Company Registration No. 02288929 (England and Wales)
CORRI LIMITED
Unaudited accounts
for the year ended 31 December 2023
CORRI LIMITED
Unaudited accounts
Contents
CORRI LIMITED
Company Information
for the year ended 31 December 2023
Directors
WISSAM AYOUB
HEIDI AYOUB
Company Number
02288929 (England and Wales)
Registered Office
Willows Briar Road
Send
Woking
GU23 7AN
Accountants
VSCT Tax Consultancy Ltd
Chartered Certified Accountants and
Tax Advisers
406 Brighton Road
South Croydon
CR2 6AN
CORRI LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
65,766
74,737
Cash at bank and in hand
608,800
507,805
Creditors: amounts falling due within one year
(474,432)
(417,372)
Net current assets
134,368
101,735
Net assets
200,134
176,472
Called up share capital
1,000
1,000
Profit and loss account
199,134
175,472
Shareholders' funds
200,134
176,472
For the year ending 31 December 2023 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 21 February 2023 and were signed on its behalf by
WISSAM AYOUB
Director
Company Registration No. 02288929
CORRI LIMITED
Notes to the Accounts
for the year ended 31 December 2023
CORRI LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02288929. The registered office is Willows Briar Road, Send, Woking, GU23 7AN.
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:
Land & buildings
10% on a straight line basis
Plant & machinery
25% on a straight line basis
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 January 2023
102,100
81,635
183,735
At 31 December 2023
102,100
84,739
186,839
At 1 January 2023
30,630
78,368
108,998
Charge for the year
10,210
1,865
12,075
At 31 December 2023
40,840
80,233
121,073
At 31 December 2023
61,260
4,506
65,766
At 31 December 2022
71,470
3,267
74,737
CORRI LIMITED
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
357,314
277,707
Taxes and social security
110,504
91,395
Other creditors
2,337
44,118
7
Average number of employees
During the year the average number of employees was 5 (2022: 5).