Corella Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11688432

		2026
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		37,802

			37,802
CURRENT ASSETS
Stocks	5	89,247
Debtors	6	160,389
Cash at bank and in hand		21,419

		271,055
Creditors: Amounts Falling Due Within One Year	7	(333,309 )

NET CURRENT ASSETS (LIABILITIES)			(62,254 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(24,452 )

Creditors: Amounts Falling Due After More Than One Year	8		(32,760 )

NET LIABILITIES			(57,212 )

CAPITAL AND RESERVES
Called up share capital	10		100
Profit and Loss Account			(57,312 )

SHAREHOLDERS' FUNDS			(57,212)

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Corella Ltd

Balance Sheet (continued)

As At 31 May 2026

For the year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Paul Aubrey

Director

04/09/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Corella Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11688432 . The registered office is Yard 3, Manor Farm, Sandridge Common, Melksham, Wiltshire, SN12 7QT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Not depreciated
Leasehold	Not depreciated
Plant & Machinery	25% Reducing balance
Motor Vehicles	25% Reducing balance
Fixtures & Fittings	25% Reducing balance
Computer Equipment	25% Reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11

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Corella Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 June 2025	1,782	13,913	65,485	3,519	84,699
Additions	-	-	9,495	-	9,495

As at 31 May 2026	1,782	13,913	74,980	3,519	94,194

Depreciation
As at 1 June 2025	-	8,274	37,227	2,233	47,734
Provided during the period	-	1,294	7,065	299	8,658

As at 31 May 2026	-	9,568	44,292	2,532	56,392

Net Book Value
As at 31 May 2026	1,782	4,345	30,688	987	37,802

As at 1 June 2025	1,782	5,639	28,258	1,286	36,965

5. Stocks

	2026
	£
Work in progress	89,247

6. Debtors

	2026
	£
Due within one year
Trade debtors	131,963
Other debtors	26,284

	158,247
Due after more than one year
Other debtors	2,142

	160,389

7. Creditors: Amounts Falling Due Within One Year

	2026
	£
Trade creditors	88,950
Bank loans and overdrafts	101,022
Other creditors	7,578
Taxation and social security	135,759

	333,309

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Corella Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

8. Creditors: Amounts Falling Due After More Than One Year

	2026
	£
Net obligations under finance lease and hire purchase contracts	22,627
Bank loans	10,133

	32,760

9. Obligations Under Finance Leases and Hire Purchase

	2026
	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	22,627

10. Share Capital

	2026
	£
Allotted, Called up and fully paid	100

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