Company registration number 06539351 (England and Wales)
Alan Cooke Estate Agents Limited
Unaudited
financial statements
for the year ended 30 April 2023
PAGES FOR FILING WITH REGISTRAR
Alan Cooke Estate Agents Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
Alan Cooke Estate Agents Limited
Balance sheet
as at 30 April 2023
30 April 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
90,350
135,525
Tangible assets
4
6,456
5,600
96,806
141,125
Current assets
Debtors
5
8,116
8,733
Cash at bank and in hand
92,496
127,870
100,612
136,603
Creditors: amounts falling due within one year
6
(272,467)
(341,361)
Net current liabilities
(171,855)
(204,758)
Total assets less current liabilities
(75,049)
(63,633)
Creditors: amounts falling due after more than one year
Loans and overdrafts
13,333
16,667
(13,333)
(16,667)
Net liabilities
(88,382)
(80,300)
Capital and reserves
Called up share capital
3
3
Profit and loss reserves
(88,385)
(80,303)
Total equity
(88,382)
(80,300)
Alan Cooke Estate Agents Limited
Balance sheet (continued)
as at 30 April 2023
30 April 2023
- 2 -
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 9 April 2024
Mr J Cooke
Director
Company Registration No. 06539351
Alan Cooke Estate Agents Limited
Notes to the Financial Statements
for the year ended 30 April 2023
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% on reducing balance
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Alan Cooke Estate Agents Limited
Notes to the Financial Statements (continued)
for the year ended 30 April 2023
1
Accounting policies
(continued)
- 4 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
3
3
Intangible fixed assets
Goodwill
£
Cost
At 1 May 2022 and 30 April 2023
695,000
Amortisation and impairment
At 1 May 2022
559,475
Amortisation charged for the year
45,175
At 30 April 2023
604,650
Carrying amount
At 30 April 2023
90,350
At 30 April 2022
135,525
Alan Cooke Estate Agents Limited
Notes to the Financial Statements (continued)
for the year ended 30 April 2023
- 5 -
4
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 May 2022
3,253
37,392
40,645
Additions
3,007
3,007
At 30 April 2023
3,253
40,399
43,652
Depreciation and impairment
At 1 May 2022
3,253
31,792
35,045
Depreciation charged in the year
2,151
2,151
At 30 April 2023
3,253
33,943
37,196
Carrying amount
At 30 April 2023
6,456
6,456
At 30 April 2022
5,600
5,600
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
7,746
8,412
Prepayments and accrued income
370
321
8,116
8,733
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
5,000
5,000
Trade creditors
5,222
6,875
Taxation and social security
25,655
15,975
Other creditors
236,590
313,511
272,467
341,361
7
Company information
Alan Cooke Estate Agents Limited is a private company limited by shares incorporated in England and Wales. The registered office is 382 Harrogate Road, Leeds, LS17 6PY.