Company Registration No. 6884815 (England and Wales)
Citrus Connect Ltd
Filleted accounts
for the period from 1 April 2024 to 31 December 2024
Citrus Connect Ltd
Filleted accounts
Contents
Citrus Connect Ltd
Company Information
for the period from 1 April 2024 to 31 December 2024
Company Number
6884815 (England and Wales)
Registered Office
No 1 Aire Street
Leeds
LS1 4PR
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
Citrus Connect Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
58,131
72,894
Cash at bank and in hand
133,550
185,298
Creditors: amounts falling due within one year
(106,799)
(127,034)
Net current assets
54,867
97,240
Total assets less current liabilities
112,998
170,134
Creditors: amounts falling due after more than one year
(4,506)
(38,662)
Provisions for liabilities
Deferred tax
(1,192)
(1,192)
Net assets
107,300
130,280
Called up share capital
1
1
Profit and loss account
107,299
130,279
Shareholders' funds
107,300
130,280
For the period 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 her 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 6 November 2025 and were signed on its behalf by
Leena Parmar
Director
Company Registration No. 6884815
Citrus Connect Ltd
Notes to the Accounts
for the period from 1 April 2024 to 31 December 2024
Citrus Connect Ltd is a private company, limited by shares, registered in England and Wales, registration number 6884815. The registered office is No 1 Aire Street, Leeds, LS1 4PR.
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 period, 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. 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.
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:
Motor vehicles
20% Straight Line
Computer equipment
25% 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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Citrus Connect Ltd
Notes to the Accounts
for the period from 1 April 2024 to 31 December 2024
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
99,980
23,466
123,446
At 31 December 2024
99,980
24,679
124,659
At 1 April 2024
31,094
19,458
50,552
Charge for the period
14,997
979
15,976
At 31 December 2024
46,091
20,437
66,528
At 31 December 2024
53,889
4,242
58,131
At 31 March 2024
68,886
4,008
72,894
5
Debtors
31/12/2024
31/03/2024
Amounts falling due within one year
Trade debtors
28,116
38,976
6
Creditors: amounts falling due within one year
31/12/2024
31/03/2024
Bank loans and overdrafts
7,554
7,775
Obligations under finance leases and hire purchase contracts
31,299
5,242
Taxes and social security
19,316
13,110
Other creditors
10,602
8,218
Loans from directors
22,839
34,304
7
Creditors: amounts falling due after more than one year
31/12/2024
31/03/2024
Obligations under finance leases and hire purchase contracts
-
30,732
8
Share capital
31/12/2024
31/03/2024
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Citrus Connect Ltd
Notes to the Accounts
for the period from 1 April 2024 to 31 December 2024
9
Average number of employees
During the period the average number of employees was 7 (31/03/2024: 6).