Corrotec Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 15096916

		31 March 2025
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		68,801

			68,801
CURRENT ASSETS
Debtors	5	61,423
Cash at bank and in hand		23,403

		84,826
Creditors: Amounts Falling Due Within One Year	6	(208,513 )

NET CURRENT ASSETS (LIABILITIES)			(123,687 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(54,886 )

NET LIABILITIES			(54,886 )

CAPITAL AND RESERVES
Called up share capital	8		2
Profit and Loss Account			(54,888 )

SHAREHOLDERS' FUNDS			(54,886)

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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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

Mrs Rosemary Brown

Director

10/07/2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Corrotec Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15096916 . The registered office is Unit 7 Valley Road, Birkenhead, CH41 7BA.

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	10% Straight Line Basis
Motor Vehicles	25% Reducing Balance Basis
Computer Equipment	20% Reducing Balance Basis

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 4

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Corrotec Limited

Notes to the Financial Statements (continued)

For the Period 1 September 2023 to 31 March 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 September 2023	-	-	-	-
Additions	84,699	8,695	1,251	94,645

As at 31 March 2025	84,699	8,695	1,251	94,645

Depreciation
As at 1 September 2023	-	-	-	-
Provided during the period	22,351	2,970	523	25,844

As at 31 March 2025	22,351	2,970	523	25,844

Net Book Value
As at 31 March 2025	62,348	5,725	728	68,801

As at 1 September 2023	-	-	-	-

5. Debtors

	31 March 2025
	£
Due within one year
Trade debtors	26,909
Other debtors	34,514

	61,423

6. Creditors: Amounts Falling Due Within One Year

	31 March 2025
	£
Net obligations under finance lease and hire purchase contracts	4,198
Trade creditors	40,834
Other loans	8,625
Other creditors	143,789
Taxation and social security	11,067

	208,513

7. Obligations Under Finance Leases and Hire Purchase

	31 March 2025
	£
The future minimum finance lease payments are as follows:
Not later than one year	4,198

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Corrotec Limited

Notes to the Financial Statements (continued)

For the Period 1 September 2023 to 31 March 2025

8. Share Capital

	31 March 2025
	£
Allotted, Called up and fully paid	2

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