Company registration number 14498508 (England and Wales)
CONNECTIVE ONLINE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
CONNECTIVE ONLINE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9
CONNECTIVE ONLINE LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
5
105,558
111,473
Tangible assets
4
28,767
36,270
134,325
147,743
Current assets
Debtors
6
135,487
128,951
Cash at bank and in hand
9,976
25,900
145,463
154,851
Creditors: amounts falling due within one year
7
(272,767)
(315,603)
Net current liabilities
(127,304)
(160,752)
Net assets/(liabilities)
7,021
(13,009)
Capital and reserves
Called up share capital
400
400
Revaluation reserve
8
79,480
79,480
Profit and loss reserves
(72,859)
(92,889)
Total equity
7,021
(13,009)
CONNECTIVE ONLINE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 22 June 2026 and are signed on its behalf by:
Mr P Deegan
Mr A R Winwood
Director
Director
Mr R Taylor
Mr D S Rushton
Director
Director
Company registration number 14498508 (England and Wales)
CONNECTIVE ONLINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Connective Online Limited is a private company limited by shares incorporated in England and Wales. The registered office is Cambrai Court, 1229, Stratford Road, Hall Green, Birmingham, England, B28 9AA.

1.1
Reporting period

These financial statements cover a 12 month period. The comparative period was longer than 1 year and covered the period 1 October 2023 to 31 December 2024 (15 months) and therefore, the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable. The comparative period had been extended to align with associated companies within the group.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.3
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Broadband, Data Centre & Ethernet

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Managed and Professional Services

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

CONNECTIVE ONLINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 3 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.5
Intangible fixed assets other than goodwill

Intangible assets are initially recognised at cost. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity. Subsequent to initial recognition intangible assets are measured on the revaluation model. These assets are stated at fair value on the date of the latest revaluation less subsequent accumulated amortisation and any impairment losses, where applicable. Valuations are made on annual basis so that the carrying amount of these asset does not differ materially from its fair value basis at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. In the rare situation that a reliable estimate cannot be made the useful life would be limited to ten years but this does not apply to the Company at present.

If there is an indication that there has been a significant change in amortisation rate or residual value of an asset, the amortisation of that asset is revised prospectively to reflect the new expectations.

The Company assesses at each reporting date whether there is any indication that the intangible asset may be impaired. If any such indication exists, the Company estimates the recoverable amount of the intangible asset and recognises an impairment loss for any shortfall below carrying amount.

Amortisation 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:

IPv4 Address Space
Straight line over 5 years
1.6
Tangible fixed assets

Tangible fixed assets are 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:

Computers
20%/33% 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 profit or loss.

CONNECTIVE ONLINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.8
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.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

CONNECTIVE ONLINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 6 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.12
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.

CONNECTIVE ONLINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2025
48,360
Additions
3,254
At 31 December 2025
51,614
Depreciation and impairment
At 1 January 2025
12,090
Depreciation charged in the year
10,757
At 31 December 2025
22,847
Carrying amount
At 31 December 2025
28,767
At 31 December 2024
36,270
CONNECTIVE ONLINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
5
Intangible fixed assets
Goodwill
IPv4 Address Space
Total
£
£
£
Cost or valuation
At 1 January 2025 and 31 December 2025
17,746
101,120
118,866
Amortisation and impairment
At 1 January 2025
7,393
-
0
7,393
Amortisation charged for the year
5,915
-
0
5,915
At 31 December 2025
13,308
-
0
13,308
Carrying amount
At 31 December 2025
4,438
101,120
105,558
At 31 December 2024
10,353
101,120
111,473

The directors reviewed the value of the IPv4 Address Space and established that the fair value of this intangible was £101,120 at 31 December 2025. This fair value has been ascertained by using secondary market rates for clean, RIPE-assigned IPv4space.

If revalued assets were stated on an historical cost basis rather than a fair value basis, the total amounts included would have been as follows:

2025
2024
£
£
Cost
39,386
39,386
Accumulated amortisation
13,308
7,393
Carrying value
26,078
31,993

The revaluation surplus is disclosed in note 8.

6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
97,082
87,661
Other debtors
18,615
12,878
115,697
100,539
Deferred tax asset
19,790
28,412
135,487
128,951
CONNECTIVE ONLINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 9 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
84,804
105,737
Amounts owed to group undertakings
67,873
65,744
Taxation and social security
14,208
13,257
Other creditors
105,882
130,865
272,767
315,603
8
Revaluation reserve
2025
2024
£
£
At the beginning of the year
79,480
-
0
Revaluation surplus arising in the year
-
0
79,480
At the end of the year
79,480
79,480
2025-12-31 2025-01-01 false false false 22 June 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr Peter Deegan Mr A R Winwood Mr Robin Taylor Mr D S Rushton 14498508 2025-01-01 2025-12-31 14498508 2025-12-31 14498508 2024-12-31 14498508 core:NetGoodwill 2025-12-31 14498508 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-12-31 14498508 core:NetGoodwill 2024-12-31 14498508 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-12-31 14498508 core:OtherPropertyPlantEquipment 2025-12-31 14498508 core:OtherPropertyPlantEquipment 2024-12-31 14498508 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 14498508 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 14498508 core:CurrentFinancialInstruments 2025-12-31 14498508 core:CurrentFinancialInstruments 2024-12-31 14498508 core:ShareCapital 2025-12-31 14498508 core:ShareCapital 2024-12-31 14498508 core:RevaluationReserve 2025-12-31 14498508 core:RevaluationReserve 2024-12-31 14498508 core:RetainedEarningsAccumulatedLosses 2025-12-31 14498508 core:RetainedEarningsAccumulatedLosses 2024-12-31 14498508 core:RevaluationReserve 2024-12-31 14498508 core:RevaluationReserve 2023-09-30 14498508 bus:Director1 2025-01-01 2025-12-31 14498508 bus:Director2 2025-01-01 2025-12-31 14498508 bus:Director3 2025-01-01 2025-12-31 14498508 bus:Director4 2025-01-01 2025-12-31 14498508 core:Goodwill 2025-01-01 2025-12-31 14498508 core:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 14498508 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 14498508 core:ComputerEquipment 2025-01-01 2025-12-31 14498508 core:OtherPropertyPlantEquipment 2024-12-31 14498508 core:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 14498508 core:NetGoodwill 2024-12-31 14498508 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-12-31 14498508 2024-12-31 14498508 core:NetGoodwill 2025-01-01 2025-12-31 14498508 core:WithinOneYear 2025-12-31 14498508 core:WithinOneYear 2024-12-31 14498508 core:RevaluationReserve 2025-01-01 2025-12-31 14498508 2023-10-01 2024-12-31 14498508 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 14498508 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 14498508 bus:FRS102 2025-01-01 2025-12-31 14498508 bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 14498508 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP