Registered number
09054457
Richard Cooper and Son Ltd
Filleted Accounts
31 May 2023
Richard Cooper and Son Ltd
Registered number: 09054457
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 10,600 10,600
Tangible assets 4 21,745 21,998
32,345 32,598
Current assets
Debtors 5 1,049 2,005
Cash at bank and in hand 1,312 2,210
2,361 4,215
Creditors: amounts falling due within one year 6 (7,697) (4,509)
Net current liabilities (5,336) (294)
Total assets less current liabilities 27,009 32,304
Creditors: amounts falling due after more than one year 7 (33,385) (28,838)
Net (liabilities)/assets (6,376) 3,466
Capital and reserves
Profit and loss account (6,376) 3,466
Shareholder's funds (6,376) 3,466
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Richard Cooper
Director
Approved by the board on 6 December 2023
Richard Cooper and Son Ltd
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2022 10,600
At 31 May 2023 10,600
Amortisation
At 31 May 2023 -
Net book value
At 31 May 2023 10,600
At 31 May 2022 10,600
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2022 53,148 2,308 55,456
Additions 29,495 - 29,495
Disposals (22,500) - (22,500)
At 31 May 2023 60,143 2,308 62,451
Depreciation
At 1 June 2022 31,454 2,004 33,458
Charge for the year 7,172 76 7,248
At 31 May 2023 38,626 2,080 40,706
Net book value
At 31 May 2023 21,517 228 21,745
At 31 May 2022 21,694 304 21,998
5 Debtors 2023 2022
£ £
Trade debtors 1,049 2,005
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,484 1,609
Taxation and social security costs - 653
Other creditors 4,213 2,247
7,697 4,509
7 Creditors: amounts falling due after one year 2023 2022
£ £
VW Financial Services 26,458 19,483
Bounce Back Loan 6,927 9,355
33,385 28,838
8 Other information
Richard Cooper and Son Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Little Owlswick
The Street
Aylmerton
Norwich
NR11 8AA
Richard Cooper and Son Ltd 09054457 false 2022-06-01 2023-05-31 2023-05-31 VT Final Accounts October 2023 release 2 Richard Cooper No description of principal activity 09054457 2021-06-01 2022-05-31 09054457 core:WithinOneYear 2022-05-31 09054457 core:AfterOneYear 2022-05-31 09054457 core:RetainedEarningsAccumulatedLosses 2022-05-31 09054457 2022-06-01 2023-05-31 09054457 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 09054457 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 09054457 bus:Director40 2022-06-01 2023-05-31 09054457 1 2022-06-01 2023-05-31 09054457 2 2022-06-01 2023-05-31 09054457 core:PlantMachinery 2022-06-01 2023-05-31 09054457 core:Vehicles 2022-06-01 2023-05-31 09054457 countries:England 2022-06-01 2023-05-31 09054457 bus:FRS102 2022-06-01 2023-05-31 09054457 bus:FullAccounts 2022-06-01 2023-05-31 09054457 2023-05-31 09054457 core:WithinOneYear 2023-05-31 09054457 core:AfterOneYear 2023-05-31 09054457 core:RetainedEarningsAccumulatedLosses 2023-05-31 09054457 core:Goodwill 2023-05-31 09054457 core:PlantMachinery 2023-05-31 09054457 core:Vehicles 2023-05-31 09054457 2022-05-31 09054457 core:Goodwill 2022-05-31 09054457 core:PlantMachinery 2022-05-31 09054457 core:Vehicles 2022-05-31 iso4217:GBP xbrli:pure