Onyx Connects Limited

Onyx Connects Limited

ONYX CONNECTS LIMITED - Company Information

Print Friendly Version

1 January 2022 false No description of principal activity Taxfiler 2023.7 08832073business:PrivateLimitedCompanyLtd2022-01-012022-12-31 088320732021-12-31 088320732022-01-012022-12-31 08832073business:AuditExemptWithAccountantsReport2022-01-012022-12-31 08832073business:FilletedAccounts2022-01-012022-12-31 088320732022-12-31 08832073business:Director12022-01-012022-12-31 08832073business:RegisteredOffice2022-01-012022-12-31 088320732021-12-31 08832073core:WithinOneYear2022-12-31 08832073core:WithinOneYear2021-12-31 08832073core:AfterOneYear2022-12-31 08832073core:AfterOneYear2021-12-31 08832073core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 08832073core:ShareCapitalcore:PreviouslyStatedAmount2021-12-31 08832073core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 08832073core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-12-31 08832073core:PreviouslyStatedAmount2022-12-31 08832073core:PreviouslyStatedAmount2021-12-31 08832073business:SmallEntities2022-01-012022-12-31 08832073countries:EnglandWales2022-01-012022-12-31 08832073core:FurnitureFittings2022-01-012022-12-31 08832073core:ComputerEquipment2022-01-012022-12-31 08832073core:FurnitureFittings2021-12-31 08832073core:ComputerEquipment2021-12-31 08832073core:FurnitureFittings2022-12-31 08832073core:ComputerEquipment2022-12-31 08832073core:WithinOneYear2022-01-012022-12-31 088320732021-01-012021-12-31 iso4217:GBP xbrli:pure
Company Registration No. 08832073 (England and Wales)
Onyx Connects Limited Unaudited accounts for the year ended 31 December 2022
Onyx Connects Limited Unaudited accounts Contents
Page
- 2 -
Onyx Connects Limited Company Information for the year ended 31 December 2022
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
- 3 -
Onyx Connects Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
3,363 
4,204 
Current assets
Debtors
5
33,712 
35,701 
Cash at bank and in hand
1,074 
2,435 
34,786 
38,136 
Creditors: amounts falling due within one year
6
(11,164)
(10,413)
Net current assets
23,622 
27,723 
Total assets less current liabilities
26,985 
31,927 
Creditors: amounts falling due after more than one year
7
(19,306)
(21,977)
Net assets
7,679 
9,950 
Capital and reserves
Called up share capital
10,000 
10,000 
Profit and loss account
(2,321)
(50)
Shareholders' funds
7,679 
9,950 
For the year ending 31 December 2022 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 26 August 2023 and were signed on its behalf by
Mohammed Junaid Usman Director Company Registration No. 08832073
- 4 -
Onyx Connects Limited Notes to the Accounts for the year ended 31 December 2022
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 2022
6,728 
7,624 
14,352 
At 31 December 2022
6,728 
7,624 
14,352 
Depreciation
At 1 January 2022
4,918 
5,230 
10,148 
Charge for the year
362 
479 
841 
At 31 December 2022
5,280 
5,709 
10,989 
Net book value
At 31 December 2022
1,448 
1,915 
3,363 
At 31 December 2021
1,810 
2,394 
4,204 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
33,712 
35,701 
- 5 -
Onyx Connects Limited Notes to the Accounts for the year ended 31 December 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Taxes and social security
1,961 
1,927 
Other creditors
3,027 
- 
Loans from directors
3,903 
4,043 
Accruals
2,273 
4,443 
11,164 
10,413 
Corporation Tax b/f : £1,193 Wages Payable: £2,273 PAYE/NI: £734.09 Pension Payable: £32.97
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
19,306 
21,977 
8
Average number of employees
During the year the average number of employees was 4 (2021: 4).
- 6 -