Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 00909816 Mr Michael Cotton Mr Mark Cotton Mr Paul Cotton Mr Michael Cotton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00909816 2022-07-31 00909816 2023-07-31 00909816 2022-08-01 2023-07-31 00909816 frs-core:Non-currentFinancialInstruments 2023-07-31 00909816 frs-core:ComputerEquipment 2022-08-01 2023-07-31 00909816 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 00909816 frs-core:MotorVehicles 2022-08-01 2023-07-31 00909816 frs-core:PlantMachinery 2022-08-01 2023-07-31 00909816 frs-core:WithinOneYear 2023-07-31 00909816 frs-core:RevaluationReserve 2022-07-31 00909816 frs-core:RevaluationReserve 2023-07-31 00909816 frs-core:ShareCapital 2023-07-31 00909816 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 00909816 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 00909816 frs-bus:AbridgedAccounts 2022-08-01 2023-07-31 00909816 frs-bus:SmallEntities 2022-08-01 2023-07-31 00909816 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 00909816 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 00909816 frs-core:AdditionsToInvestments 2023-07-31 00909816 frs-core:CostValuation 2023-07-31 00909816 frs-bus:Director1 2022-08-01 2023-07-31 00909816 frs-bus:Director2 2022-08-01 2023-07-31 00909816 frs-bus:Director3 2022-08-01 2023-07-31 00909816 frs-bus:CompanySecretary1 2022-08-01 2023-07-31 00909816 frs-countries:EnglandWales 2022-08-01 2023-07-31 00909816 2021-07-31 00909816 2022-07-31 00909816 2021-08-01 2022-07-31 00909816 frs-core:Non-currentFinancialInstruments 2022-07-31 00909816 frs-core:BetweenOneFiveYears 2022-07-31 00909816 frs-core:WithinOneYear 2022-07-31 00909816 frs-core:RevaluationReserve 2022-07-31 00909816 frs-core:ShareCapital 2022-07-31 00909816 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 00909816
Cotton Transport & Sons Limited
ABRIDGED Financial Statements
For The Year Ended 31 July 2023
Nicholson Tax & Accounts
8 Chapel Street
Belper
DE56 1AR
Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 00909816
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,242,552 2,752,048
Investments 5 272,729 -
3,515,281 2,752,048
CURRENT ASSETS
Stocks 7,156 6,816
Debtors 1,125,741 1,337,346
Cash at bank and in hand 635,777 755,190
1,768,674 2,099,352
Creditors: Amounts Falling Due Within One Year (620,129 ) (720,407 )
NET CURRENT ASSETS (LIABILITIES) 1,148,545 1,378,945
TOTAL ASSETS LESS CURRENT LIABILITIES 4,663,826 4,130,993
Creditors: Amounts Falling Due After More Than One Year (438,322 ) (493,558 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (349,581 ) (252,150 )
NET ASSETS 3,875,923 3,385,285
CAPITAL AND RESERVES
Called up share capital 7 1,980 1,980
Revaluation reserve 8 198,872 198,872
Profit and Loss Account 3,675,071 3,184,433
SHAREHOLDERS' FUNDS 3,875,923 3,385,285
Page 1
Page 2
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 July 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Michael Cotton
Director
24th April 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Cotton Transport & Sons Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00909816 . The registered office is Church Street Industrial Estate, Church Gresley, Swadlincote, Derbys, DE11 9NR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold 2% on cost
Plant & Machinery 15% on reducing balance
Motor Vehicles 20% on reducing balance
Computer Equipment 33% on reducing balance
2.4. Leasing and Hire Purchase Contracts
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.
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.6. 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.

...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 49 (2022: 48)
49 48
4. Tangible Assets
Total
£
Cost
As at 1 August 2022 5,459,840
Additions 920,529
Disposals (141,570 )
As at 31 July 2023 6,238,799
Depreciation
As at 1 August 2022 2,707,792
Provided during the period 421,870
Disposals (133,415 )
As at 31 July 2023 2,996,247
Net Book Value
As at 31 July 2023 3,242,552
As at 1 August 2022 2,752,048
5. Investments
Total
£
Cost
As at 1 August 2022 -
Additions 272,729
As at 31 July 2023 272,729
Provision
As at 1 August 2022 -
As at 31 July 2023 -
Net Book Value
As at 31 July 2023 272,729
As at 1 August 2022 -
Page 4
Page 5
Investments relate to the purchase of an interest in the share capital of N E Pallets Limited, a private company, limited by shares, incorporated in England & Wales, registered number 04384571. The investment is held at cost less accumulated impairment losses.
6. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 43,866
Later than one year and not later than five years - -
- 43,866
Less: Finance charges allocated to future periods - 1,366
- 42,500
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,980 1,980
8. Reserves
Revaluation Reserve
£
As at 1 August 2022 198,872
As at 31 July 2023 198,872
Page 5