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REGISTERED NUMBER: 03943973 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2022

for

J C Coster (Metalworks) Ltd

J C Coster (Metalworks) Ltd (Registered number: 03943973)






Contents of the Financial Statements
for the Year Ended 30 September 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J C Coster (Metalworks) Ltd

Company Information
for the Year Ended 30 September 2022







DIRECTOR: J Coster





REGISTERED OFFICE: Swan House
9 Queens Road
Brentwood
Essex
CM14 4HE





REGISTERED NUMBER: 03943973 (England and Wales)





ACCOUNTANTS: Tiffin Green
Swan House
9 Queens Road
Brentwood
Essex
CM14 4HE

J C Coster (Metalworks) Ltd (Registered number: 03943973)

Balance Sheet
30 September 2022

30.9.22 30.9.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,961 47,601

CURRENT ASSETS
Stocks 54,049 10,000
Debtors 5 240,184 450,735
Cash at bank and in hand 218,983 243,669
513,216 704,404
CREDITORS
Amounts falling due within one year 6 338,968 393,332
NET CURRENT ASSETS 174,248 311,072
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,209

358,673

CREDITORS
Amounts falling due after more than one
year

7

(8,582

)

(8,582

)

PROVISIONS FOR LIABILITIES (9,343 ) (8,864 )
NET ASSETS 206,284 341,227

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 206,280 341,223
206,284 341,227

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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.

J C Coster (Metalworks) Ltd (Registered number: 03943973)

Balance Sheet - continued
30 September 2022


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 director and authorised for issue on 1 December 2023 and were signed by:





J Coster - Director


J C Coster (Metalworks) Ltd (Registered number: 03943973)

Notes to the Financial Statements
for the Year Ended 30 September 2022

1. STATUTORY INFORMATION

J C Coster (Metalworks) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

J C Coster (Metalworks) Ltd (Registered number: 03943973)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2022

2. ACCOUNTING POLICIES - continued

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 17 (2021 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2021 137,622
Additions 19,013
At 30 September 2022 156,635
DEPRECIATION
At 1 October 2021 90,021
Charge for year 16,653
At 30 September 2022 106,674
NET BOOK VALUE
At 30 September 2022 49,961
At 30 September 2021 47,601

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.22 30.9.21
£    £   
Trade debtors 185,959 298,534
Other debtors 54,225 152,201
240,184 450,735

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.22 30.9.21
£    £   
Hire purchase contracts 8,955 8,517
Trade creditors 103,374 57,801
Taxation and social security 217,987 317,058
Other creditors 8,652 9,956
338,968 393,332

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.22 30.9.21
£    £   
Hire purchase contracts 8,582 8,582

J C Coster (Metalworks) Ltd (Registered number: 03943973)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2022

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.22 30.9.21
£    £   
Hire purchase contracts 17,537 17,099

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2022 and 30 September 2021:

30.9.22 30.9.21
£    £   
J Coster
Balance outstanding at start of year 44,587 53,413
Amounts advanced 90,496 119,547
Amounts repaid (85,000 ) (128,373 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,083 44,587

Interest has been charged on the outstanding loan at the official rate.