ACCOUNTS - Final Accounts

Registered number: 01335291

CORMID LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 16 JANUARY 2026

CORMID LIMITED

REGISTERED NUMBER: 01335291

BALANCE SHEET

AS AT 16 JANUARY 2026

		Period ended 16 January 2026		Year ended 31 March 2025
Note		£		£

Fixed assets
Tangible assets	4		-		926
			-		926
Current assets
Debtors: amounts falling due within one year	5	-		853,183
Cash at bank and in hand	6	143		806
		143		853,989
Creditors: amounts falling due within one year	7	(270,653)		(263,154)
Net current (liabilities)/assets			(270,510)		590,835
Total assets less current liabilities			(270,510)		591,761

Net (liabilities)/assets			(270,510)		591,761

Capital and reserves
Called up share capital	290	290
Profit and loss account	(270,800)	591,471
	(270,510)	591,761

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CORMID LIMITED

REGISTERED NUMBER: 01335291

BALANCE SHEET (CONTINUED)

AS AT 16 JANUARY 2026

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

J Bailey

Director

Date: 6 August 2026

The notes on pages 3 to 6 form part of these financial statements.

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CORMID LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 16 JANUARY 2026

1.	General information

Cormid Limited is a Company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

The company ceased trading on the 16 January 2026 following the death of a director. As such these accounts have not been prepared on the going concern basis.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

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CORMID LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 16 JANUARY 2026

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Fixtures & fittings	-	25% reducing balance
				Office equipment	-	25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including the Directors, during the year was as follows:

	2026	2025
	No.	No.

Staff	2	2

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CORMID LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 16 JANUARY 2026

4.	Tangible fixed assets

		Fixed assets
		£

	At 17 January 2025	125,492
	Disposals	(125,492)
	At 16 January Period ended 16 January 2026	-

	At 17 January 2025	124,566
	Disposals	(124,566)
	At 16 January Period ended 16 January 2026	-
	Net book value
	At 16 January Period ended 16 January 2026	-
	At 16 January Year ended 31 March 2025	926

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CORMID LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 16 JANUARY 2026

Debtors

					Period ended 16 January 2026	Year ended 31 March 2025
					£	£


Other debtors	-	853,183
	-	853,183

6.	Cash and cash equivalents
		Period ended 16 January 2026	Year ended 31 March 2025
		£	£

Cash at bank and in hand	143	806
	143	806

7.	Creditors: Amounts falling due within one year
		Period ended 16 January 2026	Year ended 31 March 2025
		£	£

Other creditors	263,104	260,154
Accruals and deferred income	7,549	3,000
	270,653	263,154

8.	Related party transactions
	The amounts due to and from related parties under common control at the balance sheet date and included in debtors and creditors are as follows in the table below. During the year Cormid Limited made sales of £nil (2025: £2,668) to Warnsgrove Limited.

In addition, in other creditors there is a Director's loan of £263,104 (2025: £260,154) provided to the company. Interest of 0% is paid on this loan and it is repayable on demand.

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