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REGISTERED NUMBER: 08401548 (England and Wales)














Financial Statements for the Year Ended 27 February 2023

for

Cosmoco Limited

Cosmoco Limited (Registered number: 08401548)






Contents of the Financial Statements
for the Year Ended 27 February 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Cosmoco Limited

Company Information
for the Year Ended 27 February 2023







DIRECTORS: Mr J R G Copeland
Mrs A M E Copeland
Mr F J Copeland





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 08401548 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Cosmoco Limited (Registered number: 08401548)

Statement of Financial Position
27 February 2023

27.2.23 27.2.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 339,702 354,279

CURRENT ASSETS
Debtors 5 230,171 304,839
Prepayments and accrued income - 33,753
Cash at bank 214,569 278,352
444,740 616,944
CREDITORS
Amounts falling due within one year 6 30,736 298
NET CURRENT ASSETS 414,004 616,646
TOTAL ASSETS LESS CURRENT LIABILITIES 753,706 970,925

CREDITORS
Amounts falling due after more than one year 7 216,767 215,340
NET ASSETS 536,939 755,585

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 8 (2,070 ) 10,930
Retained earnings 538,009 743,655
536,939 755,585

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 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.

Cosmoco Limited (Registered number: 08401548)

Statement of Financial Position - continued
27 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 Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:




Mr J R G Copeland - Director Mrs A M E Copeland - Director




Mr E J Copeland - Director


Cosmoco Limited (Registered number: 08401548)

Notes to the Financial Statements
for the Year Ended 27 February 2023

1. STATUTORY INFORMATION

Cosmoco Limited is a private company, registered 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 as modified by the revaluation of certain assets.

Turnover
Revenue 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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 statement of financial position date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Cosmoco Limited (Registered number: 08401548)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 28 February 2022 346,000 452 5,950 6,011 358,413
Revaluations (13,000 ) - - - (13,000 )
At 27 February 2023 333,000 452 5,950 6,011 345,413
DEPRECIATION
At 28 February 2022 - 282 1,196 2,656 4,134
Charge for year - 25 713 839 1,577
At 27 February 2023 - 307 1,909 3,495 5,711
NET BOOK VALUE
At 27 February 2023 333,000 145 4,041 2,516 339,702
At 27 February 2022 346,000 170 4,754 3,355 354,279

Cost or valuation at 27 February 2023 is represented by:

Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Valuation in 2023 333,000 452 5,950 6,011 345,413

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.23 27.2.22
£    £   
Trade debtors 3,105 899
Amounts owed by associates 227,066 227,066
Other debtors - 76,874
230,171 304,839

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.23 27.2.22
£    £   
Taxation and social security 29,958 -
Other creditors 778 298
30,736 298

Cosmoco Limited (Registered number: 08401548)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
27.2.23 27.2.22
£    £   
Bank loans 216,767 215,340

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 216,767 215,340

8. RESERVES
Fair
value
reserve
£   
At 28 February 2022 10,930
Revaluation reserve (13,000 )

At 27 February 2023 (2,070 )

9. RELATED PARTY DISCLOSURES

The Directors Mr J R G Copeland, Mrs A M E Copeland and Mr E J Copeland are considered to be the key management personnel.