Registered number
07694343
Core Management ( NW) Ltd
Filleted Accounts
31 July 2024
Core Management ( NW) Ltd
Registered number: 07694343
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 6,900 9,200
Tangible assets 4 - 1,350
6,900 10,550
Current assets
Stocks - 2,735
Debtors 5 53,751 55,247
Cash at bank and in hand 402 724
54,153 58,706
Creditors: amounts falling due within one year 6 (7,598) (8,998)
Net current assets 46,555 49,708
Total assets less current liabilities 53,455 60,258
Creditors: amounts falling due after more than one year 7 (10,927) (13,204)
Net assets 42,528 47,054
Capital and reserves
Called up share capital 100 100
Profit and loss account 42,428 46,954
Shareholders' funds 42,528 47,054
Average number of employees 3 3
The director is 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 director acknowledges her 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.
Mrs C White
Director
Approved by the board on 29 July 2025
Core Management ( NW) Ltd
Notes to the Accounts
for the year ended 31 July 2024
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery Reducing balance 20%
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 23,000
At 31 July 2024 23,000
Amortisation
At 1 August 2023 13,800
Provided during the year 2,300
At 31 July 2024 16,100
Net book value
At 31 July 2024 6,900
At 31 July 2023 9,200
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 4,528
At 31 July 2024 4,528
Depreciation
At 1 August 2023 3,178
Charge for the year 1,350
At 31 July 2024 4,528
Net book value
At 31 July 2024 -
At 31 July 2023 1,350
5 Debtors 2024 2023
£ £
Trade debtors - 1,293
Other debtors 53,751 53,954
53,751 55,247
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,640 2,640
Taxation and social security costs 4,958 7,280
Other creditors - (922)
7,598 8,998
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,927 13,204
8 Other information
Core Management ( NW) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Orchard
Woodhart Lane
Eccleston
Chorley
PR7 5TB
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