IRIS Accounts Production v23.3.1.45 10359512 Board of Directors 27.9.21 25.9.22 25.9.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure103595122021-09-26103595122022-09-25103595122021-09-272022-09-25103595122020-09-27103595122020-09-282021-09-26103595122021-09-2610359512ns16:EnglandWales2021-09-272022-09-2510359512ns15:PoundSterling2021-09-272022-09-2510359512ns11:Director12021-09-272022-09-2510359512ns11:PrivateLimitedCompanyLtd2021-09-272022-09-2510359512ns11:SmallEntities2021-09-272022-09-2510359512ns11:AuditExempt-NoAccountantsReport2021-09-272022-09-2510359512ns11:SmallCompaniesRegimeForDirectorsReport2021-09-272022-09-2510359512ns11:SmallCompaniesRegimeForAccounts2021-09-272022-09-2510359512ns11:FullAccounts2021-09-272022-09-2510359512ns11:Director22021-09-272022-09-2510359512ns11:RegisteredOffice2021-09-272022-09-2510359512ns6:CurrentFinancialInstruments2022-09-2510359512ns6:CurrentFinancialInstruments2021-09-2610359512ns6:Non-currentFinancialInstruments2022-09-2510359512ns6:Non-currentFinancialInstruments2021-09-2610359512ns6:ShareCapital2022-09-2510359512ns6:ShareCapital2021-09-2610359512ns6:RetainedEarningsAccumulatedLosses2022-09-2510359512ns6:RetainedEarningsAccumulatedLosses2021-09-2610359512ns6:PlantMachinery2021-09-272022-09-2510359512ns6:LandBuildings2021-09-2610359512ns6:PlantMachinery2021-09-2610359512ns6:LandBuildings2021-09-272022-09-2510359512ns6:LandBuildings2022-09-2510359512ns6:PlantMachinery2022-09-2510359512ns6:LandBuildings2021-09-2610359512ns6:PlantMachinery2021-09-2610359512ns6:WithinOneYearns6:CurrentFinancialInstruments2022-09-2510359512ns6:WithinOneYearns6:CurrentFinancialInstruments2021-09-2610359512ns6:Secured2022-09-2510359512ns6:Secured2021-09-2610359512ns6:DeferredTaxation2021-09-2610359512ns6:DeferredTaxation2022-09-25
REGISTERED NUMBER: 10359512 (England and Wales)















Unaudited Financial Statements

for the Period 27 September 2021 to 25 September 2022

for

The Costs Room Limited

The Costs Room Limited (Registered number: 10359512)






Contents of the Financial Statements
for the Period 27 September 2021 to 25 September 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Costs Room Limited

Company Information
for the Period 27 September 2021 to 25 September 2022







DIRECTORS: K D Ward
Mrs H K Ward





REGISTERED OFFICE: 8 - 10 Church Street
Ormskirk
Lancashire
L39 3AN





REGISTERED NUMBER: 10359512 (England and Wales)





ACCOUNTANTS: Sawyer Quine & Co
Chartered Certified Accountants
202 Merlin Park
Ringtail Road
Burscough
Ormskirk
Lancashire
L40 8JY

The Costs Room Limited (Registered number: 10359512)

Balance Sheet
25 September 2022

25.9.22 26.9.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 191,839 178,098

CURRENT ASSETS
Debtors 5 814,390 582,551
Cash at bank and in hand 1,055,408 944,597
1,869,798 1,527,148
CREDITORS
Amounts falling due within one year 6 1,015,096 921,007
NET CURRENT ASSETS 854,702 606,141
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,046,541

784,239

CREDITORS
Amounts falling due after more than one
year

7

(29,167

)

(39,167

)

PROVISIONS FOR LIABILITIES 9 (2,794 ) (373 )
NET ASSETS 1,014,580 744,699

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,014,480 744,599
1,014,580 744,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 25 September 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 25 September 2022 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 Costs Room Limited (Registered number: 10359512)

Balance Sheet - continued
25 September 2022


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 21 December 2023 and were signed on its behalf by:





K D Ward - Director


The Costs Room Limited (Registered number: 10359512)

Notes to the Financial Statements
for the Period 27 September 2021 to 25 September 2022

1. STATUTORY INFORMATION

The Costs Room 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.

Turnover
Turnover 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 etc - 25% on cost

Taxation
Taxation for the period 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 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 period 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.

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 period was 12 (2021 - 12 ) .

The Costs Room Limited (Registered number: 10359512)

Notes to the Financial Statements - continued
for the Period 27 September 2021 to 25 September 2022

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 27 September 2021 176,134 9,884 186,018
Additions 1,000 16,787 17,787
At 25 September 2022 177,134 26,671 203,805
DEPRECIATION
At 27 September 2021 - 7,920 7,920
Charge for period - 4,046 4,046
At 25 September 2022 - 11,966 11,966
NET BOOK VALUE
At 25 September 2022 177,134 14,705 191,839
At 26 September 2021 176,134 1,964 178,098

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
25.9.22 26.9.21
£    £   
Trade debtors 666,424 522,851
Other debtors 147,966 59,700
814,390 582,551

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
25.9.22 26.9.21
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 342,411 236,337
Taxation and social security 376,212 385,200
Other creditors 286,473 289,470
1,015,096 921,007

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
25.9.22 26.9.21
£    £   
Bank loans 29,167 39,167

8. SECURED DEBTS

The following secured debts are included within creditors:

25.9.22 26.9.21
£    £   
Bank loans 39,167 49,167

The Costs Room Limited (Registered number: 10359512)

Notes to the Financial Statements - continued
for the Period 27 September 2021 to 25 September 2022

9. PROVISIONS FOR LIABILITIES
25.9.22 26.9.21
£    £   
Deferred tax 2,794 373

Deferred
tax
£   
Balance at 27 September 2021 373
Accelerated capital allowances 2,421
Balance at 25 September 2022 2,794