CUNNINGHAM CORPORATION LIMITED

Company Registration Number:
08904914 (England and Wales)

Unaudited statutory accounts for the year ended 27 February 2024

Period of accounts

Start date: 28 February 2023

End date: 27 February 2024

CUNNINGHAM CORPORATION LIMITED

Contents of the Financial Statements

for the Period Ended 27 February 2024

Balance sheet
Additional notes
Balance sheet notes

CUNNINGHAM CORPORATION LIMITED

Balance sheet

As at 27 February 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,826 2,434
Total fixed assets: 1,826 2,434
Current assets
Stocks: 4 12,300 56,001
Debtors: 5 31,155
Cash at bank and in hand: 115,027 66,337
Total current assets: 158,482 122,338
Creditors: amounts falling due within one year: 6 ( 64,525 ) ( 57,741 )
Net current assets (liabilities): 93,957 64,597
Total assets less current liabilities: 95,783 67,031
Creditors: amounts falling due after more than one year: 7 ( 12,811 ) ( 27,500 )
Provision for liabilities: ( 457 ) ( 462 )
Total net assets (liabilities): 82,515 39,069
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 82,514 39,068
Total Shareholders' funds: 82,515 39,069

The notes form part of these financial statements

CUNNINGHAM CORPORATION LIMITED

Balance sheet statements

For the year ending 27 February 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 25 November 2024
and signed on behalf of the board by:

Name: Mr R. Cunningham
Status: Director

The notes form part of these financial statements

CUNNINGHAM CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 27 February 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

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Office equipment 20% Straight line

    Intangible fixed assets amortisation policy

    Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows: Development costs Over 5 years

CUNNINGHAM CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 27 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

CUNNINGHAM CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 27 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 28 February 2023 3,042 3,042
Additions
Disposals
Revaluations
Transfers
At 27 February 2024 3,042 3,042
Depreciation
At 28 February 2023 608 608
Charge for year 608 608
On disposals
Other adjustments
At 27 February 2024 1,216 1,216
Net book value
At 27 February 2024 1,826 1,826
At 27 February 2023 2,434 2,434

CUNNINGHAM CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 27 February 2024

4. Stocks

2024 2023
£ £
Stocks 12,300 56,001
Total 12,300 56,001

CUNNINGHAM CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 27 February 2024

5. Debtors

2024 2023
£ £
Prepayments and accrued income 385
Other debtors 30,770
Total 31,155

CUNNINGHAM CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 27 February 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 13,125 17,897
Taxation and social security 40,315 23,026
Accruals and deferred income 1,085 750
Other creditors 6,068
Total 64,525 57,741

CUNNINGHAM CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 27 February 2024

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

2024 2023
£ £
Bank loans and overdrafts 12,811 27,500
Total 12,811 27,500

CUNNINGHAM CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 27 February 2024

8. Loans to directors

Name of director receiving advance or credit: Mr R. Cunningham
Description of the transaction:
Repayable on demand; interest charged at the official rate
£
Balance at 27 February 2023
Advances or credits made: 68,769
Advances or credits repaid: 38,000
Balance at 27 February 2024 30,769