Company Registration No. 08731306 (England and Wales)
Appliance Book Ltd
Annual Accounts
for the year ended 31 March 2025
Appliance Book Ltd
Annual Accounts
Contents
Appliance Book Ltd
Company Information
for the year ended 31 March 2025
Directors
Conectid Limited
Michalakis Christofi
Secretary
Conectid Limited
Company Number
08731306 (England and Wales)
Registered Office
Conectid Group
400 Thames Valley Park Drive
Reading
Berkshire
RG6 1PT
England
Appliance Book Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
83,103
115,962
Cash at bank and in hand
464,088
52,045
Creditors: amounts falling due within one year
(19,963)
(242,679)
Net current assets
778,173
621,635
Total assets less current liabilities
861,277
737,598
Creditors: amounts falling due after more than one year
(250,000)
(250,000)
Provisions for liabilities
Other provisions
(225,000)
(225,000)
Net assets
386,277
262,598
Appliance Book Ltd
Statement of financial position
as at 31 March 2025 (continued)
Called up share capital
150,000
150,000
Share premium
50,000
50,000
Profit and loss account
186,277
62,598
Shareholders' funds
386,277
262,598
For the year ending 31 March 2025 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by
Conectid Limited
Director
Company Registration No. 08731306
Appliance Book Ltd
Notes to the Accounts
for the year ended 31 March 2025
Appliance Book Ltd is a private company, limited by shares, registered in England and Wales, registration number 08731306. The registered office is Conectid Group, 400 Thames Valley Park Drive, Reading, Berkshire, RG6 1PT, England.
2
Compliance with accounting standards
The financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A: Small Entities ("FRS 102") and the Companies Act 2006. The Company has applied the small companies regime under Section 1A of FRS 102 and Part 15 of the Companies Act 2006. No material departures from these standards occurred during the preparation of these financial statements. Under the small entities' regime, certain disclosures otherwise required by full FRS 102 have been omitted. The financial statements are prepared under the historical cost convention, except where FRS 102 requires fair value measurement for specific assets or liabilities.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
3.1. Basis of preparation
The financial statements are prepared under the historical cost convention, with fixed assets maintained at their original purchase price or production cost, subject only to depreciation, amortisation, and any necessary impairment adjustments. No revaluations were undertaken during the reporting period. Any references to revaluation within these statements reflect the Company's general policy framework under FRS 102 rather than actual revaluations in the current year.
3.2. Presentation currency
The Company presents these financial statements in pounds sterling (£), its functional and presentational currency. Foreign currency transactions are translated using spot exchange rates at the transaction date. At period end, the Company retranslates foreign currency monetary items using the closing rate. For non-monetary items, the Company uses historical exchange rates for cost-based measurements and the rate at fair value determination for fair value measurements. The Company manages currency exposure by matching payables and receivables in the same currency where possible.
The Company recognizes turnover at the fair value of consideration received or receivable, excluding discounts, rebates, value-added tax, and other sales taxes. For goods sold, revenue recognition occurs upon delivery when risks and rewards of ownership transfer to customers. For services rendered, the Company recognizes revenue by reference to the contract's completion stage, measured by comparing costs incurred to total estimated contract costs.
3.4. Tangible fixed assets policy
The Company states tangible fixed assets at cost less accumulated depreciation and any impairment losses. Cost includes all directly attributable acquisition expenses. Depreciation is charged systematically to write off asset costs less residual values over their estimated useful lives. The Company reviews estimated useful lives, residual values, and depreciation methods at each period end, making adjustments when necessary.
Appliance Book Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Total
AFTER-SALES SERVICE MODULE
A. ORIGINAL COST AND VALUATION
The after-sales service AI booking module was initially recognised at £201,208, reflecting its development costs at the time of capitalisation.
Over subsequent periods, it was fully amortised based on its then-estimated useful economic life, resulting in a net book value of £1 as of the balance sheet date.
B. CONTINUING ECONOMIC BENEFIT
Although this AI module is shown at a nominal net book value, it remains integral to the Company’s service operations. The module underpins an intelligent booking system for after-sales service calls, predicting required spare parts and optimising the allocation of service engineers. Where supported by smart appliance integrations, the system can remotely diagnose (and sometimes resolve) appliance issues.
The Directors consider that the module still provides ongoing economic benefits and is the foundation for expanded platforms and future operational enhancements.
C. ACCOUNTING POLICY
The Company’s accounting policy for intangible fixed assets is to amortise them over their estimated useful life or to impair them if further economic benefits are not expected. No impairment has been recognised since management’s annual review confirmed the module’s operational value. Although fully amortised, £1 remains to acknowledge the intangible’s continuing role in service-oriented software solutions.
Appliance Book Ltd
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Total
Charge for the year
32,859
6
Provisions for liabilities
£
Allotted, called up and fully paid:
150,000 Ordinary shares of £1 each
150,000
150,000
8
Transactions with related parties
All related-party transactions have been conducted on terms comparable to those with independent third parties, including the pricing of goods, services, and typical settlement terms.
Nonetheless, due to the continued police misidentification and subsequent banking challenges, the Group implemented measures to safeguard operational stability across its subsidiaries. Consequently, Conectid Limited, the Group’s holding company, extended financial assistance to support both the Group and this Company in meeting their operational and financial obligations. These supportive measures are offered at more favourable conditions than what would typically be available from third-party lenders, thus diverging from standard arm’s-length terms.
In accordance with FRS 102, all such support arrangements and their conditions have been disclosed and reflected appropriately in these financial statements. The Directors estimate that between £2.0 million and £3.0 million of credit remains accessible through these Group-level arrangements, mitigating short-term liquidity pressures and compensating for the Company’s exclusion from UK banking services.
On 1 January 2020, Conectid Limited obtained a 100% interest in Appliance Book LTD.
Conectid Limited is registered as a limited company in England and Wales, Company No. 10810165. Registered office: Conectid Group, 400 Thames Valley Park Drive, Thames Valley Park, Reading, Berkshire, England, RG6 1PT, United Kingdom. www.conectid.com
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).