Company Registration No. 11700741 (England and Wales)
Coraldeck Ltd
Unaudited accounts
for the year ended 30 November 2023
Coraldeck Ltd
Unaudited accounts
Contents
Coraldeck Ltd
Company Information
for the year ended 30 November 2023
Company Number
11700741 (England and Wales)
Registered Office
153 Crockhamwell Road
Woodley
Reading
RG5 3JP
Accountants
Anthony Daniel Associates Ltd
10 Julian Place
London
E14 3AT
Coraldeck Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
21,286
8,321
Cash at bank and in hand
33,175
75,077
Creditors: amounts falling due within one year
(28,731)
(44,070)
Net current assets
6,478
39,089
Total assets less current liabilities
27,764
47,410
Creditors: amounts falling due after more than one year
(8,826)
-
Called up share capital
1
1
Profit and loss account
18,937
47,409
Shareholders' funds
18,938
47,410
For the year ending 30 November 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 her 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 and authorised for issue on 19 August 2024 and were signed on its behalf by
Choo Wan Phang
Director
Company Registration No. 11700741
Coraldeck Ltd
Notes to the Accounts
for the year ended 30 November 2023
Coraldeck Ltd is a private company, limited by shares, registered in England and Wales, registration number 11700741. The registered office is 153 Crockhamwell Road, Woodley, Reading, RG5 3JP.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Plant & machinery
Over 5 years
Motor vehicles
20% at cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Coraldeck Ltd
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 December 2022
10,146
1,795
11,941
Additions
92
16,668
16,760
At 30 November 2023
10,238
18,463
28,701
At 1 December 2022
3,530
90
3,620
Charge for the year
2,047
1,748
3,795
At 30 November 2023
5,577
1,838
7,415
At 30 November 2023
4,661
16,625
21,286
At 30 November 2022
6,616
1,705
8,321
Amounts falling due within one year
Accrued income and prepayments
691
2,263
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
2,353
-
Trade creditors
2,154
3,049
Taxes and social security
13,573
24,329
Loans from directors
7,859
15,426
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
8,826
-
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
The company is under the control of the director, Ms C W Phang by virtue of her shareholdings in the company.
Coraldeck Ltd
Notes to the Accounts
for the year ended 30 November 2023
10
Average number of employees
During the year the average number of employees was 5 (2022: 6).