Company Registration No. 08262816 (England and Wales)
Coreth Arts Limited
Unaudited accounts
for the year ended 31 October 2023
Coreth Arts Limited
Unaudited accounts
Contents
Coreth Arts Limited
Company Information
for the year ended 31 October 2023
Directors
Mark Coreth
Jamie Coreth
Company Number
08262816 (England and Wales)
Registered Office
Opus House
Cole Street Lane
Gillingham
SP8 5JQ
United Kingdom
Accountants
Prime Entry Ltd
The Office Rose Cottage
Cole Street Lane
Gillingham
Dorset
SP8 5JQ
Coreth Arts Limited
Statement of financial position
as at 31 October 2023
Intangible assets
70,952
70,952
Tangible assets
285,855
285,979
Inventories
105,155
105,770
Cash at bank and in hand
(276,306)
(182,334)
Creditors: amounts falling due within one year
(130,969)
(225,386)
Net current liabilities
(301,684)
(296,742)
Called up share capital
1,020
1,020
Profit and loss account
54,103
59,169
Shareholders' funds
55,123
60,189
For the year ending 31 October 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 15 March 2024 and were signed on its behalf by
Mark Coreth
Director
Company Registration No. 08262816
Coreth Arts Limited
Notes to the Accounts
for the year ended 31 October 2023
Coreth Arts Limited is a private company, limited by shares, registered in England and Wales, registration number 08262816. The registered office is Opus House, Cole Street Lane , Gillingham, SP8 5JQ, United Kingdom.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Coreth Arts Limited
Notes to the Accounts
for the year ended 31 October 2023
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
295,955
1,217
6,227
303,399
At 31 October 2023
296,538
1,217
6,227
303,982
At 1 November 2022
11,927
1,125
4,368
17,420
Charge for the year
219
22
466
707
At 31 October 2023
12,146
1,147
4,834
18,127
At 31 October 2023
284,392
70
1,393
285,855
At 31 October 2022
284,028
92
1,859
285,979
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
518
Trade creditors
5,450
5,910
Loans from directors
121,105
210,463
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).