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REGISTERED NUMBER: SC537847 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Cox & Co (Scotland) Ltd

Cox & Co (Scotland) Ltd (Registered number: SC537847)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Cox & Co (Scotland) Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr John Cox





REGISTERED OFFICE: 12 Castle Terrace
Edinburgh
EH1 2DP





REGISTERED NUMBER: SC537847 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

Cox & Co (Scotland) Ltd (Registered number: SC537847)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 7,839
Tangible assets 5 83,192 6,465
83,192 14,304

CURRENT ASSETS
Debtors 6 274,346 133,576
Cash at bank 119,172 90,602
393,518 224,178
CREDITORS
Amounts falling due within one year 7 362,759 375,353
NET CURRENT ASSETS/(LIABILITIES) 30,759 (151,175 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,951

(136,871

)

CREDITORS
Amounts falling due after more than one year 8 (324,540 ) -

PROVISIONS FOR LIABILITIES (20,698 ) -
NET LIABILITIES (231,287 ) (136,871 )

CAPITAL AND RESERVES
Called up share capital 1 -
Share premium 120,000 -
Retained earnings (351,288 ) (136,871 )
(231,287 ) (136,871 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Cox & Co (Scotland) Ltd (Registered number: SC537847)

Statement of Financial Position - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 March 2024 and were signed by:





Mr John Cox - Director


Cox & Co (Scotland) Ltd (Registered number: SC537847)

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

1. STATUTORY INFORMATION

Cox & Co (Scotland) Ltd is a private company, limited by shares , registered in Scotland. 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.

At the balance sheet date, the company's liabilities exceed its assets by £231,287. The financial statements have been prepared on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future. The Directors believe that the financial statements should be prepared on a going concern basis and appropriate funding will be available if required.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost
Computer equipments - 33% on cost

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third
parties.

Debt instruments, including loans and other accounts receivable and payable are initially measured at
transaction price adjusted for transaction costs. They are subsequently recognised at amortised costs using the effective interest method.

Creditors payable within one year, typically trade payables, are measured initially and subsequently at theundiscounted amount of the cash or other consideration expected to be paid.

Debtors payable within one year, typically trade receivables, are measured initially and subsequently at theundiscounted amount of the cash or other consideration expected to be received.

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 statement of financial position date.


Cox & Co (Scotland) Ltd (Registered number: SC537847)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

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 10 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022 7,839
Reclassification/transfer (7,839 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 7,839

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipments Totals
£    £    £    £    £   
COST
At 1 July 2022 400 - - 6,065 6,465
Additions - 2,682 94,831 774 98,287
At 30 June 2023 400 2,682 94,831 6,839 104,752
DEPRECIATION
Charge for year - 345 18,966 2,249 21,560
At 30 June 2023 - 345 18,966 2,249 21,560
NET BOOK VALUE
At 30 June 2023 400 2,337 75,865 4,590 83,192
At 30 June 2022 400 - - 6,065 6,465

Cox & Co (Scotland) Ltd (Registered number: SC537847)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
as restated
£    £   
Other debtors 84,411 -
Other debtors - Buyout 96,000 48,000
Directors' current accounts 90,652 -
Prepayments and accrued income 3,283 85,576
274,346 133,576

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
as restated
£    £   
Bank loans and overdrafts 44,999 165,682
Hire purchase contracts 11,070 -
Trade creditors 2,498 -
Tax 68,399 18,714
Social security and other taxes 49,626 99,955
VAT 103,386 85,426
Other creditors 76,345 1,743
Accrued expenses 6,436 3,833
362,759 375,353

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
as restated
£    £   
Bank loans - 2-5 years 74,124 -
Hire purchase contracts 70,416 -
Other creditors 180,000 -
324,540 -

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
as restated
£    £   
Mr John Cox
Balance outstanding at start of year - -
Amounts advanced 100,630 -
Amounts repaid (9,978 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 90,652 -

This loan is repayable upon demand. Interest is charged on the loan on balances exceeding £10,000. The
interest rate is 2.00%.