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Registration number: 06395005

Cowen & Co Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Cowen & Co Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Cowen & Co Limited

Company Information

Director

I J Colebrook

Registered office

53 Northcote Road
St George
Bristol
BS5 8EP

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisers
Spencer House
Morston Court
Aisecome Way
Weston-super-Mare
North Somerset
BS22 8NG

 

Cowen & Co Limited

(Registration number: 06395005)
Balance Sheet
31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

784

1,544

Current assets

 

Debtors

5

4,980

840

Cash at bank and in hand

 

2,120

5,497

 

7,100

6,337

Creditors: Amounts falling due within one year

6

(7,874)

(7,378)

Net current liabilities

 

(774)

(1,041)

Net assets

 

10

503

Capital and reserves

 

Called up share capital

1

1

Retained earnings

9

502

Shareholders' funds

 

10

503

 

Cowen & Co Limited

(Registration number: 06395005)
Balance Sheet
31 March 2023

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 14 November 2023
 

.........................................
I J Colebrook
Director

 

Cowen & Co Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
53 Northcote Road
St George
Bristol
BS5 8EP

These financial statements were authorised for issue by the director on 14 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Cowen & Co Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

Straight line 33%

Furniture,fittings and equipment

Straight line 33%

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2022

1,018

1,287

2,305

At 31 March 2023

1,018

1,287

2,305

Depreciation

At 1 April 2022

336

425

761

Charge for the year

336

424

760

At 31 March 2023

672

849

1,521

Carrying amount

At 31 March 2023

346

438

784

At 31 March 2022

682

862

1,544

 

Cowen & Co Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

5

Debtors

2023
£

2022
£

Trade debtors

4,980

840

4,980

840

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Taxation and social security

 

6,616

4,301

Other creditors

 

1,258

3,077

 

7,874

7,378