2Connect Equities Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14960758

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		3,723		4,153
Tangible Assets	5		82,614		105,206

			86,337		109,359
CURRENT ASSETS
Debtors	6	927		-
Cash at bank and in hand		32,513		148,863

		33,440		148,863
Creditors: Amounts Falling Due Within One Year	7	(71,629 )		(92,798 )

NET CURRENT ASSETS (LIABILITIES)			(38,189 )		56,065

TOTAL ASSETS LESS CURRENT LIABILITIES			48,148		165,424

Creditors: Amounts Falling Due After More Than One Year	8		-		(82,309 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(21,584 )		(27,340 )

NET ASSETS			26,564		55,775

CAPITAL AND RESERVES
Called up share capital	10		150		150
Profit and Loss Account			26,414		55,625

SHAREHOLDERS' FUNDS			26,564		55,775

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2Connect Equities Ltd

Balance Sheet (continued)

As At 30 June 2025

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr A Mohsin

Director

15 October 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

2Connect Equities Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14960758 . The registered office is First Floor Sterling House, Outrams Wharf, Little Eaton, Derby, DE21 5EL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are the investments in licences. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

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2Connect Equities Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

4. Intangible Assets

	Other
	£
Cost
As at 1 July 2024	4,296

As at 30 June 2025	4,296

Amortisation
As at 1 July 2024	143
Provided during the period	430

As at 30 June 2025	573

Net Book Value
As at 30 June 2025	3,723

As at 1 July 2024	4,153

5. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 July 2024	109,760	3,876	1,654	115,290
Additions	-	2,794	1,728	4,522

As at 30 June 2025	109,760	6,670	3,382	119,812

Depreciation
As at 1 July 2024	9,147	758	179	10,084
Provided during the period	25,153	1,304	657	27,114

As at 30 June 2025	34,300	2,062	836	37,198

Net Book Value
As at 30 June 2025	75,460	4,608	2,546	82,614

As at 1 July 2024	100,613	3,118	1,475	105,206

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	927	-

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2Connect Equities Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	9,783
Trade creditors	4,061	3,820
Other creditors	56,040	48,284
Taxation and social security	11,528	30,911

	71,629	92,798

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	82,309

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	9,783
Less: Finance charges allocated to future periods	-	(82,309 )

	-	92,092

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	150	150

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