IRIS Accounts Production v23.3.0.418 01289566 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 Ordinary D 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure012895662022-02-28012895662023-02-28012895662022-03-012023-02-28012895662021-02-28012895662021-03-012022-02-28012895662022-02-2801289566ns16:EnglandWales2022-03-012023-02-2801289566ns15:PoundSterling2022-03-012023-02-2801289566ns11:Director12022-03-012023-02-2801289566ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2801289566ns11:SmallEntities2022-03-012023-02-2801289566ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-2801289566ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2801289566ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2801289566ns11:FullAccounts2022-03-012023-02-280128956612022-03-012023-02-2801289566ns11:OrdinaryShareClass12022-03-012023-02-2801289566ns11:OrdinaryShareClass22022-03-012023-02-2801289566ns11:OrdinaryShareClass32022-03-012023-02-2801289566ns11:OrdinaryShareClass42022-03-012023-02-2801289566ns11:Director22022-03-012023-02-2801289566ns11:CompanySecretary12022-03-012023-02-2801289566ns11:RegisteredOffice2022-03-012023-02-2801289566ns6:CurrentFinancialInstruments2023-02-2801289566ns6:CurrentFinancialInstruments2022-02-2801289566ns6:Non-currentFinancialInstruments2023-02-2801289566ns6:Non-currentFinancialInstruments2022-02-2801289566ns6:ShareCapital2023-02-2801289566ns6:ShareCapital2022-02-2801289566ns6:RetainedEarningsAccumulatedLosses2023-02-2801289566ns6:RetainedEarningsAccumulatedLosses2022-02-2801289566ns6:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2801289566ns6:OwnedOrFreeholdAssetsns6:LandBuildings2022-03-012023-02-2801289566ns6:ShortLeaseholdAssetsns6:LandBuildings2022-03-012023-02-2801289566ns6:PlantMachinery2022-03-012023-02-2801289566ns6:FurnitureFittings2022-03-012023-02-2801289566ns6:MotorVehicles2022-03-012023-02-2801289566ns6:ComputerEquipment2022-03-012023-02-2801289566ns6:IntangibleAssetsOtherThanGoodwill2022-02-2801289566ns6:IntangibleAssetsOtherThanGoodwill2023-02-2801289566ns6:IntangibleAssetsOtherThanGoodwill2022-02-2801289566ns6:LandBuildings2022-02-2801289566ns6:PlantMachinery2022-02-2801289566ns6:LandBuildings2022-03-012023-02-2801289566ns6:LandBuildings2023-02-2801289566ns6:PlantMachinery2023-02-2801289566ns6:LandBuildings2022-02-2801289566ns6:PlantMachinery2022-02-2801289566ns6:CostValuation2022-02-2801289566ns6:RevaluationsIncreaseDecreaseInInvestments2023-02-2801289566ns6:CostValuation2023-02-2801289566ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-2801289566ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-2801289566ns11:OrdinaryShareClass12023-02-2801289566ns11:OrdinaryShareClass22023-02-2801289566ns11:OrdinaryShareClass32023-02-2801289566ns11:OrdinaryShareClass42023-02-28
REGISTERED NUMBER: 01289566 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

COOKES BAND INSTRUMENTS LIMITED

COOKES BAND INSTRUMENTS LIMITED (REGISTERED NUMBER: 01289566)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COOKES BAND INSTRUMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mr M B Morrison
Mr M S Hedge





SECRETARY: Mr J R Sharman





REGISTERED OFFICE: 34 St Benedicts Street
Norwich
Norfolk
NR2 4AQ





REGISTERED NUMBER: 01289566 (England and Wales)





ACCOUNTANTS: LEES
Chartered Certified Accountants
Ingram House
Meridian Way
Norwich
Norfolk
NR7 0TA

COOKES BAND INSTRUMENTS LIMITED (REGISTERED NUMBER: 01289566)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 55,192 54,061
Investments 6 2,425 1,833
57,617 55,894

CURRENT ASSETS
Stocks 163,954 139,850
Debtors 7 33,199 24,511
Cash at bank and in hand 1,625 19,695
198,778 184,056
CREDITORS
Amounts falling due within one year 8 194,743 143,627
NET CURRENT ASSETS 4,035 40,429
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,652

96,323

CREDITORS
Amounts falling due after more than one
year

9

30,000

50,000
NET ASSETS 31,652 46,323

CAPITAL AND RESERVES
Called up share capital 10 15,400 15,400
Retained earnings 16,252 30,923
SHAREHOLDERS' FUNDS 31,652 46,323

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 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.

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 Statement of Income and Retained Earnings 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 M S Hedge - Director


COOKES BAND INSTRUMENTS LIMITED (REGISTERED NUMBER: 01289566)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Cookes Band Instruments Limited is a private company, limited 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

The website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - land has not been depreciated
Improvements to leasehold premises - 4% on cost
Plant and machinery - 15% on cost
Fixtures & equipment - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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 Statement of Income and Retained Earnings, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

COOKES BAND INSTRUMENTS LIMITED (REGISTERED NUMBER: 01289566)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued

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.

Investments
Fixed asset investments are stated at market value at the year end.

3. EMPLOYEES

The average number of employees during the year was 4 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2022
and 28 February 2023 7,665
AMORTISATION
At 1 March 2022
and 28 February 2023 7,665
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 171,327 145,199 316,526
Additions - 6,615 6,615
Disposals - (90,757 ) (90,757 )
At 28 February 2023 171,327 61,057 232,384
DEPRECIATION
At 1 March 2022 127,364 135,101 262,465
Charge for year 952 3,267 4,219
Eliminated on disposal - (89,492 ) (89,492 )
At 28 February 2023 128,316 48,876 177,192
NET BOOK VALUE
At 28 February 2023 43,011 12,181 55,192
At 28 February 2022 43,963 10,098 54,061

Included in cost of land and buildings is freehold land of £ 34,989 (2022 - £ 34,989 ) which is not depreciated.

COOKES BAND INSTRUMENTS LIMITED (REGISTERED NUMBER: 01289566)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2022 1,833
Revaluations 592
At 28 February 2023 2,425
NET BOOK VALUE
At 28 February 2023 2,425
At 28 February 2022 1,833

Cost or valuation at 28 February 2023 is represented by:

Other
investments
£   
Valuation in 2023 2,425

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 6,019 6,019

Fixed asset investments were valued on an open market basis on 28 February 2023.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,829 6,306
Other debtors 24,370 18,205
33,199 24,511

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 41,515 5,275
Trade creditors 68,295 44,963
Taxation and social security 4,209 15,322
Other creditors 80,724 78,067
194,743 143,627

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 30,000 50,000

COOKES BAND INSTRUMENTS LIMITED (REGISTERED NUMBER: 01289566)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
14,000 Ordinary A £1 14,000 14,000
600 Ordinary B £1 600 600
700 Ordinary C £1 700 700
100 Ordinary D £1 100 100
15,400 15,400