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Company Registration No. 09719151 (England and Wales)
Cobern Builders Limited Unaudited accounts for the year ended 31 March 2023
Cobern Builders Limited Unaudited accounts Contents
Page
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Cobern Builders Limited Company Information for the year ended 31 March 2023
Director
Timothy Chan
Company Number
09719151 (England and Wales)
Registered Office
SUITE 5, CROWOOD HOUSE GIPSY LANE SWINDON WILTS SN2 8YY ENGLAND
Accountants
Accounts On Us Ltd Suite 5, Crowood House Gipsy Lane Swindon Wilts SN2 8YY
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Cobern Builders Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
328 
1,460 
Current assets
Debtors
53,213 
13,947 
Cash at bank and in hand
787 
506 
54,000 
14,453 
Creditors: amounts falling due within one year
(65,547)
(1,353)
Net current (liabilities)/assets
(11,547)
13,100 
Total assets less current liabilities
(11,219)
14,560 
Creditors: amounts falling due after more than one year
(61,000)
(61,611)
Net liabilities
(72,219)
(47,051)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(72,319)
(47,151)
Shareholders' funds
(72,219)
(47,051)
For the year ending 31 March 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 31 October 2023 and were signed on its behalf by
Timothy Chan Director Company Registration No. 09719151
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Cobern Builders Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Cobern Builders Limited is a private company, limited by shares, registered in England and Wales, registration number 09719151. The registered office is SUITE 5, CROWOOD HOUSE, GIPSY LANE, SWINDON, WILTS, SN2 8YY, 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.
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.
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:
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
1,880 
320 
2,200 
Additions
- 
334 
334 
Disposals
(1,880)
(320)
(2,200)
At 31 March 2023
- 
334 
334 
Depreciation
At 1 April 2022
676 
64 
740 
Charge for the year
- 
6 
6 
On disposals
(676)
(64)
(740)
At 31 March 2023
- 
6 
6 
Net book value
At 31 March 2023
- 
328 
328 
At 31 March 2022
1,204 
256 
1,460 
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Cobern Builders Limited Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
393 
- 
Trade debtors
38,873 
- 
39,266 
- 
Amounts falling due after more than one year
Other debtors
13,947 
13,947 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
1,353 
Trade creditors
24,321 
- 
Taxes and social security
5,455 
- 
Other creditors
1,792 
- 
Loans from directors
30,259 
- 
Accruals
3,720 
- 
65,547 
1,353 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
25,000 
25,000 
Loans from directors
36,000 
36,611 
61,000 
61,611 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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