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REGISTERED NUMBER: 10756237 (England and Wales)















UNAUDITED CESSATION FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

CORSWAY REFRIGERATION SERVICES LTD

CORSWAY REFRIGERATION SERVICES LTD (REGISTERED NUMBER: 10756237)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CORSWAY REFRIGERATION SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: L Corbett
Mrs LR Swales





REGISTERED OFFICE: 2 Upperton Gardens
Eastbourne
East Sussex
BN21 2AH





REGISTERED NUMBER: 10756237 (England and Wales)





ACCOUNTANTS: Xeinadin
2 Upperton Gardens
Eastbourne
East Sussex
BN21 2AH

CORSWAY REFRIGERATION SERVICES LTD (REGISTERED NUMBER: 10756237)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,104 4,162

CURRENT ASSETS
Debtors 5 2,939 507
Cash at bank 1,556 5,891
4,495 6,398
CREDITORS
Amounts falling due within one year 6 1,616 1,008
NET CURRENT ASSETS 2,879 5,390
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,983

9,552

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,883 9,452
5,983 9,552

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2025 and were signed on its behalf by:





L Corbett - Director


CORSWAY REFRIGERATION SERVICES LTD (REGISTERED NUMBER: 10756237)

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

1. STATUTORY INFORMATION

Corsway Refrigeration Services 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.

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.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 has not been recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. The directors do not believe that this is necessary and accept this accounting treatment does not comply with Financial Reporting Standard 102.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 18,056
DEPRECIATION
At 1 June 2023 13,894
Charge for year 1,058
At 31 May 2024 14,952
NET BOOK VALUE
At 31 May 2024 3,104
At 31 May 2023 4,162

CORSWAY REFRIGERATION SERVICES LTD (REGISTERED NUMBER: 10756237)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,939 507

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,084 -
Trade creditors 52 407
Other creditors 480 601
1,616 1,008

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £833 were paid to the directors .

8. ULTIMATE CONTROLLING PARTY

The controlling party is L Corbett.