Company Registration No. 13124959 (England and Wales)
Cobra Fire and Security Ltd
Unaudited accounts
for the year ended 31 January 2023
Cobra Fire and Security Ltd
Unaudited accounts
Contents
Cobra Fire and Security Ltd
Company Information
for the year ended 31 January 2023
Company Number
13124959 (England and Wales)
Registered Office
17 WASCANA CLOSE
HULL
HU4 7BY
ENGLAND
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Cobra Fire and Security Ltd
Statement of financial position
as at 31 January 2023
Intangible assets
9,537
12,000
Tangible assets
15,668
9,747
Cash at bank and in hand
16,688
12,261
Creditors: amounts falling due within one year
(12,437)
(21,030)
Net current assets
13,591
1,383
Total assets less current liabilities
38,796
23,130
Provisions for liabilities
Deferred tax
(2,977)
(1,852)
Called up share capital
2
2
Profit and loss account
35,817
21,276
Shareholders' funds
35,819
21,278
For the year ending 31 January 2023 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 director acknowledges his 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 and authorised for issue on 8 September 2023 and were signed on its behalf by
MT Winter
Director
Company Registration No. 13124959
Cobra Fire and Security Ltd
Notes to the Accounts
for the year ended 31 January 2023
Cobra Fire and Security Ltd is a private company, limited by shares, registered in England and Wales, registration number 13124959. The registered office is 17 WASCANA CLOSE, HULL, HU4 7BY, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
25% on Cost
Motor vehicles
20% reducing balance
Computer equipment
25% on Cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Cobra Fire and Security Ltd
Notes to the Accounts
for the year ended 31 January 2023
Expenditure on research and development is written off in the year in which it is incurred.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2022
1,614
9,000
856
11,470
Additions
1,248
7,250
868
9,366
At 31 January 2023
2,862
16,250
1,724
20,836
At 1 February 2022
229
1,350
144
1,723
Charge for the year
716
2,497
232
3,445
At 31 January 2023
945
3,847
376
5,168
At 31 January 2023
1,917
12,403
1,348
15,668
At 31 January 2022
1,385
7,650
712
9,747
Amounts falling due within one year
Cobra Fire and Security Ltd
Notes to the Accounts
for the year ended 31 January 2023
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,949
9,199
Loans from directors
6,076
9,813
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).