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Registered Number: 15022347
England and Wales

 

 

 

LITCONNECT TECHNOLOGIES LTD


Abridged Accounts
 


Period of accounts

Start date: 24 July 2023

End date: 31 July 2024
Report to the directors on the preparation of the unaudited statutory accounts of LITCONNECT TECHNOLOGIES LTD for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of LITCONNECT TECHNOLOGIES LTD for the year ended 31 July 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of LITCONNECT TECHNOLOGIES LTD, as a body, in accordance with the terms of our engagement letter dated 19 March 2025 Our work has been undertaken solely to prepare for your approval the accounts of LITCONNECT TECHNOLOGIES LTD and state those matters that we have agreed to state to the Board of Directors of LITCONNECT TECHNOLOGIES LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LITCONNECT TECHNOLOGIES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that LITCONNECT TECHNOLOGIES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of LITCONNECT TECHNOLOGIES LTD. You consider that LITCONNECT TECHNOLOGIES LTD is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of LITCONNECT TECHNOLOGIES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 July 2024



....................................................

SNP Plus Ltd

Accountants and Tax Advisors
284 Station Road
Harrow, London
HA1 2EA
19 March 2025
1
 
 
Notes
 
2024
£
Fixed assets    
Tangible fixed assets 3 1,199 
1,199 
Current assets    
Cash at bank and in hand 19 
Creditors: amount falling due within one year (2,749)
Net current assets (2,730)
 
Total assets less current liabilities (1,531)
Provisions for liabilities (228)
Net assets (1,759)
 

Capital and reserves
   
Called up share capital 4 100 
Profit and loss account (1,859)
Shareholders' funds (1,759)
 


For the period ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 19 March 2025 and were signed by:


-------------------------------
Janani Balachander
Director
2
General Information
LITCONNECT TECHNOLOGIES LTD is a private company, limited by shares, registered in England and Wales, registration number 15022347, registration address 39 ROYAL OAK ROAD, BEXLEYHEATH, DA6 7HQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The director believes that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, she has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus she continues to adopt the going concern basis of accounting in preparing the financial statements.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 20% Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the period was 0.
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 24 July 2023  
Additions 1,499    1,499 
Disposals  
At 31 July 2024 1,499    1,499 
Depreciation
At 24 July 2023  
Charge for period 300    300 
On disposals  
At 31 July 2024 300    300 
Net book values
Closing balance as at 31 July 2024 1,199    1,199 
Opening balance as at 24 July 2023  


4.

Share Capital

Allotted, called up and fully paid
2024
£
1 Class A share of £0.00 each
Issue of new shares
During the period, the company issued 100 ordinary shares of £1 each.

5.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2024
£
2024
£
Mrs. Janani Balachander2,449 

3