Company Registration No. 07462353 (England and Wales)
Rkonnect Limited
Unaudited accounts
for the year ended 31 December 2024
Rkonnect Limited
Unaudited accounts
Contents
Rkonnect Limited
Company Information
for the year ended 31 December 2024
Company Number
07462353 (England and Wales)
Registered Office
20 Oliver Business Park
Oliver Road
London
NW10 7JB
England
Rkonnect Limited
Statement of financial position
as at 31 December 2024
Tangible assets
647,447
483,473
Cash at bank and in hand
937
14,129
Creditors: amounts falling due within one year
(170,949)
(197,854)
Net current liabilities
(170,012)
(146,962)
Total assets less current liabilities
477,435
336,511
Creditors: amounts falling due after more than one year
(224,770)
(236,996)
Provisions for liabilities
Deferred tax
(67,228)
(20,050)
Called up share capital
1
1
Profit and loss account
185,436
79,464
Shareholders' funds
185,437
79,465
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 September 2025 and were signed on its behalf by
Mr C Patel
Director
Company Registration No. 07462353
Rkonnect Limited
Notes to the Accounts
for the year ended 31 December 2024
Rkonnect Limited is a private company, limited by shares, registered in England and Wales, registration number 07462353. The registered office is 20 Oliver Business Park, Oliver Road, London, NW10 7JB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rkonnect Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At valuation
At cost
At 1 January 2024
480,000
13,160
493,160
Revaluations
165,000
-
165,000
Disposals
-
(4,380)
(4,380)
At 31 December 2024
645,000
8,780
653,780
At 1 January 2024
-
9,687
9,687
Charge for the year
-
613
613
On disposals
-
(3,967)
(3,967)
At 31 December 2024
-
6,333
6,333
At 31 December 2024
645,000
2,447
647,447
At 31 December 2023
480,000
3,473
483,473
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,324
16,429
Taxes and social security
2,039
3,894
Other creditors
29,284
10,887
Loans from directors
137,402
164,144
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
224,770
236,996
Bank loans are secured by first legal charge over the company's freehold land and buildings.
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).