REGISTERED NUMBER: 05351564 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

FIRST CONNECTIVITY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P A Chapman

SECRETARY:

Mrs M Chapman

REGISTERED OFFICE:

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

REGISTERED NUMBER:

05351564 (England and Wales)

ACCOUNTANTS:

GBJ Financial Limited

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

FIXED ASSETS

Tangible assets

4

505,262

507,365

CURRENT ASSETS

Stocks

430,269

405,614

Debtors

5

1,445,008

1,367,906

Cash at bank and in hand

264,338

370,116

2,139,615

2,143,636

CREDITORS

Amounts falling due within one year

6

249,211

315,668

NET CURRENT ASSETS

1,890,404

1,827,968

TOTAL ASSETS LESS CURRENT LIABILITIES

2,395,666

2,335,333

CREDITORS

Amounts falling due after more than one year

7

4,167

14,167

NET ASSETS

2,391,499

2,321,166

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

2,391,498

2,321,165

SHAREHOLDERS' FUNDS

2,391,499

2,321,166

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 10 December 2025 and were signed by:

P A Chapman - Director

1.	STATUTORY INFORMATION

First Connectivity Limited is a private company, limited by shares , registered in England and Wales. 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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 25% on cost

Stocks

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

498,215

104,110

602,325

Additions

-

198

198

At 31 March 2025

498,215

104,308

602,523

DEPRECIATION

At 1 April 2024

-

94,960

94,960

Charge for year

-

2,301

2,301

At 31 March 2025

-

97,261

97,261

NET BOOK VALUE

At 31 March 2025

498,215

7,047

505,262

At 31 March 2024

498,215

9,150

507,365

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

311,897

387,788

Other debtors

1,133,111

980,118

1,445,008

1,367,906

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

31,559

66,227

Taxation and social security

128,606

150,436

Other creditors

79,046

89,005

249,211

315,668

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

4,167

14,167

This is in respect of a bank 6 year term loan under the Coronavirus Business Interruption Loan Scheme. Interest is chargeable at 2.5%.

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

P A Chapman

Balance outstanding at start of year

735,605

622,781

Amounts advanced

126,014

257,105

Amounts repaid

(11,800

)

(144,281

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

849,819

735,605

The loan to Mr P A Chapman of £849,819 (2024: £735,605), together with the associated recoverable taxation of £277,269 (2022: £238,722) is included in Debtors. Interest is chargeable at the Official Rate.