Registered number
02160429
Courtship Ltd
Filleted Accounts
31 March 2025
Courtship Ltd
Registered number: 02160429
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 291,113 232,118
Current assets
Stocks 80,000 74,000
Debtors 4 139,671 81,681
Cash at bank and in hand 20,569 54,279
240,240 209,960
Creditors: amounts falling due within one year 5 (94,624) (84,599)
Net current assets 145,616 125,361
Total assets less current liabilities 436,729 357,479
Creditors: amounts falling due after more than one year 6 (209,137) (151,848)
Provisions for liabilities (20,642) (3,559)
Net assets 206,950 202,072
Capital and reserves
Called up share capital 50 75
Capital redemption reserve 50 25
Profit and loss account 206,850 201,972
Shareholders' funds 206,950 202,072
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A Ryan
Director
Approved by the board on 22 July 2025
Courtship Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings 2% Straight line
Plant and machinery 33% Straight line
Office equipment 33% Straight line
Motor vehicles 33% Straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 328,434 103,565 125,300 557,299
Additions - 657 86,243 86,900
Disposals - - (8,490) (8,490)
At 31 March 2025 328,434 104,222 203,053 635,709
Depreciation
At 1 April 2024 115,053 99,929 110,199 325,181
Charge for the year 4,842 2,574 20,489 27,905
On disposals - - (8,490) (8,490)
At 31 March 2025 119,895 102,503 122,198 344,596
Net book value
At 31 March 2025 208,539 1,719 80,855 291,113
At 31 March 2024 213,381 3,636 15,101 232,118
4 Debtors 2025 2024
£ £
Trade debtors 104,060 37,973
Other debtors 35,611 43,708
139,671 81,681
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 4,311 6,007
Obligations under finance lease and hire purchase contracts 16,959 15,050
Taxation and social security costs 36,688 42,243
Director loan acount 24,421 9,200
Other creditors 12,245 12,099
94,624 84,599
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 138,678 142,989
Obligations under finance lease and hire purchase contracts 70,459 8,859
209,137 151,848
7 Other information
Courtship Ltd is a private company limited by shares and incorporated in England. Its registered office is:
9 High Street
Wellington
Somerset
TA21 8QT
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