Connex Uk & Ireland Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05855683 (England and Wales)

Connex Uk & Ireland Ltd

Unaudited Financial Statements for the Year Ended 6 July 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M E D Laws

Mrs L Knott

SECRETARY:

Mrs B Laws

REGISTERED OFFICE:

3 Southernhay West

Exeter

EX1 1JG

REGISTERED NUMBER:

05855683 (England and Wales)

ACCOUNTANTS:

Haines Watts Exeter LLP

3 Southernhay West

Exeter

Devon

EX1 1JG

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

91,781

9,190

91,781

9,190

CURRENT ASSETS

Debtors

7

46,286

61,259

Cash at bank

538,648

424,628

584,934

485,887

CREDITORS

Amounts falling due within one year

8

(204,885

)

(341,154

)

NET CURRENT ASSETS

380,049

144,733

TOTAL ASSETS LESS CURRENT LIABILITIES

471,830

153,923

PROVISIONS FOR LIABILITIES

9

(91,790

)

(1,746

)

NET ASSETS

380,040

152,177

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

379,940

152,077

SHAREHOLDERS' FUNDS

380,040

152,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 6 July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 6 July 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2021 and were signed on its behalf by:

M E D Laws - Director

1.	STATUTORY INFORMATION

Connex UK & Ireland Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The company's principal place of business is: Greenwood, Hurstmere Close, Grayshott, Hindhead, Surrey GU26 6TR.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents amounts chargeable in respect of the sale of services falling within the company's ordinary activities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% reducing balance

Computer equipment

-

33% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2019 - 5 ) .

5.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 7 July 2019

and 6 July 2020

1,722

AMORTISATION

At 7 July 2019

and 6 July 2020

1,722

NET BOOK VALUE

At 6 July 2020

-

At 6 July 2019

-

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 7 July 2019

5,736

-

27,676

33,412

Additions

257

104,480

5,548

110,285

At 6 July 2020

5,993

104,480

33,224

143,697

DEPRECIATION

At 7 July 2019

4,989

-

19,233

24,222

Charge for year

196

21,946

5,552

27,694

At 6 July 2020

5,185

21,946

24,785

51,916

NET BOOK VALUE

At 6 July 2020

808

82,534

8,439

91,781

At 6 July 2019

747

-

8,443

9,190

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

and accrued income

35,693

31,692

Other Debtors

1,509

5,000

VAT

-

2,995

Prepayments and accrued income

9,084

21,572

46,286

61,259

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

57

598

Tax

63,639

60,171

Social security and other taxes

1,444

2,157

VAT

1,681

-

Other creditors

45,760

109,246

Directors' current accounts

62,429

105,421

Accrued expenses

29,875

63,561

204,885

341,154

9.	PROVISIONS FOR LIABILITIES

Included within the company's profit and loss account is a provision for fees payable amounting to £74,352 (2019: £0). The payment of these fees is contingent upon the future outcome of a voucher scheme run by the company during the year. The provision will be released over the next three accounting periods as vouchers are either redeemed or expire.

10.	RELATED PARTY DISCLOSURES

Included in other creditors is a loan from a related party amounting to £45,760 (2019: £109,246).

The loan is interest free and repayable on demand.