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Company Registration No. 07908090 (England and Wales)
CORALGRAPH INC LIMITED Unaudited accounts for the year ended 31 January 2024
CORALGRAPH INC LIMITED Unaudited accounts Contents
Page
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CORALGRAPH INC LIMITED Company Information for the year ended 31 January 2024
Director
Gabor Csepeli
Company Number
07908090 (England and Wales)
Registered Office
6 THE SQUARE MARTLESHAM HEATH IPSWICH IP5 3SL ENGLAND
Accountants
ST Accountancy Services Ltd 6 The Square Martlesham Heath Suffolk IP5 3SL
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CORALGRAPH INC LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
79,504 
70,324 
Current assets
Inventories
13,575 
13,575 
Debtors
127,171 
127,171 
Cash at bank and in hand
15,046 
(344)
155,792 
140,402 
Creditors: amounts falling due within one year
(47,268)
(58,684)
Net current assets
108,524 
81,718 
Total assets less current liabilities
188,028 
152,042 
Creditors: amounts falling due after more than one year
(30,808)
- 
Net assets
157,220 
152,042 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
157,219 
152,041 
Shareholders' funds
157,220 
152,042 
For the year ending 31 January 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 director acknowledges his 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 12 September 2024 and were signed on its behalf by
Gabor Csepeli Director Company Registration No. 07908090
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CORALGRAPH INC LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
CORALGRAPH INC LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07908090. The registered office is 6 THE SQUARE, MARTLESHAM HEATH, IPSWICH, IP5 3SL, ENGLAND.
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.
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:
Land & buildings
4% Straight Line
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
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.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
64,017 
34,948 
3,665 
102,630 
Additions
- 
- 
16,949 
16,949 
Disposals
- 
(27,092)
- 
(27,092)
At 31 January 2024
64,017 
7,856 
20,614 
92,487 
Depreciation
At 1 February 2023
2,560 
28,830 
916 
32,306 
Charge for the year
2,562 
904 
687 
4,153 
On disposals
- 
(23,476)
- 
(23,476)
At 31 January 2024
5,122 
6,258 
1,603 
12,983 
Net book value
At 31 January 2024
58,895 
1,598 
19,011 
79,504 
At 31 January 2023
61,457 
6,118 
2,749 
70,324 
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CORALGRAPH INC LIMITED Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
127,171 
127,171 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,145 
36,784 
VAT
31,479 
15,605 
Trade creditors
- 
3,917 
Taxes and social security
11,539 
- 
Other creditors
- 
2,233 
Loans from directors
105 
145 
47,268 
58,684 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
30,808 
- 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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