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Company No: 10595698 (England and Wales)

CORDULA GB LTD

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

CORDULA GB LTD

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

CORDULA GB LTD

BALANCE SHEET

As at 31 July 2024
CORDULA GB LTD

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 1,650 2,547
1,650 2,547
Current assets
Stocks 5 10,000 12,000
Debtors 6 53,225 111,017
Cash at bank and in hand 15,318 17,754
78,543 140,771
Creditors: amounts falling due within one year 7 ( 134,073) ( 169,344)
Net current liabilities (55,530) (28,573)
Total assets less current liabilities (53,880) (26,026)
Creditors: amounts falling due after more than one year 8 ( 8,333) ( 15,570)
Net liabilities ( 62,213) ( 41,596)
Capital and reserves
Called-up share capital 9 1 1
Profit and loss account ( 62,214 ) ( 41,597 )
Total shareholder's deficit ( 62,213) ( 41,596)

For the financial year ending 31 July 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 financial statements of Cordula GB Ltd (registered number: 10595698) were approved and authorised for issue by the Director on 17 July 2025. They were signed on its behalf by:

N Bailey-Lloyd
Director
CORDULA GB LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
CORDULA GB LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cordula GB Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software 3 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Fixtures and fittings 25 % reducing balance
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Intangible assets

Computer software Total
£ £
Cost
At 01 August 2023 1,600 1,600
At 31 July 2024 1,600 1,600
Accumulated amortisation
At 01 August 2023 1,600 1,600
At 31 July 2024 1,600 1,600
Net book value
At 31 July 2024 0 0
At 31 July 2023 0 0

4. Tangible assets

Fixtures and fittings Office equipment Total
£ £ £
Cost
At 01 August 2023 2,054 8,525 10,579
At 31 July 2024 2,054 8,525 10,579
Accumulated depreciation
At 01 August 2023 802 7,230 8,032
Charge for the financial year 313 584 897
At 31 July 2024 1,115 7,814 8,929
Net book value
At 31 July 2024 939 711 1,650
At 31 July 2023 1,252 1,295 2,547

5. Stocks

2024 2023
£ £
Stocks 10,000 12,000

6. Debtors

2024 2023
£ £
Trade debtors 5,000 50,289
Amounts owed by related parties 0 40,880
Other debtors 48,225 19,848
53,225 111,017

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 4,000 4,000
Trade creditors 26,001 76,250
Amounts owed to related parties 7,930 0
Other taxation and social security 3,544 12,553
Other creditors 92,598 76,541
134,073 169,344

There are no amounts included above in respect of which any security has been given by the small entity.

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 3,333 7,324
Other creditors 5,000 8,246
8,333 15,570

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 0.0001 each 0.01 0.01

10. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Key management 21,848 18,047

Interest has been charged at applicable rate on the overdrawn loan amount.