Registered number
02111670
Cockx Sudbury Limited
Unaudited Filleted Accounts
31 October 2023
Cockx Sudbury Limited
Registered number: 02111670
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 170,833 178,761
Current assets
Stocks 80,361 68,768
Debtors 4 129,663 106,280
Cash at bank and in hand 533 36,267
210,557 211,315
Creditors: amounts falling due within one year 5 (209,503) (161,702)
Net current assets 1,054 49,613
Total assets less current liabilities 171,887 228,374
Creditors: amounts falling due after more than one year 6 (41,933) (81,400)
Provisions for liabilities (20,878) (25,496)
Net assets 109,076 121,478
Capital and reserves
Called up share capital 1,102 1,102
Profit and loss account 107,974 120,376
Shareholders' funds 109,076 121,478
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C L Partner
Director
Approved by the board on 30 July 2024
Cockx Sudbury Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over ten years
Fixtures and fittings over ten years
Computer equipment over three years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Plant and equipment
£
Cost
At 1 November 2022 318,144
Additions 10,236
At 31 October 2023 328,380
Depreciation
At 1 November 2022 139,383
Charge for the year 18,164
At 31 October 2023 157,547
Net book value
At 31 October 2023 170,833
At 31 October 2022 178,761
4 Debtors 2023 2022
£ £
Trade debtors 126,338 103,888
Other debtors 3,325 2,392
129,663 106,280
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 52,470 49,909
Obligations under finance lease and hire purchase contracts 3,250 3,384
Trade creditors 108,609 66,347
Taxation and social security costs 16,546 17,980
Other creditors 28,628 24,082
209,503 161,702
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 32,184 68,536
Obligations under finance lease and hire purchase contracts 9,749 12,864
41,933 81,400
7 Loans 2023 2022
£ £
Creditors include:
Bank overdraft and other loans 51,820 49,794
The loans are secured on the company's assets.
8 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 10,771 20,709
9 Other information
Cockx Sudbury Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Woodhall House
Woodhall Business park
Sudbury
Suffolk
CO10 1WH
Cockx Sudbury Limited 02111670 false 2022-11-01 2023-10-31 2023-10-31 VT Final Accounts April 2024 C L Partner No description of principal activity 02111670 2021-11-01 2022-10-31 02111670 core:WithinOneYear 2022-10-31 02111670 core:AfterOneYear 2022-10-31 02111670 core:ShareCapital 2022-10-31 02111670 core:RetainedEarningsAccumulatedLosses 2022-10-31 02111670 core:AllPeriods 2022-10-31 02111670 2022-11-01 2023-10-31 02111670 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 02111670 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 02111670 bus:Director40 2022-11-01 2023-10-31 02111670 1 2022-11-01 2023-10-31 02111670 2 2022-11-01 2023-10-31 02111670 core:PlantMachinery 2022-11-01 2023-10-31 02111670 countries:England 2022-11-01 2023-10-31 02111670 bus:FRS102 2022-11-01 2023-10-31 02111670 bus:FilletedAccounts 2022-11-01 2023-10-31 02111670 2023-10-31 02111670 core:WithinOneYear 2023-10-31 02111670 core:AfterOneYear 2023-10-31 02111670 core:ShareCapital 2023-10-31 02111670 core:RetainedEarningsAccumulatedLosses 2023-10-31 02111670 core:PlantMachinery 2023-10-31 02111670 core:AllPeriods 2023-10-31 02111670 2022-10-31 02111670 core:PlantMachinery 2022-10-31 iso4217:GBP xbrli:pure