CORGI TECHNICAL SERVICES LIMITED Accounts






CORGI TECHNICAL SERVICES LIMITED

	Company No. 07048463
		Information for Filing with The Registrar
		31 December 2024

The Directors present their report and the accounts for the year ended 31 December 2024.

Principal activities
The principal activity of the company during the year under review was audit and consultancy in the gas and electrical industry.




Directors

The Directors who served at any time during the year were as follows:

C. HEYES
W.R. PATON
M.R. SHARP







































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

C. HEYES
Director
19 September 2025

at	31 December 2024
Company No.		07048463	Notes	2024	2023
				£	£
Fixed assets
	Intangible assets		4	58,649	89,567
	Tangible assets		5	-	2,733


				58,649	92,300
Current assets
	Stocks		6	-	120
	Debtors		7	1,079,965	973,884

	Cash at bank and in hand			219,078	118,804
				1,299,043	1,092,808
Creditors: Amount falling due within one year			8	(1,204,162)	(971,895)
Net current assets				94,881	120,913
Total assets less current liabilities				153,530	213,213




Net assets				153,530	213,213

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		9	153,430	213,113

Total equity				153,530	213,213



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 December 2024 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 19 September 2025 and signed on its behalf by:
C. HEYES
Director
19 September 2025

for the year ended 31 December 2024

General information

CORGI TECHNICAL SERVICES LIMITED is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 07048463

Its registered office is:

Belvedere House

Basing View

Basingstoke

Hampshire

RG21 4HG

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Computer equipment

33% On Cost

Furniture, fittings and equipment

25% Reducing Balance

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 profit and loss account 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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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.

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.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the year was:	45	42

4	Intangible fixed assets
			Goodwill	Develop-ment costs	Total
			£	£	£
		Cost
		At 1 January 2024	53,000	101,590	154,590


		At 31 December 2024	53,000	101,590	154,590
		Amortisation and impairment
		At 1 January 2024	21,200	43,823	65,023
		Charge for the year	10,600	20,318	30,918


		At 31 December 2024	31,800	64,141	95,941
		Net book values
		At 31 December 2024	21,200	37,449	58,649
		At 31 December 2023	31,800	57,767	89,567

5	Tangible fixed assets
			Computer equipment	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 January 2024	60,966	13,463	74,429



		Disposals	-	(13,463)	(13,463)
		At 31 December 2024	60,966	-	60,966
		Depreciation
		At 1 January 2024	60,905	10,791	71,696
		Charge for the year	61	-	61


		Disposals	-	(10,791)	(10,791)
		At 31 December 2024	60,966	-	60,966
		Net book values
		At 31 December 2024	-	-	-
		At 31 December 2023	61	2,672	2,733

6	Stocks
			2024	2023
			£	£

		Work in progress	-	120

			-	120

7	Debtors
			2024	2023
			£	£
		Trade debtors	912,509	616,653





		Other debtors	69,168	269,866
		Prepayments and accrued income	98,288	87,365
			1,079,965	973,884

8	Creditors:
		amounts falling due within one year
			2024	2023
			£	£




		Trade creditors	103,906	69,896

		Taxes and social security	498,775	301,724

		Other creditors	279,195	324,125
		Accruals and deferred income	322,286	276,150
			1,204,162	971,895

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.