17 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 169,850 149,850 20,000 20,000 169,850 xbrli:pure xbrli:shares iso4217:GBP 05592402 2023-01-01 2023-12-31 05592402 2023-12-31 05592402 2022-12-31 05592402 2022-01-01 2022-12-31 05592402 2022-12-31 05592402 2021-12-31 05592402 core:FurnitureFittings 2023-01-01 2023-12-31 05592402 bus:Director1 2023-01-01 2023-12-31 05592402 bus:Director3 2023-01-01 2023-12-31 05592402 core:LandBuildings 2022-12-31 05592402 core:FurnitureFittings 2022-12-31 05592402 core:LandBuildings 2023-12-31 05592402 core:FurnitureFittings 2023-12-31 05592402 core:LandBuildings 2023-01-01 2023-12-31 05592402 core:WithinOneYear 2023-12-31 05592402 core:WithinOneYear 2022-12-31 05592402 core:ShareCapital 2023-12-31 05592402 core:ShareCapital 2022-12-31 05592402 core:CapitalRedemptionReserve 2023-12-31 05592402 core:CapitalRedemptionReserve 2022-12-31 05592402 core:RetainedEarningsAccumulatedLosses 2023-12-31 05592402 core:RetainedEarningsAccumulatedLosses 2022-12-31 05592402 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 05592402 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2023-12-31 05592402 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 05592402 core:Non-currentFinancialInstruments 2023-12-31 05592402 core:Non-currentFinancialInstruments 2022-12-31 05592402 core:LandBuildings 2022-12-31 05592402 core:FurnitureFittings 2022-12-31 05592402 bus:Director1 2022-12-31 05592402 bus:Director1 2023-12-31 05592402 bus:Director3 2023-12-31 05592402 bus:Director1 2021-12-31 05592402 bus:Director1 2022-12-31 05592402 bus:Director1 2022-01-01 2022-12-31 05592402 bus:SmallEntities 2023-01-01 2023-12-31 05592402 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05592402 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05592402 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05592402 bus:FullAccounts 2023-01-01 2023-12-31 05592402 core:LandBuildings core:ShortLeaseholdAssets 2023-01-01 2023-12-31 05592402 core:OfficeEquipment 2023-01-01 2023-12-31 05592402 core:OfficeEquipment 2022-12-31 05592402 core:OfficeEquipment 2023-12-31
COMPANY REGISTRATION NUMBER: 05592402
Corylus Planning & Environmental Ltd
Filleted Unaudited Financial Statements
31 December 2023
Corylus Planning & Environmental Ltd
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
43,791
18,947
Investments
6
20,000
169,850
--------
---------
63,791
188,797
Current assets
Stocks
58,318
99,797
Debtors
7
287,134
297,869
Cash at bank and in hand
500,836
407,730
---------
---------
846,288
805,396
Creditors: amounts falling due within one year
8
117,024
166,953
---------
---------
Net current assets
729,264
638,443
---------
---------
Total assets less current liabilities
793,055
827,240
Provisions
Taxation including deferred tax
4,063
4,737
---------
---------
Net assets
788,992
822,503
---------
---------
Capital and reserves
Called up share capital
120
120
Capital redemption reserve
( 24,880)
( 24,880)
Profit and loss account
813,752
847,263
---------
---------
Shareholders funds
788,992
822,503
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Corylus Planning & Environmental Ltd
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 30 August 2024 , and are signed on behalf of the board by:
Mr P R Duncan
Director
Company registration number: 05592402
Corylus Planning & Environmental Ltd
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Oakley House, Tetbury Road, Cirencester, Gloucestershire, GL7 1US.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Improvements to property
-
2% straight line and 10% straight line
Furniture & fixtures
-
20% reducing balance
Equipment
-
25% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 17 (2022: 15 ).
5. Tangible assets
Improvements to leasehold
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 January 2023
2,850
4,801
51,439
59,090
Additions
30,066
739
1,708
32,513
--------
-------
--------
--------
At 31 December 2023
32,916
5,540
53,147
91,603
--------
-------
--------
--------
Depreciation
At 1 January 2023
858
4,498
34,787
40,143
Charge for the year
3,040
183
4,446
7,669
--------
-------
--------
--------
At 31 December 2023
3,898
4,681
39,233
47,812
--------
-------
--------
--------
Carrying amount
At 31 December 2023
29,018
859
13,914
43,791
--------
-------
--------
--------
At 31 December 2022
1,992
303
16,652
18,947
--------
-------
--------
--------
6. Investments
Other investments other than loans
£
Cost
At 1 January 2023
169,850
Disposals
( 149,850)
---------
At 31 December 2023
20,000
---------
Impairment
At 1 January 2023 and 31 December 2023
---------
Carrying amount
At 31 December 2023
20,000
---------
At 31 December 2022
169,850
---------
7. Debtors
2023
2022
£
£
Trade debtors
134,448
207,214
Other debtors
152,686
90,655
---------
---------
287,134
297,869
---------
---------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
20,789
42,211
Corporation tax
7,421
16,511
Social security and other taxes
77,079
92,104
Other creditors
11,735
16,127
---------
---------
117,024
166,953
---------
---------
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr P R Duncan
286
38,696
( 25,538)
13,444
Mrs S Y Duncan
12,366
12,366
----
--------
--------
--------
286
51,062
( 25,538)
25,810
----
--------
--------
--------
2022
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr P R Duncan
7,968
( 7,682)
286
Mrs S Y Duncan
-------
-------
----
----
7,968
( 7,682)
286
-------
-------
----
----