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Registration number: 03648026

Susanne L. Coe Ltd. trading as Susanne L. Coe Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Susanne L. Coe Ltd.

trading as Susanne L. Coe Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Susanne L. Coe Ltd.

trading as Susanne L. Coe Limited

Company Information

Director

Miss S L Coe

Registered office

St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA

Accountants

Young & Co
Chartered Accountants
St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA

 

Susanne L. Coe Ltd.

trading as Susanne L. Coe Limited

(Registration number: 03648026)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

503

501

Current assets

 

Debtors

5

3,878

3,632

Cash at bank and in hand

 

132,449

137,405

 

136,327

141,037

Creditors: Amounts falling due within one year

6

(2,721)

(1,364)

Net current assets

 

133,606

139,673

Total assets less current liabilities

 

134,109

140,174

Provisions for liabilities

-

(95)

Net assets

 

134,109

140,079

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

134,107

140,077

Shareholders' funds

 

134,109

140,079

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Susanne L. Coe Ltd.

trading as Susanne L. Coe Limited

(Registration number: 03648026)
Balance Sheet as at 31 October 2023
(continued)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 July 2024
 

.........................................
Miss S L Coe
Director

 

Susanne L. Coe Ltd.

trading as Susanne L. Coe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA
England

The principal place of business is:
49 Home Farm Way
Penllergaer
Swansea
SA4 9HF

These financial statements were authorised for issue by the director on 18 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Susanne L. Coe Ltd.

trading as Susanne L. Coe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023
(continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantially enacted by the end of the reporting period.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% of written down value per annum

 

Susanne L. Coe Ltd.

trading as Susanne L. Coe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023
(continued)

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit and loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs..

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 2).

 

Susanne L. Coe Ltd.

trading as Susanne L. Coe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023
(continued)

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2022

937

937

Additions

108

108

At 31 October 2023

1,045

1,045

Depreciation

At 1 November 2022

436

436

Charge for the year

106

106

At 31 October 2023

542

542

Carrying amount

At 31 October 2023

503

503

At 31 October 2022

501

501

5

Debtors

2023
£

2022
£

Prepayments

277

-

Other debtors

3,601

3,632

3,878

3,632

 

Susanne L. Coe Ltd.

trading as Susanne L. Coe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023
(continued)

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

360

-

Taxation and social security

33

93

Accruals and deferred income

1,015

1,015

Other creditors

1,313

256

2,721

1,364

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       

8

Dividends

2023

2022

£

£

Interim dividend of £Nil (2022 - £16,000.00) per ordinary share

-

32,000

 

 
 

Susanne L. Coe Ltd.

trading as Susanne L. Coe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023
(continued)

9

Related party transactions

Directors' remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

4,192

13,169