Corby Canvas Products Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 06651204

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		5,670		6,480
Tangible Assets	5		12,998		5,253
Investments	6		100		100

			18,768		11,833
CURRENT ASSETS
Stocks	7	10,484		11,821
Debtors	8	6,361		20,234
Cash at bank and in hand		18,411		4,911

		35,256		36,966
Creditors: Amounts Falling Due Within One Year	9	(81,654 )		(86,108 )

NET CURRENT ASSETS (LIABILITIES)			(46,398 )		(49,142 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(27,630 )		(37,309 )

Creditors: Amounts Falling Due After More Than One Year	10		(5,600 )		(9,333 )

NET LIABILITIES			(33,230 )		(46,642 )

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			(33,330 )		(46,742 )

SHAREHOLDERS' FUNDS			(33,230)		(46,642)

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Corby Canvas Products Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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 her 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 Lindsay Burrill

Director

16 September 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Corby Canvas Products Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06651204 . The registered office is C/O Sempar, Office 2.026, Innovation Centre 7, Keele University, Keele, Staffordshire, ST5 5NU.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets is website development. It is amortised to profit and loss account over its estimated economic life of ten years.

2.5. 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	20% reducing balance
Motor Vehicles	20% reducing balance
Fixtures & Fittings	15% reducing balance
Computer Equipment	20% reducing balance

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements on the basis that the company and its subsidiary undertaking comprise a small group as defined by Companies Act 2006.

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Corby Canvas Products Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2024	2023
Office and administration	3	3

	3	3

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	8,100

As at 31 December 2024	8,100

Amortisation
As at 1 January 2024	1,620
Provided during the period	810

As at 31 December 2024	2,430

Net Book Value
As at 31 December 2024	5,670

As at 1 January 2024	6,480

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	14,058	-	1,249	15,307
Additions	-	10,995	-	10,995

As at 31 December 2024	14,058	10,995	1,249	26,302

Depreciation
As at 1 January 2024	9,359	-	695	10,054
Provided during the period	940	2,199	111	3,250

As at 31 December 2024	10,299	2,199	806	13,304

Net Book Value
As at 31 December 2024	3,759	8,796	443	12,998

As at 1 January 2024	4,699	-	554	5,253

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Corby Canvas Products Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Investments

	Unlisted
	£
Cost
As at 1 January 2024	100

As at 31 December 2024	100

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	100

As at 1 January 2024	100

Investments include shares in wholly owned subsidiary Chameleon Care Solutions UK Ltd. A company incorporated in England & Wales.

7. Stocks

	2024	2023
	£	£
Stock	10,484	11,821

8. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	3,822	17,984
Prepayments and accrued income	2,250	2,250
Amounts owed by subsidiaries	289	-

	6,361	20,234

9. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	15,342	8,997
Bank loans and overdrafts	3,733	5,600
Other taxes and social security	12,994	13,327
VAT	12,566	34,473
Other creditors	10,192	236
Accruals and deferred income	1,121	1,121
Director's loan account	25,706	19,449
Amounts owed to subsidiaries	-	2,905

	81,654	86,108

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Corby Canvas Products Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

10. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	5,600	9,333

11. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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