On-Site Connect Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06214244 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

On-Site Connect Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D D Burnett

Mrs S Burnett

REGISTERED OFFICE:

Gatcombe House

Copnor Road

Portsmouth

Hampshire

PO3 5EJ

REGISTERED NUMBER:

06214244 (England and Wales)

ACCOUNTANTS:

Ency Associates

Chartered Certified Accountants

Printware Court

Cumberland Business Centre

Northumberland Road

Portsmouth

Hampshire

PO5 1DS

FIXED ASSETS

Tangible assets

4

18,173

29,862

CURRENT ASSETS

Stocks

408

188

Debtors

5

247,339

314,127

Cash at bank

66,816

66,155

314,563

380,470

CREDITORS

Amounts falling due within one year

6

96,628

106,569

NET CURRENT ASSETS

217,935

273,901

TOTAL ASSETS LESS CURRENT LIABILITIES

236,108

303,763

CREDITORS

Amounts falling due after more than one year

7

(42,500

)

-

PROVISIONS FOR LIABILITIES

(3,453

)

(5,674

)

NET ASSETS

190,155

298,089

CAPITAL AND RESERVES

Called up share capital

52

52

Capital redemption reserve

49

49

Retained earnings

190,054

297,988

SHAREHOLDERS' FUNDS

190,155

298,089

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 20 July 2021 and were signed on its behalf by:

D D Burnett - Director

1.	STATUTORY INFORMATION

On-Site Connect Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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.

Tangible fixed assets

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

Fixtures & fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Computer

& fittings

equipment

Totals

£

£

£

COST

At 1 April 2020

1,186

45,867

47,053

Additions

-

3,127

3,127

At 31 March 2021

1,186

48,994

50,180

DEPRECIATION

At 1 April 2020

951

16,240

17,191

Charge for year

35

14,781

14,816

At 31 March 2021

986

31,021

32,007

NET BOOK VALUE

At 31 March 2021

200

17,973

18,173

At 31 March 2020

235

29,627

29,862

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

117,585

127,165

Other debtors

129,754

186,962

247,339

314,127

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans and overdrafts

7,500

-

Trade creditors

15,212

26,018

Taxation and social security

41,952

33,409

Other creditors

31,964

47,142

96,628

106,569

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans

42,500

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,500

-

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2021 and 31 March 2020:

31.3.21

31.3.20

£

£

D D Burnett and Mrs S Burnett

Balance outstanding at start of year

97,515

-

Amounts advanced

50,000

200,000

Amounts repaid

(106,942

)

(102,485

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

40,573

97,515

9.	ULTIMATE CONTROLLING PARTY

The controlling party is D D Burnett.