ONYX CONNECTS LIMITED

ONYX CONNECTS LIMITED

ONYX CONNECTS LIMITED - Company Information

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1 February 2019 false No description of principal activity Taxfiler 2020.15 08832073business:PrivateLimitedCompanyLtd2019-02-012019-12-31 088320732019-01-31 088320732019-02-012019-12-31 08832073business:AuditExemptWithAccountantsReport2019-02-012019-12-31 08832073business:FullAccounts2019-02-012019-12-31 088320732019-12-31 08832073business:Director12019-02-012019-12-31 08832073business:RegisteredOffice2019-02-012019-12-31 088320732019-01-31 08832073core:WithinOneYear2019-12-31 08832073core:WithinOneYear2019-01-31 08832073core:ShareCapital2019-12-31 08832073core:ShareCapital2019-01-31 08832073core:RetainedEarningsAccumulatedLosses2019-12-31 08832073core:RetainedEarningsAccumulatedLosses2019-01-31 08832073business:SmallEntities2019-02-012019-12-31 08832073countries:EnglandWales2019-02-012019-12-31 08832073core:FurnitureFittings2019-02-012019-12-31 08832073core:ComputerEquipment2019-02-012019-12-31 08832073core:FurnitureFittings2019-01-31 08832073core:ComputerEquipment2019-01-31 08832073core:FurnitureFittings2019-12-31 08832073core:ComputerEquipment2019-12-31 08832073core:WithinOneYear2019-02-012019-12-31 08832073business:OrdinaryShareClass12019-02-012019-12-31 08832073business:OrdinaryShareClass12018-02-012019-01-31 088320732018-02-012019-01-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08832073 (England and Wales)
ONYX CONNECTS LIMITED Unaudited accounts for the period from 1 February 2019 to 31 December 2019
ONYX CONNECTS LIMITED Unaudited accounts Contents
Page
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ONYX CONNECTS LIMITED Company Information for the period from 1 February 2019 to 31 December 2019
Director
Mohammed Junaid Usman
Company Number
08832073 (England and Wales)
Registered Office
Citygate House 246 - 250 Romford Road London E7 9HZ
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ONYX CONNECTS LIMITED Statement of financial position as at 31 December 2019
31/12/2019 
31/01/2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
6,569 
5,487 
Current assets
Debtors
5
39,449 
45,372 
Cash at bank and in hand
1,734 
12,585 
41,183 
57,957 
Creditors: amounts falling due within one year
6
(4,708)
(2,138)
Net current assets
36,475 
55,819 
Net assets
43,044 
61,306 
Capital and reserves
Called up share capital
7
57,800 
57,800 
Profit and loss account
(14,756)
3,506 
Shareholders' funds
43,044 
61,306 
For the period ending 31 December 2019 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 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 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 and authorised for issue on 18 January 2021 and were signed on its behalf by
Mohammed Junaid Usman Director Company Registration No. 08832073
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ONYX CONNECTS LIMITED Notes to the Accounts for the period from 1 February 2019 to 31 December 2019
1
Statutory information
ONYX CONNECTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08832073. The registered office is Citygate House, 246 - 250 Romford Road, London, E7 9HZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing Balance Method
Computer equipment
20% Reducing Balance Method
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2019
6,728 
5,068 
11,796 
Additions
- 
2,556 
2,556 
At 31 December 2019
6,728 
7,624 
14,352 
Depreciation
At 1 February 2019
3,265 
3,044 
6,309 
Charge for the period
635 
839 
1,474 
At 31 December 2019
3,900 
3,883 
7,783 
Net book value
At 31 December 2019
2,828 
3,741 
6,569 
At 31 January 2019
3,463 
2,024 
5,487 
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ONYX CONNECTS LIMITED Notes to the Accounts for the period from 1 February 2019 to 31 December 2019
5
Debtors
31/12/2019 
31/01/2019 
£ 
£ 
Trade debtors
18,599 
16,522 
Accrued income and prepayments
20,850 
20,850 
Other debtors
- 
8,000 
39,449 
45,372 
6
Creditors: amounts falling due within one year
31/12/2019 
31/01/2019 
£ 
£ 
Taxes and social security
2,875 
1,108 
Other creditors
8,483 
- 
Loans from directors
(8,568)
(10,672)
Accruals
1,918 
11,702 
4,708 
2,138 
PAYE & N.I Payable: £1,608 Corporation Tax Payable: £1,108 Pension: £159 Wages Payable: £1,918
7
Share capital
31/12/2019 
31/01/2019 
£ 
£ 
Allotted, called up and fully paid:
57,800 Ordinary shares of £1 each
57,800 
57,800 
8
Average number of employees
During the period the average number of employees was 4 (31/01/2019: 4).
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