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REGISTERED NUMBER: 12249731 (England and Wales)











Financial Statements

for the Year Ended 28 February 2023

for

COR LOGISTICS LTD

COR LOGISTICS LTD (REGISTERED NUMBER: 12249731)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COR LOGISTICS LTD

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mr A Coric





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 12249731 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

COR LOGISTICS LTD (REGISTERED NUMBER: 12249731)

Balance Sheet
28 February 2023

28.2.23 28.2.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,139 3,708

CURRENT ASSETS
Debtors 5 95,805 83,631
Cash at bank 60,045 23,744
155,850 107,375
CREDITORS
Amounts falling due within one year 6 71,022 78,526
NET CURRENT ASSETS 84,828 28,849
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,967

32,557

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 87,867 32,457
SHAREHOLDERS' FUNDS 87,967 32,557

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 23 February 2024 and were signed by:





Mr A Coric - Director


COR LOGISTICS LTD (REGISTERED NUMBER: 12249731)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Cor Logistics 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery etc - 20% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

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

COR LOGISTICS LTD (REGISTERED NUMBER: 12249731)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 March 2022 3,707 800 4,507
Additions - 185 185
At 28 February 2023 3,707 985 4,692
DEPRECIATION
At 1 March 2022 719 80 799
Charge for year 598 156 754
At 28 February 2023 1,317 236 1,553
NET BOOK VALUE
At 28 February 2023 2,390 749 3,139
At 28 February 2022 2,988 720 3,708

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
as restated
£    £   
Trade debtors 15,800 22,167
Amounts owed by group undertakings 77,240 58,740
Other debtors 500 -
VAT 1,751 2,210
Prepayments and accrued income 514 514
95,805 83,631

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
as restated
£    £   
Trade creditors 17,292 44,039
Tax 15,148 4,061
Directors' current accounts 36,654 28,498
Accrued expenses 1,928 1,928
71,022 78,526

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: as restated
£    £   
99 A Ordinary £1 99 99
1 B Ordinary £1 1 1
100 100

COR LOGISTICS LTD (REGISTERED NUMBER: 12249731)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed an amount of £36,654 (2022: £28,498) to the director. The amount is interest free and repayable on demand.

At the balance sheet date, included in debtors due within one year is £77,240 (2022: £58,740) due from Excellence Estates Ltd, a company under common control by the director.