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REGISTERED NUMBER: 06048694 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

COTSWOLD FLUIDPOWER LIMITED

COTSWOLD FLUIDPOWER LIMITED (REGISTERED NUMBER: 06048694)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COTSWOLD FLUIDPOWER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: B Umney





REGISTERED OFFICE: Unit 2B , The Brunel Centre
Stroudwater Business Park , Brunel Way
Stonehouse
Gloucestershire
GL10 3RU





REGISTERED NUMBER: 06048694 (England and Wales)





ACCOUNTANTS: Shiner Mitchell Fisher & Co Ltd
Smith House
George Street
Nailsworth
Stroud
Gloucestershire
GL6 0AG

COTSWOLD FLUIDPOWER LIMITED (REGISTERED NUMBER: 06048694)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 776,268 749,610

CURRENT ASSETS
Stocks 950,586 584,273
Debtors 5 721,716 596,448
Cash at bank 21,349 12,118
1,693,651 1,192,839
CREDITORS
Amounts falling due within one year 6 1,596,212 1,186,361
NET CURRENT ASSETS 97,439 6,478
TOTAL ASSETS LESS CURRENT
LIABILITIES

873,707

756,088

CREDITORS
Amounts falling due after more than one
year

7

(235,510

)

(280,858

)

PROVISIONS FOR LIABILITIES (62,150 ) (55,230 )
NET ASSETS 576,047 420,000

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 576,046 419,999
SHAREHOLDERS' FUNDS 576,047 420,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

COTSWOLD FLUIDPOWER LIMITED (REGISTERED NUMBER: 06048694)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 November 2023 and were signed by:





B Umney - Director


COTSWOLD FLUIDPOWER LIMITED (REGISTERED NUMBER: 06048694)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Cotswold Fluidpower Limited 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.

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 - 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.

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.

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.

COTSWOLD FLUIDPOWER LIMITED (REGISTERED NUMBER: 06048694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 909,542
Additions 118,746
At 28 February 2023 1,028,288
DEPRECIATION
At 1 March 2022 159,932
Charge for year 92,088
At 28 February 2023 252,020
NET BOOK VALUE
At 28 February 2023 776,268
At 28 February 2022 749,610

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

Plant and
machinery
etc
£   
COST
At 1 March 2022 764,311
Additions 106,000
At 28 February 2023 870,311
DEPRECIATION
At 1 March 2022 91,123
Charge for year 79,438
At 28 February 2023 170,561
NET BOOK VALUE
At 28 February 2023 699,750
At 28 February 2022 673,188

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 693,264 535,547
Other debtors 28,452 60,901
721,716 596,448

COTSWOLD FLUIDPOWER LIMITED (REGISTERED NUMBER: 06048694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 9,105 12,095
Hire purchase contracts 126,933 130,005
Trade creditors 649,589 431,039
Taxation and social security 140,417 88,691
Other creditors 670,168 524,531
1,596,212 1,186,361

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 235,510 280,858

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £32,000 (2022 - £44,000) were paid to the director .

During the year the company continued to receive funding from the director of the company. The loan is interest free and has no set repayment dates. As at 28th February 2023 the director was owed £30,422 (2022 - £60,345).

9. ULTIMATE CONTROLLING PARTY

The controlling party is B Umney.