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Registration number: 03188992

Connectotel Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Connectotel Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Connectotel Ltd

Company Information

Directors

Marcus Williamson

Corella Hughes

Registered office

The Moorings
Gyllyngvase Road
Falmouth
TR11 4DJ

Accountants

Julia Evans Accountants Ltd 79-81 Boslowick Road
Falmouth Road
Falmouth
Cornwall
TR11 4QD

 

Connectotel Ltd

(Registration number: 03188992)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,384

3,604

Other financial assets

5

6,368

6,368

 

9,752

9,972

Current assets

 

Debtors

6

1,484

6,375

Cash at bank and in hand

 

3,223

5,235

 

4,707

11,610

Creditors: Amounts falling due within one year

7

(20,385)

(6,573)

Net current (liabilities)/assets

 

(15,678)

5,037

Total assets less current liabilities

 

(5,926)

15,009

Provisions for liabilities

(643)

-

Net (liabilities)/assets

 

(6,569)

15,009

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

(7,569)

14,009

Shareholders' (deficit)/funds

 

(6,569)

15,009

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 and 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Connectotel Ltd

(Registration number: 03188992)
Balance Sheet as at 30 April 2024

Approved and authorised by the Board on 20 January 2025 and signed on its behalf by:
 

.........................................
Marcus Williamson
Director

 

Connectotel Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

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

The address of its registered office is:
The Moorings
Gyllyngvase Road
Falmouth
TR11 4DJ

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 and assumed the continued support of the directors from the 12 months from the date these accounts are approved.

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 sales/value added tax, returns, rebates and discounts.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

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.

 

Connectotel Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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

Plant & Machinery

25% reducing balance

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 2).

 

Connectotel Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

56,404

56,404

Additions

1,050

1,050

Disposals

(189)

(189)

At 30 April 2024

57,265

57,265

Depreciation

At 1 May 2023

52,800

52,800

Charge for the year

1,128

1,128

Eliminated on disposal

(47)

(47)

At 30 April 2024

53,881

53,881

Carrying amount

At 30 April 2024

3,384

3,384

At 30 April 2023

3,604

3,604

5

Other financial assets (current and non-current)

2024
£

2023
£

Non-current financial assets

Financial assets at fair value through profit and loss

6,368

6,368

6

Debtors

Current

2024
£

2023
£

Prepayments

140

103

Other debtors

1,344

6,272

 

1,484

6,375

 

Connectotel Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

40

1,026

Accruals and deferred income

1,523

1,303

Other creditors

18,822

4,244

20,385

6,573