CORGI Services Limited 03268198 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is to act as a brand and data licensing business Digita Accounts Production Advanced 6.30.9574.0 true true 03268198 2023-04-01 2024-03-31 03268198 2024-03-31 03268198 core:RetainedEarningsAccumulatedLosses 2024-03-31 03268198 core:ShareCapital 2024-03-31 03268198 core:CurrentFinancialInstruments 2024-03-31 03268198 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 03268198 core:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 03268198 bus:SmallEntities 2023-04-01 2024-03-31 03268198 bus:Audited 2023-04-01 2024-03-31 03268198 bus:FilletedAccounts 2023-04-01 2024-03-31 03268198 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03268198 bus:RegisteredOffice 2023-04-01 2024-03-31 03268198 bus:Director2 2023-04-01 2024-03-31 03268198 bus:Director8 2023-04-01 2024-03-31 03268198 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03268198 1 2023-04-01 2024-03-31 03268198 countries:England 2023-04-01 2024-03-31 03268198 2023-03-31 03268198 core:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 03268198 2022-04-01 2023-03-31 03268198 2023-03-31 03268198 core:RetainedEarningsAccumulatedLosses 2023-03-31 03268198 core:ShareCapital 2023-03-31 03268198 core:CurrentFinancialInstruments 2023-03-31 03268198 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 03268198 core:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 03268198

CORGI Services Limited

Filleted Financial Statements

for the Year Ended 31 March 2024

 

CORGI Services Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 5

 

CORGI Services Limited

(Registration number: 03268198)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

18

18

Current assets

 

Debtors

5

207,842

171,793

Cash at bank and in hand

 

579,480

617,213

 

787,322

789,006

Creditors: Amounts falling due within one year

6

(401,800)

(403,484)

Net current assets

 

385,522

385,522

Net assets

 

385,540

385,540

Capital and reserves

 

Called up share capital

2

2

Retained earnings

385,538

385,538

Shareholders' funds

 

385,540

385,540

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 September 2024 and signed on its behalf by:
 

.........................................
R J Webb
Director

.........................................
P F Everall
Director

 

CORGI Services Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Suite 2 Healey House
Dene Road
Andover
Hampshire
SP10 2AA

These financial statements were authorised for issue by the Board on 13 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 19 September 2024 was Andrew Hill, who signed for and on behalf of Xeinadin Audit Limited.

Revenue recognition

Income represents amounts chargeable, net of value added tax.

Intangible assets

The company policy is to write off all legal and renewal costs for its trademarks in the period that they are incurred, the company has a total of 18 trademarks in place that are held at notional value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

CORGI Services Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments


Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

 

CORGI Services Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 April 2023

18

18

At 31 March 2024

18

18

Amortisation

Carrying amount

At 31 March 2024

18

18

At 31 March 2023

18

18

5

Debtors

Current

2024
£

2023
£

Trade debtors

11,245

1,490

Prepayments

196,597

170,303

 

207,842

171,793

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

11,535

7,161

Amounts owed to group undertakings and undertakings in which the company has a participating interest

360,116

359,764

Taxation and social security

 

26,501

33,305

Accruals and deferred income

 

3,262

3,048

Other creditors

 

386

206

 

401,800

403,484

 

CORGI Services Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

7

Parent and ultimate parent undertaking

The company's immediate parent is The CO Research Trust, incorporated in England.

  These financial statements are available upon request from Suite 2 Healey House, Dene Road, Andover, Hampshire, SP10 2AA.

Consolidated accounts can be obtained from the above address.