Registered number
02491347
J.C. CORDING & CO LIMITED
Unaudited Filleted Accounts
30 April 2023
J.C. CORDING & CO LIMITED
Registered number: 02491347
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 816,608 821,239
Investments 4 7,500 7,500
824,108 828,739
Current assets
Debtors 5 625,094 399,156
Cash at bank and in hand 1,074,879 816,107
1,699,973 1,215,263
Creditors: amounts falling due within one year 6 (237,798) (203,163)
Net current assets 1,462,175 1,012,100
Net assets 2,286,283 1,840,839
Capital and reserves
Called up share capital 132,600 132,600
Profit and loss account 2,153,683 1,708,239
Shareholders' funds 2,286,283 1,840,839
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A M C Uloth
Director
Approved by the board on 13 October 2023
J.C. CORDING & CO LIMITED
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 11 11
3 Tangible fixed assets
Land and buildings Motor vehicles Total
£ £ £
Cost
At 1 May 2022 807,347 18,523 825,870
At 30 April 2023 807,347 18,523 825,870
Depreciation
At 1 May 2022 - 4,631 4,631
Charge for the year - 4,631 4,631
At 30 April 2023 - 9,262 9,262
Net book value
At 30 April 2023 807,347 9,261 816,608
At 30 April 2022 807,347 13,892 821,239
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 May 2022 7,500
At 30 April 2023 7,500
5 Debtors 2023 2022
£ £
Trade debtors 1,311 -
Amounts owed by group undertakings and undertakings in which the company has a participating interest 623,783 399,156
625,094 399,156
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 60,000 59,158
Corporation tax 80,308 1,061
Other taxes and social security 97,490 142,944
237,798 203,163
7 Other information
J.C. CORDING & CO LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
19 Piccadilly
London
W1J 0LA
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