CORRI LIMITED

CORRI LIMITED

CORRI LIMITED - Company Information

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1 January 2022 false No description of principal activity Taxfiler 2023.5 02288929business:PrivateLimitedCompanyLtd2022-01-012022-12-31 022889292021-12-31 022889292022-01-012022-12-31 02288929business:AuditExemptWithAccountantsReport2022-01-012022-12-31 02288929business:FullAccounts2022-01-012022-12-31 022889292022-12-31 02288929business:Director12022-01-012022-12-31 02288929business:Director22022-01-012022-12-31 02288929business:RegisteredOffice2022-01-012022-12-31 022889292021-12-31 02288929core:WithinOneYear2022-12-31 02288929core:WithinOneYear2021-12-31 02288929core:ShareCapital2022-12-31 02288929core:ShareCapital2021-12-31 02288929core:RetainedEarningsAccumulatedLosses2022-12-31 02288929core:RetainedEarningsAccumulatedLosses2021-12-31 02288929business:SmallEntities2022-01-012022-12-31 02288929countries:EnglandWales2022-01-012022-12-31 02288929core:LandBuildings2022-01-012022-12-31 02288929core:PlantMachinery2022-01-012022-12-31 02288929core:LandBuildings2021-12-31 02288929core:PlantMachinery2021-12-31 02288929core:LandBuildings2022-12-31 02288929core:PlantMachinery2022-12-31 022889292021-01-012021-12-31 iso4217:GBP xbrli:pure
Company Registration No. 02288929 (England and Wales)
CORRI LIMITED Unaudited accounts for the year ended 31 December 2022
CORRI LIMITED Unaudited accounts Contents
Page
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CORRI LIMITED Company Information for the year ended 31 December 2022
Directors
WISSAM AYOUB HEIDI AYOUB
Company Number
02288929 (England and Wales)
Registered Office
Willows Briar Road Send Woking GU23 7AN
Accountants
VSCT Tax Consultancy Ltd Chartered Certified Accountants and Tax Advisers 406 Brighton Road South Croydon CR2 6AN
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CORRI LIMITED Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
74,737 
81,680 
Current assets
Debtors
5
11,302 
30,444 
Cash at bank and in hand
507,805 
377,244 
519,107 
407,688 
Creditors: amounts falling due within one year
6
(417,372)
(365,816)
Net current assets
101,735 
41,872 
Net assets
176,472 
123,552 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
175,472 
122,552 
Shareholders' funds
176,472 
123,552 
For the year ending 31 December 2022 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 10 June 2023 and were signed on its behalf by
WISSAM AYOUB Director Company Registration No. 02288929
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CORRI LIMITED Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
CORRI LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02288929. The registered office is Willows Briar Road, Send, Woking, GU23 7AN.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% on a straight line basis
Plant & machinery
25% on a straight line basis
Turnover
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.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2022
102,100 
77,279 
179,379 
Additions
- 
4,356 
4,356 
At 31 December 2022
102,100 
81,635 
183,735 
Depreciation
At 1 January 2022
20,420 
77,279 
97,699 
Charge for the year
10,210 
1,089 
11,299 
At 31 December 2022
30,630 
78,368 
108,998 
Net book value
At 31 December 2022
71,470 
3,267 
74,737 
At 31 December 2021
81,680 
- 
81,680 
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CORRI LIMITED Notes to the Accounts for the year ended 31 December 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,302 
30,444 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
277,707 
194,241 
Taxes and social security
91,395 
83,163 
Other creditors
44,118 
84,502 
Accruals
4,152 
3,910 
417,372 
365,816 
7
Average number of employees
During the year the average number of employees was 5 (2021: 5).
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