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COMPANY REGISTRATION NUMBER: 09579545

Korber and Clarke Consultancy Limited

Filleted Unaudited Financial Statements

For the year ended

31 May 2025

Korber and Clarke Consultancy Limited

Statement of Financial Position

31 May 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 596 | 795

Current assets

Debtors | 6 | 50,804 |  | 52,564
Cash at bank and in hand | 1,086 |  | 19,772
| -------- |  | --------
| 51,890 |  | 72,336

Creditors: amounts falling due within one year | 7 | 20,043 |  | 26,392
| -------- |  | --------
Net current assets |  | 31,847 | 45,944
|  | -------- | --------
Total assets less current liabilities |  | 32,443 | 46,739

Creditors: amounts falling due after more than one year | 8 |  | 25,532 | 31,556

Provisions

Taxation including deferred tax |  | 113 | 151
|  | -------- | --------
Net assets |  | 6,798 | 15,032
|  | -------- | --------

Capital and reserves

Called up share capital | 9 |  | 100 | 100
Profit and loss account |  | 6,698 | 14,932
|  | ------- | --------
Shareholders funds |  | 6,798 | 15,032
|  | ------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Korber and Clarke Consultancy Limited

Statement of Financial Position (continued)

31 May 2025
These financial statements were approved by the board of directors and authorised for issue on 9 April 2026 , and are signed on behalf of the board by:

Mr P Rodgers
Director

Company registration number: 09579545

Korber and Clarke Consultancy Limited

Notes to the Financial Statements

Year ended 31 May 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Emporium, Bow Street, Langport, Somerset, TA10 9PQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from the supply of services is recognised when the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures and Fittings | - | 25% reducing balance
| Equipment | - | 33% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 2 ).
5. Tangible assets

| Fixtures and fittings | Equipment | Total
| £ | £ | £
Cost |  |  |
At 1 June 2024 and 31 May 2025 | 3,605 | 515 | 4,120
| ------- | ---- | -------
Depreciation |  |  |
At 1 June 2024 | 2,810 | 515 | 3,325
Charge for the year | 199 | – | 199
| ------- | ---- | -------
At 31 May 2025 | 3,009 | 515 | 3,524
| ------- | ---- | -------
Carrying amount |  |  |
At 31 May 2025 | 596 | – | 596
| ------- | ---- | -------
At 31 May 2024 | 795 | – | 795
| ------- | ---- | -------

6. Debtors

| 2025 | 2024
| £ | £
Other debtors | 50,804 | 52,564
| -------- | --------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 5,674 | 5,324
Trade creditors | 2,369 | 1,048
Corporation tax | 2,607 | 9,240
Social security and other taxes | 302 | 304
Other creditors | 9,091 | 10,476
| -------- | --------
| 20,043 | 26,392
| -------- | --------

8. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 25,532 | 31,556
| -------- | --------

Included within creditors: amounts falling due after more than one year is an amount of £25,532 (2024: £31,556) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
The terms of repayment and the rate of interest are stated below.
A bounce back loan of £48,000 was taken in 2020 which is repayable over 108 payments. Repayments commenced in November 2021. Interest is charged at 2.5% with the first years interest being paid by the UK Government. The loan is secured under the UK Government's Bounce Back Loan Scheme.
9. Called up share capital
Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 100 | 100 | 100 | 100
| ---- | ---- | ---- | ----

10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:

| 2025
|  | Balance brought forward | Advances/ (credits) to the directors | Amounts repaid | Balance outstanding
|  | £ | £ | £ | £
| Mr P Rodgers | 18,804 | 11,060 | ( 10,940) | 18,924
| Mrs S Rodgers | 18,804 | 11,060 | ( 10,940) | 18,924
|  | -------- | -------- | -------- | --------
|  | 37,608 | 22,120 | ( 21,880) | 37,848
|  | -------- | -------- | -------- | --------

| 2024
|  | Balance brought forward | Advances/ (credits) to the directors | Amounts repaid | Balance outstanding
|  | £ | £ | £ | £
| Mr P Rodgers | 18,575 | 4,648 | ( 4,419) | 18,804
| Mrs S Rodgers | 18,574 | 4,648 | ( 4,418) | 18,804
|  | -------- | ------- | ------- | --------
|  | 37,149 | 9,296 | ( 8,837) | 37,608
|  | -------- | ------- | ------- | --------

During the year advances net of repayments of £240 were made by the directors. Interest was charged at the official rate on a daily basis and the amounts advanced are repayable on demand.