Company Registration No. 14736827 (England and Wales)
Corporate Supplies Ltd
Unaudited accounts
for the year ended 31 March 2025
Corporate Supplies Ltd
Unaudited accounts
Contents
Corporate Supplies Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
33,517
33,868
Cash at bank and in hand
27,938
1,642
Creditors: amounts falling due within one year
(42,112)
(28,102)
Net current assets/(liabilities)
351
(19,313)
Total assets less current liabilities
33,868
14,555
Creditors: amounts falling due after more than one year
(33,840)
(28,999)
Net assets/(liabilities)
28
(14,444)
Called up share capital
1
1
Profit and loss account
27
(14,445)
Shareholders' funds
28
(14,444)
For the year 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 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 of Directors and authorised for issue on 4 July 2025 and were signed on its behalf by
Jerome Newman
Director
Company Registration No. 14736827
Corporate Supplies Ltd
Notes to the Accounts
for the year ended 31 March 2025
Corporate Supplies Ltd is a private company, limited by shares, registered in England and Wales, registration number 14736827. The registered office is Old Church, Main Street, Wetherby, West Yorkshire, LS22 4HT.
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.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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:
Motor vehicles
20% Reducing Balance
Corporate Supplies Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2024
-
33,999
33,999
At 31 March 2025
7,033
33,999
41,032
Charge for the year
610
6,774
7,384
At 31 March 2025
610
6,905
7,515
At 31 March 2025
6,423
27,094
33,517
At 31 March 2024
-
33,868
33,868
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
5,000
5,000
Trade creditors
12,597
8,854
Taxes and social security
13,143
-
Other creditors
11,372
14,248
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
23,340
28,999
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).