Company Registration No. 11695616 (England and Wales)
Corteq Limited
Unaudited accounts
for the year ended 30 November 2021
Corteq Limited
Unaudited accounts
Contents
Corteq Limited
Company Information
for the year ended 30 November 2021
Directors
David Low
Peter McGowan
Company Number
11695616 (England and Wales)
Registered Office
1 EARLSTREES COURT
EARLSTREES INDUSTRIAL ESTATE
CORBY
NORTHHAMPTONSHIRE
NN17 4AX
ENGLAND
Accountants
Oak Team Associates Limited
272 Bath Street
Glasgow
G2 4JR
Corteq Limited
Statement of financial position
as at 30 November 2021
Intangible assets
20,000
20,000
Tangible assets
2,828
3,779
Cash at bank and in hand
16,317
42,636
Creditors: amounts falling due within one year
(15,256)
(5,256)
Net current assets
16,161
37,480
Total assets less current liabilities
38,989
61,259
Creditors: amounts falling due after more than one year
(39,167)
(50,000)
Net (liabilities)/assets
(178)
11,259
Called up share capital
100
100
Revaluation reserve
18,998
18,998
Profit and loss account
(19,276)
(7,839)
Shareholders' funds
(178)
11,259
For the year ending 30 November 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 directors acknowledge their 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 of Directors and authorised for issue on 26 August 2022 and were signed on its behalf by
David Low
Director
Company Registration No. 11695616
Corteq Limited
Notes to the Accounts
for the year ended 30 November 2021
Corteq Limited is a private company, limited by shares, registered in England and Wales, registration number 11695616. The registered office is 1 EARLSTREES COURT, EARLSTREES INDUSTRIAL ESTATE, CORBY, NORTHHAMPTONSHIRE, NN17 4AX, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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% on a straight line basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Where the value of the intangible asset has, in the opinion of the directors, increased during the period, the asset is included at the revaluation figure, with any increase carried in the revaluation reserve in line with IAS 38
4
Intangible fixed assets
Other
At 30 November 2021
20,000
At 30 November 2021
20,000
At 30 November 2020
20,000
Corteq Limited
Notes to the Accounts
for the year ended 30 November 2021
5
Tangible fixed assets
Fixtures & fittings
6
Debtors: amounts falling due within one year
2021
2020
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
10,000
-
Loans from directors
4,956
4,956
8
Creditors: amounts falling due after more than one year
2021
2020
9
Average number of employees
During the year the average number of employees was 0 (2020: 0).