IRIS Accounts Production v24.1.4.33 00197935 Board of Directors 31.12.23 1.1.23 31.12.23 31.12.23 the manufacture and sale of brushes. true true false true true false false true false A Class Non Voting 1.00000 B Class Non Voting 1.00000 D Ordinary 1.00000 Ordinary 1.00000 E Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure001979352022-12-31001979352023-12-31001979352023-01-012023-12-31001979352021-12-31001979352022-01-012022-12-31001979352022-12-3100197935ns16:EnglandWales2023-01-012023-12-3100197935ns15:PoundSterling2023-01-012023-12-3100197935ns11:Director12023-01-012023-12-3100197935ns11:Consolidated2023-12-3100197935ns11:ConsolidatedGroupCompanyAccounts2023-01-012023-12-3100197935ns11:PrivateLimitedCompanyLtd2023-01-012023-12-3100197935ns11:FRS102ns11:Consolidated2023-01-012023-12-3100197935ns11:Auditedns11:Consolidated2023-01-012023-12-3100197935ns11:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3100197935ns11:SmallCompaniesRegimeForAccounts2023-01-012023-12-3100197935ns11:Consolidatedns11:LargeMedium-sizedCompaniesRegimeForDirectorsReport2023-01-012023-12-3100197935ns11:LargeMedium-sizedCompaniesRegimeForAccountsns11:Consolidated2023-01-012023-12-3100197935ns11:FullAccounts2023-01-012023-12-3100197935ns11:OrdinaryShareClass12023-01-012023-12-3100197935ns11:OrdinaryShareClass22023-01-012023-12-3100197935ns11:OrdinaryShareClass42023-01-012023-12-3100197935ns11:OrdinaryShareClass32023-01-012023-12-3100197935ns11:OrdinaryShareClass52023-01-012023-12-3100197935ns11:Consolidated2023-01-012023-12-3100197935ns11:Director22023-01-012023-12-3100197935ns11:Director32023-01-012023-12-3100197935ns11:RegisteredOffice2023-01-012023-12-3100197935ns11:Consolidated2022-01-012022-12-3100197935ns6:CurrentFinancialInstruments2023-12-3100197935ns6:CurrentFinancialInstruments2022-12-3100197935ns6:ShareCapital2023-12-3100197935ns6:ShareCapital2022-12-3100197935ns6:RetainedEarningsAccumulatedLosses2023-12-3100197935ns6:RetainedEarningsAccumulatedLosses2022-12-3100197935ns6:ShareCapital2021-12-3100197935ns6:RetainedEarningsAccumulatedLosses2021-12-3100197935ns6:RetainedEarningsAccumulatedLosses2022-01-012022-12-3100197935ns6:RetainedEarningsAccumulatedLosses2023-01-012023-12-3100197935ns6:OwnedOrFreeholdAssetsns6:LandBuildings2023-01-012023-12-3100197935ns6:PlantMachinery2023-01-012023-12-3100197935ns6:MotorVehicles2023-01-012023-12-3100197935ns6:CostValuation2022-12-3100197935ns6:AdditionsToInvestments2023-12-3100197935ns6:CostValuation2023-12-3100197935ns6:WithinOneYearns6:CurrentFinancialInstruments2023-12-3100197935ns6:WithinOneYearns6:CurrentFinancialInstruments2022-12-3100197935ns11:OrdinaryShareClass12023-12-3100197935ns11:OrdinaryShareClass22023-12-3100197935ns11:OrdinaryShareClass42023-12-3100197935ns11:OrdinaryShareClass32023-12-3100197935ns11:OrdinaryShareClass52023-12-3100197935ns6:RetainedEarningsAccumulatedLosses2022-12-31
REGISTERED NUMBER: 00197935 (England and Wales)











Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 December 2023

for

COSBY BRUSHES (CHRH) LTD

COSBY BRUSHES (CHRH) LTD (REGISTERED NUMBER: 00197935)






Contents of the Consolidated Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 6

Report of the Independent Auditors 8

Consolidated Income Statement 12

Consolidated Other Comprehensive Income 13

Consolidated Balance Sheet 14

Company Balance Sheet 15

Consolidated Statement of Changes in Equity 16

Company Statement of Changes in Equity 17

Consolidated Cash Flow Statement 18

Notes to the Consolidated Cash Flow Statement 19

Notes to the Consolidated Financial Statements 20


COSBY BRUSHES (CHRH) LTD

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A H L Cosby
M R Cosby
B G H Cosby





REGISTERED OFFICE: River Gage Works
London Road
Apsley
Hemel Hempstead
Hertfordshire
HP3 9SA





REGISTERED NUMBER: 00197935 (England and Wales)





AUDITORS: JLA (UK) Ltd
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

COSBY BRUSHES (CHRH) LTD (REGISTERED NUMBER: 00197935)

Group Strategic Report
for the Year Ended 31 December 2023

The directors present their strategic report of the company and the group for the year ended 31 December 2023.

REVIEW OF BUSINESS
The year ending December 2023 presented a mix of challenges and strategic advancements for GB Kent and Sons Plc. While we faced a substantial reduction in turnover due to decreased sales from two major customers, strategic initiatives and a focus on resilience paved the way for recovery and growth in key areas.

The company's directors believe that, with the continued development of products and new business contracts combined careful management of the company's resources, the company will return to trade profitability and meet its obligations as they fall due.

The group's directors believe that, with the continued development of products and new business contracts combined careful management of the company's resources, the company will continue to trade profitability and meet its obligations as they fall due.

The principal activity of the company in the year under review continued to be that of manufacture of brushes and combs for personal grooming.


FINANCIAL REVIEW

Turnover down by 39.2%

There has been a substantial reduction in turnover during the year, due to loss in orders from a major customer.

Gross Profit Margin

Gross profit during the year as a percentage of sales was 38.8% (2022: 35.5%)

Profit after taxation
The (loss) / profit for the year after taxation was £(826,550) (2022: £941,765)

Dividend
Dividend paid during the year amounted to £277,417 (2022: £281,594)

Cash at bank
The balance in hand at 31 December 2023 £1,015,477 (2022 £2,285,620)

Shareholders' Funds
As at 31 December 2023 these stood at £5,642,760 (2022: £6,490,786)


COSBY BRUSHES (CHRH) LTD (REGISTERED NUMBER: 00197935)

Group Strategic Report
for the Year Ended 31 December 2023

PRINCIPAL RISKS AND UNCERTAINTIES
The group is exposed to a variety of risks. These could range from the wider effects of the general economy and external competition to those more specific to the group, such as its own financial strength and size. The Board regularly review these risks and their potential impact on the board.

The Board monitors the group's performance carefully through the use of regular financial information and management reports.

Key risks and the group's response to these risks are shown below.

1- Financial Risk Management
The group's financial instruments comprise of cash at bank, loan and overdraft facility at the group's disposal. The main purpose of these financial instruments is to raise adequate finance for the group's operations, together with management of working capital.

The main risk arising from the group's financial instruments is liquidity risk. As can be seen from the cash flow notes in the annexed financial statements, the group currently does not suffer from a liquidity problem. It alleviates this risk by agreeing credit terms with its customers and suppliers.

2- Foreign Currency Risk
The group is exposed to foreign currency fluctuation as most of the group's purchases and sales are in foreign currencies

The group minimises this risk by agreeing appropriate pricing.

3- Customer concentration risk
As with any business of its size, the group relies on a relatively small number of customers for a large percentage of its turnover. The loss of a key customer can have a detrimental impact on earnings.

The group is focused on customer retention by supplying top rate products and service as well as obtaining new customers thus broadening the number of key customers.

4- Competitive pressure risk
The group operates in a highly competitive market environment and performance may suffer if there is a loss of competitiveness vis-a- vis its customers.

The group reviews the competitiveness of its services with its clients and customers in the market. The group also has a very strong brand name built over more than 243 years.

5-Credit risk
Default by customers on receivables could negatively affect the earnings.

Credit is assessed and monitored by the group and where risk is judged to be high, more stringent credit terms are implemented.

6- Loss of supply of critical products.
Loss of supply of critical products from key suppliers could affect the group's ability to provide the products to its customers.

Where possible, the group attempts to dual source all key products from multiple suppliers. The group also endeavours to maintain supply contracts with all key suppliers.


COSBY BRUSHES (CHRH) LTD (REGISTERED NUMBER: 00197935)

Group Strategic Report
for the Year Ended 31 December 2023

SECTION 172(1) STATEMENT
Directors statement of compliance with duty to promote the success of the Company

Under Section 172(1) of the companies Act 2006, the Board has a duty to act in good faith and in a way that would be most likely to promote the success of the Company for the benefit of its shareholders with having regard to matters set in S172(1) (a-f) of the Act:

(a) the likely long-term consequences of decisions;
(b) the interest of the Company's employees;
(c) the need to foster the Company's business relationship with suppliers, customers and other stakeholders;
(d) the impact of the Company's operations on the community and the environment;
(e) the desirability of the Company maintaining a reputation for high standards of business and conduct; and
(f) the need to act fairly as between the Company's owners.

To discharge their S172(1) duties, the Board had regard to the factors set out above in making the principal decisions taken by the Company.

General confirmation of Directors' duties
When making decisions, each director ensures that he/she acts in the way he/she considers, in good faith, would most likely promote the Company's success for the benefit of its members as whole, and in doing so have regard (among other matters) to:

S172(1) (A) "The likely consequences of any decision in the long-term"
The Directors understand the evolving environment in which the business operates, including the challenges imposed by the Covid-19 pandemic in the short-term and the long-term. The Directors have taken several decisions which they believe best support the Company's ambitions to survive the pandemic and to grow in order to ensure the best outcome for all stakeholders.

S172(1) (B) "The interest of the company's employees"
The Directors recognise that the employees are fundamental and core to the business and the delivery of the strategic ambitions. The success of the business depends on attracting, retaining and motivating employees. From ensuring that we remain a responsible employer, pay and benefits, to our health and safety in the workplace environment, which was ever more important during the challenge presented by the Covid19 pandemic. The Directors factor the implications of decisions on employees and the wider workforce, wherever relevant and feasible.

S172(1) (C) "The need to foster the Company's business relationships stakeholders
Fostering positive relationships with key stakeholders, such as customers and suppliers, is important to the success of the Company's business. With regards to suppliers, the company enjoys close relationship with its suppliers with range from large international manufacturers to local logistics and couriers. With regards to customers, the Company has a diverse range of customers across all sectors of the hair and beauty industry.

S172(1) (D) "The impact of the Company's operations on the community and environment"
The Board recognises that the environmental impact of the Company's operations is an ever more important consideration and as such they promote green behaviours including implementing policies to help reduce the Company's carbon footprint. The Company uses existing couriers and logistics companies to deliver their products to local customers instead of own delivery vehicles and believe that this helps reduce their carbon footprint. In addition, a green approach is adopted in the warehouses and office by promoting recycling and reducing the use of plastic.

During the year, the company installed solar panels to generate electricity for their own consumption within their offices, factory and warehouse. Any surplus electricity is given back to the grid.
The company believes this also adds to their positive presence in the local community as a responsible employer.



S172(1) (E) "The desirability of the company maintaining a reputation for high standards of business conduct"

COSBY BRUSHES (CHRH) LTD (REGISTERED NUMBER: 00197935)

Group Strategic Report
for the Year Ended 31 December 2023

The Directors consider it crucial that the Company maintains a reputation for high standards of business conduct. The Board is responsible for setting, monitoring and upholding the culture, values, standards, ethics, brand and reputation of the Company. Management drives the embedding of the desired culture throughout the organisation and its values of quality, service, honesty, innovation, efficiency and relationships are driven throughout the heart of the business and in everything we do, reflected in our policies and practices and how we deal with others. These values and standards guide decision making and promote success, including the long-term consequences of those decisions.

S172(1) (F) "The need to act fairly as between members of the company"
After weighing up all relevant factors, the Directors consider which course of action best enables delivery of their strategy through the long-term, taking into consideration the impact on stakeholders. In doing so, the Directors act fairly as between the Company's members but are not required to balance the Company's interest with those of other stakeholders, and this can sometimes mean that certain stakeholders interest may not be fully aligned.

ON BEHALF OF THE BOARD:





A H L Cosby - Director


25 June 2024

COSBY BRUSHES (CHRH) LTD (REGISTERED NUMBER: 00197935)

Report of the Directors
for the Year Ended 31 December 2023

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2023.

DIVIDENDS
The total distribution of dividends for the year ended 31 December 2023 will be £ 277,416 .

RESEARCH AND DEVELOPMENT
The Company undertakes research and development on it's products and manufacturing tools and techniques to ensure that it is using the best appropriate materials to deliver high quality products.
The factory machines are constantly developed to ensure that they operate with the best tools and materials so that production efficiency is maintained to keep manufacturing costs low and material wastage is kept to a minimum.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

A H L Cosby
M R Cosby
B G H Cosby

GOING CONCERN
The trading subsidiary company has continued to trade profitably with adequate cashflow and working capital being received on a timely basis and creditor obligations met.
The subsidiary has a healthy balance sheet with sufficient reserves, a good cash balance and has no need to seek additional financing. Given the overall strength of the business the Directors are confident that the subsidiary and holding Company are both a going concern.

DISCLOSURE IN THE STRATEGIC REPORT
The directors review of business, key performance indicators and assessment of risks are disclosed in the Group Strategic Report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and
explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

COSBY BRUSHES (CHRH) LTD (REGISTERED NUMBER: 00197935)

Report of the Directors
for the Year Ended 31 December 2023


AUDITORS
The auditors, JLA (UK) Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





A H L Cosby - Director


25 June 2024

Report of the Independent Auditors to the Members of
Cosby Brushes (CHRH) Ltd

Opinion
We have audited the financial statements of Cosby Brushes (CHRH) Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2023 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 December 2023 and of the group's loss for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Cosby Brushes (CHRH) Ltd


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page six, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Cosby Brushes (CHRH) Ltd


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

The engagement partner and engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

We obtained an understanding of the legal and regulatory frameworks that are applicable to the company and affect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation; we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management.

The identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including how fraud might occur, by:

- Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of
actual, suspected and alleged fraud;
- And considering the measures in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override controls, we:

- Performed analytical procedures to identify any unusual or unexpected relationships;
- Tested journal entries to identify unusual transactions
- Assessed whether judgements and assumptions made in determining the accounting estimates that were
indicative of potential bias.
- Performed substantive testing on management expenses and transactions

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- Agreeing financial statement disclosures to underlying supporting documentation;
- Enquiring of management as to actual and potential litigation and claims
- And reviewing available correspondence with HMRC and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.
Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

Under ISA 240 (UK) there is a presumed risk that revenue may be misstated due to the improper recognition of revenue. To address this risk, we obtained an understanding of the company's revenue recognition policies and compared these to the accounting standard, performed a walkthrough to confirm our understanding of the processes and controls through which the business initiates, records, processes and reports revenue transactions. We tested a sample of revenue transactions to supporting evidence and tested, on a sample basis, revenue related balances in the balance sheet.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Cosby Brushes (CHRH) Ltd


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Jeffrey Lermer, FCA (Senior Statutory Auditor)
for and on behalf of JLA (UK) Ltd
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

25 June 2024

COSBY BRUSHES (CHRH) LTD (REGISTERED NUMBER: 00197935)

Consolidated Income Statement
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   

TURNOVER 3 6,736,661 11,095,627

Cost of sales 4,117,557 7,150,566
GROSS PROFIT 2,619,104 3,945,061

Distribution costs 635,662 694,796
Administrative expenses 3,454,546 2,676,795
4,090,208 3,371,591
(1,471,104 ) 573,470

Other operating income 544,691 460,119
OPERATING (LOSS)/PROFIT 6 (926,413 ) 1,033,589

Income from shares in group undertakings 52 5
Interest receivable and similar income 1,947 840
1,999 845
(924,414 ) 1,034,434

Interest payable and similar expenses 8 - 1,180
(LOSS)/PROFIT BEFORE TAXATION (924,414 ) 1,033,254

Tax on (loss)/profit 9 - 95,532
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(924,414

)

937,722
(Loss)/profit attributable to:
Owners of the parent (570,610 ) 731,753
Non-controlling interests (353,804 ) 205,969
(924,414 ) 937,722

COSBY BRUSHES (CHRH) LTD (REGISTERED NUMBER: 00197935)

Consolidated Other Comprehensive Income
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £    £   

(LOSS)/PROFIT FOR THE YEAR (924,414 ) 937,722


OTHER COMPREHENSIVE INCOME
Minority interest revaluation reserve
Income tax relating to other comprehensive
income

-

-
OTHER COMPREHENSIVE INCOME FOR
THE YEAR, NET OF INCOME TAX

-

-
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

(924,414

)

937,722

Total comprehensive income attributable to:
Owners of the parent (495,212 ) 956,734
Non-controlling interests (429,202 ) (19,012 )
(924,414 ) 937,722

COSBY BRUSHES (CHRH) LTD (REGISTERED NUMBER: 00197935)

Consolidated Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 12 4,706,374 4,781,200
Investments 13 4,266 3,704
4,710,640 4,784,904

CURRENT ASSETS
Stocks 14 2,002,939 2,170,656
Debtors 15 1,953,570 1,638,350
Cash at bank and in hand 1,015,477 2,285,620
4,971,986 6,094,626
CREDITORS
Amounts falling due within one year 16 781,031 771,730
NET CURRENT ASSETS 4,190,955 5,322,896
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,901,595

10,107,800

PROVISIONS FOR LIABILITIES 18 947,292 947,292
NET ASSETS 7,954,303 9,160,508

CAPITAL AND RESERVES
Called up share capital 19 31,901 31,901
Revaluation reserve 20 2,299,891 2,520,449
Retained earnings 20 3,161,435 3,938,438
SHAREHOLDERS' FUNDS 5,493,227 6,490,788

NON-CONTROLLING INTERESTS 21 2,461,076 2,669,720
TOTAL EQUITY 7,954,303 9,160,508

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2024 and were signed on its behalf by:





A H L Cosby - Director


COSBY BRUSHES (CHRH) LTD (REGISTERED NUMBER: 00197935)

Company Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 12 - -
Investments 13 52,729 52,166
52,729 52,166

CURRENT ASSETS
Debtors 15 8,378 8,564
Cash at bank 36,546 97,891
44,924 106,455
CREDITORS
Amounts falling due within one year 16 63,341 77,807
NET CURRENT (LIABILITIES)/ASSETS (18,417 ) 28,648
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,312

80,814

CAPITAL AND RESERVES
Called up share capital 19 31,901 31,901
Retained earnings 20 2,411 48,913
SHAREHOLDERS' FUNDS 34,312 80,814

Company's profit for the financial year 230,914 285,937

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2024 and were signed on its behalf by:





A H L Cosby - Director


COSBY BRUSHES (CHRH) LTD (REGISTERED NUMBER: 00197935)

Consolidated Statement of Changes in Equity
for the Year Ended 31 December 2023

Called up
share Retained Revaluati
capital earnings reserve
£    £    £   
Balance at 1 January 2022 31,901 3,488,278 2,520,449

Changes in equity
Dividends - (281,593 ) -
Total comprehensive income - 731,753 -
Balance at 31 December 2022 31,901 3,938,438 2,520,449

Changes in equity
Dividends - (277,416 ) -
Total comprehensive income - (499,585 ) (220,558 )
Balance at 31 December 2023 31,901 3,161,437 2,299,891
Non-controlling Total
Total interests equity
£    £    £   
Balance at 1 January 2022 6,040,628 2,688,732 8,729,360

Changes in equity
Dividends (281,593 ) - (281,593 )
Total comprehensive income 731,753 (19,012 ) 712,741
Balance at 31 December 2022 6,490,788 2,669,720 9,160,508

Changes in equity
Dividends (277,416 ) - (277,416 )
Total comprehensive income (720,143 ) (429,202 ) (1,149,345 )
Balance at 31 December 2023 5,493,229 2,240,518 7,733,747

COSBY BRUSHES (CHRH) LTD (REGISTERED NUMBER: 00197935)

Company Statement of Changes in Equity
for the Year Ended 31 December 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2022 31,901 44,609 76,510

Changes in equity
Dividends - (281,633 ) (281,633 )
Total comprehensive income - 285,937 285,937
Balance at 31 December 2022 31,901 48,913 80,814

Changes in equity
Dividends - (277,416 ) (277,416 )
Total comprehensive income - 230,914 230,914
Balance at 31 December 2023 31,901 2,411 34,312

COSBY BRUSHES (CHRH) LTD (REGISTERED NUMBER: 00197935)

Consolidated Cash Flow Statement
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 (629,715 ) 1,386,458
Interest element of hire purchase or finance
lease rental payments paid

-

(1,180

)
Tax paid (222,837 ) (208,670 )
Net cash from operating activities (852,552 ) 1,176,608

Cash flows from investing activities
Purchase of tangible fixed assets (136,523 ) (271,584 )
Purchase of fixed asset investments (562 ) -
Interest received 1,947 840
Dividends received 52 5
Net cash from investing activities (135,086 ) (270,739 )

Cash flows from financing activities
Capital repayments in year - (5,764 )
Amount introduced by directors 15,474 1,808
Amount withdrawn by directors (7,549 ) (4,255 )
Equity dividends paid (286,057 ) (273,398 )
Dividends paid to minority interests (4,373 ) (4,373 )
Net cash from financing activities (282,505 ) (285,982 )

(Decrease)/increase in cash and cash equivalents (1,270,143 ) 619,887
Cash and cash equivalents at beginning
of year

2

2,285,620

1,665,733

Cash and cash equivalents at end of year 2 1,015,477 2,285,620

COSBY BRUSHES (CHRH) LTD (REGISTERED NUMBER: 00197935)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 31 December 2023

1. RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS
31.12.23 31.12.22
£    £   
(Loss)/profit before taxation (924,414 ) 1,033,254
Depreciation charges 211,348 213,191
Finance costs - 1,180
Finance income (1,999 ) (845 )
(715,065 ) 1,246,780
Decrease/(increase) in stocks 167,717 (476,344 )
(Increase)/decrease in trade and other debtors (315,495 ) 856,485
Increase/(decrease) in trade and other creditors 233,128 (240,463 )
Cash generated from operations (629,715 ) 1,386,458

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2023
31.12.23 1.1.23
£    £   
Cash and cash equivalents 1,015,477 2,285,620
Year ended 31 December 2022
31.12.22 1.1.22
£    £   
Cash and cash equivalents 2,285,620 1,665,733


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.23 Cash flow At 31.12.23
£    £    £   
Net cash
Cash at bank and in hand 2,285,620 (1,270,143 ) 1,015,477
2,285,620 (1,270,143 ) 1,015,477
Total 2,285,620 (1,270,143 ) 1,015,477

COSBY BRUSHES (CHRH) LTD (REGISTERED NUMBER: 00197935)

Notes to the Consolidated Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Cosby Brushes (CHRH) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with 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 cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates
No significant judgements have had to be made by management in preparing these financial statements.

The directors have also made key assumptions in the determination of the fair value of a freehold property in respect of the state of the property market in the location where the property is situated and is respect of the range of reasonable fair value estimates of the asset.

Turnover
Turnover, stated net of value added tax, represents amounts invoiced to third parties. The group's turnover is derived from its principal activity carried out in worldwide territories. The directors do not consider any one part of the worldwide market to be significantly different from any other.

Income is recognised as stock is delivered to or collected by customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant & Equipment - 20% on Cost, 10% on cost and Straight line over 20 years
Motor vehicles - 20% on Cost

Freehold Property
Land and buildings include a freehold factory and office building. Land and buildings are carried at their revalued amounts, being fair value at the date of valuation less subsequent depreciation and impairment losses. Revaluations are performed by professional qualified valuers with sufficient regularity to ensure that the carrying amounts do not differ materially from those that would be determined using fair values at the end of each reporting period.

Any revaluation increase in the carrying amount of Land and buildings is recognised in other comprehensive income and included in a revaluation reserve in equity, except to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss, in which case the increase is credited to profit and loss to the extent of the decrease previously expended.
Decreases that offset previous increases of the same asset are charged in other comprehensive income and debited against revaluation reserve in equity.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
These are valued on a first in first out basis at the lower of cost and net realisable value. In respect of work in progress and finished goods cost includes overheads, transportation and duty costs, where appropriate. Loose tools have been included in stock, where in the opinion of the Directors it is reasonable to do so.


COSBY BRUSHES (CHRH) LTD (REGISTERED NUMBER: 00197935)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of transactions. Balances denominated in foreign currency are translated into sterling at the exchange rate prevailing at the Balance Sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Assets acquired under hire purchase contracts and finance leases are capitalised as fixed assets and depreciated in accordance with the above Accounting Policy. Full provision is made for the capital cost outstanding of each assets so acquired, the interest element being written off as incurred.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

The company operates a defined contribution pension scheme. The assets of the scheme are held those separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund.

COSBY BRUSHES (CHRH) LTD (REGISTERED NUMBER: 00197935)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from bank and other third parties, loans to related parties.

Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method; Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate. Which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to a significant risk to changes in value.

3. TURNOVER

The turnover and loss (2022 - profit) before taxation are attributable to the one principal activity of the group.

An analysis of turnover by geographical market is given below:

31.12.23 31.12.22
£    £   
United Kingdom 1,653,294 4,161,798
Europe 456,372 495,424
United States of America 435,776 606,376
Asia 4,015,986 5,588,194
Rest of the world 175,233 243,835
6,736,661 11,095,627

COSBY BRUSHES (CHRH) LTD (REGISTERED NUMBER: 00197935)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2023

4. EMPLOYEES AND DIRECTORS
31.12.23 31.12.22
£    £   
Wages and salaries 1,400,842 1,420,471
Social security costs 151,191 147,621
Other pension costs 99,790 89,758
1,651,823 1,657,850

The average number of employees during the year was as follows:
31.12.23 31.12.22

Management 6 4
Production 25 34
Sales 2 3
Administration 6 9
39 50

The average number of employees by undertakings that were proportionately consolidated during the year was 39 (2022 - NIL ) .

5. DIRECTORS' EMOLUMENTS
31.12.23 31.12.22
£    £   
Directors' remuneration 18,200 17,862

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 3 3

6. OPERATING (LOSS)/PROFIT

The operating loss (2022 - operating profit) is stated after charging:

31.12.23 31.12.22
£    £   
Depreciation - owned assets 167,647 166,266
Depreciation - assets on hire purchase contracts or finance leases 43,701 46,925
Auditors' remuneration 13,000 18,000

7. EXCEPTIONAL ITEMS
31.12.23 31.12.22
£    £   
Exceptional items (978,039 ) -

8. INTEREST PAYABLE AND SIMILAR EXPENSES
31.12.23 31.12.22
£    £   
Hire purchase - 1,180

COSBY BRUSHES (CHRH) LTD (REGISTERED NUMBER: 00197935)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2023

9. TAXATION

Analysis of the tax charge
The tax charge on the loss for the year was as follows:
31.12.23 31.12.22
£    £   
Current tax:
UK corporation tax - 75,193

Deferred tax - 20,339
Tax on (loss)/profit - 95,532

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.12.23 31.12.22
£    £   
(Loss)/profit before tax (924,414 ) 1,033,255
(Loss)/profit multiplied by the standard rate of corporation tax in the UK of 25
% (2022 - 19 %)

(231,104

)

196,318

Effects of:
Depreciation in excess of capital allowances 11,895 2,092
Deferred tax - 20,339
Research & development - (123,500 )
Additional tax charges - 283
balancing charges

Tax losses carried forward 219,209 -
Total tax charge - 95,532

** PROFIT BEFORE TAX FOR LAST YEAR ON CLIENT SCREEN OF 1,033,255
DOES NOT AGREE TO AMOUNT ON INCOME STATEMENT OF 1,033,254

Tax effects relating to effects of other comprehensive income

There were no tax effects for the year ended 31 December 2023.

31.12.22
Gross Tax Net
£    £    £   
Minority interest revaluation reserve

10. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


COSBY BRUSHES (CHRH) LTD (REGISTERED NUMBER: 00197935)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2023

11. DIVIDENDS
31.12.23 31.12.22
£    £   
A Class Non Voting share of £1
Interim 1,000 2,000
B Class Non Voting share of £1
Interim 47,463 50,640
D Ordinary shares of £1 each
Interim 88,768 89,768
F Class Non Voting share of £1
Interim 88,482 87,482
G Class Non Voting share of £1
Interim 28,014 28,014
H Class Non Voting share of £1
Interim 23,689 23,689
277,416 281,593

12. TANGIBLE FIXED ASSETS

Group
Freehold Plant & Motor
property Equipment vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2023 4,197,149 1,960,109 222,513 6,379,771
Additions - 136,523 - 136,523
At 31 December 2023 4,197,149 2,096,632 222,513 6,516,294
DEPRECIATION
At 1 January 2023 439,290 960,319 198,963 1,598,572
Charge for year 53,943 139,419 17,986 211,348
At 31 December 2023 493,233 1,099,738 216,949 1,809,920
NET BOOK VALUE
At 31 December 2023 3,703,916 996,894 5,564 4,706,374
At 31 December 2022 3,757,859 999,790 23,550 4,781,199

Included in cost or valuation of land and buildings is freehold land of £1,500,000 (2022 - £1,500,000) which is not depreciated.

Cost or valuation at 31 December 2023 is represented by:

Freehold Plant & Motor
property Equipment vehicles Totals
£    £    £    £   
Valuation in 1984 498,798 - - 498,798
Valuation in 2013 2,437,883 - - 2,437,883
Cost 1,260,468 2,096,632 222,513 3,579,613
4,197,149 2,096,632 222,513 6,516,294

COSBY BRUSHES (CHRH) LTD (REGISTERED NUMBER: 00197935)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2023

12. TANGIBLE FIXED ASSETS - continued

Group

If freehold property had not been revalued it would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 1,260,468 1,260,468
Aggregate depreciation 439,290 439,290

Value of land in freehold land and buildings 405,595 405,595

Freehold property was valued on an open market value basis on 20 June 2019 by Aitchison Rafferty Property Consultants .

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant & Motor
Equipment vehicles Totals
£    £    £   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 385,728 111,425 497,153
DEPRECIATION
At 1 January 2023 146,765 87,875 234,640
Charge for year 25,715 17,986 43,701
At 31 December 2023 172,480 105,861 278,341
NET BOOK VALUE
At 31 December 2023 213,248 5,564 218,812
At 31 December 2022 238,963 23,550 262,513

13. FIXED ASSET INVESTMENTS

Group
Shares in
group Unlisted
undertakings investments Totals
£    £    £   
COST
At 1 January 2023 3,684 20 3,704
Additions 562 - 562
At 31 December 2023 4,246 20 4,266
NET BOOK VALUE
At 31 December 2023 4,246 20 4,266
At 31 December 2022 3,684 20 3,704

COSBY BRUSHES (CHRH) LTD (REGISTERED NUMBER: 00197935)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2023

13. FIXED ASSET INVESTMENTS - continued

Company
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2023 52,146 20 52,166
Additions 563 - 563
At 31 December 2023 52,709 20 52,729
NET BOOK VALUE
At 31 December 2023 52,709 20 52,729
At 31 December 2022 52,146 20 52,166

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

GB Kent & sons PLC
Registered office: London road, Apsley, Hemel Hempstead, Hertfordshire, HP3 9SS
Nature of business: Manufacture of personal grooming brushes
%
Class of shares: holding
Ordinary 70.46
Preference 65.07
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 8,018,453 9,128,155
(Loss)/profit for the year (826,550 ) 941,765


14. STOCKS

Group
31.12.23 31.12.22
£    £   
Stocks 362,611 362,611
Raw materials 785,166 929,924
Work-in-progress 167,035 252,552
Finished goods 688,127 625,569
2,002,939 2,170,656

COSBY BRUSHES (CHRH) LTD (REGISTERED NUMBER: 00197935)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2023

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.12.23 31.12.22 31.12.23 31.12.22
£    £    £    £   
Trade debtors 1,247,862 928,268 - -
Other debtors 261,730 325,605 - -
Directors' current accounts 51,754 52,028 - 236
Prepayments and accrued income 392,224 332,449 8,378 8,328
1,953,570 1,638,350 8,378 8,564

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.12.23 31.12.22 31.12.23 31.12.22
£    £    £    £   
Trade creditors 700,469 395,889 - -
Amounts owed to group undertakings - - 17,151 36,160
Tax (222,837 ) - - -
Social security and other taxes 53,779 66,681 - -
VAT 36,464 837 - -
Proposed dividends 2,609 11,250 - -
Other creditors 34,436 29,836 19,480 18,781
Directors' current accounts 25,557 17,906 26,460 17,866
Accruals and deferred income 150,554 249,331 250 5,000
781,031 771,730 63,341 77,807

17. SECURED DEBTS

The bank hold a charge over the freehold land and buildings and a floating charge over the companies assets.

18. PROVISIONS FOR LIABILITIES

Group
31.12.23 31.12.22
£    £   
Deferred tax
Accelerated capital allowances 205,331 205,331
Deferred tax 741,961 741,961
947,292 947,292

Group
Deferred
tax
£   
Balance at 1 January 2023 947,292
Movement in the year
Balance at 31 December 2023 947,292

COSBY BRUSHES (CHRH) LTD (REGISTERED NUMBER: 00197935)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2023

19. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 A Class Non Voting £1 1 1
1 B Class Non Voting £1 1 1
3,068 D Ordinary £1 3,068 3,068
1 F Class Non Voting £1 1 1
1 G Class Non Voting £1 1 1
1 H Class Non Voting £1 1 1
3,073 3,073

Allotted and issued:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
25,760 Preference shares of 62.5p £1 25,760 25,760
3,068 E Ordinary shares £1 3,068 3,068
28,828 28,828

20. RESERVES

Group
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2023 3,938,436 2,520,449 6,458,885
Deficit for the year (570,610 ) (570,610 )
Dividends (277,416 ) (277,416 )
Minority interest share 71,025 (220,558 ) (149,533 )
At 31 December 2023 3,161,435 2,299,891 5,461,326

Company
Retained
earnings
£   

At 1 January 2023 48,913
Profit for the year 230,914
Dividends (277,416 )
At 31 December 2023 2,411


COSBY BRUSHES (CHRH) LTD (REGISTERED NUMBER: 00197935)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2023

21. NON-CONTROLLING INTERESTS

During the year the Minority Interests share of G B Kent & Sons PLC decreased by £353,804 (2022: Increased £205,969) and they received dividends amounting to £4,373 (2022: £4,423). At the end of the year the equity interest amounted to £1,765,311 (2022: £2,022,229) and the non equity interest amounted to £695,765 (2022: £807,294).

22. CONTINGENT LIABILITIES

The company has a Customs and Excise deferment guarantee of £10,000.


The company received a claim from a former employee in regards to a historic health condition where a potential liability may arise on the company. The company is currently in the process of liaising with legal advisers and insurance providers. It is the opinion of the directors that any such liability will be mainly covered by their insurance providers

23. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the group was owed £51,754 (2022: £52,028) by the directors, interest is charged on the outstanding balance. Part of the loan was repaid within 9 months of the year end.

At the balance sheet date, the group owed £25,557 (2022: £17,906) to the directors.

24. ULTIMATE CONTROLLING PARTY

The controlling party is A H L Cosby.