Kordus Consulting Limited 10890170 false 2022-04-01 2022-12-31 2022-12-31 The principal activity of the company is Asbestos consultancy Digita Accounts Production Advanced 6.30.9574.0 true 10890170 2022-04-01 2022-12-31 10890170 2022-12-31 10890170 bus:OrdinaryShareClass1 2022-12-31 10890170 core:RetainedEarningsAccumulatedLosses 2022-12-31 10890170 core:ShareCapital 2022-12-31 10890170 core:CurrentFinancialInstruments 2022-12-31 10890170 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 10890170 core:Non-currentFinancialInstruments 2022-12-31 10890170 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 10890170 core:MotorVehicles 2022-12-31 10890170 core:PlantMachinery 2022-12-31 10890170 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-12-31 10890170 bus:SmallEntities 2022-04-01 2022-12-31 10890170 bus:AuditExemptWithAccountantsReport 2022-04-01 2022-12-31 10890170 bus:FullAccounts 2022-04-01 2022-12-31 10890170 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2022-12-31 10890170 bus:RegisteredOffice 2022-04-01 2022-12-31 10890170 bus:Director1 2022-04-01 2022-12-31 10890170 bus:Director2 2022-04-01 2022-12-31 10890170 bus:Director3 2022-04-01 2022-12-31 10890170 bus:Director4 2022-04-01 2022-12-31 10890170 bus:OrdinaryShareClass1 2022-04-01 2022-12-31 10890170 bus:PrivateLimitedCompanyLtd 2022-04-01 2022-12-31 10890170 core:MotorVehicles 2022-04-01 2022-12-31 10890170 core:PlantMachinery 2022-04-01 2022-12-31 10890170 core:Vehicles 2022-04-01 2022-12-31 10890170 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-04-01 2022-12-31 10890170 countries:England 2022-04-01 2022-12-31 10890170 2022-03-31 10890170 core:MotorVehicles 2022-03-31 10890170 core:PlantMachinery 2022-03-31 10890170 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-03-31 10890170 2021-09-01 2022-03-31 10890170 2022-03-31 10890170 bus:OrdinaryShareClass1 2022-03-31 10890170 core:RetainedEarningsAccumulatedLosses 2022-03-31 10890170 core:ShareCapital 2022-03-31 10890170 core:CurrentFinancialInstruments 2022-03-31 10890170 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 10890170 core:Non-currentFinancialInstruments 2022-03-31 10890170 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 10890170 core:MotorVehicles 2022-03-31 10890170 core:PlantMachinery 2022-03-31 10890170 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-03-31 10890170 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-09-01 2022-03-31 10890170 2021-08-31 10890170 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10890170

Kordus Consulting Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 April 2022 to 31 December 2022

 

Kordus Consulting Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Kordus Consulting Limited

Company Information

Directors

Mr Paul John Gilby

Mr Edward Thomas Deverill

Mr William Andrew Deverill

Mr Kevin William Challinor

Registered office

Ransom Hall
Ransom Wood Business Park
Southwell Road West
Mansfield
Nottinghamshire
NG21 0HJ

Accountants

Wenlocks Accountancy & Taxation Services Limited
Chartered Certified Accountants
17 Newcastle Road
Loggerheads
Market Drayton
Shropshire
TF9 4PH

 

Kordus Consulting Limited

(Registration number: 10890170)
Balance Sheet as at 31 December 2022

Note

2022
£

2022
£

Fixed assets

 

Tangible assets

4

55,868

51,394

Current assets

 

Debtors

5

103,505

94,399

Cash at bank and in hand

 

59,094

46,225

 

162,599

140,624

Creditors: Amounts falling due within one year

6

(56,021)

(24,545)

Net current assets

 

106,578

116,079

Total assets less current liabilities

 

162,446

167,473

Creditors: Amounts falling due after more than one year

6

(143,850)

(156,323)

Net assets

 

18,596

11,150

Capital and reserves

 

Called up share capital

7

200

200

Profit and loss account

18,396

10,950

Shareholders' funds

 

18,596

11,150

For the financial period ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 17 April 2023 and signed on its behalf by:
 

.........................................
Mr Edward Thomas Deverill
Director

 

Kordus Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 December 2022

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Ransom Hall
Ransom Wood Business Park
Southwell Road West
Mansfield
Nottinghamshire
NG21 0HJ

These financial statements were authorised for issue by the Board on 17 April 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Kordus Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 December 2022

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% straight line basis

Vehicles

25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Kordus Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 December 2022

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 10 (2022 - 6).

 

Kordus Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 December 2022

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

50,479

12,580

63,059

Additions

18,770

-

18,770

At 31 December 2022

69,249

12,580

81,829

Depreciation

At 1 April 2022

9,830

1,835

11,665

Charge for the period

11,938

2,358

14,296

At 31 December 2022

21,768

4,193

25,961

Carrying amount

At 31 December 2022

47,481

8,387

55,868

At 31 March 2022

40,649

10,745

51,394

5

Debtors

2022
£

2022
£

Trade debtors

99,206

85,937

Prepayments

4,299

8,462

103,505

94,399

6

Creditors

Creditors: amounts falling due within one year

2022
£

2022
£

Due within one year

Taxation and social security

46,021

21,300

Accruals and deferred income

10,000

3,001

Other creditors

-

244

56,021

24,545

 

Kordus Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 December 2022

Creditors: amounts falling due after more than one year

Note

2022
£

2022
£

Due after one year

 

Loans and borrowings

8

143,850

156,323

7

Share capital

Allotted, called up and fully paid shares

 

2022

2022

 

No.

£

No.

£

Ordinary shares of £1 each

200

200

200

200

         

8

Loans and borrowings

2022
£

2022
£

Non-current loans and borrowings

Other borrowings

143,850

156,323

9

Related party transactions

Loans from related parties

2022

Key management
£

Total
£

At start of period

156,323

156,323

Repaid

12,473

12,473

At end of period

168,796

168,796

2022

Key management
£

Total
£

At start of period

96,373

96,373

Advanced

59,950

59,950

At end of period

156,323

156,323