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REGISTERED NUMBER: 03946501 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Coradale Limited

Coradale Limited (Registered number: 03946501)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Coradale Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: S C Smith
P S Phillips





REGISTERED OFFICE: 29a Crown Street
Brentwood
Essex
CM14 4BA





REGISTERED NUMBER: 03946501 (England and Wales)





ACCOUNTANTS: Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA

Coradale Limited (Registered number: 03946501)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,782 19,050
Tangible assets 5 1,505 3,168
6,287 22,218

CURRENT ASSETS
Stocks 6,500 4,085
Debtors 6 38,648 127,380
Cash at bank 54,113 4,801
99,261 136,266
CREDITORS
Amounts falling due within one year 7 22,059 32,652
NET CURRENT ASSETS 77,202 103,614
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,489

125,832

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 82,489 124,832
SHAREHOLDERS' FUNDS 83,489 125,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Coradale Limited (Registered number: 03946501)

Balance Sheet - continued
31st March 2024


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 Board of Directors and authorised for issue on 5th August 2024 and were signed on its behalf by:





S C Smith - Director


Coradale Limited (Registered number: 03946501)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Coradale Limited 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.

Revenue recognition
Turnover comprises net invoiced sales of goods, excluding value added tax, together with royalties and other income receivable during the year.

Recording costs
Each recording project is assessed by the directors at the company's year-end and, if they consider it to be commercially viable, its initial recording costs are carried forward and amortised evenly over a four month period starting in the month that the recording is released. Initial recording costs for projects that are not considered by the directors to be commercially viable are immediately charged against the profit for the year.


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 - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Coradale Limited (Registered number: 03946501)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st April 2023 20,279
Additions 7,227
Disposals (22,724 )
At 31st March 2024 4,782
AMORTISATION
At 1st April 2023 1,229
Charge for year 21,297
Eliminated on disposal (22,526 )
At 31st March 2024 -
NET BOOK VALUE
At 31st March 2024 4,782
At 31st March 2023 19,050

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 31,359
Additions 1,219
Disposals (650 )
At 31st March 2024 31,928
DEPRECIATION
At 1st April 2023 28,191
Charge for year 2,882
Eliminated on disposal (650 )
At 31st March 2024 30,423
NET BOOK VALUE
At 31st March 2024 1,505
At 31st March 2023 3,168

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 9,051 5,377
Other debtors 29,597 122,003
38,648 127,380

Coradale Limited (Registered number: 03946501)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 20,059 30,652
Other creditors 2,000 2,000
22,059 32,652

8. RELATED PARTY DISCLOSURES

During the year, Wey Valley Music Limited, a company that had a director in common with the company, repaid its loan from the company. The balance due to the company from Wey Valley Music Limited at 31st March 2024 amounted to £Nil (2023: £73,400).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Coradale Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Coradale Limited for the year ended 31st March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Coradale Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Coradale Limited and state those matters that we have agreed to state to the Board of Directors of Coradale Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coradale Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Coradale Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Coradale Limited. You consider that Coradale Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Coradale Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA


6th August 2024