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REGISTERED NUMBER: NI047760 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

COX FOODMARKETS LTD

COX FOODMARKETS LTD (REGISTERED NUMBER: NI047760)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

COX FOODMARKETS LTD

COMPANY INFORMATION
for the Year Ended 31 MARCH 2023







DIRECTORS: Mr N Cox
Mrs S F Cox



SECRETARY: Mrs S F Cox



REGISTERED OFFICE: 10 Topped Mountain Road
Broadfields
Cavanacross Garvary
Enniskillen
Co. Fermanagh
BT94 3DD



REGISTERED NUMBER: NI047760 (Northern Ireland)



ACCOUNTANTS: Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT



BANKERS: Santander
Bridle Road
Bootle

COX FOODMARKETS LTD (REGISTERED NUMBER: NI047760)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,495 108,726

CURRENT ASSETS
Stocks 5 137,230 136,818
Debtors 6 184,138 184,383
Cash at bank and in hand 36,695 59,736
358,063 380,937
CREDITORS
Amounts falling due within one year 7 177,615 172,912
NET CURRENT ASSETS 180,448 208,025
TOTAL ASSETS LESS CURRENT
LIABILITIES

271,943

316,751

CREDITORS
Amounts falling due after more than one
year

8

(34,891

)

(50,881

)

PROVISIONS FOR LIABILITIES (22,267 ) -
NET ASSETS 214,785 265,870

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 214,783 265,868
SHAREHOLDERS' FUNDS 214,785 265,870

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

COX FOODMARKETS LTD (REGISTERED NUMBER: NI047760)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:





Mr N Cox - Director


COX FOODMARKETS LTD (REGISTERED NUMBER: NI047760)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023


1. STATUTORY INFORMATION

Cox Foodmarkets Ltd is a private company, limited by shares , registered in Northern Ireland. 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.
Fixtures and fittings - 15% 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

COX FOODMARKETS LTD (REGISTERED NUMBER: NI047760)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2022 - 23 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 390,362 29,120 419,482
DEPRECIATION
At 1 April 2022 290,850 19,906 310,756
Charge for year 14,927 2,304 17,231
At 31 March 2023 305,777 22,210 327,987
NET BOOK VALUE
At 31 March 2023 84,585 6,910 91,495
At 31 March 2022 99,512 9,214 108,726

5. STOCKS
31.3.23 31.3.22
£    £   
Stocks 137,230 136,818

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 1,438 1,683
Other debtors 182,700 182,700
184,138 184,383

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 6,207 6,207
Hire purchase contracts - 4,014
Trade creditors 156,383 159,247
VAT 12,025 444
Accruals and deferred income 3,000 3,000
177,615 172,912

COX FOODMARKETS LTD (REGISTERED NUMBER: NI047760)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 6,207 6,207
Bank loans - 2-5 years 28,684 33,789
Hire purchase contracts - 10,885
34,891 50,881

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 41,098 46,203

The bank loans and overdraft are secured by way of a fixed and floating charge on all the assets of the company and by way of personal guarantees provided by the directors.

COX FOODMARKETS LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
COX FOODMARKETS LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT


14 November 2023