Company Registration No. 10531373 (England and Wales)
CORNEL DRYLINING LTD
Unaudited accounts
for the year ended 31 March 2026
CORNEL DRYLINING LTD
Unaudited accounts
Contents
CORNEL DRYLINING LTD
Company Information
for the year ended 31 March 2026
Directors
Cornel Panaitiu
Anca-Roxana Panaitiu
Company Number
10531373 (England and Wales)
Registered Office
SUITE 1, PARKWAY 5, EMERSON BUSINESS CEN
300 PRINCESS ROAD
MANCHESTER
M14 7HR
ENGLAND
Accountants
CLEARCUT ACCOUNTING LIMITED
SUITE 2 PARKWAY 5 PARKWAY BUSINESS CENT
300 PRINCESS ROAD
MANCHESTER
M14 7HR
CORNEL DRYLINING LTD
Statement of financial position
as at 31 March 2026
Cash at bank and in hand
(4,999)
30
Creditors: amounts falling due within one year
(48,497)
(29,000)
Net current assets
66,917
15,800
Total assets less current liabilities
66,917
31,800
Creditors: amounts falling due after more than one year
(51,046)
(25,000)
Called up share capital
100
100
Profit and loss account
15,771
6,700
Shareholders' funds
15,871
6,800
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2026 and were signed on its behalf by
Cornel Panaitiu
Director
Company Registration No. 10531373
CORNEL DRYLINING LTD
Notes to the Accounts
for the year ended 31 March 2026
CORNEL DRYLINING LTD is a private company, limited by shares, registered in England and Wales, registration number 10531373. The registered office is SUITE 1, PARKWAY 5, EMERSON BUSINESS CEN, 300 PRINCESS ROAD, MANCHESTER, M14 7HR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The directors have decided to cease trading and intend to place the company into liquidation. Accordingly, the directors do not consider the company to be a going concern.
Tangible fixed assets and depreciation
The tangible fixed assets previously recognised in the company’s financial statements were incorrectly capitalised and depreciated in prior periods. During the year, these assets were transferred to the director and are no longer owned or controlled by the company. Accordingly, the assets have been written off from the company’s books and are no longer included within tangible fixed assets at the year end
CORNEL DRYLINING LTD
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2025
1,607
25,000
26,607
Disposals
-
(25,000)
(25,000)
At 31 March 2026
1,607
-
1,607
At 1 April 2025
1,607
9,000
10,607
On disposals
-
(9,000)
(9,000)
At 31 March 2026
1,607
-
1,607
At 31 March 2025
-
16,000
16,000
Amounts falling due within one year
Trade debtors
45,657
20,930
Other debtors
73,878
22,757
6
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
1,467
616
Trade creditors
(5,647)
(41,030)
Taxes and social security
52,738
69,380
7
Creditors: amounts falling due after more than one year
2026
2025
Taxes and social security
30,242
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
CORNEL DRYLINING LTD
Notes to the Accounts
for the year ended 31 March 2026
9
Average number of employees
During the year the average number of employees was 2 (2025: 2).