Registered number
05030703
Mortgage Connections UK Ltd
Abbreviated Accounts
31 January 2024
Mortgage Connections UK Ltd
Registered number: 05030703
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 28 41
Current assets
Debtors 4 - 90
Cash at bank and in hand 75,067 143,337
75,067 143,427
Creditors: amounts falling due within one year 5 (36,696) (96,253)
Net current assets 38,371 47,174
Total assets less current liabilities 38,399 47,215
Creditors: amounts falling due after more than one year 6 (23,092) (32,853)
Net assets 15,307 14,362
Capital and reserves
Called up share capital 12 12
Profit and loss account 15,295 14,350
Shareholders' funds 15,307 14,362
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.
D Entwistle
Director
Approved by the board on 18 September 2024
Mortgage Connections UK Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 1,003
At 31 January 2024 1,003
Depreciation
At 1 February 2023 962
Charge for the year 13
At 31 January 2024 975
Net book value
At 31 January 2024 28
At 31 January 2023 41
4 Debtors 2024 2023
£ £
Other debtors - 90
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,889 5,742
Corporation tax 28,500 62,075
Other taxes and social security costs 3,085 26,707
Other creditors 1,222 1,729
36,696 96,253
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 23,092 32,853
7 Other information
Mortgage Connections UK Ltd is a private company limited by shares and incorporated in England. Its registered office is:
277 Stockport Road
Ashton u Lyne
Lancashire
OL7 0NT
Mortgage Connections UK Ltd 05030703 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts April 2022 D Entwistle No description of principal activity 05030703 2022-02-01 2023-01-31 05030703 core:WithinOneYear 2023-01-31 05030703 core:AfterOneYear 2023-01-31 05030703 core:ShareCapital 2023-01-31 05030703 core:RetainedEarningsAccumulatedLosses 2023-01-31 05030703 2023-02-01 2024-01-31 05030703 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05030703 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05030703 bus:Director40 2023-02-01 2024-01-31 05030703 1 2023-02-01 2024-01-31 05030703 2 2023-02-01 2024-01-31 05030703 core:PlantMachinery 2023-02-01 2024-01-31 05030703 countries:England 2023-02-01 2024-01-31 05030703 bus:FRS102 2023-02-01 2024-01-31 05030703 bus:FullAccounts 2023-02-01 2024-01-31 05030703 2024-01-31 05030703 core:WithinOneYear 2024-01-31 05030703 core:AfterOneYear 2024-01-31 05030703 core:ShareCapital 2024-01-31 05030703 core:RetainedEarningsAccumulatedLosses 2024-01-31 05030703 core:PlantMachinery 2024-01-31 05030703 2023-01-31 05030703 core:PlantMachinery 2023-01-31 iso4217:GBP xbrli:pure