Acorah Software Products - Accounts Production 16.2.850 false true false 11 February 2024 31 March 2025 31 March 2025 15482589 Mr Kyle Hendry The Hendry Group Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15482589 2024-02-10 15482589 2025-03-31 15482589 2024-02-11 2025-03-31 15482589 frs-core:CurrentFinancialInstruments 2025-03-31 15482589 frs-core:MotorVehicles 2025-03-31 15482589 frs-core:MotorVehicles 2024-02-11 2025-03-31 15482589 frs-core:MotorVehicles 2024-02-10 15482589 frs-core:PlantMachinery 2025-03-31 15482589 frs-core:PlantMachinery 2024-02-11 2025-03-31 15482589 frs-core:PlantMachinery 2024-02-10 15482589 frs-core:ShareCapital 2025-03-31 15482589 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 15482589 frs-bus:PrivateLimitedCompanyLtd 2024-02-11 2025-03-31 15482589 frs-bus:FilletedAccounts 2024-02-11 2025-03-31 15482589 frs-bus:SmallEntities 2024-02-11 2025-03-31 15482589 frs-bus:AuditExempt-NoAccountantsReport 2024-02-11 2025-03-31 15482589 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-11 2025-03-31 15482589 1 2024-02-11 2025-03-31 15482589 frs-bus:Director1 2024-02-11 2025-03-31 15482589 frs-countries:EnglandWales 2024-02-11 2025-03-31
Registered number: 15482589
Core Leasing Solutions Ltd
Unaudited Financial Statements
For the Period 11 February 2024 to 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 15482589
31 March 2025
Notes £ £
FIXED ASSETS
Tangible Assets 4 940,581
940,581
CURRENT ASSETS
Debtors 5 67,148
Cash at bank and in hand 62,157
129,305
Creditors: Amounts Falling Due Within One Year 6 (734,972 )
NET CURRENT ASSETS (LIABILITIES) (605,667 )
TOTAL ASSETS LESS CURRENT LIABILITIES 334,914
PROVISIONS FOR LIABILITIES
Deferred Taxation (209,113 )
NET ASSETS 125,801
CAPITAL AND RESERVES
Called up share capital 7 1
Profit and Loss Account 125,800
SHAREHOLDERS' FUNDS 125,801
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For the period 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
Mr Kyle Hendry
Director
13th August 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Core Leasing Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15482589 . The registered office is Lime House, 75 Church Road, Tiptree, Essex, CO5 0HB.
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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
2.4. 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.
...CONTINUED
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2.4. Taxation - continued
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.
Current and deferred tax are recognised in profit or loss for the period, 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 period was: 1
1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 11 February 2024 - - -
Additions 691,922 448,227 1,140,149
As at 31 March 2025 691,922 448,227 1,140,149
Depreciation
As at 11 February 2024 - - -
Provided during the period 130,929 68,639 199,568
As at 31 March 2025 130,929 68,639 199,568
Net Book Value
As at 31 March 2025 560,993 379,588 940,581
As at 11 February 2024 - - -
5. Debtors
31 March 2025
£
Due within one year
Trade debtors 67,148
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6. Creditors: Amounts Falling Due Within One Year
31 March 2025
£
Trade creditors 18,599
Amounts owed to group undertakings 633,484
Other creditors 1,828
Taxation and social security 81,061
734,972
7. Share Capital
31 March 2025
£
Allotted, Called up and fully paid 1
8. Related Party Transactions
Core Construction Solutions LtdCore Construction Solutions Ltd and Core Leasing Solutions Ltd are both subsidiaries in the same group.On 31 May 2024 Core Construction Solutions Ltd sold plant, machinery and vehicles to Core Leasing Solutions for £718,444, being the market value. During the year Core Leasing Solutions Ltd raised invoices totalling £556,141 to Core Construction Solutions Ltd for the hire of plant, machinery and vehicles on normal commercial terms. At the year end of 31 March 2025 Core Construction Solutions Ltd owed Core Leasing Solutions Ltd £67,148 as a trade creditor. At the year end of 31 March 2025 Core Leasing Solutions Ltd owed Core Construction Solutions Ltd £1,599. This is a non interest bearing loan on which no repayment terms have been agreed.

Core Construction Solutions Ltd

Core Construction Solutions Ltd and Core Leasing Solutions Ltd are both subsidiaries in the same group.

On 31 May 2024 Core Construction Solutions Ltd sold plant, machinery and vehicles to Core Leasing Solutions for £718,444, being the market value. During the year Core Leasing Solutions Ltd raised invoices totalling £556,141 to Core Construction Solutions Ltd for the hire of plant, machinery and vehicles on normal commercial terms. At the year end of 31 March 2025 Core Construction Solutions Ltd owed Core Leasing Solutions Ltd £67,148 as a trade creditor. At the year end of 31 March 2025 Core Leasing Solutions Ltd owed Core Construction Solutions Ltd £1,599. This is a non interest bearing loan on which no repayment terms have been agreed.

The Hendry Group LtdThe Hendry Group Ltd is the parent company of Core Leasing Solutions Ltd.On 10 May 2024 The Hendry Group Ltd acquired the shares in Core Leasing Solutions Ltd via a share for share exchange. At the year end of 31 March 2025 Core Leasing Solutions Ltd owed The Hendry Group Ltd £631,885. This is a non interest bearing loan on which no repayment terms have been agreed.

The Hendry Group Ltd

The Hendry Group Ltd is the parent company of Core Leasing Solutions Ltd.

On 10 May 2024 The Hendry Group Ltd acquired the shares in Core Leasing Solutions Ltd via a share for share exchange. At the year end of 31 March 2025 Core Leasing Solutions Ltd owed The Hendry Group Ltd £631,885. This is a non interest bearing loan on which no repayment terms have been agreed.

9. Ultimate Controlling Party
The company's ultimate controlling party is The Hendry Group Ltd by virtue of their ownership of 100% of the issued share capital in the company.
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