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
CORALGRAPH INC LIMITED
Company Information
for the year ended 31 January 2024
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
CORALGRAPH INC LIMITED
Statement of financial position
as at 31 January 2024
Tangible assets
79,504
70,324
Cash at bank and in hand
15,046
(344)
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
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
CORALGRAPH INC LIMITED
Notes to the Accounts
for the year ended 31 January 2024
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.
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:
Land & buildings
4% Straight Line
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
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
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
At 31 January 2024
58,895
1,598
19,011
79,504
At 31 January 2023
61,457
6,118
2,749
70,324
CORALGRAPH INC LIMITED
Notes to the Accounts
for the year ended 31 January 2024
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
Taxes and social security
11,539
-
Loans from directors
105
145
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).