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Registered number: 06107675
Corbridge Delicatessens Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06107675
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,621 25,365
25,621 25,365
CURRENT ASSETS
Stocks 5 12,000 12,000
Debtors 6 13,277 13,238
Cash at bank and in hand 125,244 107,750
150,521 132,988
Creditors: Amounts Falling Due Within One Year 7 (47,625 ) (41,020 )
NET CURRENT ASSETS (LIABILITIES) 102,896 91,968
TOTAL ASSETS LESS CURRENT LIABILITIES 128,517 117,333
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,319 ) (2,133 )
NET ASSETS 122,198 115,200
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 122,196 115,198
SHAREHOLDERS' FUNDS 122,198 115,200
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
D R Robinson
Director
15/07/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Corbridge Delicatessens Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06107675 . The registered office is The Morpeth Larder, Sanderson Arcade, Morpeth, Northumberland, NE61 1NS.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 5% on cost
Plant & Machinery 25% reducing balance
Office Equipment 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 33% on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 9 (2024: 11)
9 11
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Office Equipment Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 3,308 70,951 3,191 46,197
Additions - 2,437 - 6,125
Disposals - (1,692 ) (613 ) (300 )
As at 31 March 2025 3,308 71,696 2,578 52,022
Depreciation
As at 1 April 2024 2,667 60,931 2,619 32,426
Provided during the period 295 3,030 140 3,964
Disposals - (1,357 ) (510 ) (222 )
As at 31 March 2025 2,962 62,604 2,249 36,168
Net Book Value
As at 31 March 2025 346 9,092 329 15,854
As at 1 April 2024 641 10,020 572 13,771
Computer Equipment Total
£ £
Cost
As at 1 April 2024 3,021 126,668
Additions - 8,562
Disposals - (2,605 )
As at 31 March 2025 3,021 132,625
Depreciation
As at 1 April 2024 2,660 101,303
Provided during the period 361 7,790
Disposals - (2,089 )
As at 31 March 2025 3,021 107,004
Net Book Value
As at 31 March 2025 - 25,621
As at 1 April 2024 361 25,365
Page 4
Page 5
5. Stocks
2025 2024
£ £
Stock 12,000 12,000
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 13,277 13,238
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 15,326 10,761
Other creditors 2,220 3,530
Taxation and social security 30,079 26,729
47,625 41,020
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 5