Registered number
06734498
Connected Thought Limited
Filleted Accounts
31 October 2024
Connected Thought Limited
Registered number: 06734498
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,373 2,359
Current assets
Debtors 4 20,854 16,587
Cash at bank and in hand 227,798 100,441
248,652 117,028
Creditors: amounts falling due within one year 5 (53,080) (17,662)
Net current assets 195,572 99,366
Net assets 197,945 101,725
Capital and reserves
Called up share capital 100 100
Profit and loss account 197,845 101,625
Shareholder's funds 197,945 101,725
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 member has 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.
Mr Andrew Thomas
Director
Approved by the board on 14 July 2025
Connected Thought Limited
Notes to the Accounts
for the year ended 31 October 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% Reducing Balance
Fixtures, fittings, tools and equipment 20% Reducing Balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Furniture & Fixtures Plant and machinery etc Total
£ £ £
Cost
At 1 November 2023 283 3,899 4,182
Additions - 607 607
At 31 October 2024 283 4,506 4,789
Depreciation
At 1 November 2023 102 1,721 1,823
Charge for the year 36 557 593
At 31 October 2024 138 2,278 2,416
Net book value
At 31 October 2024 145 2,228 2,373
At 31 October 2023 181 2,178 2,359
4 Debtors 2024 2023
£ £
Trade debtors 20,348 16,380
Other debtors 506 207
20,854 16,587
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 42,924 9,184
Other creditors 10,156 8,478
53,080 17,662
6 Other information
Connected Thought Limited is a private company limited by shares and incorporated in England. Its registered office is:
255 Poulton Road
Wallasey
Wirral
CH44 4BT
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