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Company Registration No. 05252882 (England and Wales)
CORESYS LIMITED Unaudited accounts for the year ended 31 October 2023
CORESYS LIMITED Unaudited accounts Contents
Page
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CORESYS LIMITED Company Information for the year ended 31 October 2023
Director
Mr Kelvin Harding
Company Number
05252882 (England and Wales)
Registered Office
WATSONS FARM BLACKAWTON TOTNES DEVON TQ9 7AZ
Accountants
Munn Accounting Ltd 64 Coed Meiri Tyla Garw Pontyclun RCT CF72 9UW
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CORESYS LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,175 
6,435 
Current assets
Debtors
1,648 
3,800 
Cash at bank and in hand
17,616 
20,495 
19,264 
24,295 
Creditors: amounts falling due within one year
(5,444)
(16,275)
Net current assets
13,820 
8,020 
Total assets less current liabilities
14,995 
14,455 
Creditors: amounts falling due after more than one year
(14,250)
(12,000)
Net assets
745 
2,455 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
744 
2,454 
Shareholders' funds
745 
2,455 
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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 5 April 2024 and were signed on its behalf by
Mr Kelvin Harding Director Company Registration No. 05252882
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CORESYS LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
CORESYS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05252882. The registered office is WATSONS FARM, BLACKAWTON, TOTNES, DEVON, TQ9 7AZ.
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.
Presentation currency
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:
Motor vehicles
25% on Straight Line Basis
Fixtures & fittings
25% on Reducing Balance
Computer equipment
50% on Straight Line Basis
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 November 2022
50,351 
Additions
2,350 
At 31 October 2023
52,701 
Depreciation
At 1 November 2022
43,916 
Charge for the year
7,610 
At 31 October 2023
51,526 
Net book value
At 31 October 2023
1,175 
At 31 October 2022
6,435 
5
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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