Connected It Contract Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11080474

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		119		198

			119		198
CURRENT ASSETS
Debtors	5	94,357		232,733
Cash at bank and in hand		30,581		20,413

		124,938		253,146
Creditors: Amounts Falling Due Within One Year	6	(96,374 )		(159,208 )

NET CURRENT ASSETS (LIABILITIES)			28,564		93,938

TOTAL ASSETS LESS CURRENT LIABILITIES			28,683		94,136

PROVISIONS FOR LIABILITIES
Deferred Taxation			(30 )		(38 )

NET ASSETS			28,653		94,098

CAPITAL AND RESERVES
Called up share capital	7		200		200
Profit and Loss Account			28,453		93,898

SHAREHOLDERS' FUNDS			28,653		94,098

Page 1

Page 2

Connected It Contract Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 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.

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 Simon Corney

Director

31/08/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Connected It Contract Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11080474 . The registered office is 29 John Dalton Street, Dalton Place, Manchester, Greater Manchester, M2 6FW.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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 endering of services. Turnover is reduced for estimated rebates and other similar allowances.

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.

2.4. 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:

Computer Equipment

33% Straight Line Basis

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. 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.

...CONTINUED

Page 3

Page 4

Connected It Contract Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.7. Taxation - continued

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 3)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 February 2025	1,430

As at 31 January 2026	1,430

Depreciation
As at 1 February 2025	1,232
Provided during the period	79

As at 31 January 2026	1,311

Net Book Value
As at 31 January 2026	119

As at 1 February 2025	198

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	166,241	12,096
Prepayments and accrued income	29,119	121,230
Invoice financing account	(119,560 )	43,902
Directors' loan accounts	18,557	55,505

	94,357	232,733

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	73,319	125,914
Corporation tax	145	234
Other taxes and social security	4,718	6,141
VAT	17,025	26,559
Net wages	806	-
Pensions Payable	361	360

	96,374	159,208

Page 4

Page 5

Connected It Contract Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

7. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	200	200

8. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 February 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 January 2026
	£	£	£	£	£
Mr Simon Corney	55,505	40,984	77,932	-	18,558

The above loan is unsecured, interest free and repayable on demand.

Dividends paid to directors

	2026	2025
	£	£
Mr Simon Corney	66,000	65,000

9. Related Party Transactions

10. Controlling Party

The company's controlling party is Connected IT Recruitment Limited and Simon Corney, by virtue of their ownership of 50% each of the issued share capital in the company.

Page 5