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REGISTERED NUMBER: 12088576 (England and Wales)















CORE CONTRACTS LIMITED

Unaudited Financial Statements for the Year Ended 30 September 2023






CORE CONTRACTS LIMITED (REGISTERED NUMBER: 12088576)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CORE CONTRACTS LIMITED

Company Information
for the Year Ended 30 September 2023







DIRECTOR: J Bromley





REGISTERED OFFICE: 59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 12088576 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

CORE CONTRACTS LIMITED (REGISTERED NUMBER: 12088576)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,072 37,250

CURRENT ASSETS
Debtors 5 2,738 18,463
Cash at bank 21,143 30,473
23,881 48,936
CREDITORS
Amounts falling due within one year 6 22,359 57,430
NET CURRENT ASSETS/(LIABILITIES) 1,522 (8,494 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,594

28,756

CREDITORS
Amounts falling due after more than one
year

7

(18,765

)

(22,509

)

PROVISIONS FOR LIABILITIES (6,768 ) (7,078 )
NET ASSETS/(LIABILITIES) 3,061 (831 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,961 (931 )
3,061 (831 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

CORE CONTRACTS LIMITED (REGISTERED NUMBER: 12088576)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

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





J Bromley - Director


CORE CONTRACTS LIMITED (REGISTERED NUMBER: 12088576)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Core Contracts 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.
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 balance sheet date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

CORE CONTRACTS LIMITED (REGISTERED NUMBER: 12088576)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 39,306 1,411 40,717
DEPRECIATION
At 1 October 2022 3,276 191 3,467
Charge for year 9,826 352 10,178
At 30 September 2023 13,102 543 13,645
NET BOOK VALUE
At 30 September 2023 26,204 868 27,072
At 30 September 2022 36,030 1,220 37,250

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 12,225
Other debtors 2,638 6,138
Prepayments 100 100
2,738 18,463

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 3,744 3,744
Trade creditors - 20,751
Social security and other taxes 8,992 1,991
VAT 4,152 7,975
Directors' current accounts - 17,500
Accrued expenses 5,471 5,469
22,359 57,430

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 18,765 22,509

8. RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £2,638 owed by a company under common control.