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Connect IT Consultancy Ltd

Registered Number
07559989
(England and Wales)

Unaudited Financial Statements for the Period ended
30 September 2024

Connect IT Consultancy Ltd
Company Information
for the period from 1 April 2024 to 30 September 2024

Director

Paul Richards

Registered Address

Unit 4, Sandy Court, Ashleigh Way
Plympton
Plymouth
PL7 5JX

Registered Number

07559989 (England and Wales)
Connect IT Consultancy Ltd
Balance Sheet as at
30 September 2024

Notes

30 Sep 2024

31 Mar 2024

£

£

£

£

Current assets
Debtors6159,052
Cash at bank and on hand7,1183,654
7,73312,706
Creditors amounts falling due within one year4(6,161)(8,355)
Net current assets (liabilities)1,5724,351
Total assets less current liabilities1,5724,351
Net assets1,5724,351
Capital and reserves
Called up share capital101101
Profit and loss account1,4714,250
Shareholders' funds1,5724,351
The financial statements were approved and authorised for issue by the Director on 11 December 2024, and are signed on its behalf by:
Paul Richards
Director
Registered Company No. 07559989
Connect IT Consultancy Ltd
Notes to the Financial Statements
for the period ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of 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.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

20242024
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 April 24727727
Disposals(727)(727)
Depreciation and impairment
At 01 April 24727727
On disposals(727)(727)
Net book value
At 30 September 24--
At 31 March 24--
4.Creditors: amounts due within one year

2024

2024

££
Trade creditors / trade payables82182
Taxation and social security4,8616,526
Other creditors1561,647
Accrued liabilities and deferred income1,062-
Total6,1618,355
5.Provisions for liabilities
6.Related party transactions
The director Paul Richards is owed £156.00 from the company at 30th September 2024 (2024 - company owed the director £5245.10)