Corkk Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12180559

Corkk Ltd

Filleted Unaudited Financial Statements

31 August 2025

Corkk Ltd

Financial Statements

Year ended 31 August 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Corkk Ltd

Statement of Financial Position

31 August 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	151,869	165,366

Current assets

Stocks		62,000	67,000
Debtors	6	13,733	28,213
Cash at bank and in hand		30,757	85,690
		---------	---------
		106,490	180,903

Creditors: amounts falling due within one year	7	121,564	52,579
		---------	---------
Net current (liabilities)/assets		( 15,074)	128,324
		---------	---------
Total assets less current liabilities		136,795	293,690

Creditors: amounts falling due after more than one year	8	103,614	129,767
		---------	---------
Net assets		33,181	163,923
		---------	---------

Capital and reserves

Called up share capital	152	152
Share premium account	398,122	398,122
Profit and loss account	( 365,093)	( 234,351)
	---------	---------
Shareholders funds	33,181	163,923
	---------	---------

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 comprehensive income has not been delivered.

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Corkk Ltd

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 28 August 2026 , and are signed on behalf of the board by:

Mr J C Piggins
Director

Company registration number: 12180559

Corkk Ltd

Notes to the Financial Statements

Year ended 31 August 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 Ripple Farm, Crundale, Canterbury, CT4 7EB, England.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

These accounts have been prepared on a going concern basis. The directors are satisfied that the company will continue to meet its current obligations for at least the next 12 months.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current 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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	1% straight line
Fixtures and fittings	-	33% straight line
Equipment	-	33% straight line
Leased equipment	-	20 % 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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 23 (2024: 10 ).

5. Tangible assets

	Long leasehold property	Fixtures and fittings	Equipment	Leased equipment	Total
	£	£	£	£	£
Cost
At 1 September 2024	96,976	34,157	46,588	32,917	210,638
Additions	–	25,905	4,387	–	30,292
Disposals	–	–	( 1,583)	–	( 1,583)
	--------	--------	--------	--------	---------
At 31 August 2025	96,976	60,062	49,392	32,917	239,347
	--------	--------	--------	--------	---------
Depreciation
At 1 September 2024	146	22,636	9,324	13,166	45,272
Charge for the year	970	19,841	15,911	6,583	43,305
Disposals	–	–	( 1,099)	–	( 1,099)
	--------	--------	--------	--------	---------
At 31 August 2025	1,116	42,477	24,136	19,749	87,478
	--------	--------	--------	--------	---------
Carrying amount
At 31 August 2025	95,860	17,585	25,256	13,168	151,869
	--------	--------	--------	--------	---------
At 31 August 2024	96,830	11,521	37,264	19,751	165,366
	--------	--------	--------	--------	---------

6. Debtors

	2025	2024
	£	£
Other debtors	13,733	28,213
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	100,427	34,744
Corporation tax	1,434	2,521
Social security and other taxes	10,644	6,731
Other creditors	9,059	8,583
	---------	--------
	121,564	52,579
	---------	--------

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

	2025	2024
	£	£
Bank loans and overdrafts	81,076	106,681
Social security and other taxes	15,406	8,400
Other creditors	7,132	14,686
	---------	---------
	103,614	129,767
	---------	---------

9. Director's advances, credits and guarantees

At the year end the Director owed the company £11,193 (2024: £7,469). During the year advances of £37,468 (2024: £6,000) were made to the Director and repayments of £33,744 (2024: £1,750) made by the Director. Interest of £405 was charged on the loan at a rate of 3.75%.