Company Registration No. 13630654 (England and Wales)
Cotswold Groundcare Machinery Ltd
Unaudited accounts
for the year ended 30 September 2023
Cotswold Groundcare Machinery Ltd
Unaudited accounts
Contents
Cotswold Groundcare Machinery Ltd
Company Information
for the year ended 30 September 2023
Directors
Nicholas Jones
Lisa Mustoe
Company Number
13630654 (England and Wales)
Registered Office
37 COTSWOLD ROAD
CHELTENHAM
Gloucestershire
GL52 5EL
ENGLAND
Accountants
MAB Accountancy Hub Ltd
82 Station Road
Bishops Cleeve
Cheltenham
Gloucestershire
GL52 8HJ
Cotswold Groundcare Machinery Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
41,517
25,740
Cash at bank and in hand
30,459
15,176
Creditors: amounts falling due within one year
(40,307)
(27,465)
Net current liabilities
(3,765)
(8,082)
Called up share capital
10
10
Profit and loss account
37,742
17,648
Shareholders' funds
37,752
17,658
For the year ending 30 September 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 17 November 2023 and were signed on its behalf by
Nicholas Jones
Director
Company Registration No. 13630654
Cotswold Groundcare Machinery Ltd
Notes to the Accounts
for the year ended 30 September 2023
Cotswold Groundcare Machinery Ltd is a private company, limited by shares, registered in England and Wales, registration number 13630654. The registered office is 37 COTSWOLD ROAD, CHELTENHAM, Gloucestershire, GL52 5EL, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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.
4
Tangible fixed assets
Plant & machinery
At 30 September 2023
55,028
Surplus on revaluation
(796)
At 30 September 2023
13,511
At 30 September 2023
41,517
At 30 September 2022
25,740
Cotswold Groundcare Machinery Ltd
Notes to the Accounts
for the year ended 30 September 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
2,554
4,233
Taxes and social security
1,572
4,492
Loans from directors
33,416
17,350
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).