Registered number
12290923
M.J. Cox (Kendal) Ltd
Unaudited Filleted Accounts
For the Year Ended
31 October 2023
M.J. Cox (Kendal) Ltd
Registered number: 12290923
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 7,337 9,412
Current assets
Stocks 11,465 20,089
Debtors 4 10,548 20,582
Cash at bank and in hand 98,339 57,312
120,352 97,983
Creditors: amounts falling due within one year 5 (37,870) (30,039)
Net current assets 82,482 67,944
Total assets less current liabilities 89,819 77,356
Provisions for liabilities (1,834) (1,788)
Net assets 87,985 75,568
Capital and reserves
Called up share capital 2 2
Profit and loss account 87,983 75,566
Shareholders' funds 87,985 75,568
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.
MJ Cox
Director
Approved by the board on 26 July 2024
M.J. Cox (Kendal) Ltd
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
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.
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.
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 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2022 3,183 10,000 13,183
Additions 361 - 361
At 31 October 2023 3,544 10,000 13,544
Depreciation
At 1 November 2022 1,271 2,500 3,771
Charge for the year 561 1,875 2,436
At 31 October 2023 1,832 4,375 6,207
Net book value
At 31 October 2023 1,712 5,625 7,337
At 31 October 2022 1,912 7,500 9,412
4 Debtors 2023 2022
£ £
Trade debtors 8,861 11,506
Other debtors 1,687 9,076
10,548 20,582
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 15,111 13,484
Taxation and social security costs 21,684 11,488
Other creditors 1,075 5,067
37,870 30,039
6 Other information
M.J. Cox (Kendal) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Yard
77 Highgate
Kendal
Cumbria
LA9 4ED
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