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Registered number: 13344736
Connex Utilities Ltd
Financial Statements
For The Year Ended 30 April 2024
Simply Accounts
1 Queen's Park Road
Handbridge
Chester
Cheshire
CH4 7AD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13344736
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 35,327 13,721
35,327 13,721
CURRENT ASSETS
Debtors 5 50,872 27,431
Cash at bank and in hand 2,950 30,483
53,822 57,914
Creditors: Amounts Falling Due Within One Year 6 (27,829 ) (60,856 )
NET CURRENT ASSETS (LIABILITIES) 25,993 (2,942 )
TOTAL ASSETS LESS CURRENT LIABILITIES 61,320 10,779
Creditors: Amounts Falling Due After More Than One Year 7 (22,883 ) (10,767 )
NET ASSETS 38,437 12
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 38,436 11
SHAREHOLDERS' FUNDS 38,437 12
Page 1
Page 2
For the 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.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Brian Laing
Director
08/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Connex Utilities Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13344736 . The registered office is 32 Hampstead Road, Wallasey, CH44 9BL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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.
Deferred tax is recognised on 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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.
...CONTINUED
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2.5. Taxation - continued
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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 619 20,745 833 665 22,862
Additions - 31,490 - 212 31,702
As at 30 April 2024 619 52,235 833 877 54,564
Depreciation
As at 1 May 2023 155 8,467 208 311 9,141
Provided during the period 116 9,661 156 163 10,096
As at 30 April 2024 271 18,128 364 474 19,237
Net Book Value
As at 30 April 2024 348 34,107 469 403 35,327
As at 1 May 2023 464 12,278 625 354 13,721
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 25,296 24,806
Other debtors 2,625 2,625
CIS Asset 22,951 -
50,872 27,431
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,031 3,797
Bank loans and overdrafts 4,188 41,860
Corporation tax 3,902 4,105
Other taxes and social security 1,899 3,126
VAT 6,402 7,957
Director's loan account 407 11
27,829 60,856
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 22,883 10,767
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 33,914 14,564
Other Creditors 28,994 41,860
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,009 5,898
Later than one year and not later than five years 28,552 16,721
42,561 22,619
Less: Finance charges allocated to future periods 8,647 8,055
33,914 14,564
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
11. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 25,000 19,150
12. Related Party Transactions
At the balance sheet date, an amount of £407 was owed to Mr Brian Laing, a director of the company.
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