Registered number
09645943
Iconnect S & M Limited
Report and Accounts
30 June 2024
Iconnect S & M Limited
Registered number: 09645943
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,784 -
Current assets
Stocks 22,625 4,496
Cash at bank and in hand 5,788 54,749
28,413 59,245
Creditors: amounts falling due within one year 4 (10,640) (27,337)
Net current assets 17,773 31,908
Total assets less current liabilities 24,557 31,908
Creditors: amounts falling due after more than one year 5 (7,875) (10,741)
Net assets 16,682 21,167
Capital and reserves
Called up share capital 100 100
Profit and loss account 16,582 21,067
Shareholders' funds 16,682 21,167
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Gurmeet Kaur
Director
Approved by the board on 30 October 2024
Iconnect S & M Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
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).
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 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
Additions 8,480
At 30 June 2024 8,480
Depreciation
Charge for the year 1,696
At 30 June 2024 1,696
Net book value
At 30 June 2024 6,784
4 Creditors: amounts falling due within one year 2024 2023
£ £
Wages - 1,185
Trade creditors 2,372 5,724
Corporation tax 2,317 5,050
Other taxes and social security costs 4,839 574
Other creditors 1,112 14,804
10,640 27,337
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,875 10,741
6 Other information
Iconnect S & M Limited is a private company limited by shares and incorporated in England. Its registered office is:
98 PRINCESS STREET
COVENTRY
CV6 5BU
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