1 1 Corporate Hardware Limited 03261848 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is Retail sale of computers, peripheral units and software in specialised stores Digita Accounts Production Advanced 6.30.9574.0 true 03261848 2023-09-01 2024-08-31 03261848 2024-08-31 03261848 bus:Director2 1 2024-08-31 03261848 bus:OrdinaryShareClass1 bus:OtherShareType 2024-08-31 03261848 core:CurrentFinancialInstruments 2024-08-31 03261848 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 03261848 core:OtherPropertyPlantEquipment 2024-08-31 03261848 bus:SmallEntities 2023-09-01 2024-08-31 03261848 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 03261848 bus:FilletedAccounts 2023-09-01 2024-08-31 03261848 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 03261848 bus:RegisteredOffice 2023-09-01 2024-08-31 03261848 bus:CompanySecretary1 2023-09-01 2024-08-31 03261848 bus:Director2 2023-09-01 2024-08-31 03261848 bus:Director2 1 2023-09-01 2024-08-31 03261848 bus:OrdinaryShareClass1 bus:OtherShareType 2023-09-01 2024-08-31 03261848 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 03261848 bus:Agent1 2023-09-01 2024-08-31 03261848 core:OtherPropertyPlantEquipment 2023-09-01 2024-08-31 03261848 core:PlantMachinery 2023-09-01 2024-08-31 03261848 core:OtherRelatedParties 2023-09-01 2024-08-31 03261848 countries:EnglandWales 2023-09-01 2024-08-31 03261848 2023-08-31 03261848 bus:Director2 1 2023-08-31 03261848 core:OtherPropertyPlantEquipment 2023-08-31 03261848 2022-09-01 2023-08-31 03261848 2023-08-31 03261848 bus:Director2 1 2023-08-31 03261848 bus:OrdinaryShareClass1 bus:OtherShareType 2023-08-31 03261848 core:CurrentFinancialInstruments 2023-08-31 03261848 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 03261848 core:OtherPropertyPlantEquipment 2023-08-31 03261848 bus:Director2 1 2022-09-01 2023-08-31 03261848 bus:Director2 1 2022-08-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 03261848

Corporate Hardware Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Corporate Hardware Limited

Contents

Company Information

1

Director's Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 9

 

Corporate Hardware Limited

Company Information

Director

Mr Richard Trevarthen

Company secretary

Mrs Lindsay Trevarthen

Registered office

11 Yarm Court Road
Leatherhead
Surrey
KT22 8NY

Accountants

Atek Accounting Solutions Ltd First Floor
111 Queens Road
Weybridge
Surrey
KT13 9UN

 

Corporate Hardware Limited

Director's Report for the Year Ended 31 August 2024

The director presents his report and the financial statements for the year ended 31 August 2024.

Director of the company

The director who held office during the year was as follows:

Mr Richard Trevarthen

Principal activity

The principal activity of the company is Retail sale of computers, peripheral units and software in specialised stores

Approved and authorised by the director on 28 May 2025
 

.........................................
Mr Richard Trevarthen
Director

 

Corporate Hardware Limited

(Registration number: 03261848)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,608

3,067

Current assets

 

Debtors

5

35,759

38,123

Creditors: Amounts falling due within one year

6

(36,680)

(37,028)

Net current (liabilities)/assets

 

(921)

1,095

Net assets

 

1,687

4,162

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

1,587

4,062

Shareholders' funds

 

1,687

4,162

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account and Director's Report.

Approved and authorised by the director on 28 May 2025
 

.........................................
Mr Richard Trevarthen
Director

 

Corporate Hardware Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
11 Yarm Court Road
Leatherhead
Surrey
KT22 8NY
UK

These financial statements were authorised for issue by the director on 28 May 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Corporate Hardware Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Corporate Hardware Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Corporate Hardware Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 September 2023

84,521

84,521

Additions

329

329

At 31 August 2024

84,850

84,850

Depreciation

At 1 September 2023

81,455

81,455

Charge for the year

787

787

At 31 August 2024

82,242

82,242

Carrying amount

At 31 August 2024

2,608

2,608

At 31 August 2023

3,067

3,067

5

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

19,949

27,689

Amounts owed by related parties

9

6,500

6,000

Other debtors

 

9,310

4,434

   

35,759

38,123

6

Creditors

Creditors: amounts falling due within one year

 

Corporate Hardware Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

6

Creditors (continued)

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

14,290

17,084

Trade creditors

 

16,208

12,320

Taxation and social security

 

479

1,404

Accruals and deferred income

 

1,200

1,200

Other creditors

 

4,503

5,020

 

36,680

37,028

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

8

Dividends

2024

2023

£

£

Interim dividend of £4,000 (2023 - £3,000) per ordinary share

4,000

3,000

 

 

9

Related party transactions

Transactions with the director

2024

At 1 September 2023
£

Advances to director
£

Repayments by director
£

At 31 August 2024
£

Mr Richard Trevarthen

Loan to director

(16)

1,884

(2,000)

(132)

(16)

1,884

(2,000)

(132)

 

Corporate Hardware Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

9

Related party transactions (continued)

2023

At 1 September 2022
£

At 31 August 2023
£

Mr Richard Trevarthen

Loan to director

(16)

(16)

(16)

(16)

Summary of transactions with other related parties

The company has a loan to OTTOPT Limited, a company under common control. During the period, a further £13,000 (2023: £12,000) was paid to OTTOPT Ltd. The loan is repayable on demand. During the period, repayments of £12,500 (2023: £11,000) were made from OTTOPT Limited to the company. The balance outstanding at the end of the period is £6,500 (2023: £6,000).