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Registered number: 09327882
Corrivo Holdings Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 April 2024
Maple Accountancy Ltd
Carter House
Wyvern Business Park, Stanier Way
Derby
Derbyshire
DE21 6BF
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 09327882
30 April 2024 30 April 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,824,701 2,733,112
2,824,701 2,733,112
CURRENT ASSETS
Debtors 180,584 107,566
Cash at bank and in hand 99,175 22,627
279,759 130,193
Creditors: Amounts Falling Due Within One Year (1,625,391 ) (1,412,896 )
NET CURRENT ASSETS (LIABILITIES) (1,345,632 ) (1,282,703 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,479,069 1,450,409
Creditors: Amounts Falling Due After More Than One Year (1,301,767 ) (1,292,283 )
NET ASSETS 177,302 158,126
CAPITAL AND RESERVES
Called up share capital 6 300 300
Profit and Loss Account 177,002 157,826
SHAREHOLDERS' FUNDS 177,302 158,126
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Page 2
For the year ending 30 April 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 April 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
P Foster
Director
14/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Corrivo Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09327882 . The registered office is Carter House, G2 Wyvern Court, Stanier Way, Derby, DE21 6BF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0% on cost
Plant & Machinery 10% on reducing balance
Motor Vehicles 15% on reducing balance
Fixtures & Fittings 10% on reducing balance
Computer Equipment 10% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
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4. Tangible Assets
Total
£
Cost
As at 1 May 2023 3,073,214
Additions 245,124
Disposals (81,633 )
As at 30 April 2024 3,236,705
Depreciation
As at 1 May 2023 340,102
Provided during the period 105,740
Disposals (33,838 )
As at 30 April 2024 412,004
Net Book Value
As at 30 April 2024 2,824,701
As at 1 May 2023 2,733,112
5. Obligations Under Finance Leases and Hire Purchase
30 April 2024 30 April 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 82,307 97,925
Later than one year and not later than five years 248,303 198,970
330,610 296,895
330,610 296,895
6. Share Capital
30 April 2024 30 April 2023
£ £
Allotted, Called up and fully paid 300 300
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