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REGISTERED NUMBER: 14983420 (England and Wales)















CORE CONNECT UTILITIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

5 JULY 2023 TO 31 JULY 2024






CORE CONNECT UTILITIES LTD (REGISTERED NUMBER: 14983420)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 5 JULY 2023 TO 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CORE CONNECT UTILITIES LTD

COMPANY INFORMATION
FOR THE PERIOD 5 JULY 2023 TO 31 JULY 2024







DIRECTOR: S Smedley





REGISTERED OFFICE: Block E Unit 1 Twin Yards Farm
Huthwaite Lane
Blackwell
Alfreton
Derbyshire
DE55 5HX





REGISTERED NUMBER: 14983420 (England and Wales)





ACCOUNTANTS: Smith Craven
Sidings House
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

CORE CONNECT UTILITIES LTD (REGISTERED NUMBER: 14983420)

BALANCE SHEET
31 JULY 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 173,037

CURRENT ASSETS
Debtors 5 121,809
Cash at bank 238,489
360,298
CREDITORS
Amounts falling due within one year 6 347,289
NET CURRENT ASSETS 13,009
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,046

PROVISIONS FOR LIABILITIES 41,529
NET ASSETS 144,517

CAPITAL AND RESERVES
Called up share capital 40,000
Retained earnings 104,517
144,517

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.

The members have not required the Company to obtain an audit of its financial statements for the period ended 31 July 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.

CORE CONNECT UTILITIES LTD (REGISTERED NUMBER: 14983420)

BALANCE SHEET - continued
31 JULY 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 25 October 2024 and were signed by:





S Smedley - Director


CORE CONNECT UTILITIES LTD (REGISTERED NUMBER: 14983420)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 5 JULY 2023 TO 31 JULY 2024


1. STATUTORY INFORMATION

Core Connect Utilities Ltd 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.

The financial statements are presented in Sterling (GBP) which is the functional currency of the Company, rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line or reducing balance method or, if held under a finance lease, over the lease term, whichever is shorter.

Plant and machinery - 20% on straight line
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Taxation
Taxation for the period 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.


CORE CONNECT UTILITIES LTD (REGISTERED NUMBER: 14983420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 5 JULY 2023 TO 31 JULY 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 180,340
At 31 July 2024 180,340
DEPRECIATION
Charge for period 7,303
At 31 July 2024 7,303
NET BOOK VALUE
At 31 July 2024 173,037

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 121,809

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 251,286
Taxation and social security 82,727
Other creditors 13,276
347,289

CORE CONNECT UTILITIES LTD (REGISTERED NUMBER: 14983420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 5 JULY 2023 TO 31 JULY 2024


7. ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent undertaking from 16 May 2024 is Core Connect Group Limited, a company incorporated in England and Wales.

There is no individual ultimate controlling party.