Core Solutions Limited - Limited company accounts 11.9
Core Solutions Limited - Limited company accounts 11.9
| REGISTERED NUMBER: |
| Report of the Directors and |
| Financial Statements for the Year Ended 30 September 2015 |
| for |
| Core Solutions Limited |
| Core Solutions Limited (Registered number: 02601896) |
| Contents of the Financial Statements |
| for the Year Ended 30 September 2015 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Profit and Loss Account | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| Core Solutions Limited |
| Company Information |
| for the Year Ended 30 September 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Core Solutions Limited (Registered number: 02601896) |
| Report of the Directors |
| for the Year Ended 30 September 2015 |
| The directors present their report with the financial statements of the company for the year ended 30 September 2015. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 October 2014 to the date of this |
| report. |
| This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating |
| to small companies. |
| ON BEHALF OF THE BOARD: |
| Core Solutions Limited (Registered number: 02601896) |
| Profit and Loss Account |
| for the Year Ended 30 September 2015 |
| 30.9.15 | 30.9.14 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| 67,273 | 79,905 |
| Other operating income |
| OPERATING PROFIT | 2 |
| Interest receivable and similar income |
| PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION |
| Tax on profit on ordinary activities | 3 |
| PROFIT FOR THE FINANCIAL YEAR |
| Core Solutions Limited (Registered number: 02601896) |
| Balance Sheet |
| 30 September 2015 |
| 30.9.15 | 30.9.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Profit and loss account | 9 |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors on |
| Core Solutions Limited (Registered number: 02601896) |
| Notes to the Financial Statements |
| for the Year Ended 30 September 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| 2. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 30.9.15 | 30.9.14 |
| £ | £ |
| Depreciation - owned assets |
| Pension costs |
| Directors' remuneration and other benefits etc |
| 3. | TAXATION |
| Analysis of the tax charge |
| The tax charge on the profit on ordinary activities for the year was as follows: |
| 30.9.15 | 30.9.14 |
| £ | £ |
| Current tax: |
| UK corporation tax |
| Tax on profit on ordinary activities |
| 4. | DIVIDENDS |
| 30.9.15 | 30.9.14 |
| £ | £ |
| shares of each |
| Interim | 51,333 | 71,814 |
| Core Solutions Limited (Registered number: 02601896) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2015 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2014 |
| and 30 September 2015 |
| DEPRECIATION |
| At 1 October 2014 |
| Charge for year |
| At 30 September 2015 |
| NET BOOK VALUE |
| At 30 September 2015 |
| At 30 September 2014 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.15 | 30.9.14 |
| £ | £ |
| Trade debtors | 45,646 | 58,727 |
| Other debtors | 750 | - |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.15 | 30.9.14 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.9.15 | 30.9.14 |
| value: | £ | £ |
| Ordinary A Shares | £1 |
| Ordinary B shares | £1 |
| 45,000 | 45,000 |
| Core Solutions Limited (Registered number: 02601896) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2015 |
| 9. | RESERVES |
| Profit |
| and loss |
| account |
| £ |
| At 1 October 2014 |
| Profit for the year |
| Dividends | ( |
) |
| At 30 September 2015 |