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REGISTERED NUMBER: 12469736 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

COHN'S TRANSPORT SERVICES LTD

COHN'S TRANSPORT SERVICES LTD (REGISTERED NUMBER: 12469736)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COHN'S TRANSPORT SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTOR: S R L Cohn





REGISTERED OFFICE: 1 Cricks Road
West Row
Bury St Edmunds
Suffolk
IP28 8PQ





REGISTERED NUMBER: 12469736 (England and Wales)





ACCOUNTANTS: NKT Accountants
11 Kings Court
Willie Snaith Road
Newmarket
Suffolk
CB8 7SG

COHN'S TRANSPORT SERVICES LTD (REGISTERED NUMBER: 12469736)

BALANCE SHEET
28TH FEBRUARY 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,830 35,340

CURRENT ASSETS
Debtors 5 (948 ) 2,726
Cash at bank 1,731 2,453
783 5,179
CREDITORS
Amounts falling due within one year 6 81,025 44,040
NET CURRENT LIABILITIES (80,242 ) (38,861 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(56,412

)

(3,521

)

CREDITORS
Amounts falling due after more than one
year

7

-

17,731
NET LIABILITIES (56,412 ) (21,252 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (56,413 ) (21,253 )
(56,412 ) (21,252 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 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.

COHN'S TRANSPORT SERVICES LTD (REGISTERED NUMBER: 12469736)

BALANCE SHEET - continued
28TH FEBRUARY 2023


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 11th February 2024 and were signed by:





S R L Cohn - Director


COHN'S TRANSPORT SERVICES LTD (REGISTERED NUMBER: 12469736)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023

1. STATUTORY INFORMATION

Cohn's Transport Services 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.

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.

Although the company was insolvent at the balance sheet date the accounts have been prepared on the going concern basis. The company is dependent upon the continued support of the director.

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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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.

COHN'S TRANSPORT SERVICES LTD (REGISTERED NUMBER: 12469736)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

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 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st March 2022 10,806 28,950 1,027 40,783
Disposals - (5,000 ) - (5,000 )
At 28th February 2023 10,806 23,950 1,027 35,783
DEPRECIATION
At 1st March 2022 3,086 1,990 367 5,443
Charge for year 1,550 5,740 210 7,500
Eliminated on disposal - (990 ) - (990 )
At 28th February 2023 4,636 6,740 577 11,953
NET BOOK VALUE
At 28th February 2023 6,170 17,210 450 23,830
At 28th February 2022 7,720 26,960 660 35,340

COHN'S TRANSPORT SERVICES LTD (REGISTERED NUMBER: 12469736)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

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 1st March 2022
and 28th February 2023 23,950
DEPRECIATION
At 1st March 2022 1,000
Charge for year 5,740
At 28th February 2023 6,740
NET BOOK VALUE
At 28th February 2023 17,210
At 28th February 2022 22,950

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Trade debtors (948 ) 2,219
Other debtors - 507
(948 ) 2,726

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Hire purchase contracts 18,495 12,044
Trade creditors 4,161 3,435
Taxation and social security 6,797 154
Other creditors 51,572 28,407
81,025 44,040

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28/2/23 28/2/22
£    £   
Hire purchase contracts - 17,731

COHN'S TRANSPORT SERVICES LTD (REGISTERED NUMBER: 12469736)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28th February 2023 and 28th February 2022:

28/2/23 28/2/22
£    £   
S R L Cohn
Balance outstanding at start of year (8,012 ) 8,658
Amounts advanced 1,761 23,773
Amounts repaid (13,419 ) (40,443 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (19,670 ) (8,012 )