IRIS Accounts Production v24.3.0.553 04171071 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041710712023-03-31041710712024-03-31041710712023-04-012024-03-31041710712022-03-31041710712022-04-012023-03-31041710712023-03-3104171071ns15:EnglandWales2023-04-012024-03-3104171071ns14:PoundSterling2023-04-012024-03-3104171071ns10:Director12023-04-012024-03-3104171071ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104171071ns10:SmallEntities2023-04-012024-03-3104171071ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104171071ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104171071ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104171071ns10:AbridgedAccounts2023-04-012024-03-3104171071ns10:Director22023-04-012024-03-3104171071ns10:Director32023-04-012024-03-3104171071ns10:RegisteredOffice2023-04-012024-03-3104171071ns5:CurrentFinancialInstruments2024-03-3104171071ns5:CurrentFinancialInstruments2023-03-3104171071ns5:ShareCapital2024-03-3104171071ns5:ShareCapital2023-03-3104171071ns5:RetainedEarningsAccumulatedLosses2024-03-3104171071ns5:RetainedEarningsAccumulatedLosses2023-03-3104171071ns5:PlantMachinery2023-04-012024-03-31
REGISTERED NUMBER: 04171071 (England and Wales)















Connect Electrical Services Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Connect Electrical Services Limited (Registered number: 04171071)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Connect Electrical Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C B Heal
Mrs C A Heal
R C Heal



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 04171071 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: National Westminster Bank plc
9 York Buildings
Cornhill
Bridgwater
Somerset
TA6 3BU

Connect Electrical Services Limited (Registered number: 04171071)

Abridged Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 20,442 20,678

CURRENT ASSETS
Stocks 11,500 10,250
Debtors 339,062 200,776
Cash at bank 3,874 2,710
354,436 213,736
CREDITORS
Amounts falling due within one year 157,950 128,845
NET CURRENT ASSETS 196,486 84,891
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,928

105,569

PROVISIONS FOR LIABILITIES 5,008 3,929
NET ASSETS 211,920 101,640

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 210,920 100,640
SHAREHOLDERS' FUNDS 211,920 101,640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Connect Electrical Services Limited (Registered number: 04171071)

Abridged Statement of Financial Position - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:





C B Heal - Director


Connect Electrical Services Limited (Registered number: 04171071)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Connect Electrical Services Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Connect Electrical Services Limited (Registered number: 04171071)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 38,456
Additions 6,312
At 31 March 2024 44,768
DEPRECIATION
At 1 April 2023 17,778
Charge for year 6,548
At 31 March 2024 24,326
NET BOOK VALUE
At 31 March 2024 20,442
At 31 March 2023 20,678

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C B Heal and C A Heal.

The above directors controlled the company throughout the current and previous period, by virtue of the fact that they own all the company's issued share capital.