0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2024 - FRS102_2024 7,884 2,629 2,628 5,257 2,627 5,255 244 244 xbrli:pure xbrli:shares iso4217:GBP 08505898 2023-05-01 2024-04-30 08505898 2024-04-30 08505898 2023-04-30 08505898 2022-05-01 2023-04-30 08505898 2023-04-30 08505898 2022-04-30 08505898 core:PlantMachinery 2023-05-01 2024-04-30 08505898 bus:Director1 2023-05-01 2024-04-30 08505898 core:PlantMachinery 2024-04-30 08505898 core:WithinOneYear 2024-04-30 08505898 core:WithinOneYear 2023-04-30 08505898 core:ShareCapital 2024-04-30 08505898 core:ShareCapital 2023-04-30 08505898 core:RetainedEarningsAccumulatedLosses 2024-04-30 08505898 core:RetainedEarningsAccumulatedLosses 2023-04-30 08505898 bus:SmallEntities 2023-05-01 2024-04-30 08505898 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 08505898 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08505898 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08505898 bus:FullAccounts 2023-05-01 2024-04-30 08505898 core:ComputerSoftware 2023-05-01 2024-04-30 08505898 core:ComputerSoftware 2024-04-30 08505898 core:ComputerSoftware 2023-04-30
COMPANY REGISTRATION NUMBER: 08505898
Corrie Nielsen Designs Limited
Filleted Unaudited Financial Statements
30 April 2024
Corrie Nielsen Designs Limited
Financial Statements
Year ended 30 April 2024
Contents
Page
Balance sheet
1
Notes to the financial statements
2
Corrie Nielsen Designs Limited
Balance Sheet
30 April 2024
2024
2023
Note
£
£
£
£
Fixed assets
Intangible assets
4
2,627
5,255
Current assets
Cash at bank and in hand
224
1,345
Creditors: amounts falling due within one year
6
9,389
10,575
-------
--------
Net current liabilities
9,165
9,230
-------
-------
Total assets less current liabilities
( 6,538)
( 3,975)
-------
-------
Net liabilities
( 6,538)
( 3,975)
-------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 6,638)
( 4,075)
-------
-------
Shareholders deficit
( 6,538)
( 3,975)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 20 January 2025 , and are signed on behalf of the board by:
Ms C E Nielsen
Director
Company registration number: 08505898
Corrie Nielsen Designs Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.
Going concern
The company is considered to be a going concern by virtue of expected future sales, and continued financial support by the director.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Website Costs
-
33% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% straight line
4. Intangible assets
Website costs
£
Cost
At 1 May 2023 and 30 April 2024
7,884
-------
Amortisation
At 1 May 2023
2,629
Charge for the year
2,628
-------
At 30 April 2024
5,257
-------
Carrying amount
At 30 April 2024
2,627
-------
At 30 April 2023
5,255
-------
5. Tangible assets
Plant and machinery
£
Cost
At 1 May 2023 and 30 April 2024
244
----
Depreciation
At 1 May 2023 and 30 April 2024
244
----
Carrying amount
At 30 April 2024
----
At 30 April 2023
----
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
5,934
6,933
Other creditors
3,455
3,642
-------
--------
9,389
10,575
-------
--------
7. Director's advances, credits and guarantees
The company benefitted from a loan from the director during the year. At the start of the year the company owed the director £2,982 and at the end of the year the company owed the director £2,765. This loan is interest free and repayable on demand.