REGISTERED NUMBER: |
Report of the Directors and |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
for |
Connected Consulting Limited |
REGISTERED NUMBER: |
Report of the Directors and |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
for |
Connected Consulting Limited |
Connected Consulting Limited (Registered number: 06573610) |
Contents of the Financial Statements |
for the Year Ended 31 March 2024 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Balance Sheet | 5 |
Notes to the Financial Statements | 6 |
Report of the Accountants | 8 |
Connected Consulting Limited |
Company Information |
for the Year Ended 31 March 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
17 The Weavers |
Allington |
Maidstone |
Kent |
ME16 0NZ |
Connected Consulting Limited (Registered number: 06573610) |
Report of the Directors |
for the Year Ended 31 March 2024 |
The directors present their report with the financial statements of the company for the year ended 31 March 2024. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report. |
POLITICAL & CHARITABLE DONATIONS AND EXPENDITURE |
During the financial year the company made no political donations and only charitable donations of £1,200 to The Hospice in the Weald, £2,061 to Save the Children and £2,001to the Movember foundation. |
Connected Consulting Limited (Registered number: 06573610) |
Report of the Directors |
for the Year Ended 31 March 2024 |
GREENHOUSE GASES EMISSION REPORT |
Unit | Quantity of Units | KgCO2e/unit | tCO2e |
Scope 1 |
Business Travel Fuel (Petrol) | Miles | 1750 | 0.2266 | 0.39655 |
Business Travel Fuel (Diesel) | Miles | 752 | 0.26902 | 0.20230 |
Scope 2 |
Purchased Electricity | Kwh | 5007.86 | 0.207074 | 1.037 |
T&D | Kwh | 5007.86 | 0.01792 | 0.08974 |
Business Travel (Electric PE and TD)* | Miles | 546 | 0.224994 | 0.12285 |
Scope 3 |
Business Travel (Train) | Miles | 1499.90488 | 0.035463 | 0.05319 |
Purchased Goods and Services | £ | 136669 | Various | 11.70928 |
Employee Commuting (PE+TD)* | Kwh | 4388.73** | 0.224994 | 0.98744 |
Employee Homeworking | Hours | 3268 | 0.33378 | 1.09079 |
Accommodation | Nights | 3 | 10.4 | 0.03120 |
Total Emissions | 15.72034 |
Intensity Ratio per FTE | FTE | 5.25 | 2.99435 |
* PE - Purchased Electricity, TD - Transmission and Distribution Losses |
**11648 miles is equivalent to 4,388.73 Kwh |
Methodology and Notes |
Our reporting period for greenhouse gas (GHG) emissions is 1 April 2023 to 31 March 2024 (Financial Year 2023-24). |
GHG emissions, methodology and calculations are in alignment with the GHG Protocol corporate reporting standard. We have chosen an operational control approach due to the nature of the business. |
Scope 1 emissions were calculated using actual business miles travelled in diesel and petrol vehicles, utilising expense reports. |
Scope 2 business travel emissions were calculated from actual electric vehicle miles using expense reports for business trips. Purchased electricity for the running of the office was calculated using bill data. |
. |
Scope 3 emissions were calculated by counting individuals' commutes, homeworking hours, actual travel and nights away from home. |
For other Purchased Goods and Services, we have used spend-based data as many of our suppliers who are themselves small businesses and are unable to supply detailed information. |
The source data for spend-based emission calculations is the UK Government's 2021 Conversion Factors by SIC Code. |
This data was designed for individuals paying VAT. We have therefore reduced each multiplier by 1/6. |
We have then adjusted figures for inflation to our financial year. |
To reflect actual staffing levels during the reporting period we have used a figure of 5.25 Full Time Employees (FTE). |
During this financial year we also gifted 21 trees to candidates starting new assignments through Connected. |
Connected Consulting Limited (Registered number: 06573610) |
Report of the Directors |
for the Year Ended 31 March 2024 |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
Connected Consulting Limited (Registered number: 06573610) |
Balance Sheet |
31 March 2024 |
31.3.24 | 31.3.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Prepayments and accrued income |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors and authorised for issue on |
Connected Consulting Limited (Registered number: 06573610) |
Notes to the Financial Statements |
for the Year Ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Connected Consulting Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
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 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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Connected Consulting Limited (Registered number: 06573610) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor |
machinery | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2023 |
Disposals | ( |
) | ( |
) |
At 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | SHARE-BASED PAYMENT TRANSACTIONS |
On 11th March 2019 an EMI option agreement was entered into with one employee which was granted on 22nd March 2019 for 5,404 Ordinary B £0.01pence shares at an agreed HMRC Unrestricted Market Value of £2.70 per share / Actual Market Value of £1.89 per share . The shares have been vested over a 3 year period ending 28th February 2022. The share option will exercise after an Exit event at an exercise price of £1.89 per share. As at the 31st March 2024 5,404 Ordinary B shares had been vested and no liability occurs to the company. |
Connected Consulting Limited |
Report of the Accountants to the Directors of |
Connected Consulting Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages one to three and you consider that the company is exempt from an audit. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
17 The Weavers |
Allington |
Maidstone |
Kent |
ME16 0NZ |