Conlect Holdings Ltd iXBRL

Company Registration Number: NI679393

Conlect Holdings Ltd

Unaudited Financial Statements

for the financial year ended 30 September 2025

Conlect Holdings Ltd

Company Registration Number: NI679393

BALANCE SHEET

as at 30 September 2025

		2025	2024
	Notes	£	£

Fixed Assets

Investments

200,000

200,000

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Current Assets

Debtors

542,799

504,504

Cash and cash equivalents

40,894

68,940

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583,693

573,444

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Creditors: amounts falling due within one year

(286,665)

(291,787)

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Net Current Assets

297,028

281,657

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Total Assets less Current Liabilities

497,028

481,657

Provisions for liabilities

492

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Net Assets

497,028

482,149

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Capital and Reserves

Called up share capital

200

200

Share premium account

439,900

439,900

Retained earnings

56,928

42,049

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Equity attributable to owners of the company

497,028

482,149

═════════

The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 3 April 2026



________________________________
Mr. Daithi Conlon
Director

Conlect Holdings Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 30 September 2025

General Information

Conlect Holdings Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI679393. The registered office of the company is 177 Derryfubble Road, Dungannon, Co Tyrone, BT71 7PS, Northern Ireland which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 30 September 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Consolidated accounts

The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.

Investments

Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Profit and Loss Account in the financial year in which it is receivable.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Ordinary share capital

The ordinary share capital of the company is presented as equity.


3.	Investments
		Group and	Total
		participating
		interests/
		joint ventures
	Investments	£	£
	Cost

	At 30 September 2025	200,000	200,000
		─────────	─────────
	Net book value
	At 30 September 2025	200,000	200,000
		═════════	═════════
	At 30 September 2024	200,000	200,000
		═════════	═════════


4.	Debtors	2025	2024
		£	£

	Amounts owed by group undertakings	31,500	26,000
	Other debtors	511,299	478,504
		─────────	─────────
		542,799	504,504
		═════════	═════════


5.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Amounts owed to connected parties (Note 9)	280,341	265,836
	Taxation (Note 6)	83	-
	Director's current account	3,370	22,992
	Other creditors	333	-
	Accruals	2,538	2,959
		─────────	─────────
		286,665	291,787
		═════════	═════════


6.	Taxation	2025	2024
		£	£

	Creditors:
	PAYE / NI	83	-
		═════════	═════════


7.	Provisions for liabilities

	The amounts provided for deferred taxation are analysed below:

		Losses	Total	Total


			2025	2024
		£	£	£

	At financial year start	(492)	(492)	(1,229)
	Charged to profit and loss	492	492	737
		─────────	─────────	─────────
	At financial year end	-	-	(492)
		═════════	═════════	═════════

Reserves

Share Premium Reserve

The amount is the premium that arose from the issue of shares in 2021.

Related party transactions

The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.

The following amounts are due to other connected parties:

2025

2024

Benburb Holdings Ltd

280,341

265,836

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The director in Conlect Holdings Ltd is also a director in Benburb Holdings Ltd. At the start of the year Conlect Holdings Ltd owed Benburb Holdings Ltd £265,836. During the year, Benburb Holdings Ltd charged interest of £14,505 on this loan. At the year end Conlect Holdings Ltd owes Benburb Holdings Ltd £280,341 (2024: £265,836) and this is included in the creditors section of the balance sheet.

At the start of the year Conlect Holdings Ltd owed the director £22,992. During the year Conlect Holdings Ltd borrowed £5,378 from the director and repaid £25,000 to the director. At the year end £3,370 (2024: £22,992) is owed to the director and this is included in the creditors section of the balance sheet.