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Cooks Carpets & Furnishing Ltd
Registered Number:04254698
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2023
Cooks Carpets & Furnishing Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
04254698
As at 31 July 2023
Cooks Carpets & Furnishing Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
27,140
19,041
3
27,140
19,041
Current assets
Inventories
93,684
88,128
4
Trade and other receivables
39,893
74,106
5
175,145
Cash and cash equivalents
92,536
254,770
308,722
Trade and other payables: amounts falling due within one
year
(132,718)
(120,091)
6
176,004
134,679
Net current assets
Total assets less current liabilities
161,819
195,045
Trade and other payables: amounts falling due after more
than one year
(61,894)
(40,960)
7
(5,157)
(3,618)
Provisions for liabilities
115,702
Net assets
129,533
Capital and reserves
Called up share capital
110
110
Retained earnings
115,592
129,423
115,702
129,533
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr P Asplet Director
These financial statements were approved and authorised for issue by the Board on 23 February 2024 and were signed by:
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4
Registered Number :
04254698
For the year ended 31 July 2023
Cooks Carpets & Furnishing Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 July 2023
Cooks Carpets & Furnishing Ltd
Notes to the Financial Statements
Statutory Information
Cooks Carpets & Furnishing Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04254698.
Registered address:
Unit 1
Oaktree Business Park
Queens Lane
Mold
CH7 1XB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Straight line
Computer & office equipment
15% Straight line
Motor vehicles & plant
20% Straight line
Fixtures & fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
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6
For the year ended 31 July 2023
Cooks Carpets & Furnishing Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Website
Cost or valuation
£
At 01 August 2022
4,170
At 31 July 2023
4,170
At 01 August 2022
4,170
At 31 July 2023
4,170
3. Property, plant and equipment
Total
Computer &
office
equipment
Fixtures &
fittings
Motor vehicles
& plant
£
£
£
£
Cost or
valuation
At 01 August 2022
175,992
25,146
130,323
20,523
10,836
-
10,836
-
Additions
At 31 July 2023
20,523
141,159
25,146
186,828
Provision for depreciation and impairment
At 01 August 2022
156,951
23,684
118,544
14,723
Charge for year
2,264
-
2,264
-
473
473
-
-
On disposal
At 31 July 2023
159,688
24,157
120,808
14,723
At 31 July 2023
Net book value
5,800
20,351
989
27,140
At 31 July 2022
5,800
11,779
1,462
19,041
4. Inventories
2022
2023
£
£
Stocks
88,128
93,684
5. Trade and other receivables
2022
2023
£
£
Trade debtors
58,227
36,160
Prepayments and accrued income
3,733
3,733
Other debtors
12,146
-
39,893
74,106
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7
For the year ended 31 July 2023
Cooks Carpets & Furnishing Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
10,090
9,341
Trade creditors
50,756
69,711
Taxation and social security
37,280
46,967
Accruals and deferred income
5,200
5,772
Other creditors
16,765
927
120,091
132,718
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
21,636
31,726
30,168
19,324
Directors' loan accounts
40,960
61,894
8. Average number of persons employed
During the year the average number of employees was 5 (2022 : 5)
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