COTIF Limited 12946838 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is Management consultancy activities other than financial management Digita Accounts Production Advanced 6.30.9574.0 true true 12946838 2022-11-01 2023-10-31 12946838 2023-10-31 12946838 bus:OrdinaryShareClass1 2023-10-31 12946838 bus:OrdinaryShareClass2 2023-10-31 12946838 core:CurrentFinancialInstruments 2023-10-31 12946838 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 12946838 bus:SmallEntities 2022-11-01 2023-10-31 12946838 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 12946838 bus:FullAccounts 2022-11-01 2023-10-31 12946838 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12946838 bus:RegisteredOffice 2022-11-01 2023-10-31 12946838 bus:Director1 2022-11-01 2023-10-31 12946838 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 12946838 bus:OrdinaryShareClass2 2022-11-01 2023-10-31 12946838 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12946838 countries:AllCountries 2022-11-01 2023-10-31 12946838 2021-11-01 2022-10-31 12946838 2022-10-31 12946838 bus:OrdinaryShareClass1 2022-10-31 12946838 bus:OrdinaryShareClass2 2022-10-31 12946838 core:CurrentFinancialInstruments 2022-10-31 12946838 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 12946838 bus:OrdinaryShareClass1 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12946838

COTIF Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

COTIF Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

COTIF Limited

Company Information

Director

Mr Guy T Dunkerley

Registration number

12946838

Registered office

21 Market Place
Cirencester
Gloucestershire
GL7 2NX

Accountants

mca Shepherd Smail
21 Market Place
Cirencester
Gloucestershire
GL7 2NX

 

COTIF Limited

(Registration number: 12946838)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

-

39

Cash at bank and in hand

 

28,323

37,254

 

28,323

37,293

Creditors: Amounts falling due within one year

5

(6,587)

(26,431)

Net assets

 

21,736

10,862

Capital and reserves

 

Called up share capital

2

2

Retained earnings

21,734

10,860

Shareholders' funds

 

21,736

10,862

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 April 2024
 

Mr Guy T Dunkerley

Director

 

COTIF Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
21 Market Place
Cirencester
Gloucestershire
GL7 2NX

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

COTIF Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Debtors

2023
£

2022
£

Prepayments

-

39

-

39

 

COTIF Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

5,600

1,868

Accruals and deferred income

960

900

Other creditors

27

23,663

6,587

26,431

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A shares of £1 each

1

1

1

1

Ordinary B shares of £1 each

1

1

1

1

 

2

2

2

2

7

Dividends

Interim dividends paid

   

2023
£

 

2022
£

Interim dividend of £13,000.00 (2022 - £Nil) per each Ordinary A shares

 

13,000

 

-