Company Registration No. 11816863 (England and Wales)
Corlona Ltd
Unaudited accounts
for the year ended 29 February 2024
Corlona Ltd
Unaudited accounts
Contents
Corlona Ltd
Company Information
for the year ended 29 February 2024
Directors
Kevin Geheran
Caroline Geheran
Company Number
11816863 (England and Wales)
Registered Office
59 Dorchester Avenue
Harrow
Middlesex
HA2 7AX
United Kingdom
Accountants
Evolve Accounting and Tax Solutions Ltd
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
Corlona Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
1,737
2,867
Cash at bank and in hand
30,417
27,992
Creditors: amounts falling due within one year
(71,895)
(88,541)
Net current (liabilities)/assets
(1,439)
23,347
Total assets less current liabilities
298
26,214
Creditors: amounts falling due after more than one year
-
(25,833)
Called up share capital
100
100
Profit and loss account
198
281
Shareholders' funds
298
381
For the year ending 29 February 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by
Kevin Geheran
Director
Company Registration No. 11816863
Corlona Ltd
Notes to the Accounts
for the year ended 29 February 2024
Corlona Ltd is a private company, limited by shares, registered in England and Wales, registration number 11816863. The registered office is 59 Dorchester Avenue, Harrow, Middlesex, HA2 7AX, United Kingdom.
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.
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:
Motor vehicles
20% Reducing balance
Computer equipment
25% Reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
966
3,500
1,906
6,372
Disposals
-
(3,500)
-
(3,500)
At 29 February 2024
966
-
2,447
3,413
At 1 March 2023
387
2,408
710
3,505
Charge for the year
145
(2,408)
434
(1,829)
At 29 February 2024
532
-
1,144
1,676
At 29 February 2024
434
-
1,303
1,737
At 28 February 2023
579
1,092
1,196
2,867
Corlona Ltd
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
(10,000)
(10,000)
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
26,667
10,000
Trade creditors
8,870
61,764
Taxes and social security
7,212
12,577
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).