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Company Registration No. 11700741 (England and Wales)
Coraldeck Ltd Unaudited accounts for the year ended 30 November 2023
Coraldeck Ltd Unaudited accounts Contents
Page
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Coraldeck Ltd Company Information for the year ended 30 November 2023
Director
Choo Wan Phang
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
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Coraldeck Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,286 
8,321 
Current assets
Inventories
375 
375 
Debtors
1,659 
7,707 
Cash at bank and in hand
33,175 
75,077 
35,209 
83,159 
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)
- 
Net assets
18,938 
47,410 
Capital and reserves
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
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Coraldeck Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
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.
Turnover
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
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 taxation
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.
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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 
Depreciation
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 
Net book value
At 30 November 2023
4,661 
16,625 
21,286 
At 30 November 2022
6,616 
1,705 
8,321 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
968 
5,444 
Accrued income and prepayments
691 
2,263 
1,659 
7,707 
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 
Other creditors
269 
273 
Loans from directors
7,859 
15,426 
Accruals
2,523 
993 
28,731 
44,070 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
8,826 
- 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Controlling party
The company is under the control of the director, Ms C W Phang by virtue of her shareholdings in the company.
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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).
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