CORNFIELD ENGINEERING SOLUTIONS LIMITED

CORNFIELD ENGINEERING SOLUTIONS LIMITED
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		24,014			28,460

Current assets
Stocks		40,698			63,895
Debtors	4	53,542			49,997
Cash at bank and in hand		32,334			46,392

		126,574			160,284
Creditors: amounts falling due within one year	5	(72,683)			(95,671)

Net current assets			53,891			64,613

Total assets less current liabilities			77,905			93,073

Creditors: amounts falling due after more than one year	6		(22,685)			(37,839)

Provisions for liabilities			(2,457)			(2,497)

Net assets			52,763			52,737

Capital and reserves
Called up share capital			100			100
Profit and loss account			52,663			52,637

Shareholders' funds			52,763			52,737


The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

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.

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. TIMBEY
Director
Approved by the board on 20 January 2026

CORNFIELD ENGINEERING SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 31 August 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, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:

	Plant and machinery	20% reducing balance basis
	Furniture, fixtures and office 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, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. 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. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	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			6		6


3	Tangible fixed assets
		Motor vehicles		Plant, machinery, furniture, fixtures and equipment		Total
£			£		£
	Cost
	At 1 September 2024	16,990		54,251		71,241
	Additions	-		810		810
	At 31 August 2025	16,990		55,061		72,051

	Depreciation
	At 1 September 2024	3,398		39,383		42,781
	Charge for the year	2,718		2,538		5,256
	At 31 August 2025	6,116		41,921		48,037

	Net book value
	At 31 August 2025	10,874		13,140		24,014
	At 31 August 2024	13,592		14,868		28,460


4	Debtors			2025		2024
£					£

	Trade debtors			44,225		43,564
	Other debtors			9,317		6,433
				53,542		49,997


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

	Bank loan account (unsecured)			5,556		5,556
	Trade creditors and deferred income			24,028		37,986
	Corporation tax			5,206		6,777
	Other taxes and social security costs			9,873		15,352
	Directors' loan account			28,020		30,000
				72,683		95,671


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loan account (unsecured)			22,685		26,389
	Directors' loan account			-		11,450
				22,685		37,839


7	Controlling party
	The directors of the company at the Balance Sheet date, Mr. C. and Mrs. A.J. Timbey, own 51% and 45% respectively of the issued share capital of the company.


8	Other information
	CORNFIELD ENGINEERING SOLUTIONS LIMITED is a private company limited by shares and incorporated in England (Company Number 06287972). Its registered office is Unit 5, Victoria Business Park, Prospect Way, Brown Lees, Stoke-on-Trent, Staffordshire, ST8 7PP.