Coretek Consulting Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08458066 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Coretek Consulting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Y Din

Mrs V C Din

REGISTERED OFFICE:

15 Cricketers Fold

Shadwell

Leeds

West Yorkshire

LS17 8WE

REGISTERED NUMBER:

08458066 (England and Wales)

ACCOUNTANTS:

Equate Limited

Chartered Certified Accountants

17 Appleton Court

Calder Park

Wakefield

West Yorkshire

WF2 7AR

FIXED ASSETS

Tangible assets

4

278

715

CURRENT ASSETS

Debtors

5

371,551

213,220

Cash at bank

47,657

113,827

419,208

327,047

CREDITORS

Amounts falling due within one year

6

108,758

81,978

NET CURRENT ASSETS

310,450

245,069

TOTAL ASSETS LESS CURRENT LIABILITIES

310,728

245,784

PROVISIONS FOR LIABILITIES

53

135

NET ASSETS

310,675

245,649

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

310,673

245,647

SHAREHOLDERS' FUNDS

310,675

245,649

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 1 May 2019 and were signed on its behalf by:

M Y Din - Director

1.	STATUTORY INFORMATION

Coretek Consulting Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial

assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to

related parties.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2018

and 31 March 2019

880

5,911

6,791

DEPRECIATION

At 1 April 2018

509

5,567

6,076

Charge for year

93

344

437

At 31 March 2019

602

5,911

6,513

NET BOOK VALUE

At 31 March 2019

278

-

278

At 31 March 2018

371

344

715

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

17,985

-

Other debtors

353,500

197,300

Prepayments and accrued income

66

15,920

371,551

213,220

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

20

20

Tax

29,783

27,711

VAT

9,630

8,151

Other creditors

123

239

Directors' current accounts

67,927

44,582

Accruals and deferred income

1,275

1,275

108,758

81,978

7.	ULTIMATE CONTROLLING PARTY

The company is under the joint control of the directors.