Company Registration No. 11425285 (England and Wales)
Cornwall Containers Ltd
Unaudited accounts
for the year ended 30 June 2025
Cornwall Containers Ltd
Unaudited accounts
Contents
Cornwall Containers Ltd
Company Information
for the year ended 30 June 2025
Director
Graham David Honey
Company Number
11425285 (England and Wales)
Registered Office
9 Cathedral Court
Southernhay East
Exeter
Devon
EX1 1AF
England
Accountants
GD Accountancy
7a Bridge Street
Hatherleigh
Okehampton
Devon
EX20 3HU
Cornwall Containers Ltd
Statement of financial position
as at 30 June 2025
Tangible assets
423,166
520,985
Cash at bank and in hand
314
2,228
Creditors: amounts falling due within one year
(234,425)
(148,312)
Net current liabilities
(215,810)
(130,754)
Total assets less current liabilities
207,356
390,231
Creditors: amounts falling due after more than one year
-
(580,392)
Provisions for liabilities
Deferred tax
(4,882)
(11,845)
Net assets/(liabilities)
202,474
(202,006)
Called up share capital
2
2
Profit and loss account
202,472
(202,008)
Shareholders' funds
202,474
(202,006)
For the year ending 30 June 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 September 2025 and were signed on its behalf by
Graham David Honey
Director
Company Registration No. 11425285
Cornwall Containers Ltd
Notes to the Accounts
for the year ended 30 June 2025
Cornwall Containers Ltd is a private company, limited by shares, registered in England and Wales, registration number 11425285. The registered office is 9 Cathedral Court, Southernhay East, Exeter, Devon, EX1 1AF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
15% reducing balance
Fixtures & fittings
10% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Cornwall Containers Ltd
Notes to the Accounts
for the year ended 30 June 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 July 2024
666,320
123,108
789,428
Revaluations
(48,820)
(27,650)
(76,470)
Disposals
-
(9,598)
(9,598)
At 30 June 2025
617,500
85,860
703,360
At 1 July 2024
207,680
60,763
268,443
Charge for the year
13,326
8,682
22,008
Surplus on revaluation
(976)
(4,147)
(5,123)
On disposals
-
(5,134)
(5,134)
At 30 June 2025
220,030
60,164
280,194
At 30 June 2025
397,470
25,696
423,166
At 30 June 2024
458,640
62,345
520,985
Carrying amount of land and buildings on cost basis
617,500
666,320
Carrying amount of plant & machinery on cost basis
85,860
113,510
A revaluation was carried out on 30 June 2025 by Mr G Honey. The basis of the valuation was to reflect the current market value of the assets on an open market basis.
Amounts falling due within one year
Trade debtors
18,301
6,990
Accrued income and prepayments
-
335
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
52,569
Amounts owed to group undertakings and other participating interests
231,500
-
Taxes and social security
-
49,623
Cornwall Containers Ltd
Notes to the Accounts
for the year ended 30 June 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Transactions with related parties
During the year the company entered into the following transactions with related parties:
Indiana Developments LLP - On the 30th April 2025 Indiana Developments LLP acquired the share capital of Cornwall Containers Ltd. On acquisition, a previous loan from Indiana Developments LLP to Cornwall Containers Ltd with a balance of £634,270 was written off. During the year ended 30th June 2025, Indiana Developments LLP made payments to Cornwall Containers Ltd of £231,500 and incurred rental charges from Cornwall Containers Ltd of £18,301.
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).