Registered number
07694343
Core Management ( NW) Ltd
Filleted Accounts
31 July 2023
Core Management ( NW) Ltd
Registered number: 07694343
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 9,200 11,500
Tangible assets 4 1,350 1,687
10,550 13,187
Current assets
Stocks 2,735 995
Debtors 5 55,247 72,999
Cash at bank and in hand 724 3,526
58,706 77,520
Creditors: amounts falling due within one year 6 (8,998) (20,082)
Net current assets 49,708 57,438
Total assets less current liabilities 60,258 70,625
Creditors: amounts falling due after more than one year 7 (13,204) (15,844)
Net assets 47,054 54,781
Capital and reserves
Called up share capital 100 100
Profit and loss account 46,954 54,681
Shareholders' funds 47,054 54,781
Average number of employees 3 3
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs C White
Director
Approved by the board on 29 July 2024
Core Management ( NW) Ltd
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery Reducing balance 20%
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2022 23,000
At 31 July 2023 23,000
Amortisation
At 1 August 2022 11,500
Provided during the year 2,300
At 31 July 2023 13,800
Net book value
At 31 July 2023 9,200
At 31 July 2022 11,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery
£
Cost
At 1 August 2022 4,528
At 31 July 2023 4,528
Depreciation
At 1 August 2022 2,841
Charge for the year 337
At 31 July 2023 3,178
Net book value
At 31 July 2023 1,350
At 31 July 2022 1,687
5 Debtors 2023 2022
£ £
Trade debtors 1,293 -
Other debtors 53,954 72,999
55,247 72,999
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,640 2,640
Trade creditors - 1,296
Taxation and social security costs 7,280 13,678
Other creditors (922) 2,468
8,998 20,082
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 13,204 15,844
8 Other information
Core Management ( NW) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Orchard
Woodhart Lane
Eccleston
Chorley
PR7 5TB
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