REGISTERED NUMBER: 14747904 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CONNECT BUILD LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr L A Clark

Mr J G Ellis

Mr L Parker

Mrs C Clark

REGISTERED OFFICE:

72 Walnut Road

Torquay

TQ2 6HU

REGISTERED NUMBER:

14747904 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

BANKERS:

Starling

FIXED ASSETS

Tangible assets

4

36,418

31,113

CURRENT ASSETS

Debtors

5

49,854

99,549

Cash at bank

55,628

14,285

105,482

113,834

CREDITORS

Amounts falling due within one year

6

118,120

67,945

NET CURRENT (LIABILITIES)/ASSETS

(12,638

)

45,889

TOTAL ASSETS LESS CURRENT LIABILITIES

23,780

77,002

CREDITORS

Amounts falling due after more than one year

7

(6,546

)

(7,934

)

PROVISIONS FOR LIABILITIES

(8,868

)

-

NET ASSETS

8,366

69,068

CAPITAL AND RESERVES

Called up share capital

198

198

Retained earnings

8,168

68,870

SHAREHOLDERS' FUNDS

8,366

69,068

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:

Mr L A Clark - Director

Mr L Parker - Director

1.	STATUTORY INFORMATION

Connect Build 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.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

1,667

38,694

1,012

41,373

Additions

16,350

-

-

16,350

At 31 March 2025

18,017

38,694

1,012

57,723

DEPRECIATION

At 1 April 2024

333

9,674

253

10,260

Charge for year

3,537

7,255

253

11,045

At 31 March 2025

3,870

16,929

506

21,305

NET BOOK VALUE

At 31 March 2025

14,147

21,765

506

36,418

At 31 March 2024

1,334

29,020

759

31,113

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

1

Amounts recoverable on contract

29,745

28,000

Directors' current accounts

17,859

71,548

Prepayments

2,250

-

49,854

99,549

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

2,187

2,792

Trade creditors

24,551

775

Tax

39,885

9,163

Social security and other taxes

4,483

8,840

VAT

18,376

31,060

Other creditors

14,000

14,000

Directors' current accounts

3,140

-

Accruals and deferred income

9,838

-

Accrued expenses

1,660

1,315

118,120

67,945

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

6,546

7,934

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2025 and the period ended 31 March 2024:

2025

2024

£

£

Mr L A Clark

Balance outstanding at start of year

28,634

-

Amounts advanced

55,682

50,160

Amounts repaid

(75,175

)

(21,526

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,141

28,634

Mr J G Ellis

Balance outstanding at start of year

30,459

-

Amounts advanced

53,434

49,735

Amounts repaid

(75,175

)

(19,276

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

8,718

30,459

Mr L Parker

Balance outstanding at start of year

12,383

-

Amounts advanced

50,478

28,373

Amounts repaid

(66,001

)

(15,990

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(3,140

)

12,383

9.	RELATED PARTY DISCLOSURES

Included in other creditors is an amount owed to Ellis and Clark Construction Ltd of £14,000 (2024:14,000), a company owed and controlled by the directors.