Company Registration No. 08748747 (England and Wales)
CORDEN CONTRACTING LTD
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 10 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
CORDEN CONTRACTING LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
CORDEN CONTRACTING LTD
BALANCE SHEET
AS AT
10 MARCH 2025
10 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
381
Current assets
Debtors
4
4,601
4,843
Cash at bank and in hand
82
180
4,683
5,023
Creditors: amounts falling due within one year
5
(6,273)
(4,677)
Net current (liabilities)/assets
(1,590)
346
Net (liabilities)/assets
(1,590)
727
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(1,591)
726
Total equity
(1,590)
727
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial Period ended 10 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 28 March 2025
Miss I A C Peach
Director
Company registration number 08748747 (England and Wales)
CORDEN CONTRACTING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 10 MARCH 2025
- 2 -
1
Accounting policies
Company information
Corden Contracting Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 227A West Street, Fareham, Hants, PO16 0HZ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The 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 £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
1.3
Tangible fixed assets
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% reducing balance basis
2
Employees
The average monthly number of persons (including directors) employed by the company during the Period was:
2025
2024
Number
Number
Total
1
1
CORDEN CONTRACTING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 10 MARCH 2025
- 3 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2024
3,664
Disposals
(3,664)
At 10 March 2025
Depreciation and impairment
At 1 November 2024
3,283
Eliminated in respect of disposals
(3,283)
At 10 March 2025
Carrying amount
At 10 March 2025
At 31 October 2024
381
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
4,601
4,843
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
3,854
2,164
Corporation tax
930
1,384
Other creditors
1,489
1,129
6,273
4,677