The_Coral_Production_Ltd_31_Mar_2022_companies_house_set_of_accounts.html
The_Coral_Production_Ltd_31_Mar_2022_companies_house_set_of_accounts.html
Company registration number:
Statement of Financial Position
| 31 Mar 2022 | |||
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| Note | £ | ||
| Fixed assets | |||
| Intangible assets | 5 |
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| Tangible assets | 6 |
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| Current assets | |||
| Debtors | 7 |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year | 8 |
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| Net current assets |
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| Total assets less current liabilities | 94,748 | ||
| Capital and reserves | |||
| Called up share capital |
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| Profit and loss account |
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| Shareholders funds |
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For the period ending 31 March 2022 , 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 period in question in accordance with section 476; The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 12 July 2022 , and are signed on behalf of the board by:
| Director |
Company registration number:
13300737
Notes to the Financial Statements
Period ended 31 March 2022
1 General information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Apartment 1 , 15 The Causeway , Altrincham , Cheshire , WA14 1DE , England.
2 Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The financial statements are prepared in sterling, which is the functional currency of the company.
Intangible assets
Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
| Other intangible assets |
Tangible assets
Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
| Office equipment |
4 Average number of employees
The average number of persons employed by the company during the period was 1 .
5 Intangible assets
| Other intangible assets | ||
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| £ | ||
| Cost | ||
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| Additions |
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| Amortisation | ||
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6 Tangible assets
| Plant and machinery etc. | ||
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| £ | ||
| Cost | ||
| At |
- | |
| Additions |
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| Depreciation | ||
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7 Debtors
| 31 Mar 2022 | ||
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| £ | ||
| Trade debtors |
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| Other debtors |
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8 Creditors: amounts falling due within one year
| 31 Mar 2022 | ||
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| £ | ||
| Trade creditors |
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| Taxation and social security |
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| Other creditors |
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