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REGISTERED NUMBER: 06396364 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 APRIL 2024

FOR

COREBRAND DESIGN LTD

COREBRAND DESIGN LTD (REGISTERED NUMBER: 06396364)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 29 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COREBRAND DESIGN LTD

COMPANY INFORMATION
For The Year Ended 29 April 2024







DIRECTOR: Mr M H Prescott





SECRETARY: Mrs D Prescott





REGISTERED OFFICE: Equinox House
Clifton Park Avenue
York
YO30 5PA





REGISTERED NUMBER: 06396364 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

COREBRAND DESIGN LTD (REGISTERED NUMBER: 06396364)

BALANCE SHEET
29 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 71,555 71,692
Investments 5 91,675 91,675
163,230 163,367

CURRENT ASSETS
Stocks 38,240 76,724
Debtors 6 381,415 250,032
Cash at bank 466,286 337,888
885,941 664,644
CREDITORS
Amounts falling due within one year 7 193,899 114,669
NET CURRENT ASSETS 692,042 549,975
TOTAL ASSETS LESS CURRENT LIABILITIES 855,272 713,342

CREDITORS
Amounts falling due after more than
one year

8

-

(33,624

)

PROVISIONS FOR LIABILITIES (6,781 ) (14,274 )
NET ASSETS 848,491 665,444

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 847,491 664,444
848,491 665,444

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

COREBRAND DESIGN LTD (REGISTERED NUMBER: 06396364)

BALANCE SHEET - continued
29 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 January 2025 and were signed by:





Mr M H Prescott - Director


COREBRAND DESIGN LTD (REGISTERED NUMBER: 06396364)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 29 April 2024


1. STATUTORY INFORMATION

Corebrand Design Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

COREBRAND DESIGN LTD (REGISTERED NUMBER: 06396364)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 April 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown with borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 30 April 2023 41,105 10,120 65,716 39,008 155,949
Additions - 2,117 50,000 3,698 55,815
Disposals (41,105 ) - (65,716 ) - (106,821 )
At 29 April 2024 - 12,237 50,000 42,706 104,943
DEPRECIATION
At 30 April 2023 41,105 5,056 23,658 14,438 84,257
Charge for year - 1,219 7,500 5,175 13,894
Eliminated on disposal (41,105 ) - (23,658 ) - (64,763 )
At 29 April 2024 - 6,275 7,500 19,613 33,388
NET BOOK VALUE
At 29 April 2024 - 5,962 42,500 23,093 71,555
At 29 April 2023 - 5,064 42,058 24,570 71,692

COREBRAND DESIGN LTD (REGISTERED NUMBER: 06396364)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 April 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 30 April 2023
and 29 April 2024 91,675
NET BOOK VALUE
At 29 April 2024 91,675
At 29 April 2023 91,675

Cost or valuation at 29 April 2024 is represented by:

Other
investments
£   
Valuation in 2022 89,000
Valuation in 2023 2,675
91,675

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 179,749 246,458
Other debtors 201,666 3,574
381,415 250,032

Included within other debtors is an overdrawn director's loan account balance of £197,600 on which interest has been charged at a rate of 2.25%. This balance is expected to be repaid within 9 months of the year end.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 2,338
Trade creditors 12,131 8,230
Taxation 166,059 89,103
Other creditors 15,709 14,998
193,899 114,669

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 33,624