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Company Registration No. 2057769 (England and Wales)
J. Cooney Limited Unaudited accounts for the year ended 30 June 2023
J. Cooney Limited Unaudited accounts Contents
Page
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J. Cooney Limited Company Information for the year ended 30 June 2023
Directors
James Patrick Cooney James Charles Cooney Catherine Cooney
Secretary
James Patrick Cooney
Company Number
2057769 (England and Wales)
Registered Office
Albion Road Rochdale Lancashire OL11 4HQ
Accountants
Amel (UK) Limited 54 Parkstone Avenue Whitefield Manchester M45 7QH
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J. Cooney Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
758,215 
521,137 
Current assets
Inventories
554,000 
378,500 
Debtors
525,662 
456,264 
Cash at bank and in hand
636,203 
852,263 
1,715,865 
1,687,027 
Creditors: amounts falling due within one year
(462,607)
(396,133)
Net current assets
1,253,258 
1,290,894 
Total assets less current liabilities
2,011,473 
1,812,031 
Provisions for liabilities
Deferred tax
(52,055)
(57,946)
Net assets
1,959,418 
1,754,085 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,959,318 
1,753,985 
Shareholders' funds
1,959,418 
1,754,085 
For the year ending 30 June 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 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 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 of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by
James Patrick Cooney Director Company Registration No. 2057769
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J. Cooney Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
J. Cooney Limited is a private company, limited by shares, registered in England and Wales, registration number 2057769. The registered office is Albion Road, Rochdale, Lancashire, OL11 4HQ.
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:
Land & buildings
0.0%
Plant & machinery
25.0% on a straight line basis
Motor vehicles
25.0% on a straight line basis
Computer equipment
25.0% on a straight line basis
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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J. Cooney Limited Notes to the Accounts for the year ended 30 June 2023
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. During the year there was a directors pension contribution of £220,000.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2022
175,840 
1,384,626 
830,450 
42,555 
2,433,471 
Additions
292,829 
23,932 
82,490 
1,145 
400,396 
Disposals
- 
(56,408)
(60,884)
- 
(117,292)
At 30 June 2023
468,669 
1,352,150 
852,056 
43,700 
2,716,575 
Depreciation
At 1 July 2022
- 
1,129,324 
746,460 
36,550 
1,912,334 
Charge for the year
- 
119,554 
40,024 
3,288 
162,866 
On disposals
- 
(55,956)
(60,884)
- 
(116,840)
At 30 June 2023
- 
1,192,922 
725,600 
39,838 
1,958,360 
Net book value
At 30 June 2023
468,669 
159,228 
126,456 
3,862 
758,215 
At 30 June 2022
175,840 
255,302 
83,990 
6,005 
521,137 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
459,234 
391,407 
Accrued income and prepayments
66,428 
64,757 
Other debtors
- 
100 
525,662 
456,264 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
151,215 
208,569 
Taxes and social security
96,952 
37,584 
Other creditors
6,916 
6,364 
Loans from directors
2,195 
3,815 
Accruals
205,329 
139,801 
462,607 
396,133 
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J. Cooney Limited Notes to the Accounts for the year ended 30 June 2023
7
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
52,055 
57,946 
2023 
2022 
£ 
£ 
Provision at start of year
57,946 
70,138 
Credited to the profit and loss account
(5,891)
(12,192)
Provision at end of year
52,055 
57,946 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
During the year the company made the following related party transactions: Cooney Construction Limited (immediate and ultimate parent company) Cooney Construction Limited is a dormant company which holds 100% of the share capital of J. Cooney Limited. At the balance sheet date the amount due (to)/from Cooney Construction Limited was (£1254); 2022 - (£1012) Mr J.P. Cooney and Mr J.C.Cooney (Directors of J. Cooney Limited) Land at Albion Road, Sparthbottom Road and Norman Road is owned jointly by Mr J.P. Cooney and Mr J.C. Cooney who are directors of the company. The land is rented at a market value of £90,000 per annum (2022 - £90,000). At the balance sheet date there was an accrual of rent due to Mr J.P. Cooney and Mr J.C. Cooney of (£187,500) (2022 - £97,500) At the balance sheet date there is a loan owed to the director of £2,195.
10
Controlling party
The company is controlled by Cooney Construction Limited which is the immediate and ultimate parent company and holds 100% of the share capital of J. Cooney Limited
11
Average number of employees
During the year the average number of employees was 26 (2022: 27).
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