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Registered number: 4850973

123CONNECT LIMITED

ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Prepared By:

McMillan Rose & Co Ltd

Chartered Certified Accountants

Haltgate House

52a Hullbridge Road

South Woodham Ferrrers

Essex

CM3 5NH

123CONNECT LIMITED

ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

DIRECTORS

J Collins

Mrs K Collins

SECRETARY

K Collins

REGISTERED OFFICE

65a Brock Hill

Runwell

Wickford

Essex

SS11 7NS

COMPANY DETAILS

Private company limited by shares registered in EW - England and Wales, registered number 4850973

ACCOUNTANTS

McMillan Rose & Co Ltd

Chartered Certified Accountants

Haltgate House

52a Hullbridge Road

South Woodham Ferrrers

Essex

CM3 5NH

123CONNECT LIMITED

ACCOUNTS
FOR THEYEARENDED31 DECEMBER 2024
CONTENTS
		Page
Directors' Report		-
Accountants' Report		-
Statement Of Comprehensive Income		-
Balance Sheet		3
Notes To The Accounts		4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account		-
Profit And Loss Account Summaries		-

123CONNECT LIMITED

BALANCE SHEET AT 31 December 2024
						2024				2023
		Notes				£				£
FIXED ASSETS
Intangible assets		3				-				115
Tangible assets		4				7,640				3,775
Investment Assets		5				96,784				96,784
						104,424				100,674
CURRENT ASSETS
Debtors		6		317,392				255,425
Cash at bank and in hand				162,508				199,088
				479,900				454,513
CREDITORS: Amounts falling due within one year		7		77,102				118,990
NET CURRENT ASSETS						402,798				335,523
TOTAL ASSETS LESS CURRENT LIABILITIES						507,222				436,197
CREDITORS: Amounts falling due after more than one year		8				23,112				28,334
PROVISIONS FOR LIABILITIES AND CHARGES		9				1,911				974
NET ASSETS						482,199				406,889
CAPITAL AND RESERVES
Called up share capital		10				100				100
Profit and loss account						482,099				406,789
SHAREHOLDERS' FUNDS						482,199				406,889
For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 23 September 2025 and signed on their behalf by
.............................
J Collins
Director

123CONNECT LIMITED

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

1a. Basis Of Accounting FRS 1021 a

The accounts have been prepared in accordance with FRS102 section 1A - The financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipment		reducing balance 25%

1c. Goodwill

Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 10 years Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

2. EMPLOYEES
				2024		2023
				No.		No.
Average number of employees				2		2

3. INTANGIBLE FIXED ASSETS
		Purchased
		Goodwill		Total
		£		£
Cost
At 1 January 2024		27,055		27,055
At 31 December 2024		27,055		27,055
Depreciation
At 1 January 2024		26,940		26,940
For the year		115		115
At 31 December 2024		27,055		27,055
Net Book Amounts
At 31 December 2024		-		-
At 31 December 2023		115		115

123CONNECT LIMITED

4. TANGIBLE FIXED ASSETS
		Plant and
		Machinery Etc.		Total
		£		£
Cost
At 1 January 2024		19,878		19,878
Additions		6,815		6,815
Disposals		(9,307)		(9,307)
At 31 December 2024		17,386		17,386
Depreciation
At 1 January 2024		16,103		16,103
Disposals		(8,904)		(8,904)
For the year		2,547		2,547
At 31 December 2024		9,746		9,746
Net Book Amounts
At 31 December 2024		7,640		7,640
At 31 December 2023		3,775		3,775

5. FINANCIAL ASSETS
		Other
		Investments		Total
		£		£
Cost
At 1 January 2024		96,784		96,784
At 31 December 2024		96,784		96,784
Amortisation
Net Book Amounts
At 31 December 2024		96,784		96,784
At 31 December 2023		96,784		96,784

123CONNECT LIMITED

6. DEBTORS				2024		2023
				£		£
Amounts falling due within one year:
Trade debtors				26,436		5,399
Other debtors				140,956		250,026
				167,392		255,425
Amounts falling due after more than one year:
Long term debtor				150,000		-
				150,000		-

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2024		2023
				£		£
Bank loans and overdrafts				5,478		5,599
Trade creditors				4,166		2,963
Taxation and social security				63,958		108,328
Other creditors				3,500		2,100
				77,102		118,990

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
				2024		2023
				£		£
Bank loans and overdrafts				23,112		28,334
				23,112		28,334

123CONNECT LIMITED

9. PROVISIONS FOR LIABILITIES				2024		2023
				£		£
Deferred taxation				1,911		974
				1,911		974

10. SHARE CAPITAL				2024		2023
				£		£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each				100		100
				100		100