Silverfin false false 30/09/2024 01/04/2023 30/09/2024 James Ogston 22/11/2006 Margaret Ogston 22/11/2006 05 November 2024 The principal activity of the Company during the financial year was that of marketing telecommunication products.

The company ceased trading on 31 October 2023 and the directors intend on winding up the company.
SC312350 2024-09-30 SC312350 bus:Director1 2024-09-30 SC312350 bus:Director2 2024-09-30 SC312350 2023-03-31 SC312350 core:CurrentFinancialInstruments 2024-09-30 SC312350 core:CurrentFinancialInstruments 2023-03-31 SC312350 core:ShareCapital 2024-09-30 SC312350 core:ShareCapital 2023-03-31 SC312350 core:CapitalRedemptionReserve 2024-09-30 SC312350 core:CapitalRedemptionReserve 2023-03-31 SC312350 core:RetainedEarningsAccumulatedLosses 2024-09-30 SC312350 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC312350 core:OtherPropertyPlantEquipment 2023-03-31 SC312350 core:OtherPropertyPlantEquipment 2024-09-30 SC312350 2022-03-31 SC312350 bus:OrdinaryShareClass1 2024-09-30 SC312350 bus:OrdinaryShareClass2 2024-09-30 SC312350 bus:OrdinaryShareClass3 2024-09-30 SC312350 bus:OrdinaryShareClass4 2024-09-30 SC312350 2023-04-01 2024-09-30 SC312350 bus:FilletedAccounts 2023-04-01 2024-09-30 SC312350 bus:SmallEntities 2023-04-01 2024-09-30 SC312350 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-09-30 SC312350 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-09-30 SC312350 bus:Director1 2023-04-01 2024-09-30 SC312350 bus:Director2 2023-04-01 2024-09-30 SC312350 core:OtherPropertyPlantEquipment 2023-04-01 2024-09-30 SC312350 2022-04-01 2023-03-31 SC312350 bus:OrdinaryShareClass1 2023-04-01 2024-09-30 SC312350 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 SC312350 bus:OrdinaryShareClass2 2023-04-01 2024-09-30 SC312350 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 SC312350 bus:OrdinaryShareClass3 2023-04-01 2024-09-30 SC312350 bus:OrdinaryShareClass3 2022-04-01 2023-03-31 SC312350 bus:OrdinaryShareClass4 2023-04-01 2024-09-30 SC312350 bus:OrdinaryShareClass4 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC312350 (Scotland)

CAPITAL CONNECTIONS LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 01 APRIL 2023 TO 30 SEPTEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

CAPITAL CONNECTIONS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 APRIL 2023 TO 30 SEPTEMBER 2024

Contents

CAPITAL CONNECTIONS LTD

BALANCE SHEET

AS AT 30 SEPTEMBER 2024
CAPITAL CONNECTIONS LTD

BALANCE SHEET (continued)

AS AT 30 SEPTEMBER 2024
Note 30.09.2024 31.03.2023
£ £
Fixed assets
Tangible assets 3 0 13,883
0 13,883
Current assets
Debtors 4 597 55,720
Cash at bank and in hand 5 22,628 115,181
23,225 170,901
Creditors: amounts falling due within one year 6 ( 14,345) ( 72,923)
Net current assets 8,880 97,978
Total assets less current liabilities 8,880 111,861
Provision for liabilities 7, 8 0 ( 3,355)
Net assets 8,880 108,506
Capital and reserves
Called-up share capital 9 204 204
Capital redemption reserve 22 22
Profit and loss account 8,654 108,280
Total shareholders' funds 8,880 108,506

For the financial period ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Capital Connections Ltd (registered number: SC312350) were approved and authorised for issue by the Board of Directors on 05 November 2024. They were signed on its behalf by:

James Ogston
Director
CAPITAL CONNECTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 APRIL 2023 TO 30 SEPTEMBER 2024
CAPITAL CONNECTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 APRIL 2023 TO 30 SEPTEMBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Capital Connections Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Citygate Blackburn Business Park, Woodburn Road, Aberdeen, AB21 0PS, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

As required by the FRS 102, the directors have prepared financial statements on the basis that the company is no longer a going concern. No adjustments arose as a result of ceasing to apply the going concern basis.

Reporting period length

The financial statements have been prepared for the eighteen month period to 30 September 2024. The prior period covered the year to 31 March 2023 and as a result, the comparatives are not directly comparable.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Revenue is recognised on the accruals basis.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Provisions

Deferred tax provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation.

2. Employees

Period from
01.04.2023 to
30.09.2024
Year ended
31.03.2023
Number Number
Monthly average number of persons employed by the Company during the period, including directors 2 15

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2023 32,345 32,345
Disposals ( 32,345) ( 32,345)
At 30 September 2024 0 0
Accumulated depreciation
At 01 April 2023 18,462 18,462
Charge for the financial period 1,795 1,795
Disposals ( 20,257) ( 20,257)
At 30 September 2024 0 0
Net book value
At 30 September 2024 0 0
At 31 March 2023 13,883 13,883

4. Debtors

30.09.2024 31.03.2023
£ £
Other debtors 597 55,720

5. Cash and cash equivalents

30.09.2024 31.03.2023
£ £
Cash at bank and in hand 22,628 115,181

6. Creditors: amounts falling due within one year

30.09.2024 31.03.2023
£ £
Trade creditors 0 2,640
Taxation and social security 6,691 48,336
Other creditors 7,654 21,947
14,345 72,923

7. Provision for liabilities

30.09.2024 31.03.2023
£ £
Deferred tax 0 3,355

8. Deferred tax

30.09.2024 31.03.2023
£ £
At the beginning of financial period/year ( 3,355) ( 3,367)
Credited to the Statement of Income and Retained Earnings 3,355 12
At the end of financial period/year 0 ( 3,355)

9. Called-up share capital

30.09.2024 31.03.2023
£ £
Allotted, called-up and fully-paid
100 A Ordinary Shares shares of £ 1.00 each 100 100
100 B Ordinary Shares shares of £ 1.00 each 100 100
2 D Ordinary Shares shares of £ 1.00 each 2 2
2 E Ordinary Shares shares of £ 1.00 each 2 2
204 204

10. Related party transactions

Transactions with the entity's directors

30.09.2024 31.03.2023
£ £
Directors Loan 6,102 62

Advances totalling £1,890 were made to the directors in this period and £7,930 was repaid. This loan is unsecured, interest free and is repayable on demand.