REGISTERED NUMBER: 04955752

FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025

FOR

M J CONNOLE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M J Connole

REGISTERED OFFICE:

Ossington Chambers

6/8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

REGISTERED NUMBER:

04955752

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

11,751

15,667

11,751

15,667

CURRENT ASSETS

Stocks

500

500

Debtors

6

492

469

Cash at bank

29,193

27,434

30,185

28,403

CREDITORS

Amounts falling due within one year

7

12,249

11,873

NET CURRENT ASSETS

17,936

16,530

TOTAL ASSETS LESS CURRENT LIABILITIES

29,687

32,197

CREDITORS

Amounts falling due after more than one year

8

(717

)

(3,539

)

PROVISIONS FOR LIABILITIES

9

(2,233

)

(2,977

)

NET ASSETS

26,737

25,681

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

26,735

25,679

SHAREHOLDERS' FUNDS

26,737

25,681

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 3rd November 2025 and were signed by:

M J Connole - Director

1.	STATUTORY INFORMATION

M J Connole Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 6th April 2024

and 5th April 2025

20,000

AMORTISATION

At 6th April 2024

and 5th April 2025

20,000

NET BOOK VALUE

At 5th April 2025

-

At 5th April 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 6th April 2024

and 5th April 2025

1,799

32,169

33,968

DEPRECIATION

At 6th April 2024

1,589

16,712

18,301

Charge for year

52

3,864

3,916

At 5th April 2025

1,641

20,576

22,217

NET BOOK VALUE

At 5th April 2025

158

11,593

11,751

At 5th April 2024

210

15,457

15,667

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5/4/25

5/4/24

£

£

Prepayments

492

469

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5/4/25

5/4/24

£

£

Bank loans and overdrafts

2,823

2,753

Trade creditors

437

1,343

Tax

7,248

6,104

Social security and other taxes

119

119

Director's current account

2

6

Accrued expenses

1,620

1,548

12,249

11,873

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5/4/25

5/4/24

£

£

Bank loans - 1-2 years

717

2,822

Bank loans - 2-5 years

-

717

717

3,539

9.	PROVISIONS FOR LIABILITIES

5/4/25

5/4/24

£

£

Deferred tax

2,233

2,977

Deferred

tax

£

Balance at 6th April 2024

2,977

Credit to Statement of Income and Retained Earnings during year

(744

)

Balance at 5th April 2025

2,233

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5/4/25

5/4/24

value:

£

£

2

Ordinary shares

1

2

2

11.	ULTIMATE CONTROLLING PARTY

Mr M J Connole owns 100% of the issued share capital of the company.