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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
Page
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Cobra Fire and Security Ltd Company Information for the year ended 31 January 2023
Director
MT Winter
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
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Cobra Fire and Security Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
9,537 
12,000 
Tangible assets
15,668 
9,747 
25,205 
21,747 
Current assets
Inventories
1,100 
1,126 
Debtors
8,240 
9,026 
Cash at bank and in hand
16,688 
12,261 
26,028 
22,413 
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)
Net assets
35,819 
21,278 
Capital and reserves
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
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Cobra Fire and Security Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
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.
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:
Plant & machinery
25% on Cost
Motor vehicles
20% reducing balance
Computer equipment
25% on Cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Inventories
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 taxation
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.
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Cobra Fire and Security Ltd Notes to the Accounts for the year ended 31 January 2023
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Pension costs
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 
£ 
Cost
At 1 February 2022
12,314 
At 31 January 2023
12,314 
Amortisation
At 1 February 2022
314 
Charge for the year
2,463 
At 31 January 2023
2,777 
Net book value
At 31 January 2023
9,537 
At 31 January 2022
12,000 
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 
Depreciation
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 
Net book value
At 31 January 2023
1,917 
12,403 
1,348 
15,668 
At 31 January 2022
1,385 
7,650 
712 
9,747 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,637 
Other debtors
8,240 
6,389 
8,240 
9,026 
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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 
£ 
£ 
VAT
3,412 
1,523 
Trade creditors
- 
495 
Taxes and social security
2,949 
9,199 
Loans from directors
6,076 
9,813 
12,437 
21,030 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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