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Registered number: SC523560
Connect Three Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Ashton McGill
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC523560
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,378 1,839
Tangible Assets 5 77,277 15,216
Investments 6 60,937 49,190
139,592 66,245
CURRENT ASSETS
Debtors 7 179,825 176,547
Cash at bank and in hand 890,913 700,397
1,070,738 876,944
Creditors: Amounts Falling Due Within One Year 8 (434,828 ) (376,849 )
NET CURRENT ASSETS (LIABILITIES) 635,910 500,095
TOTAL ASSETS LESS CURRENT LIABILITIES 775,502 566,340
PROVISIONS FOR LIABILITIES
Deferred Taxation (19,319 ) -
NET ASSETS 756,183 566,340
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 756,083 566,240
SHAREHOLDERS' FUNDS 756,183 566,340
Page 1
Page 2
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Colin Lamb
Director
05/08/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Connect Three Solutions Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC523560 . The registered office is Rogart Street Campus, 4 Rogart Street, Glasgow, Lanarkshire, G40 2AA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets include website domain. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 33% Straight Line
Fixtures & Fittings 33% Straight Line
Computer Equipment 33% Straight Line
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2025: 10)
12 10
4. Intangible Assets
Other
£
Cost
As at 1 April 2025 2,430
As at 31 March 2026 2,430
Amortisation
As at 1 April 2025 591
Provided during the period 461
As at 31 March 2026 1,052
Net Book Value
As at 31 March 2026 1,378
As at 1 April 2025 1,839
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2025 1,368 11,877 35,190 48,435
Additions 68,088 5,335 11,175 84,598
As at 31 March 2026 69,456 17,212 46,365 133,033
Depreciation
As at 1 April 2025 725 8,843 23,651 33,219
Provided during the period 12,817 2,145 7,575 22,537
As at 31 March 2026 13,542 10,988 31,226 55,756
Net Book Value
As at 31 March 2026 55,914 6,224 15,139 77,277
As at 1 April 2025 643 3,034 11,539 15,216
Page 4
Page 5
6. Investments
Unlisted
£
Cost or Valuation
As at 1 April 2025 49,190
Revaluations 11,747
As at 31 March 2026 60,937
Provision
As at 1 April 2025 -
As at 31 March 2026 -
Net Book Value
As at 31 March 2026 60,937
As at 1 April 2025 49,190
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 137,822 143,106
Other debtors 42,003 33,441
179,825 176,547
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 50,076 45,335
Other creditors 231,896 187,177
Taxation and social security 152,856 144,337
434,828 376,849
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
Page 5