2023-06-01 2024-05-31 06824806 CORNWALL CULLET LIMITED false 06824806 2023-06-01 2024-05-31 06824806 uk-bus:Director1 2023-06-01 2024-05-31 06824806 uk-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06824806 uk-bus:SmallEntities 2023-06-01 2024-05-31 06824806 uk-bus:FullAccounts 2023-06-01 2024-05-31 06824806 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06824806 2023-06-01 06824806 2024-05-31 06824806 2023-05-31 xbrli:pure iso4217:GBP 06824806 2022-06-01 2023-05-31
Company Registration Number : 06824806 (England and Wales)
06824806
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-05-31
false
CORNWALL CULLET LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-06-01
CORNWALL CULLET LIMITED
Unaudited filleted financial statements
For the year ended 31 May 2024
CORNWALL CULLET LIMITED
Contents
For the year ended 31 May 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


CORNWALL CULLET LIMITED
Company Information
For the year ended 31 May 2024

Company registration number 06824806 (England and Wales)
Director Jonathan Lee
Registered office address The Glass Works United Downs Industrial Park
St. Day
Redruth
Cornwall
TR16 5HY
Accountant DNS Associates
Chartered Accountants
382 Kenton Road
Harrow, Middlesex
United Kingdom
HA3 8DP
CORNWALL CULLET LIMITED
Statement of Financial Position
For the year ended 31 May 2024

2024 2023
Notes £ £
Fixed assets
Intangible assets 44,750 53,700
Property, plant and equipment 635,059 684,781
Investment Property 220,633 220,633
5 900,441 959,114
Current assets
Debtors 7,065 2,813
Corporation tax receivable - 1,127
Cash and cash equivalents 91,543 13,205
98,608 17,144
Current liabilities
Creditors: Amounts falling due within one year (405,924) (480,407)
Corporation tax payable (33,169) -
(439,093) (480,407)
Net current (liabilities)/assets (340,485) (463,263)
Total assets less current liabilities 559,956 495,851
Non-current liabilities
Provision for liabilities (156,930) (128,408)
Net assets/(liabilities) 403,026 367,443
Capital and reserves
Called up share capital 1 1
Retained earnings 403,025 367,442
Shareholder's funds 403,026 367,443
For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 May 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 director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 17 February 2025
.............................
Jonathan Lee (Director)
Company registration number: 06824806
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-05-31 31 May 2024
2024 2023
£ £
Fixed Assets 900,441 959,114
Current Assets 95,815 14,331
Prepayments and accrued income 2,793 2,813
Creditors: amounts falling due within one year (439,093) (480,407)
Net current assets (liabilities) (340,485) (463,263)
Total assets less current liabilities 559,956 495,851
Provisions for liabilities (156,930) (128,408)
Net Assets (liabilities) 403,026 367,443
Capital and Reserves 403,026 367,443
For the year ending 31/05/2024 the company was entitled to exemption 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. For the year ending 31-05-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 17 February 2025 2025-02-17 and signed on behalf of the board,
.............................
Jonathan Lee
Director
Company registration number: 06824806
CORNWALL CULLET LIMITED
Notes to the Financial Statements
For the year ended 31 May 2024

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is The Glass Works United Downs Industrial Park, St. Day, Redruth, Cornwall, TR16 5HY.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
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. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Interest income
Interest income is recognised using the effective interest method.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill recognised at acquisition is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis over its useful life, which is estimated to be 20 years. Goodwill amortisation is included within administration expenses.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery5% reducing balance
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles25% reducing balance
Fixtures and Fittings25% reducing balance
Equipment25% reducing balance
Motor Cars
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred Tax
A deferred tax asset or liability is recognised for tax recoverable or payable in future periods in respect of transactions and events recognised in the financial statements of current and previous periods.

Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. Timing differences result from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is recognised on all timing differences at the reporting date apart from certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

(4) Employees
During the year, the average number of employees including director was 6 (2023 : 6).

(5) Fixed assets
Intangible

£
Tangible

£
Investments
Property
£
Totals

£
Cost
As at 01 June 2023179,0001,460,527220,6331,860,160
As at 31 May 2024179,0001,460,527220,6331,860,160
Depreciation/Amortisation
As at 01 June 2023125,300775,746-901,046
For the year8,95049,723-58,673
As at 31 May 2024134,250825,469-959,719
Net book value
As at 31 May 202444,750635,058220,633900,441
As at 31 May 202353,700684,781220,633959,114