Registered number
06117819
CONNECTWELL LIMITED
Filleted Accounts
31 March 2025
CONNECTWELL LIMITED
Registered number: 06117819
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 10,788 11,980
Investments 5 391,499 358,469
402,287 370,449
Current assets
Debtors 6 116,029 120,339
Cash at bank and in hand 6,043 43,370
122,072 163,709
Creditors: amounts falling due within one year 7 (3,867) (32,732)
Net current assets 118,205 130,977
Net assets 520,492 501,426
Capital and reserves
Called up share capital 100 100
Profit and loss account 520,392 501,326
Shareholders' funds 520,492 501,426
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.
Steven Bernard
Director
Approved by the board on 29 July 2025
CONNECTWELL LIMITED
Notes to the Accounts
for the year ended 31 March 2025
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 25% and 10% reducing balance basis
Fixtures, fittings, tools and equipment 25% and 10% reducing balance basis
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 16,000
At 31 March 2025 16,000
Amortisation
At 1 April 2024 16,000
At 31 March 2025 16,000
Net book value
At 31 March 2025 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 30,206
Additions 374
At 31 March 2025 30,580
Depreciation
At 1 April 2024 18,226
Charge for the year 1,566
At 31 March 2025 19,792
Net book value
At 31 March 2025 10,788
At 31 March 2024 11,980
5 Investments
Other
investments
£
Cost
At 1 April 2024 358,469
Additions 33,030
At 31 March 2025 391,499
6 Debtors 2025 2024
£ £
Other debtors 116,029 120,339
7 Creditors: amounts falling due within one year 2025 2024
£ £
Corporation tax - 29,456
Other taxes and social security costs 2,033 2,034
Other creditors 1,834 1,242
3,867 32,732
8 Other information
CONNECTWELL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
73 Boldmere Road
Pinner
Middlesex
HA5 1PL
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