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REGISTERED NUMBER: 07146055 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2024

for

The Connected IT Company Ltd

The Connected IT Company Ltd (Registered number: 07146055)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Connected IT Company Ltd

Company Information
for the Year Ended 28 February 2024







DIRECTOR: S Pritchard





REGISTERED OFFICE: 5 The Dovecotts
Mansel Lacy
Herefordshire
HR4 7HQ





REGISTERED NUMBER: 07146055 (England and Wales)






The Connected IT Company Ltd (Registered number: 07146055)

Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,028 1,846
Investments 5 3,000 3,000
4,028 4,846

CURRENT ASSETS
Debtors 6 20,147 49,566
Cash at bank 37,379 18,011
57,526 67,577
CREDITORS
Amounts falling due within one year 7 37,587 58,683
NET CURRENT ASSETS 19,939 8,894
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,967

13,740

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 23,966 13,739
SHAREHOLDERS' FUNDS 23,967 13,740

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The Connected IT Company Ltd (Registered number: 07146055)

Balance Sheet - continued
28 February 2024


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

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

The financial statements were approved by the director and authorised for issue on 13 January 2025 and were signed by:





S Pritchard - Director


The Connected IT Company Ltd (Registered number: 07146055)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

The Connected IT Company Ltd 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc - 20% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

The Connected IT Company Ltd (Registered number: 07146055)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 28 February 2024 4,091
DEPRECIATION
At 1 March 2023 2,245
Charge for year 818
At 28 February 2024 3,063
NET BOOK VALUE
At 28 February 2024 1,028
At 28 February 2023 1,846

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
28.2.24 28.2.23
£    £   
Brought forward 3,000 16,467
Addition - 3,000
Disposal - (16,467 )
3,000 3,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Other debtors 20,147 49,566

The Connected IT Company Ltd (Registered number: 07146055)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade creditors 2 (1 )
Taxation and social security 7,751 23,274
Other creditors 29,834 35,410
37,587 58,683

8. CONTROL

The controlling party is S Pritchard.