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REGISTERED NUMBER: 04255222 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

CORDLESS LIMITED

CORDLESS LIMITED (REGISTERED NUMBER: 04255222)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CORDLESS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: K Orpen
D A Orpen





SECRETARY: D A Orpen





REGISTERED OFFICE: 3 Blacklands Crescent
Forest Row
East Sussex
RH18 5NN





REGISTERED NUMBER: 04255222 (England and Wales)





ACCOUNTANTS: Charles Lamb
Chartered Accountants
3 Blacklands Crescent
Forest Row
East Sussex
RH18 5NN

CORDLESS LIMITED (REGISTERED NUMBER: 04255222)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,354 9,595

CURRENT ASSETS
Debtors 5 3,887 1,741
Cash at bank 2,926 9,168
6,813 10,909
CREDITORS
Amounts falling due within one year 6 13,509 18,862
NET CURRENT LIABILITIES (6,696 ) (7,953 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

658

1,642

PROVISIONS FOR LIABILITIES 153 383
NET ASSETS 505 1,259

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 405 1,159
SHAREHOLDERS' FUNDS 505 1,259

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 14 October 2023 and were signed on its behalf by:



K Orpen - Director


CORDLESS LIMITED (REGISTERED NUMBER: 04255222)

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

1. STATUTORY INFORMATION

Cordless 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

CORDLESS LIMITED (REGISTERED NUMBER: 04255222)

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

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 11,100 26,546 15,532 1,355 54,533
Additions - 276 - - 276
Disposals - (7,310 ) - - (7,310 )
At 31 July 2023 11,100 19,512 15,532 1,355 47,499
DEPRECIATION
At 1 August 2022 3,330 24,721 15,532 1,355 44,938
Charge for year 1,110 1,407 - - 2,517
Eliminated on disposal - (7,310 ) - - (7,310 )
At 31 July 2023 4,440 18,818 15,532 1,355 40,145
NET BOOK VALUE
At 31 July 2023 6,660 694 - - 7,354
At 31 July 2022 7,770 1,825 - - 9,595

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 473
Other debtors 3,887 1,268
3,887 1,741

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,104 1,744
Taxation and social security 1,604 4,311
Other creditors 9,801 12,807
13,509 18,862

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
K Orpen
Balance outstanding at start of year (3,471 ) (3,372 )
Amounts advanced 35,446 34,250
Amounts repaid (29,575 ) (34,349 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,400 (3,471 )

CORDLESS LIMITED (REGISTERED NUMBER: 04255222)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The loan to the director is unsecured and repayable on demand. Interest at 2.25% is paid on amounts due to the company but the loan is otherwise interest free.