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Registered number: 07344223
Corus Consultancy Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors Mr Kuldeep Sangar
Mr Jatinder Manku
Company Number 07344223
Registered Office Corus House
1 Elmira Street
London
SE13 7GS
Accountants Giant Finance Accounts Limited
Festival House
Jessop Avenue
Cheltenham
GL50 3SH
Page 1
Page 2
Balance Sheet
Registered number: 07344223
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 10,191 31,802
Tangible Assets 5 55,866 68,867
66,057 100,669
CURRENT ASSETS
Debtors 6 782,101 971,696
Cash at bank and in hand 371,655 368,839
1,153,756 1,340,535
Creditors: Amounts Falling Due Within One Year 7 (709,809 ) (810,942 )
NET CURRENT ASSETS (LIABILITIES) 443,947 529,593
TOTAL ASSETS LESS CURRENT LIABILITIES 510,004 630,262
Creditors: Amounts Falling Due After More Than One Year 8 (11,231 ) (40,812 )
NET ASSETS 498,773 589,450
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 498,771 589,448
SHAREHOLDERS' FUNDS 498,773 589,450
Page 2
Page 3
For the year ending 31 August 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Kuldeep Sangar
Director
Mr Jatinder Manku
Director
20/02/2025
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Corus Consultancy Ltd is a private company, limited by shares, incorporated in England & Wales,   registered number 07344223 . The registered office is  Corus House, 1 Elmira Street, London, SE13 7GS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. 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 the sale of goods is recognised when the significant risks and rewards of ownership of the 
goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured 
reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the 
costs incurred or to be incurred in respect of the transaction can be measured reliably.
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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured 
at cost less accumulated amortisation and accumulated impairment losses. 
Intangible assets acquired on business combinations are recognised separately from goodwill at the 
acquisition date where it is probable that the expected future economic benefits that are attributable to the 
asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises 
from contractual or other legal rights; and the intangible asset is separable from the entity
Amortisation 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:
Right of Use Asset                          Straight Line method
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of 
depreciation and any impairment losses.
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:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds 
and the carrying value of the asset, and is credited or charged to profit or loss.
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2.6. Financial Instruments
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income 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 liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 21)
15 21
4. Intangible Assets
Other
£
Cost
As at 1 September 2023 64,829
As at 31 August 2024 64,829
Amortisation
As at 1 September 2023 33,027
Provided during the period 21,611
As at 31 August 2024 54,638
...CONTINUED
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Page 6
Net Book Value
As at 31 August 2024 10,191
As at 1 September 2023 31,802
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 11,833 174,350 51,493 237,676
Additions - 5,500 - 5,500
As at 31 August 2024 11,833 179,850 51,493 243,176
Depreciation
As at 1 September 2023 3,384 145,257 20,168 168,809
Provided during the period 2,112 3,360 13,029 18,501
As at 31 August 2024 5,496 148,617 33,197 187,310
Net Book Value
As at 31 August 2024 6,337 31,233 18,296 55,866
As at 1 September 2023 8,449 29,093 31,325 68,867
6. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 769,381 943,418
Prepayments and accrued income 12,720 12,880
Corporation tax recoverable assets - 15,398
782,101 971,696
7. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 46,649 121,071
Bank loans and overdrafts 10,289 10,035
Corporation tax 1,500 3,695
Other taxes and social security 41,161 44,190
Other creditors 610,210 631,951
709,809 810,942
Included within Bank loans there is a balance of £10,289 that represents instalments payable by the company towards the Bounce Back Loan in the next 12 months. The government has guaranteed 100% of the loan. The length of the loan is 6 years and the interest rate will be 2.5% a year.
Included within other creditors is a balance of £583,582 relating to an invoice finance arrangement which is subject to a debenture over the company’s assets held by Giant Finance + Limited (previously Oriel Support Limited), the company’s finance provider registered at Companies House on 31 October 2006.
...CONTINUED
Page 6
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7. Creditors: Amounts Falling Due Within One Year - continued
Included within the other creditors there is a balance of £17,292 that represents rentals payable by the company for Company Cars in the next 12 months.
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Other loans 8,773 19,062
Other creditors 2,458 21,750
11,231 40,812
Other Loans consist of Bank loans and overdrafts: The government has guaranteed 100% of the loan. The length of the loan is 6 years and the interest rate will be 2.5% a year.
Included within the other creditors there is a balance of £2,458 that represents rentals payable by the company for Company Car in the future.
9. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 2 2
Page 7