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Registered number: 12648173

Cotswold Commercials Ltd

ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2022

Prepared By:
Stroud Accountancy and Taxation Services Ltd
Chartered Certified Accountants
Edgehill
The Broadway
Oakridge Lynch, Stroud
Gloucestershire
GL6 7NY

Cotswold Commercials Ltd

ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2022
DIRECTORS
Jolyon Tily
Paul Tily
Ashley Powell
REGISTERED OFFICE
Edgehill
Oakridge Lynch
Stroud
GL6 7NY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 12648173
ACCOUNTANTS
Stroud Accountancy and Taxation Services Ltd
Chartered Certified Accountants
Edgehill
The Broadway
Oakridge Lynch, Stroud
Gloucestershire
GL6 7NY

Cotswold Commercials Ltd

ACCOUNTS
FOR THEYEARENDED30 JUNE 2022
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
Creditors Amounts Falling Due Within 1 Yr5
Creditors Amounts Falling Due Within 1 Yr5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Accountants' Report-

Cotswold Commercials Ltd

BALANCE SHEET AT 30 June 2022
20222021
Notes££
FIXED ASSETS
Tangible assets3966810
CURRENT ASSETS
Stock534,720296,163
Debtors52,30932,648
Cash at bank and in hand3,61317,136
540,642345,947
CREDITORS: Amounts falling due within one year625,43182,644
NET CURRENT ASSETS515,211263,303
TOTAL ASSETS LESS CURRENT LIABILITIES516,177264,113
CREDITORS: Amounts falling due after more than one year7400,000176,238
NET ASSETS116,17787,875
CAPITAL AND RESERVES
Called up share capital820,00020,000
Profit and loss account96,17767,875
SHAREHOLDERS' FUNDS116,17787,875
For the year ending 30 June 2022 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 11 August 2022 and signed on their behalf by
.............................
Jolyon Tily
Director

Cotswold Commercials Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20222021
No.No.
Average number of employees11
3. TANGIBLE FIXED ASSETS
Plant and
Machinery Etc.Total
££
Cost
At 1 July 2021907907
Additions466466
At 30 June 20221,3731,373
Depreciation
At 1 July 20219797
For the year310310
At 30 June 2022407407
Net Book Amounts
At 30 June 2022966966
At 30 June 2021810810

Cotswold Commercials Ltd

4. STOCK 20222021
££
Stock comprises:
Vehicles and parts stock534,720296,163
534,720296,163
5. DEBTORS 20222021
££
Amounts falling due within one year:
Trade debtors-32,648
Other debtors2,309-
2,30932,648
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20222021
££
Trade creditors1,44217,077
Taxation and social security11,06333,335
Other creditors12,92632,232
25,43182,644
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20222021
££
Other creditors400,000176,238
400,000176,238
8. SHARE CAPITAL 20222021
££
Allotted, issued and fully paid:
20000 Ordinary shares of £1 each2000020000
20,00020,000
9. CONTROLLING PARTY
The controlling party is the director, J Tily, by virtue of his 100% interest in the ordinary voting share capital.

Cotswold Commercials Ltd

10. RELATED PARTY TRANSACTIONS
Included within other creditors due in more than one year, is an amount of £400,000 (2021: £175,000) due to Bathurst Limited, a company under the control of the director, P Tily.
The loan is unsecured and interest free.