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REGISTERED NUMBER: 03949651 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

T.J. Cockroft Ltd

T.J. Cockroft Ltd (Registered number: 03949651)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


T.J. Cockroft Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mr J Cockroft





REGISTERED OFFICE: Unit 3, North Lynn Business Village
Bergen Way
North Lynn Industrial Estate
King's Lynn
PE30 2JG





BUSINESS ADDRESS: 51 Lerowe Road
Wisbech
Cambridgeshire
PE13 3QL





REGISTERED NUMBER: 03949651 (England and Wales)





ACCOUNTANTS: Steve Pye & Co.
Chartered Certified Accountants
Unit 3
North Lynn Business Village
Bergen Way
King's Lynn
Norfolk
PE30 2JG

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
T.J. Cockroft Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of T.J. Cockroft Ltd for the year ended 31 July 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of T.J. Cockroft Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of T.J. Cockroft Ltd and state those matters that we have agreed to state to the director of T.J. Cockroft Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that T.J. Cockroft Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of T.J. Cockroft Ltd. You consider that T.J. Cockroft Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of T.J. Cockroft Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Steve Pye & Co.
Chartered Certified Accountants
Unit 3
North Lynn Business Village
Bergen Way
King's Lynn
Norfolk
PE30 2JG


25 October 2023

T.J. Cockroft Ltd (Registered number: 03949651)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 97,192 4,932
97,192 4,932

CURRENT ASSETS
Stocks 9,874 14,354
Debtors 7 4,428 23,974
Cash at bank and in hand 10,799 60,681
25,101 99,009
CREDITORS
Amounts falling due within one year 8 138,978 102,143
NET CURRENT LIABILITIES (113,877 ) (3,134 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,685

)

1,798

PROVISIONS FOR LIABILITIES 354 937
NET (LIABILITIES)/ASSETS (17,039 ) 861

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (17,139 ) 761
(17,039 ) 861

T.J. Cockroft Ltd (Registered number: 03949651)

Balance Sheet - continued
31 July 2023


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

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

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 October 2023 and were signed by:





Mr J Cockroft - Director


T.J. Cockroft Ltd (Registered number: 03949651)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

T.J. Cockroft 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made are as follows:

Useful economic lives of tangible fixed assets.

The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually and are amended when necessary to reflect current estimates, based on technological advancement, future investment, economic utilisation and the physical conditions of the assets.

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
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful life of the goodwill of twenty 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

T.J. Cockroft Ltd (Registered number: 03949651)

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

3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to pe paid or received. Other debt instruments are initially measured at the present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.
.

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
Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

T.J. Cockroft Ltd (Registered number: 03949651)

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 50,000
AMORTISATION
At 1 August 2022
and 31 July 2023 50,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

6. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 August 2022 - 13,354 20,490 33,844
Additions 95,330 - - 95,330
Disposals - (907 ) (10,200 ) (11,107 )
At 31 July 2023 95,330 12,447 10,290 118,067
DEPRECIATION
At 1 August 2022 - 12,674 16,238 28,912
Charge for year - 163 457 620
Eliminated on disposal - (878 ) (7,779 ) (8,657 )
At 31 July 2023 - 11,959 8,916 20,875
NET BOOK VALUE
At 31 July 2023 95,330 488 1,374 97,192
At 31 July 2022 - 680 4,252 4,932

T.J. Cockroft Ltd (Registered number: 03949651)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 21,806
Other debtors 4,428 2,168
4,428 23,974

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 30,977
Taxation and social security - 8,601
Other creditors 138,978 62,565
138,978 102,143