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REGISTERED NUMBER: 00668782 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Cobra Braiding Machinery Ltd

Cobra Braiding Machinery Ltd (Registered number: 00668782)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Cobra Braiding Machinery Ltd (Registered number: 00668782)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 324,309 237,794
324,309 237,794

CURRENT ASSETS
Stocks 160,371 189,114
Debtors 6 112,896 188,213
Cash at bank and in hand 828,060 703,515
1,101,327 1,080,842
CREDITORS
Amounts falling due within one year 7 368,143 548,100
NET CURRENT ASSETS 733,184 532,742
TOTAL ASSETS LESS CURRENT LIABILITIES 1,057,493 770,536

PROVISIONS FOR LIABILITIES 16,851 -
NET ASSETS 1,040,642 770,536

CAPITAL AND RESERVES
Called up share capital 8,431 8,431
Revaluation reserve 8 257,310 169,710
Capital redemption reserve 4,171 4,171
Retained earnings 770,730 588,224
SHAREHOLDERS' FUNDS 1,040,642 770,536

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Cobra Braiding Machinery Ltd (Registered number: 00668782)

Balance Sheet - continued
30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 November 2023 and were signed by:





Mr J N Hyde - Director


Cobra Braiding Machinery Ltd (Registered number: 00668782)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Cobra Braiding Machinery Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00668782

Registered office: Eaton Bank Industrial Estate
Congleton
Cheshire
CW12 1PL

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied.

Goodwill
Goodwill has been fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 Profit and Loss Account, 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.

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.

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.

Cobra Braiding Machinery Ltd (Registered number: 00668782)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 9,500
AMORTISATION
At 1 October 2022
and 30 September 2023 9,500
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 October 2022 210,000 54,574 17,959
Additions - 9,475 -
Revaluations 75,000 - -
At 30 September 2023 285,000 64,049 17,959
DEPRECIATION
At 1 October 2022 12,600 46,272 13,640
Charge for year - 4,444 648
Revaluation adjustments (12,600 ) - -
At 30 September 2023 - 50,716 14,288
NET BOOK VALUE
At 30 September 2023 285,000 13,333 3,671
At 30 September 2022 197,400 8,302 4,319

Cobra Braiding Machinery Ltd (Registered number: 00668782)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 October 2022 46,000 6,315 334,848
Additions - 1,970 11,445
Revaluations - - 75,000
At 30 September 2023 46,000 8,285 421,293
DEPRECIATION
At 1 October 2022 20,125 4,417 97,054
Charge for year 6,469 969 12,530
Revaluation adjustments - - (12,600 )
At 30 September 2023 26,594 5,386 96,984
NET BOOK VALUE
At 30 September 2023 19,406 2,899 324,309
At 30 September 2022 25,875 1,898 237,794

Cost or valuation at 30 September 2023 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2010 139,500 - -
Valuation in 2019 35,000 - -
Valuation in 2023 75,000 - -
Cost 35,500 64,049 17,959
285,000 64,049 17,959

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2010 - - 139,500
Valuation in 2019 - - 35,000
Valuation in 2023 - - 75,000
Cost 46,000 8,285 171,793
46,000 8,285 421,293

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 66,731 149,746
Other debtors 46,165 38,467
112,896 188,213

Cobra Braiding Machinery Ltd (Registered number: 00668782)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 152,669 174,171
Taxation and social security 96,447 67,971
Other creditors 119,027 305,958
368,143 548,100

8. RESERVES
Revaluation
reserve
£   
At 1 October 2022 169,710
Revaluation 75,000
Depreciation on revaluation 12,600

At 30 September 2023 257,310