROLLING PARTY

Mr M J Connole owns 100% of the issued share capital of the company.