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REGISTERED NUMBER: 02391274 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Concorde I Limited

Concorde I Limited (Registered number: 02391274)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Concorde I Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: P Heales
K Covey
B Broadhurst
J Crow
P A Rose





SECRETARY: P Heales





REGISTERED OFFICE: Unit 4
Merlin Business Park
Exeter Airport
Exeter
Devon
EX5 2UL





REGISTERED NUMBER: 02391274 (England and Wales)





ACCOUNTANTS: Bedford & Co Limited
128 High Street
Crediton
Devon
EX17 3LQ

Concorde I Limited (Registered number: 02391274)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 607,624 592,251
607,624 592,251

CURRENT ASSETS
Stocks 274,441 379,496
Debtors 6 448,452 485,547
Cash at bank and in hand 1,769,089 1,594,711
2,491,982 2,459,754
CREDITORS
Amounts falling due within one year 7 356,897 392,182
NET CURRENT ASSETS 2,135,085 2,067,572
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,742,709

2,659,823

PROVISIONS FOR LIABILITIES 4,968 1,086
NET ASSETS 2,737,741 2,658,737

CAPITAL AND RESERVES
Called up share capital 58 58
Share premium 11,987 11,987
Capital redemption reserve 19,014 19,014
Retained earnings 2,706,682 2,627,678
SHAREHOLDERS' FUNDS 2,737,741 2,658,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Concorde I Limited (Registered number: 02391274)

Balance Sheet - continued
30 September 2024


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 Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:





P Heales - Director


Concorde I Limited (Registered number: 02391274)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Concorde I Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company's place of business is Unit 4, Merlin Business Park, Exeter Airport, Exeter, Devon, EX5 2UL.

2. ACCOUNTING POLICIES

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

Turnover
This is measured at the fair value of the consideration received or receivable from the sale of goods and services, excluding discounts, rebates, value added tax and other sales taxes.
Revenue is recognised when goods and services are delivered to customers such that risks and rewards of ownership have been transferred to them and that there is sufficient reliable evidence that delivery of goods and services has occurred.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2007 and 2008, has been fully amortised evenly over its estimated useful life of three years and one year respectively.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on cost and 25% on cost

Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Cost is calculated on a first in first out basis.

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.

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.

Concorde I Limited (Registered number: 02391274)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 225,591
AMORTISATION
At 1 October 2023
and 30 September 2024 225,591
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 587,752 221,665 809,417
Additions - 26,495 26,495
Disposals - (17,995 ) (17,995 )
At 30 September 2024 587,752 230,165 817,917
DEPRECIATION
At 1 October 2023 - 217,166 217,166
Charge for year - 6,624 6,624
Eliminated on disposal - (13,497 ) (13,497 )
At 30 September 2024 - 210,293 210,293
NET BOOK VALUE
At 30 September 2024 587,752 19,872 607,624
At 30 September 2023 587,752 4,499 592,251

Concorde I Limited (Registered number: 02391274)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 201,832 230,746
Other debtors 246,620 254,801
448,452 485,547

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 176,293 256,843
Taxation and social security 119,307 112,695
Other creditors 61,297 22,644
356,897 392,182

The company's bankers, Svenska Handelsbanken AB, hold a debenture over the company's assets dated 14 May 2018.