(CA)NNECTION LIMITED


Directors	John Everingham
	Russell Field
	Nicole Martin
	Cassi Ozen


Company Secretary	FIELD, Russell Colin


Registered Address	C/O Morr & Co Llp, First Floor Connect House
	133-137 Alexandra Road, Wimbledon
	London
	SW19 7JY


Registered Number	12930070 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		2,777		3,139
Tangible assets	4		2,884		6,205
Investments	5		-		130
			5,661		9,474
Current assets
Debtors		118,845		271,507
Cash at bank and on hand		478,295		624,988
		597,140		896,495
Creditors amounts falling due within one year		(135,080)		(229,002)
Net current assets (liabilities)			462,060		667,493
Total assets less current liabilities			467,721		676,967
Net assets			467,721		676,967
Capital and reserves
Called up share capital			6,530		6,500
Share premium			9,000		9,000
Profit and loss account			452,191		661,467
Shareholders' funds			467,721		676,967

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 17 December 2025, and are signed on its behalf by:

Russell Field
Director
Registered Company No. 12930070

(CA)NNECTION LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares, incorporated in England & Wales under the Companies Act 2006. The company's registered number is 12930070. The registered office address of the company has been changed on 27 May 2025 from that showing on the Company Information page to C/O Morr & Co LLP, 5th Floor, Mansel Court, 2a Mansel Road, Wimbledon, SW19 4AA. The principal activity of the company, which operates from England, is to act as a specialist recruitment agency. The company works with selected international employers of finance professionals and other workforce members to connect ambitious graduates, chartered accountants and other financially or otherwise commercially experienced individuals to new global employment opportunities.

Statutory information

The company is a private company limited by shares, incorporated in England & Wales under the Companies Act 2006. The company's registered number is 12930070. The registered office address of the company has been changed on 27 May 2025 from that showing on the Company Information page to C/O Morr & Co LLP, 5th Floor, Mansel Court, 2a Mansel Road, Wimbledon, SW19 4AA.

The principal activity of the company, which operates from England, is to act as a specialist recruitment agency. 

The company works with selected international employers of finance professionals and other workforce members to connect ambitious graduates, chartered accountants and other financially or otherwise commercially experienced individuals to new global employment opportunities.

	Statement of compliance
	The financial statements have been prepared in accordance with FRS 102 Section 1A (Small Entities) and on a historical cost basis. The preparation of financial statements in compliance with FRS 102 Section 1A (Small Entities) may require the use of certain critical accounting estimates. It may also require management to exercise judgement in applying the accounting policies. However, in respect of the particular financial years covered by these financial statements the directors do not consider that there were any such significant estimates or judgements required in the preparation of the financial statements. The principal accounting policies, which were applied consistently during the year, are set out below.

Statement of compliance

The financial statements have been prepared in accordance with FRS 102 Section 1A (Small Entities) and on a historical cost basis. 

The preparation of financial statements in compliance with FRS 102 Section 1A (Small Entities) may require the use of certain critical accounting estimates. It may also require management to exercise judgement in applying the accounting policies. However, in respect of the particular financial years covered by these financial statements the directors do not consider that there were any such significant estimates or judgements required in the preparation of the financial statements. 

The principal accounting policies, which were applied consistently during the year, are set out below.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	After taking into account the cash and net assets position of the company and reviewing it's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of any discounts and value added taxes. The policy adopted for the recognition of turnover is as follows: Turnover from the rendering of recruitment services is recognised when an invoice is raised, which is typically at the time that the relevant individual (or individuals) starts their employment with a client.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of any discounts and value added taxes. 

The policy adopted for the recognition of turnover is as follows:

Turnover from the rendering of recruitment services is recognised when an invoice is raised, which is typically at the time that the relevant individual (or individuals) starts their employment with a client.

	Foreign currency translation
	Foreign currency transactions are translated at the rates ruling when they occurred. Foreign currency monetary assets and liabilities are translated at the rates ruling at the relevant balance sheet date. Any differences are taken to profit and loss.

	Current taxation
	Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the year. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

	Deferred tax
	Deferred tax balances are recognised in respect of any significant timing differences that have originated but not reversed by the relevant balance sheet date, except that the recognition of any such deferred tax asset balances is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future suitable taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of any timing differences.

Deferred tax

Deferred tax balances are recognised in respect of any significant timing differences that have originated but not reversed by the relevant balance sheet date, except that the recognition of any such deferred tax asset balances is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future suitable taxable profits. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of any timing differences.

	Intangible assets
	The company's intangible assets are stated at historical cost less accumulated amortisation and accumulated impairment losses, if any. Amortisation and any impairment charges are recognised in administrative expenses in the year to which they relate. Historical cost represents the expenditure incurred in acquiring the intangible assets. Capitalisation only takes place where the directors consider that the relevant asset has long term economic value to the company. The company's intangible assets are amortised on a straight-line basis over their expected useful lives at the following rates: Domain name acquisition - over 10 years The expected useful lives of intangible assets are reviewed on an annual basis and, if necessary, changes in useful lives are accounted for prospectively through profit and loss.

Intangible assets

The company's intangible assets are stated at historical cost less accumulated amortisation and accumulated impairment losses, if any. Amortisation and any impairment charges are recognised in administrative expenses in the year to which they relate. 

Historical cost represents the expenditure incurred in acquiring the intangible assets. Capitalisation only takes place where the directors consider that the relevant asset has long term economic value to the company.

The company's intangible assets are amortised on a straight-line basis over their expected useful lives at the following rates: 

Domain name acquisition  - over 10 years

The expected useful lives of intangible assets are reviewed on an annual basis and, if necessary, changes in useful lives are accounted for prospectively through profit and loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to making an asset operate as intended. Depreciation is charged so as to allocate the cost of an asset less any residual value over its estimated useful life, using the straight line method. The estimated useful lives range for the company's tangible fixed assets are as follows: Office equipment (including computer equipment) - over 3 - 4 years

Tangible fixed assets and depreciation

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to making an asset operate as intended. 

Depreciation is charged so as to allocate the cost of an asset less any residual value over its estimated useful life, using the straight line method. The estimated useful lives range for the company's tangible fixed assets are as follows:

Office equipment (including computer equipment) - over 3 - 4 years

	Investments
	Investments in subsidiaries were measured at cost less any accumulated impairment losses.

	Financial instruments
	The company's cash at bank together with its trade and any other debtors and its trade and any other creditors are measured initially at the transaction price, including any transaction costs, and subsequently at amortised cost. Debt instruments that are payable or receivable within one year are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. The company's cash and cash equivalents currently comprise cash at bank (including on deposit).

Financial instruments

The company's cash at bank together with its trade and any other debtors and its trade and any other creditors are measured initially at the transaction price, including any transaction costs, and subsequently at amortised cost. Debt instruments that are payable or receivable within one year are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

The company's cash and cash equivalents currently comprise cash at bank (including on deposit).

	Share capital
	The company's ordinary shares are classified as equity. Dividends on those shares are recognised when they become legally payable. Interim dividends are recognised when paid.

2.	Average number of employees
	The number stated below is the average number of employees of the company, including its directors, during the year.


		2025		2024
	Average number of employees during the year	5		5

3.	Intangible assets
	The company acquired the domain name, (CA)nnection.com, in December 2022 for total cash consideration of £3,622.

		Total
		£
	Cost or valuation
	At 01 April 24	3,622
	At 31 March 25	3,622
	Amortisation and impairment
	At 01 April 24	483
	Charge for year	362
	At 31 March 25	845
	Net book value
	At 31 March 25	2,777
	At 31 March 24	3,139

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 24	20,003
	Additions	1,171
	Disposals	(2,195)
	At 31 March 25	18,980
	Depreciation and impairment
	At 01 April 24	13,798
	Charge for year	4,492
	On disposals	(2,195)
	At 31 March 25	16,096
	Net book value
	At 31 March 25	2,884
	At 31 March 24	6,205


	The net book value of the company's tangible fixed assets comprises of £2,677 (2024: £5,971) of computer related and similar technological equipment and £207 (2024: £234) of general office equipment.

5.	Fixed asset investments
	The company had no active subsidiaries at 31 March 2025. Cannection Medical Recruitment Limited was the subject of a voluntary strike-off in the year and Cannection Legal Recruitment Limited was dissolved on 1 July 2025 following a similar application. Both subsidiaries had been dormant since their incorporation.

		Total
		£
	Cost or valuation
	At 01 April 24	130
	Disposals	(130)
	Net book value
	At 31 March 25	-
	At 31 March 24	130

6.	Share capital
	In February 2025 the company issued a further 30 ordinary shares of £1 each at par for cash, bringing its total share capital to 6,530 ordinary shares of £1 each at 31 March 2025. An additional 125 ordinary shares of £1 each were issued for cash in June 2025. The rights of each class of ordinary share are set out in the company's articles.

7.	Events after reporting date
	There have been no significant events or transactions subsequent to the balance sheet date requiring disclosure other than any disclosed elsewhere in these financial statements.

8.	Related party transactions
	Monetary transactions with directors and members are undertaken under normal market conditions, unless otherwise stated in these financial statements.

9.	Parent-subsidiary relationships
	Basis for non-consolidation: The company has no parent company or ultimate controlling party. The company was previously a parent company but was exempt, under section 399 (2A) of the Companies Act 2006 (and section 1A.21 of FRS 102), from the requirement to prepare consolidated financial statements accounts as it was the parent of a small group.