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REGISTERED NUMBER: SC550432 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

CORE ACCOUNTING LTD

CORE ACCOUNTING LTD (REGISTERED NUMBER: SC550432)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CORE ACCOUNTING LTD

Company Information
for the Year Ended 31 March 2025







DIRECTOR: G Rice





REGISTERED OFFICE: 29 Brandon Street
Hamilton
ML3 6DA





REGISTERED NUMBER: SC550432 (Scotland)






CORE ACCOUNTING LTD (REGISTERED NUMBER: SC550432)

Balance Sheet
31 March 2025

2025 2024
Notes £    £   
CURRENT ASSETS
Debtors 6 - 2,023
Cash at bank 19,025 18,528
19,025 20,551
CREDITORS
Amounts falling due within one year 7 11,686 4,604
NET CURRENT ASSETS 7,339 15,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,339

15,947

CREDITORS
Amounts falling due after more than one year 8 1,334 5,334
NET ASSETS 6,005 10,613

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,905 10,513
6,005 10,613

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CORE ACCOUNTING LTD (REGISTERED NUMBER: SC550432)

Balance Sheet - continued
31 March 2025


The 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 June 2025 and were signed by:





G Rice - Director


CORE ACCOUNTING LTD (REGISTERED NUMBER: SC550432)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Core Accounting Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. There were no material departures from the standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is derived from accounting services supplied by the company.

Turnover is measured at the fair value of accounting services supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £100 or more on individual tangible fixed assets are capitalised at cost. Expenditure on assets below this threshold is charged directly to the income statement in the period it is incurred.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


CORE ACCOUNTING LTD (REGISTERED NUMBER: SC550432)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024
and 31 March 2025 8,708
DEPRECIATION
At 1 April 2024
and 31 March 2025 8,708
NET BOOK VALUE
At 31 March 2025 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors - 1,980
Other debtors - 43
- 2,023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 4,000 4,000
Taxation and social security 153 -
Other creditors 7,533 604
11,686 4,604

CORE ACCOUNTING LTD (REGISTERED NUMBER: SC550432)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 1,334 5,334

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 5,334 9,334

The bank loan is secured by a 100% guarantee from the UK Government.

10. RELATED PARTY DISCLOSURES

The company operates a loan account with the director, G Rice.

During the year, the director loaned £6,930 to the company. At the year end, the balance due to the director was £7,154. There are no fixed repayment terms and no interest charged.