Six Connections Limited 13073420 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is to provide wellbeing and culture training and support alongside conversation starting products for businesses, charitable organisations, education and grass roots sport. Digita Accounts Production Advanced 6.30.9574.0 true true 13073420 2023-06-01 2024-05-31 13073420 2024-05-31 13073420 core:RetainedEarningsAccumulatedLosses 2024-05-31 13073420 core:ShareCapital 2024-05-31 13073420 core:CurrentFinancialInstruments 2024-05-31 13073420 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 13073420 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-05-31 13073420 core:FurnitureFittingsToolsEquipment 2024-05-31 13073420 1 2024-05-31 13073420 bus:SmallEntities 2023-06-01 2024-05-31 13073420 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 13073420 bus:FilletedAccounts 2023-06-01 2024-05-31 13073420 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 13073420 bus:RegisteredOffice 2023-06-01 2024-05-31 13073420 bus:Director1 2023-06-01 2024-05-31 13073420 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13073420 bus:Agent1 2023-06-01 2024-05-31 13073420 core:ComputerSoftware 2023-06-01 2024-05-31 13073420 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-01 2024-05-31 13073420 core:ComputerEquipment 2023-06-01 2024-05-31 13073420 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 13073420 countries:EnglandWales 2023-06-01 2024-05-31 13073420 1 2023-06-01 2024-05-31 13073420 2023-05-31 13073420 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-31 13073420 core:FurnitureFittingsToolsEquipment 2023-05-31 13073420 1 2023-05-31 13073420 2022-06-01 2023-05-31 13073420 2023-05-31 13073420 core:RetainedEarningsAccumulatedLosses 2023-05-31 13073420 core:ShareCapital 2023-05-31 13073420 core:CurrentFinancialInstruments 2023-05-31 13073420 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 13073420 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-31 13073420 core:FurnitureFittingsToolsEquipment 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 13073420

Six Connections Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Six Connections Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Six Connections Limited

Company Information

Director

Mr D J Scholes

Registered office

24 Ormerod Street
Worsthorne
Burnley
Lancashire
BB10 3NU

Accountants

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Six Connections Limited
for the Year Ended 31 May 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Six Connections Limited for the year ended 31 May 2024 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Six Connections Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of Six Connections Limited and state those matters that we have agreed to state to the Board of Directors of Six Connections Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Six Connections Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Six Connections Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Six Connections Limited. You consider that Six Connections Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Six Connections Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

15 November 2024

 

Six Connections Limited

(Registration number: 13073420)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

34,869

26,252

Tangible assets

5

1,559

526

 

36,428

26,778

Current assets

 

Debtors

6

13,348

37,830

Cash at bank and in hand

 

18,992

22,286

 

32,340

60,116

Creditors: Amounts falling due within one year

7

(23,452)

(43,162)

Net current assets

 

8,888

16,954

Total assets less current liabilities

 

45,316

43,732

Provisions for liabilities

2,365

1,433

Net assets

 

47,681

45,165

Capital and reserves

 

Called up share capital

2,000

2,000

Retained earnings

45,681

43,165

Shareholders' funds

 

47,681

45,165

 

Six Connections Limited

(Registration number: 13073420)
Balance Sheet as at 31 May 2024

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 November 2024
 

.........................................
Mr D J Scholes
Director

 

Six Connections Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
24 Ormerod Street
Worsthorne
Burnley
Lancashire
BB10 3NU

These financial statements were authorised for issue by the director on 15 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Six Connections Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Six Connections Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year was 1 (2023 - 1).

 

Six Connections Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Intangible assets

Branding, development and website costs
£

Total
£

Cost or valuation

At 1 June 2023

34,418

34,418

Additions acquired separately

15,500

15,500

At 31 May 2024

49,918

49,918

Amortisation

At 1 June 2023

8,166

8,166

Amortisation charge

6,883

6,883

At 31 May 2024

15,049

15,049

Carrying amount

At 31 May 2024

34,869

34,869

At 31 May 2023

26,252

26,252

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

805

805

Additions

1,164

1,164

At 31 May 2024

1,969

1,969

Depreciation

At 1 June 2023

279

279

Charge for the year

131

131

At 31 May 2024

410

410

Carrying amount

At 31 May 2024

1,559

1,559

At 31 May 2023

526

526

 

Six Connections Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

6

Debtors

2024
£

2023
£

Trade debtors

2,994

26,075

Other debtors

10,354

11,755

13,348

37,830

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

1,587

5,975

Accruals and deferred income

9,865

18,702

Other creditors

12,000

18,485

23,452

43,162

8

Related party transactions

Transactions with the director

2024

At 1 June 2023
£

Advances to director
£

Repayments by director
£

At 31 May 2024
£

The loan is unsecured and is repayable on demand. Interest has been charged at the official rate.

(1,734)

(600)

2,500

166