| |
|
2024 |
|
2023 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
1,789 |
|
|
2,670 |
| Current assets |
|
39,174 |
|
|
39,805 |
|
| Creditors: amount falling due within one year |
|
(66,868) |
|
|
(71,735) |
|
|
Net current assets
|
|
|
(27,694)
|
|
|
(31,930)
|
|
Total assets less current liabilities
|
|
|
(25,905) |
|
|
(29,260) |
| Accruals and deferred income |
|
|
(600) |
|
|
(500) |
|
Net assets
|
|
|
(26,505) |
|
|
(29,760) |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
(26,505) |
|
|
(29,760) |
| |
NOTES TO THE ACCOUNTS
General Information
CORINTH CONSULTING LTD is a private company, limited by shares, registered in England and Wales, registration number 12933786, registration address 35 Battersea Square, London, SW11 3RA.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other salestaxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Computer Equipment |
33% Reducing Balance
|
|
| 2. |
Tangible fixed assets
| Cost or valuation |
Computer Equipment |
|
Total |
| |
£ |
|
£ |
| At 01 January 2024 |
7,824 |
|
7,824 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 December 2024 |
7,824 |
|
7,824 |
| Depreciation |
| At 01 January 2024 |
5,154 |
|
5,154 |
| Charge for year |
881 |
|
881 |
| On disposals |
- |
|
- |
| At 31 December 2024 |
6,035 |
|
6,035 |
| Net book values |
| Closing balance as at 31 December 2024 |
1,789 |
|
1,789 |
| Opening balance as at 01 January 2024 |
2,670 |
|
2,670 |
|
| 3. |
Average number of employees
Average number of employees during the year was 0 (2023 : 2).
|
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.
Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 27 September 2025 and were signed by: --------------------------------
Rena Jamie Moulopoulos Neville
Director |
1
|