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REGISTERED NUMBER: 04879317 (England and Wales)















Financial Statements for the Year Ended 31st March 2023

for

Ivor Cook Ltd

Ivor Cook Ltd (Registered number: 04879317)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ivor Cook Ltd

Company Information
for the Year Ended 31st March 2023







DIRECTOR: Mrs V Deakin





REGISTERED OFFICE: 51 Enterprise Way
Newport
NP20 2AQ





REGISTERED NUMBER: 04879317 (England and Wales)

Ivor Cook Ltd (Registered number: 04879317)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 242,440 144,727
242,440 144,727

CURRENT ASSETS
Stocks 123,373 -
Debtors 6 396,058 190,784
Cash at bank and in hand 74,830 126,793
594,261 317,577
CREDITORS
Amounts falling due within one year 7 432,741 250,785
NET CURRENT ASSETS 161,520 66,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

403,960

211,519

CREDITORS
Amounts falling due after more than one
year

8

(33,305

)

(55,509

)

PROVISIONS FOR LIABILITIES (46,064 ) (27,353 )
NET ASSETS 324,591 128,657

CAPITAL AND RESERVES
Called up share capital 11 11
Retained earnings 324,580 128,646
SHAREHOLDERS' FUNDS 324,591 128,657

Ivor Cook Ltd (Registered number: 04879317)

Balance Sheet - continued
31st March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement and Directors report has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th September 2023 and were signed by:





Mrs V Deakin - Director


Ivor Cook Ltd (Registered number: 04879317)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

Ivor Cook Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - at variable rates on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax.

Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Ivor Cook Ltd (Registered number: 04879317)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 41,890
AMORTISATION
At 1st April 2022
and 31st March 2023 41,890
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 -

Ivor Cook Ltd (Registered number: 04879317)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022 315,466
Additions 191,425
Disposals (53,130 )
At 31st March 2023 453,761
DEPRECIATION
At 1st April 2022 170,739
Charge for year 73,805
Eliminated on disposal (33,223 )
At 31st March 2023 211,321
NET BOOK VALUE
At 31st March 2023 242,440
At 31st March 2022 144,727

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1st April 2022 138,095
Disposals (10,953 )
At 31st March 2023 127,142
DEPRECIATION
At 1st April 2022 43,473
Charge for year 22,822
Eliminated on disposal (7,622 )
At 31st March 2023 58,673
NET BOOK VALUE
At 31st March 2023 68,469
At 31st March 2022 94,622

Ivor Cook Ltd (Registered number: 04879317)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 359,625 178,785
Other debtors 36,433 11,999
396,058 190,784

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 34,167 44,167
Trade creditors 310,560 143,929
Taxation and social security 77,984 46,445
Other creditors 10,030 16,244
432,741 250,785

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 33,305 55,509