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REGISTERED NUMBER: 11596575 (England and Wales)











FINDLEY'S OF COODEN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023






FINDLEY'S OF COODEN LIMITED (REGISTERED NUMBER: 11596575)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


FINDLEY'S OF COODEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTORS: S G White
D Cohen





REGISTERED OFFICE: 20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE





REGISTERED NUMBER: 11596575 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

FINDLEY'S OF COODEN LIMITED (REGISTERED NUMBER: 11596575)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 148,525 171,600
Tangible assets 5 10,396 11,876
158,921 183,476

CURRENT ASSETS
Cash at bank 2,463 4,917

CREDITORS
Amounts falling due within one year 6 282,215 265,721
NET CURRENT LIABILITIES (279,752 ) (260,804 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(120,831

)

(77,328

)

PROVISIONS FOR LIABILITIES - 29
NET LIABILITIES (120,831 ) (77,357 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (120,931 ) (77,457 )
SHAREHOLDERS' FUNDS (120,831 ) (77,357 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

FINDLEY'S OF COODEN LIMITED (REGISTERED NUMBER: 11596575)

BALANCE SHEET - continued
31ST OCTOBER 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 4th March 2024 and were signed on its behalf by:





S G White - Director


FINDLEY'S OF COODEN LIMITED (REGISTERED NUMBER: 11596575)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023


1. STATUTORY INFORMATION

Findley's of Cooden 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, and two further businesses during 2021, being amortised evenly over their estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Grant income recognition
Grant income has been recognised under the performance model.

Grants that do not specify any future performance-related conditions are recorded when the grant proceeds are received or receivable. Any grant that imposes specified future performance-related conditions is recognised only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

FINDLEY'S OF COODEN LIMITED (REGISTERED NUMBER: 11596575)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2022
and 31st October 2023 230,750
AMORTISATION
At 1st November 2022 59,150
Amortisation for year 23,075
At 31st October 2023 82,225
NET BOOK VALUE
At 31st October 2023 148,525
At 31st October 2022 171,600

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st November 2022 16,841 4,517 21,358
Additions 93 682 775
At 31st October 2023 16,934 5,199 22,133
DEPRECIATION
At 1st November 2022 7,854 1,628 9,482
Charge for year 1,362 893 2,255
At 31st October 2023 9,216 2,521 11,737
NET BOOK VALUE
At 31st October 2023 7,718 2,678 10,396
At 31st October 2022 8,987 2,889 11,876

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 30 -
Taxation and social security 15,153 22,855
Other creditors 267,032 242,866
282,215 265,721

FINDLEY'S OF COODEN LIMITED (REGISTERED NUMBER: 11596575)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1.00 100 100

8. RELATED PARTY DISCLOSURES

Within other creditors is £214,080 ( 2022: £198,128) owed to companies which the directors are also directors and shareholders.

The above loans are on interest free basis.

9. GOING CONCERN

The Company is dependent on the continuing support of it's Directors and Financiers.