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REGISTERED NUMBER: 07135640 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CORRIE AND CO LTD

CORRIE AND CO LTD (REGISTERED NUMBER: 07135640)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CORRIE AND CO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr D M Corrie
Mr A J Gibb
Mrs M J Corrie
Mr M S Corrie
S J McCoy
Mr F D Corrie



REGISTERED OFFICE: Cavendish House
Kirkby-In-Furness
Cumbria
LA17 7UN



REGISTERED NUMBER: 07135640 (England and Wales)



BANKERS: Handelsbanken
3 Thomas More Square
London
E1W 1WY

CORRIE AND CO LTD (REGISTERED NUMBER: 07135640)

ABRIDGED BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,350 15,950
Tangible assets 5 58,724 75,968
68,074 91,918

CURRENT ASSETS
Debtors 344,938 150,506
Cash at bank and in hand 321,724 468,065
666,662 618,571
CREDITORS
Amounts falling due within one year 123,871 162,280
NET CURRENT ASSETS 542,791 456,291
TOTAL ASSETS LESS CURRENT
LIABILITIES

610,865

548,209

PROVISIONS FOR LIABILITIES 3,800 3,800
NET ASSETS 607,065 544,409

CAPITAL AND RESERVES
Called up share capital 6 502 502
Share premium 239,998 239,998
Retained earnings 366,565 303,909
SHAREHOLDERS' FUNDS 607,065 544,409

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CORRIE AND CO LTD (REGISTERED NUMBER: 07135640)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 20 December 2024 and were signed on its behalf by:




Mr D M Corrie - Director Mr F D Corrie - Director




Mr M S Corrie - Director Mrs M J Corrie - Director


CORRIE AND CO LTD (REGISTERED NUMBER: 07135640)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Corrie and Co 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net invoiced sales of services as adjusted for accrued income, excluding VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost and 5% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 18 ) .

CORRIE AND CO LTD (REGISTERED NUMBER: 07135640)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 66,000
AMORTISATION
At 1 April 2023 50,050
Amortisation for year 6,600
At 31 March 2024 56,650
NET BOOK VALUE

At 31 March 2024 9,350
At 31 March 2023 15,950

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 146,340
Additions 1,832
At 31 March 2024 148,172
DEPRECIATION
At 1 April 2023 70,372
Charge for year 19,076
At 31 March 2024 89,448
NET BOOK VALUE
At 31 March 2024 58,724
At 31 March 2023 75,968

CORRIE AND CO LTD (REGISTERED NUMBER: 07135640)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Totals
£   
COST
At 1 April 2023
and 31 March 2024 81,590
DEPRECIATION
At 1 April 2023 36,764
Charge for year 6,512
At 31 March 2024 43,276
NET BOOK VALUE
At 31 March 2024 38,314
At 31 March 2023 44,826

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
251 A Ordinary £1 251 251
251 B Ordinary £1 251 251
502 502

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr D M Corrie
Balance outstanding at start of year 65,432 2,129
Amounts advanced 194,367 65,432
Amounts repaid (65,432 ) (2,129 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 194,367 65,432

During the financial year the director, Mr DM Corrie, was charged £2,890 (2023 : £669) interest on the loan which is unsecured and repayable on demand.

8. RELATED PARTY DISCLOSURES

At 31st March 2024 the company has loaned £78,000 (2023:£6,000) to Officelife Developments Limited, a company which is a key shareholder and is owned and controlled by Mr DM Corrie.

CORRIE AND CO LTD (REGISTERED NUMBER: 07135640)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr DM Corrie and OfficelifeDevelopments Limited.