2024-02-01 2025-01-31 false No description of principal activity Capium Accounts Production 1.1 04829229 2024-02-01 2025-01-31 04829229 bus:AbridgedAccounts 2024-02-01 2025-01-31 04829229 bus:FRS102 2024-02-01 2025-01-31 04829229 bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 04829229 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 04829229 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 04829229 2024-02-01 2025-01-31 04829229 2025-01-31 04829229 bus:RegisteredOffice 2024-02-01 2025-01-31 04829229 core:WithinOneYear 2025-01-31 04829229 core:AfterOneYear 2025-01-31 04829229 1 2024-02-01 2025-01-31 04829229 bus:Director1 2024-02-01 2025-01-31 04829229 bus:Director1 2025-01-31 04829229 bus:Director1 2023-08-01 2024-01-31 04829229 bus:Director2 2024-02-01 2025-01-31 04829229 bus:Director2 2025-01-31 04829229 bus:Director2 2023-08-01 2024-01-31 04829229 2023-08-01 04829229 bus:CompanySecretary1 2024-02-01 2025-01-31 04829229 bus:LeadAgentIfApplicable 2024-02-01 2025-01-31 04829229 2023-08-01 2024-01-31 04829229 2024-01-31 04829229 core:WithinOneYear 2024-01-31 04829229 core:AfterOneYear 2024-01-31 04829229 bus:EntityAccountantsOrAuditors 2023-08-01 2024-01-31 04829229 core:LandBuildings 2024-02-01 2025-01-31 04829229 core:LandBuildings 2025-01-31 04829229 core:LandBuildings 2024-01-31 04829229 core:PlantMachinery 2024-02-01 2025-01-31 04829229 core:PlantMachinery 2025-01-31 04829229 core:PlantMachinery 2024-01-31 04829229 core:MotorCars 2024-02-01 2025-01-31 04829229 core:MotorCars 2025-01-31 04829229 core:MotorCars 2024-01-31 04829229 core:FurnitureFittings 2024-02-01 2025-01-31 04829229 core:FurnitureFittings 2025-01-31 04829229 core:FurnitureFittings 2024-01-31 04829229 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2025-01-31 04829229 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-01-31 04829229 core:NetGoodwill 2024-02-01 2025-01-31 04829229 core:NetGoodwill 2025-01-31 04829229 core:NetGoodwill 2024-01-31 04829229 core:OtherResidualIntangibleAssets 2024-02-01 2025-01-31 04829229 core:OtherResidualIntangibleAssets 2025-01-31 04829229 core:OtherResidualIntangibleAssets 2024-01-31 04829229 core:CostValuation core:Non-currentFinancialInstruments 2025-01-31 04829229 core:CostValuation core:Non-currentFinancialInstruments 2024-01-31 04829229 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2025-01-31 04829229 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2025-01-31 04829229 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2025-01-31 04829229 core:Non-currentFinancialInstruments 2025-01-31 04829229 core:Non-currentFinancialInstruments 2024-01-31 04829229 core:ShareCapital 2025-01-31 04829229 core:ShareCapital 2024-01-31 04829229 core:RetainedEarningsAccumulatedLosses 2025-01-31 04829229 core:RetainedEarningsAccumulatedLosses 2024-01-31 04829229 dpl:Item1 2024-02-01 04829229 dpl:Item1 2025-01-31 04829229 dpl:Item1 2023-08-01 04829229 dpl:Item1 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 04829229
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 January 2025

for

CORNISH COLLECTION LIMITED

 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Intangible fixed assets 3 2,471    2,644 
Tangible fixed assets 4 247,951    248,829 
250,422    251,473 
Current assets      
Debtors 25,745    28,000 
Cash at bank and in hand 886,238    822,869 
911,983    850,869 
Creditors: amount falling due within one year (540,750)   (519,571)
Net current assets 371,233    331,298 
 
Total assets less current liabilities 621,655    582,771 
Provisions for liabilities (668)   (835)
Net assets 620,987    581,936 
 

Capital and reserves
     
Called up share capital 1,000    1,000 
Profit and loss account 619,987    580,936 
Shareholders' funds 620,987    581,936 
 


For the year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 14 March 2025 and were signed on its behalf by:


-------------------------------
C J Dixon
Director
1
General Information
Cornish Collection Limited is a private company, limited by shares, registered in England and Wales, registration number 04829229, registration address 73 Bodrigan Road, LOOE, Cornwall, PL13 1EH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Website cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 20 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery etc 20% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 6 (2024 : 6).
3.

Intangible fixed assets

Cost Goodwill   Other intangible assets   Total
  £   £   £
At 01 February 2024 20,000    3,461    23,461 
Additions    
Disposals    
At 31 January 2025 20,000    3,461    23,461 
Amortisation
At 01 February 2024 20,000    817    20,817 
Charge for year   173    173 
On disposals    
At 31 January 2025 20,000    990    20,990 
Net book values
At 31 January 2025   2,471    2,471 
At 31 January 2024   2,644    2,644 


4.

Tangible fixed assets

Cost or valuation Land and buildings   Plant and machinery etc   Total
  £   £   £
At 01 February 2024 244,436    36,700    281,136 
Additions    
Disposals    
At 31 January 2025 244,436    36,700    281,136 
Depreciation
At 01 February 2024   32,307    32,307 
Charge for year   878    878 
On disposals    
At 31 January 2025   33,185    33,185 
Net book values
Closing balance as at 31 January 2025 244,436    3,515    247,951 
Opening balance as at 01 February 2024 244,436    4,393    248,829 


2