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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
Page
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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
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Coreth Arts Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
70,952 
70,952 
Tangible assets
285,855 
285,979 
356,807 
356,931 
Current assets
Inventories
105,155 
105,770 
Debtors
436 
5,208 
Cash at bank and in hand
(276,306)
(182,334)
(170,715)
(71,356)
Creditors: amounts falling due within one year
(130,969)
(225,386)
Net current liabilities
(301,684)
(296,742)
Net assets
55,123 
60,189 
Capital and reserves
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
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Coreth Arts Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2022
70,952 
At 31 October 2023
70,952 
Amortisation
At 1 November 2022
- 
At 31 October 2023
- 
Net book value
At 31 October 2023
70,952 
At 31 October 2022
70,952 
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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 
Additions
583 
- 
- 
583 
At 31 October 2023
296,538 
1,217 
6,227 
303,982 
Depreciation
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 
Net book value
At 31 October 2023
284,392 
70 
1,393 
285,855 
At 31 October 2022
284,028 
92 
1,859 
285,979 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
436 
5,208 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
518 
VAT
3,421 
7,502 
Trade creditors
5,450 
5,910 
Loans from directors
121,105 
210,463 
Accruals
993 
993 
130,969 
225,386 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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