Cornlea Consulting Limited - Filleted accounts

Registered number

08647499

Cornlea Consulting Limited

Filleted Accounts

31 August 2025

Ref: C028

Cornlea Consulting Limited
Registered number:		08647499
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		93,333			110,833
Tangible assets	4		113,536			123,170
			206,869			234,003

Current assets
Stocks		13,500			15,500
Debtors	5	42,576			58,568
Cash at bank and in hand		19,053			31,514
		75,129			105,582

Creditors: amounts falling due within one year	6	(141,827)			(171,347)

Net current liabilities			(66,698)			(65,765)

Total assets less current liabilities			140,171			168,238

Creditors: amounts falling due after more than one year	7		(34,651)			(25,062)



Net assets			105,520			143,176

Capital and reserves
Called up share capital			100			100
Profit and loss account			105,420			143,076

Shareholders' funds			105,520			143,176

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.



Mr N. Collins
Director
Approved by the board on 16 May 2026

Cornlea Consulting 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, 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:

	Plant and machinery	20% reducing balance
	Fixtures, fittings, tools and equipment	20% reducing balance

	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			15		21


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 September 2024					175,000
	At 31 August 2025					175,000

	Amortisation
	At 1 September 2024					64,167
	Provided during the year					17,500
	At 31 August 2025					81,667

	Net book value
	At 31 August 2025					93,333
	At 31 August 2024					110,833

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Leasehold		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 September 2024	75,000		106,272		181,272
	At 31 August 2025	75,000		106,272		181,272

	Depreciation
	At 1 September 2024	-		58,102		58,102
	Charge for the year	-		9,634		9,634
	At 31 August 2025	-		67,736		67,736

	Net book value
	At 31 August 2025	75,000		38,536		113,536
	At 31 August 2024	75,000		48,170		123,170


5	Debtors			2025		2024
£					£

	Trade debtors			35,264		28,606
	Other debtors			7,312		29,962
				42,576		58,568


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

	Bank loans and overdrafts			28,105		58,000
	Trade creditors			24,407		25,617
	Taxation and social security costs			56,674		79,986
	Other creditors			32,641		7,744
				141,827		171,347


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

	Bank loans			34,651		25,062


8	Other information

	Cornlea Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is:
	11 Queen Anne Drive
	Worsley
	Manchester
	M28 1ZF