NORMAN CORNISH LIMITED

Company Registration Number:
09269554 (England and Wales)

Unaudited statutory accounts for the year ended 05 April 2024

Period of accounts

Start date: 06 April 2023

End date: 05 April 2024

NORMAN CORNISH LIMITED

Contents of the Financial Statements

for the Period Ended 05 April 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

NORMAN CORNISH LIMITED

Company Information

for the Period Ended 05 April 2024




Director: John Cornish
Dorothy Cornish
Mike Thornton
Ann Thornton
Registered office: Portland House
Belmont Business Park
Belmont
Durham
Co Durham
DH1 1TW
Company Registration Number: 09269554 (England and Wales)

NORMAN CORNISH LIMITED

Directors' Report Period Ended 05 April 2024

The directors present their report with the financial statements of the company for the period ended 05 April 2024

Principal Activities

The principal activity of the Company during the year was the promotion and development of the Norman Cornish Legacy, including sales via independant retailers and exhibitions.

Directors

The directors shown below have held office during the whole of the period from 06 April 2023 to 05 April 2024
John Cornish
Dorothy Cornish
Mike Thornton
Ann Thornton

This report was approved by the board of directors on 28 October 2024
And Signed On Behalf Of The Board By:

Name: John Cornish
Status: Director

NORMAN CORNISH LIMITED

Profit and Loss Account

for the Period Ended 05 April 2024


Notes

2024
£

2023
£
Turnover 32,911 67,310
Cost of sales ( 11,182 ) ( 30,441 )
Gross Profit or (Loss) 21,729 36,869
Income from coronavirus (COVID-19) business support grants 0 -
Administrative Expenses ( 15,916 ) ( 16,789 )
Operating Profit or (Loss) 5,813 20,080
Profit or (Loss) Before Tax 5,813 20,080
Tax on Profit ( 1,104 ) ( 3,814 )
Profit or (Loss) for Period 4,709 16,266

The notes form part of these financial statements

NORMAN CORNISH LIMITED

Balance sheet

As at 05 April 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 25,569 25,920
Total fixed assets: 25,569 25,920
Current assets
Stocks: 788,233 786,932
Debtors: 5 4,366 943
Cash at bank and in hand: 6,598 20,128
Total current assets: 799,197 808,003
Creditors: amounts falling due within one year: 6 ( 28,962 ) ( 33,328 )
Net current assets (liabilities): 770,235 774,675
Total assets less current liabilities: 795,804 800,595
Creditors: amounts falling due after more than one year: 7 ( 556,729 ) ( 558,230 )
Total net assets (liabilities): 239,075 242,365

The notes form part of these financial statements

NORMAN CORNISH LIMITED

Balance sheet continued

As at 05 April 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 400 400
Profit and loss account: 238,675 241,965
Shareholders funds: 239,075 242,365

For the year ending 5 April 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 28 October 2024
And Signed On Behalf Of The Board By:

Name: John Cornish
Status: Director

The notes form part of these financial statements

NORMAN CORNISH LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

NORMAN CORNISH LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

NORMAN CORNISH LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2024

  • 3. Off balance sheet disclosure

    No

NORMAN CORNISH LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2024

4. Tangible assets

Fixtures & fittings Office equipment Total
Cost £ £ £
At 06 April 2023 25,499 6,513 32,012
Additions - - -
Disposals - - -
Revaluations - - -
Transfers - - -
At 05 April 2024 25,499 6,513 32,012
Depreciation
At 06 April 2023 132 5,960 6,092
Charge for year 25 326 351
On disposals - - -
Other adjustments - - -
At 05 April 2024 157 6,286 6,443
Net book value
At 05 April 2024 25,342 227 25,569
At 05 April 2023 25,367 553 25,920

NORMAN CORNISH LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2024

5. Debtors


2024
£

2023
£
Trade debtors 4,366 943
Total 4,366 943

NORMAN CORNISH LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 2,000 4,248
Taxation and social security 858 266
Accruals and deferred income 1,104 3,814
Other creditors 25,000 25,000
Total 28,962 33,328

NORMAN CORNISH LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Other creditors 556,729 558,230
Total 556,729 558,230