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REGISTERED NUMBER: 11042560 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Cornerbrook Lifting Consultants Limited

Cornerbrook Lifting Consultants Limited (Registered number: 11042560)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Cornerbrook Lifting Consultants Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: P Dunn
G T Gilligan





REGISTERED OFFICE: Cornerbrook
Ewood Bridge
Rossendale
Lancashire
BB4 6JY





REGISTERED NUMBER: 11042560 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

Cornerbrook Lifting Consultants Limited (Registered number: 11042560)

Abridged Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 138,306 22,264

CURRENT ASSETS
Debtors 124,893 107,786
Cash at bank and in hand 50,192 83,008
175,085 190,794
CREDITORS
Amounts falling due within one year 141,769 109,926
NET CURRENT ASSETS 33,316 80,868
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,622

103,132

CREDITORS
Amounts falling due after more than one
year

(102,884

)

(15,500

)

PROVISIONS FOR LIABILITIES (27,246 ) (4,230 )
NET ASSETS 41,492 83,402

CAPITAL AND RESERVES
Called up share capital 7 50 50
Retained earnings 41,442 83,352
SHAREHOLDERS' FUNDS 41,492 83,402

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

Cornerbrook Lifting Consultants Limited (Registered number: 11042560)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 August 2024 and were signed on its behalf by:




P Dunn - Director



G T Gilligan - Director


Cornerbrook Lifting Consultants Limited (Registered number: 11042560)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Cornerbrook Lifting Consultants 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company provides training services to both businesses and consumers. Revenue is recognised in the accounting period in which the first day of the course has taken place, as there is no right to refund after that date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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.


Cornerbrook Lifting Consultants Limited (Registered number: 11042560)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 41,890
Additions 155,401
At 31 March 2024 197,291
DEPRECIATION
At 1 April 2023 19,626
Charge for year 39,359
At 31 March 2024 58,985
NET BOOK VALUE
At 31 March 2024 138,306
At 31 March 2023 22,264

Cornerbrook Lifting Consultants Limited (Registered number: 11042560)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 149,990
At 31 March 2024 149,990
DEPRECIATION
Charge for year 33,798
At 31 March 2024 33,798
NET BOOK VALUE
At 31 March 2024 116,192

5. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31/3/24 31/3/23
£    £   
Net obligations repayable:
Within one year 34,737 -
Between one and five years 93,384 -
128,121 -

6. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Hire purchase contracts 128,121 -

Hire purchase liabilities are secured on the associated assets.

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
50 Share capital 1 £1 50 50