Onyx Connects Limited

Onyx Connects Limited

ONYX CONNECTS LIMITED - Company Information

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1 January 2021 false No description of principal activity Taxfiler 2022.5.1 08832073business:PrivateLimitedCompanyLtd2021-01-012021-12-31 088320732020-12-31 088320732021-01-012021-12-31 08832073business:AuditExemptWithAccountantsReport2021-01-012021-12-31 08832073business:FullAccounts2021-01-012021-12-31 088320732021-12-31 08832073business:Director12021-01-012021-12-31 08832073business:RegisteredOffice2021-01-012021-12-31 088320732020-12-31 08832073core:WithinOneYear2021-12-31 08832073core:WithinOneYear2020-12-31 08832073core:AfterOneYear2021-12-31 08832073core:AfterOneYear2020-12-31 08832073core:ShareCapital2021-12-31 08832073core:ShareCapital2020-12-31 08832073core:RetainedEarningsAccumulatedLosses2021-12-31 08832073core:RetainedEarningsAccumulatedLosses2020-12-31 08832073business:SmallEntities2021-01-012021-12-31 08832073countries:EnglandWales2021-01-012021-12-31 08832073core:FurnitureFittings2021-01-012021-12-31 08832073core:ComputerEquipment2021-01-012021-12-31 08832073core:FurnitureFittings2020-12-31 08832073core:ComputerEquipment2020-12-31 08832073core:FurnitureFittings2021-12-31 08832073core:ComputerEquipment2021-12-31 08832073core:WithinOneYear2021-01-012021-12-31 088320732020-01-012020-12-31 iso4217:GBP xbrli:pure
Company Registration No. 08832073 (England and Wales)
Onyx Connects Limited Unaudited accounts for the year ended 31 December 2021
Onyx Connects Limited Unaudited accounts Contents
Page
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Onyx Connects Limited Company Information for the year ended 31 December 2021
Director
Mohammed Junaid Usman
Company Number
08832073 (England and Wales)
Registered Office
Citygate House 246 - 250 Romford Road London E7 9HZ
Accountants
Legend Financial and Tax Advisers Limited 246-250 Romford Road Citygate House London E7 9HZ
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Onyx Connects Limited Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
4,204 
5,255 
Current assets
Debtors
5
35,701 
27,817 
Cash at bank and in hand
2,435 
418 
38,136 
28,235 
Creditors: amounts falling due within one year
6
(10,413)
(6,845)
Net current assets
27,723 
21,390 
Total assets less current liabilities
31,927 
26,645 
Creditors: amounts falling due after more than one year
7
(21,977)
(23,500)
Net assets
9,950 
3,145 
Capital and reserves
Called up share capital
10,000 
10,000 
Profit and loss account
(50)
(6,855)
Shareholders' funds
9,950 
3,145 
For the year ending 31 December 2021 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 13 June 2022 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 year ended 31 December 2021
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 year, 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 January 2021
6,728 
7,624 
14,352 
At 31 December 2021
6,728 
7,624 
14,352 
Depreciation
At 1 January 2021
4,466 
4,631 
9,097 
Charge for the year
452 
599 
1,051 
At 31 December 2021
4,918 
5,230 
10,148 
Net book value
At 31 December 2021
1,810 
2,394 
4,204 
At 31 December 2020
2,262 
2,993 
5,255 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
35,701 
27,817 
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Onyx Connects Limited Notes to the Accounts for the year ended 31 December 2021
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Taxes and social security
1,927 
4,087 
Other creditors
- 
367 
Loans from directors
4,043 
313 
Accruals
4,443 
2,078 
10,413 
6,845 
Corporation Tax: £1,193 Wages Payable: £4,423
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
21,977 
23,500 
8
Average number of employees
During the year the average number of employees was 4 (2020: 4).
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