Charlotte Cornelius Ltd - Filleted accounts

Registered number

08453287

Charlotte Cornelius Ltd

Filleted Accounts

31 March 2025

Charlotte Cornelius Ltd
Registered number:		08453287
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		20,922			25,542

Current assets
Stocks		75,512			74,012
Debtors	4	49,602			49,715
Cash at bank and in hand		49,139			32,171
		174,253			155,898

Creditors: amounts falling due within one year	5	(79,562)			(60,388)

Net current assets			94,691			95,510

Total assets less current liabilities			115,613			121,052


Provisions for liabilities			(3,633)			(4,473)


Net assets			111,980			116,579

Capital and reserves
Called up share capital			100			100
Profit and loss account			111,880			116,479

Shareholder's funds			111,980			116,579

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.






C Cornelius
Director
Approved by the board on 8 December 2025

Charlotte Cornelius Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Land and building	10% reducing balance basis
	Fixtures, fittings, tools and equipment	25% reducing balance basis

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			8		8


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	4,188		82,628		86,816
	Additions	-		1,682		1,682
	At 31 March 2025	4,188		84,310		88,498

	Depreciation
	At 1 April 2024	2,185		59,089		61,274
	Charge for the year	200		6,102		6,302
	At 31 March 2025	2,385		65,191		67,576

	Net book value
	At 31 March 2025	1,803		19,119		20,922
	At 31 March 2024	2,003		23,539		25,542


4	Debtors			2025		2024
£					£

	Trade debtors			42,966		44,522
	Other debtors			6,636		5,193
				49,602		49,715


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			14,516		18,465
	Taxation and social security costs			37,331		33,542
	Other creditors			27,715		8,381
				79,562		60,388


6	Other information

	Charlotte Cornelius Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	87a Marmion Road
	Southsea
	Hampshire
	PO5 2AX