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REGISTERED NUMBER: 12849018 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Connect Management ltd

Connect Management ltd (Registered number: 12849018)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Connect Management ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: B S Leslie





SECRETARY:





REGISTERED OFFICE: Unit 4, The Courtyard Villiers Road
London
NW2 5PJ





REGISTERED NUMBER: 12849018 (England and Wales)





ACCOUNTANTS: AFE Accountants Limited
North London Business Park
Oakleigh Road South
New Southgate
London
N11 1GN

Connect Management ltd (Registered number: 12849018)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 157,551 191,140

CURRENT ASSETS
Debtors 5 940,664 348,796
Cash at bank 419,652 246,349
1,360,316 595,145
CREDITORS
Amounts falling due within one year 6 1,250,795 570,114
NET CURRENT ASSETS 109,521 25,031
TOTAL ASSETS LESS CURRENT
LIABILITIES

267,072

216,171

CREDITORS
Amounts falling due after more than
one year

7

23,393

127,342
NET ASSETS 243,679 88,829

CAPITAL AND RESERVES
Called up share capital 900 100
Retained earnings 242,779 88,729
243,679 88,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Connect Management ltd (Registered number: 12849018)

Balance Sheet - continued
30 September 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 27 June 2025 and were signed by:





B S Leslie - Director


Connect Management ltd (Registered number: 12849018)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Connect Management 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 each asset over its estimated useful life.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Connect Management ltd (Registered number: 12849018)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 297,618
Additions 56,458
Disposals (49,958 )
At 30 September 2024 304,118
DEPRECIATION
At 1 October 2023 106,478
Charge for year 61,946
Eliminated on disposal (21,857 )
At 30 September 2024 146,567
NET BOOK VALUE
At 30 September 2024 157,551
At 30 September 2023 191,140

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 566,079 154,521
Amounts owed by participating interests 31,000 -
Other debtors 343,585 194,275
940,664 348,796

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 21,924 21,942
Hire purchase contracts 25,364 37,247
Trade creditors 202,487 125,238
Amounts owed to participating interests 26,471 -
Taxation and social security 213,157 146,082
Other creditors 761,392 239,605
1,250,795 570,114

Connect Management ltd (Registered number: 12849018)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 23,393 127,342

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
B S Leslie
Balance outstanding at start of year 190,675 38,298
Amounts advanced 566,982 374,177
Amounts repaid (417,672 ) (221,800 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 339,985 190,675

Dividends of £401,177 declared in the accounts. Interest is charged based on official interest rate of HMRC.