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REGISTERED NUMBER: 06496701 (England and Wales)















Cobb & Co Accountants Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Cobb & Co Accountants Limited (Registered number: 06496701)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cobb & Co Accountants Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M D Cobb FMAAT
E T E McCabe-Hogan





SECRETARY: Mrs J Cobb





REGISTERED OFFICE: 30 Sleaford Road
Bracebridge Heath
Lincoln
Lincolnshire
LN4 2ND





REGISTERED NUMBER: 06496701 (England and Wales)





ACCOUNTANTS: M.D. Cobb F.M.A.A.T.
Cobb & Co Accountants Limited
30 Sleaford Road
Bracebridge Heath
Lincoln
Lincolnshire
LN4 2ND

Cobb & Co Accountants Limited (Registered number: 06496701)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,499 53,300

CURRENT ASSETS
Stocks 11,245 11,240
Debtors 5 27,733 23,058
Cash at bank 14,495 8,046
53,473 42,344
CREDITORS
Amounts falling due within one year 6 44,203 42,780
NET CURRENT ASSETS/(LIABILITIES) 9,270 (436 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,769

52,864

CREDITORS
Amounts falling due after more than one
year

7

(32,944

)

(36,980

)

PROVISIONS FOR LIABILITIES (9,215 ) (7,221 )
NET ASSETS 15,610 8,663

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 15,508 8,561
SHAREHOLDERS' FUNDS 15,610 8,663

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Cobb & Co Accountants Limited (Registered number: 06496701)

Balance Sheet - continued
31 March 2024


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 3 April 2024 and were signed on its behalf by:




M D Cobb FMAAT - Director



E T E McCabe-Hogan - Director


Cobb & Co Accountants Limited (Registered number: 06496701)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Cobb & Co Accountants 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Office equipment - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year 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 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.

Cobb & Co Accountants Limited (Registered number: 06496701)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 4,635 49,850 16,767 71,252
Additions - - 4,146 4,146
Disposals - - (5,266 ) (5,266 )
At 31 March 2024 4,635 49,850 15,647 70,132
DEPRECIATION
At 1 April 2023 3,823 623 13,506 17,952
Charge for year 122 7,384 626 8,132
Eliminated on disposal - - (4,451 ) (4,451 )
At 31 March 2024 3,945 8,007 9,681 21,633
NET BOOK VALUE
At 31 March 2024 690 41,843 5,966 48,499
At 31 March 2023 812 49,227 3,261 53,300

Cobb & Co Accountants Limited (Registered number: 06496701)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 49,850
DEPRECIATION
At 1 April 2023 623
Charge for year 7,384
At 31 March 2024 8,007
NET BOOK VALUE
At 31 March 2024 41,843
At 31 March 2023 49,227

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 19,573 15,286
Other debtors 8,160 7,772
27,733 23,058

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 4,036 4,036
Trade creditors 289 159
Taxation and social security 7,492 6,298
Other creditors 32,386 32,287
44,203 42,780

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 32,944 36,980

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 36,980 41,016

Cobb & Co Accountants Limited (Registered number: 06496701)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £7,200 (2023 - £7,400) were paid to the directors .

The Company rents the office, the property is owned by Mr M D Cobb, a director. For this the Company paid rent to this director amounting to £12,000 (2023:£10,800), which is shown as Rent in the Company Profit and Loss Account.

10. ULTIMATE CONTROLLING PARTY

The Company is 100% owned and controlled by the directors.