Registration number:
Cotswold Raw Limited
for the Year Ended 31 March 2023
Cotswold Raw Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Cotswold Raw Limited
Company Information
Directors |
A W Brierley M D Lewis C J Brierley S Appell |
Company secretary |
M D Lewis |
Registered office |
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Cotswold Raw Limited
(Registration number: 08464581)
Balance Sheet as at 31 March 2023
Note |
2023 |
2022 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Investments |
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- |
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Debtors |
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- |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets/(liabilities) |
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( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
170 |
170 |
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Share premium reserve |
1,253,810 |
1,253,810 |
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Retained earnings |
(454,346) |
(790,333) |
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Shareholders' funds |
799,634 |
463,647 |
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.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Cotswold Raw Limited
(Registration number: 08464581)
Balance Sheet as at 31 March 2023
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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Cotswold Raw Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
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.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Cotswold Raw Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
Tax
Tax at the applicable rate is based on taxable profit for the year. Taxable profit differs from reported profit because of items of income and expense that are taxable or deductible in different periods and items that are never taxable or deductible.
Deferred tax is recognised on timing differences between the carrying value of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for deductible timing differences to the extent that it is probable that taxable profits will be available against which those timing differences can be utilised.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any accumulated depreciation and impairment losses.
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 |
Office Equipment |
20% Reducing Balance |
Plant & Machinery |
10% Reducing Balance |
Motor Vehicles |
20% Reducing Balance |
Intangible assets
Intangible assets (including licences and patents) are stated at cost less amortisation. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Intellectual Property - Brand Image |
20% Straight Line |
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Cotswold Raw Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
Intangible assets |
Total |
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Cost or valuation |
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At 1 April 2022 |
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Additions |
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At 31 March 2023 |
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Amortisation |
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At 1 April 2022 |
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Amortisation charge |
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At 31 March 2023 |
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Carrying amount |
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At 31 March 2023 |
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At 31 March 2022 |
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Cotswold Raw Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
Tangible assets |
Plant and machinery |
Office equipment |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 April 2022 |
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Additions |
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Disposals |
( |
- |
( |
( |
At 31 March 2023 |
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Depreciation |
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At 1 April 2022 |
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Charge for the year |
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Eliminated on disposal |
( |
- |
( |
( |
At 31 March 2023 |
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Carrying amount |
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At 31 March 2023 |
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At 31 March 2022 |
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Investments |
2023 |
2022 |
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Investments in subsidiaries |
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- |
Subsidiaries |
£ |
Cost or valuation |
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Additions |
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Provision |
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Carrying amount |
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At 31 March 2023 |
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Cotswold Raw Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2023 |
2022 |
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Subsidiary undertakings |
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Unit 28a Weston Industrial Estate, Honeybourne, Evesham, England, WR11 7QB United Kingdom |
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Unit 28a Weston Industrial Estate, Honeybourne, Evesham, England, WR11 7QB United Kingdom |
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Unit 28a Weston Industrial Estate, Honeybourne, Evesham, England, WR11 7QB United Kingdom |
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Stocks |
2023 |
2022 |
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Raw materials, work in progress and finished goods |
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Debtors |
Current |
2023 |
2022 |
Trade debtors |
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Prepayments |
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Other debtors |
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Cotswold Raw Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
Non-current |
2023 |
2022 |
Other debtors |
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- |
Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
2022 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
Note |
2023 |
2022 |
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Due after one year |
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Loans and borrowings |
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The company has granted an all assets debenture to secure its borrowings from National Westminster Bank Plc.
Loans and borrowings |
2023 |
2022 |
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Non-current loans and borrowings |
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Bank borrowings |
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HP Liabilities |
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Cotswold Raw Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
2023 |
2022 |
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Current loans and borrowings |
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Bank borrowings |
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Hire purchase contracts |
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Other borrowings |
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Bank borrowings
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Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
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170 |
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170 |