REGISTERED NUMBER: |
COBB LLOYD REFRACTORIES LIMITED |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
REGISTERED NUMBER: |
COBB LLOYD REFRACTORIES LIMITED |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
COBB LLOYD REFRACTORIES LIMITED (REGISTERED NUMBER: 07124670) |
Contents of the Financial Statements |
for the year ended 31 December 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 | to | 4 |
COBB LLOYD REFRACTORIES LIMITED |
Company Information |
for the year ended 31 December 2023 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
CUBO Birmingham |
Office 401, 4th Floor |
Birmingham |
West Midlands |
B3 3AX |
COBB LLOYD REFRACTORIES LIMITED (REGISTERED NUMBER: 07124670) |
Statement of Financial Position |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ |
Current assets |
Debtors | 5 |
Total assets less current liabilities |
Capital and reserves |
Called up share capital |
Shareholders' funds |
The directors acknowledge their 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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
COBB LLOYD REFRACTORIES LIMITED (REGISTERED NUMBER: 07124670) |
Notes to the Financial Statements |
for the year ended 31 December 2023 |
1. | Statutory information |
Cobb Lloyd Refractories Limited is a |
2. | Statement of compliance |
3. | Accounting policies |
Basis of preparing the financial statements |
Going concern |
The financial statements have been prepared on a basis other than that of going concern which the director believes to be appropriate for the following reasons. |
During 2018 the assets and trade of the company were acquired by Zampell Limited, a subsidiary of the Zampell Group. The company is to be maintained as a dormant entity and will continue to prepare such accounts on a basis other than that of going concern until such a time that transactions relating to the cessation of trade no longer appear within the financial statements. |
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
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 statement of financial position date. |
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. |
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. |
Debtors and creditors receivable / payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
4. | Employees and directors |
The average number of employees during the year was NIL (2022 - NIL). |
5. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Other debtors |
COBB LLOYD REFRACTORIES LIMITED (REGISTERED NUMBER: 07124670) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2023 |
6. | Related party disclosures |
The company was controlled for the whole of the reporting period by Zampell Holdings LLC, a company incorporated in the United States of America. |
The company has taken advantage of the exemption contained in FRS 102 from the requirement to disclose transactions with other group undertakings on the grounds that the company is a wholly owned subsidiary of the group. |