1 October 2022 false No description of principal activity Taxfiler 2024.1 SC674145business:PrivateLimitedCompanyLtd2022-10-012023-09-30 SC6741452022-09-30 SC6741452022-10-012023-09-30 SC674145business:AuditExempt-NoAccountantsReport2022-10-012023-09-30 SC674145business:FilletedAccounts2022-10-012023-09-30 SC6741452023-09-30 SC674145business:Director12022-10-012023-09-30 SC674145business:RegisteredOffice2022-10-012023-09-30 SC6741452022-09-30 SC674145core:WithinOneYear2023-09-30 SC674145core:WithinOneYear2022-09-30 SC674145core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 SC674145core:ShareCapitalcore:PreviouslyStatedAmount2022-09-30 SC674145core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 SC674145core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-09-30 SC674145core:PreviouslyStatedAmount2023-09-30 SC674145core:PreviouslyStatedAmount2022-09-30 SC674145business:SmallEntities2022-10-012023-09-30 SC674145countries:Scotland2022-10-012023-09-30 SC674145core:ComputerEquipment2022-10-012023-09-30 SC674145core:ComputerEquipment2022-09-30 SC674145core:ComputerEquipment2023-09-30 SC674145business:OrdinaryShareClass12022-10-012023-09-30 SC674145business:OrdinaryShareClass12021-10-012022-09-30 SC6741452021-10-012022-09-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC674145 (Scotland)
Corbett Commercial Services Ltd Unaudited accounts for the year ended 30 September 2023
Corbett Commercial Services Ltd Unaudited accounts Contents
Page
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Corbett Commercial Services Ltd Company Information for the year ended 30 September 2023
Director
Thomas Corbett
Company Number
SC674145 (Scotland)
Registered Office
126 Saughton Mains Gardens Edinburgh EH11 3GU Scotland
Accountants
Allsquare (Edinburgh) Ltd Federation House 222-224 Queensferry Road Edinburgh EH4 2BN
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Corbett Commercial Services Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
376 
Current assets
Debtors
- 
7,161 
Cash at bank and in hand
44,076 
26,882 
44,076 
34,043 
Creditors: amounts falling due within one year
(13,228)
(7,333)
Net current assets
30,848 
26,710 
Total assets less current liabilities
30,848 
27,086 
Provisions for liabilities
Deferred tax
- 
(72)
Net assets
30,848 
27,014 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
30,748 
26,914 
Shareholders' funds
30,848 
27,014 
For the year ending 30 September 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 director acknowledges his 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 and authorised for issue on 9 April 2024 and were signed on its behalf by
Thomas Corbett Director Company Registration No. SC674145
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Corbett Commercial Services Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Corbett Commercial Services Ltd is a private company, limited by shares, registered in Scotland, registration number SC674145. The registered office is 126 Saughton Mains Gardens, Edinburgh, EH11 3GU, Scotland.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
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.
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:
Computer equipment
3 years straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Corbett Commercial Services Ltd Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2022
1,129 
At 30 September 2023
1,129 
Depreciation
At 1 October 2022
753 
Charge for the year
376 
At 30 September 2023
1,129 
Net book value
At 30 September 2023
- 
At 30 September 2022
376 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
7,161 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
11,864 
5,067 
Loans from directors
128 
481 
Accruals
1,236 
1,785 
13,228 
7,333 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Transactions with related parties
Included in "Loans from directors" is an amount of £128 (2022: £481) due to the director, Thomas Corbett, by the company. The loan is interest free and has no fixed terms for repayment.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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