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Draft
Corsan Limited
Registered Number:02424005
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 31 October 2023
Corsan Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Draft
Registered Number :
02424005
As at 31 October 2023
Corsan Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
609
812
2
609
812
Current assets
Trade and other receivables
8,940
14,730
3
6,755
Cash and cash equivalents
23,229
37,959
15,695
Trade and other payables: amounts falling due
within one year
(13,364)
(20,028)
4
2,331
17,931
Net current assets
Total assets less current liabilities
18,540
3,143
18,540
Net assets
3,143
Capital and reserves
Called up share capital
99
99
Retained earnings
18,441
3,044
18,540
3,143
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been deliver
ed.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
P Jackson Director
These financial statements were approved and authorised for issue by the Board on 24 July 2024 and were signed by:
The notes form part of these financial statements
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4
Draft
For the year ended 31 October 2023
Corsan Limited
Notes to the Financial Statements
Statutory Information
Corsan Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 02424005.
Registered address:
114 Egerton Road
Bishopston
Bristol
BS7 8HP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared
under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer equipment
2. Property, plant and equipment
Computer
equipment
£
Cost or
valuation
At 01 November 2022
11,700
At 31 October 2023
11,700
Provision for depreciation and impairmen
t
At 01 November 2022
10,888
Charge for year
203
At 31 October 2023
11,091
At 31 October 2023
Net book value
609
At 31 October 2022
812
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5
Draft
For the year ended 31 October 2023
Corsan Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2022
2023
£
£
Trade debtors
8,730
8,940
Other debtors
6,000
-
8,940
14,730
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
1,134
-
Taxation and social security
17,892
11,033
Other creditors
1,002
2,331
20,028
13,364
5. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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