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REGISTERED NUMBER: 03693300 (England and Wales)















CORTEZ SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023






CORTEZ SERVICES LIMITED (REGISTERED NUMBER: 03693300)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CORTEZ SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr T M Marinov





REGISTERED OFFICE: 264 Markhouse Road
Walthamstow
London
E17 8EF





REGISTERED NUMBER: 03693300 (England and Wales)





ACCOUNTANTS: Kounnis And Partners Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

CORTEZ SERVICES LIMITED (REGISTERED NUMBER: 03693300)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 915 1,220

CURRENT ASSETS
Inventories 5 5,000 20,000
Debtors 6 38,148 12,531
Cash at bank 28,900 16,467
72,048 48,998
CREDITORS
Amounts falling due within one year 7 (40,231 ) (34,655 )
NET CURRENT ASSETS 31,817 14,343
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,732

15,563

CREDITORS
Amounts falling due after more than one
year

8

(32,035

)

(37,446

)

PROVISIONS FOR LIABILITIES (165 ) -
NET ASSETS/(LIABILITIES) 532 (21,883 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 432 (21,983 )
SHAREHOLDERS' FUNDS 532 (21,883 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CORTEZ SERVICES LIMITED (REGISTERED NUMBER: 03693300)

BALANCE SHEET - continued
31 MARCH 2023


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 director and authorised for issue on 27 September 2023 and were signed by:





Mr T M Marinov - Director


CORTEZ SERVICES LIMITED (REGISTERED NUMBER: 03693300)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Cortez Services 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.

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 represents the total invoice value excluding value added tax of sales made during the year
and derives from the provision of services falling within the company's ordinary activities. Sales are recognised on the creation of an enforceable debt.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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.

CORTEZ SERVICES LIMITED (REGISTERED NUMBER: 03693300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 9,000 810 9,810
DEPRECIATION
At 1 April 2022 7,799 791 8,590
Charge for year 300 5 305
At 31 March 2023 8,099 796 8,895
NET BOOK VALUE
At 31 March 2023 901 14 915
At 31 March 2022 1,201 19 1,220

5. INVENTORIES
31.3.23 31.3.22
£    £   
Work-in-progress 5,000 20,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 1,000
VAT 38,148 11,531
38,148 12,531

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,600 10,000
Trade creditors - 3,452
Taxation and social security 24,487 4,814
Other creditors 5,144 16,389
40,231 34,655

CORTEZ SERVICES LIMITED (REGISTERED NUMBER: 03693300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 32,035 37,446

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr T M Marinov.