Company Registration No. NI043249 (Northern Ireland)
C. Connon Limited
Unaudited accounts
for the year ended 31 May 2024
C. Connon Limited
Statement of financial position
as at 31 May 2024
Tangible assets
1,140
1,520
Investment property
205,996
205,996
Cash at bank and in hand
52,578
51,890
Creditors: amounts falling due within one year
(169,012)
(138,832)
Net current liabilities
(116,434)
(86,942)
Called up share capital
1,000
1,000
Profit and loss account
89,702
119,574
Shareholders' funds
90,702
120,574
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 November 2024 and were signed on its behalf by
Charles Connon
Director
Company Registration No. NI043249
C. Connon Limited
Notes to the Accounts
for the year ended 31 May 2024
C. Connon Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI043249. The registered office is 19 Deramore Park, Ballymena, County Antrim, BT43 7ED, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Having reviewed the resources available the director believes that the company has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in the preparation of its financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of rental 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight line
C. Connon Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 June 2023
205,996
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,667
-
Loans from directors
166,865
136,866
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).