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REGISTERED NUMBER: 06396364 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 APRIL 2023

FOR

COREBRAND DESIGN LTD

COREBRAND DESIGN LTD (REGISTERED NUMBER: 06396364)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COREBRAND DESIGN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 APRIL 2023







DIRECTOR: Mr M H Prescott





SECRETARY: Mrs D Prescott





REGISTERED OFFICE: Equinox House
Clifton Park Avenue
York
YO30 5PA





REGISTERED NUMBER: 06396364 (England and Wales)





ACCOUNTANTS: Fortus North Limited
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

COREBRAND DESIGN LTD (REGISTERED NUMBER: 06396364)

BALANCE SHEET
29 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 71,692 91,500
Investments 5 91,675 89,000
163,367 180,500

CURRENT ASSETS
Stocks 76,724 54,626
Debtors 6 250,032 244,376
Cash at bank 337,888 494,834
664,644 793,836
CREDITORS
Amounts falling due within one year 7 114,669 72,623
NET CURRENT ASSETS 549,975 721,213
TOTAL ASSETS LESS CURRENT LIABILITIES 713,342 901,713

CREDITORS
Amounts falling due after more than
one year

8

(33,624

)

(33,866

)

PROVISIONS FOR LIABILITIES (14,274 ) (14,963 )
NET ASSETS 665,444 852,884

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 664,444 851,884
665,444 852,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

COREBRAND DESIGN LTD (REGISTERED NUMBER: 06396364)

BALANCE SHEET - continued
29 APRIL 2023


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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 April 2024 and were signed by:





Mr M H Prescott - Director


COREBRAND DESIGN LTD (REGISTERED NUMBER: 06396364)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2023


1. STATUTORY INFORMATION

Corebrand Design Ltd 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 as modified by the revaluation of certain assets.

These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

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.
Land and buildings - 10% on reducing balance
Plant and machinery etc - 20% on reducing balance

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable, A grant received before the recognition criteria are satisfied is recognised as a liability.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 balance sheet date.


COREBRAND DESIGN LTD (REGISTERED NUMBER: 06396364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 APRIL 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 30 April 2022 41,105 180,426 221,531
Additions - 20,737 20,737
Disposals - (86,319 ) (86,319 )
At 29 April 2023 41,105 114,844 155,949
DEPRECIATION
At 30 April 2022 25,639 104,392 130,031
Charge for year - 16,262 16,262
Eliminated on disposal - (77,502 ) (77,502 )
Impairments 15,466 - 15,466
At 29 April 2023 41,105 43,152 84,257
NET BOOK VALUE
At 29 April 2023 - 71,692 71,692
At 29 April 2022 15,466 76,034 91,500

COREBRAND DESIGN LTD (REGISTERED NUMBER: 06396364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 APRIL 2023


4. TANGIBLE FIXED ASSETS - continued

The short leasehold has been impaired in the year to a nil value as it is deemed there is no remaining value.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 30 April 2022 89,000
Additions 4,517
Revaluations (1,842 )
At 29 April 2023 91,675
NET BOOK VALUE
At 29 April 2023 91,675
At 29 April 2022 89,000

Cost or valuation at 29 April 2023 is represented by:

Other
investments
£   
Valuation in 2022 89,000
Valuation in 2023 2,675
91,675

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 246,458 244,376
Other debtors 3,574 -
250,032 244,376

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 2,338 3,850
Trade creditors 8,230 3,022
Taxation 89,103 29,130
Other creditors 14,998 36,621
114,669 72,623

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 33,624 33,866