REGISTERED NUMBER: 04238885 (England and Wales)

CONNECT YORKSHIRE

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Report of the Directors

2

Statement of Income and Retained Earnings

3

Balance Sheet

4

Notes to the Financial Statements

5

to

7

DIRECTORS:

S R Conboy

C Broad

P J Harris

P D Kenny

R Harvey

D R Smalley

T L Kendall

REGISTERED OFFICE:

3365 The Pentagon

Century Way

Thorpe Park

Leeds

West Yorkshire

LS15 8ZB

REGISTERED NUMBER:

04238885 (England and Wales)

ACCOUNTANTS:

Thomas Coombs Limited

Chartered Accountants

3365 The Pentagon

Century Way

Thorpe Park

Leeds

West Yorkshire

LS15 8ZB

The directors present their report with the financial statements of the company for the year ended 31st March 2025.

DIRECTORS

S R Conboy has held office during the whole of the period from 1st April 2024 to the date of this report.

Other changes in directors holding office are as follows:

C Broad , P J Harris , P D Kenny , R Harvey , D R Smalley and T L Kendall were appointed as directors after 31st March 2025 but prior to the date of this report.

R J Moran and A J Ullmann ceased to be directors after 31st March 2025 but prior to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

S R Conboy - Director

15th December 2025

TURNOVER

179,899

142,772

Cost of sales

90,513

58,362

GROSS SURPLUS

89,386

84,410

Administrative expenses

81,225

101,471

OPERATING SURPLUS/(DEFICIT)

8,161

(17,061

)

Interest receivable and similar income

73

2

8,234

(17,059

)

Interest payable and similar expenses

346

150

SURPLUS/(DEFICIT) BEFORE TAXATION

7,888

(17,209

)

Tax on surplus/(deficit)

-

-

SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR

7,888

(17,209

)

Retained earnings at beginning of year

(104,046

)

(86,837

)

RETAINED EARNINGS AT END OF YEAR

(96,158

)

(104,046

)

CURRENT ASSETS

Debtors

5

46,879

44,290

Cash at bank

17,060

11,573

63,939

55,863

CREDITORS

Amounts falling due within one year

6

105,524

98,270

NET CURRENT LIABILITIES

(41,585

)

(42,407

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(41,585

)

(42,407

)

CREDITORS

Amounts falling due after more than one year

7

54,573

61,639

NET LIABILITIES

(96,158

)

(104,046

)

RESERVES

Income and expenditure account

(96,158

)

(104,046

)

(96,158

)

(104,046

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 surplus or deficit 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 15th December 2025 and were signed on its behalf by:

S R Conboy - Director

1.	STATUTORY INFORMATION

Connect Yorkshire is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

At the time of signing these accounts, having considered the economic climate, the directors expectations and intentions for the next 12 months, and the availability of working capital, the directors are of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going concern basis.

Turnover

Income and expenses are included in the financial statements as they become receivable or due.

Tangible fixed assets

Tangible fixed assets arc initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery

3 years straight line

Computer Equipment

3 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

Financial instruments

The company only enters into transactions in ‘basic’ financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company’s balance sheet when it becomes party to the contractual provisions of the instrument.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Pension costs and other post-retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

and 31st March 2025

7,418

DEPRECIATION

At 1st April 2024

and 31st March 2025

7,418

NET BOOK VALUE

At 31st March 2025

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

46,340

43,733

Other debtors

539

557

46,879

44,290

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,066

6,324

Trade creditors

481

2,398

Taxation and social security

31,566

22,529

Other creditors

66,411

67,019

105,524

98,270

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

4,573

11,639

Other creditors

50,000

50,000

54,573

61,639

8.	LIMITED BY GUARANTEE

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.