Cougar Developments (Glanford) Limited 01762481 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is that of manufacturing temporary road sign frames and motor accessories. Digita Accounts Production Advanced 6.30.9574.0 true false true 01762481 2022-11-01 2023-10-31 01762481 2023-10-31 01762481 bus:OrdinaryShareClass1 2023-10-31 01762481 bus:OrdinaryShareClass2 2023-10-31 01762481 bus:OrdinaryShareClass3 2023-10-31 01762481 bus:OrdinaryShareClass4 2023-10-31 01762481 core:RetainedEarningsAccumulatedLosses 2023-10-31 01762481 core:ShareCapital 2023-10-31 01762481 core:CurrentFinancialInstruments 2023-10-31 01762481 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 01762481 core:AdditionsToInvestments 2023-10-31 01762481 core:FurnitureFittingsToolsEquipment 2023-10-31 01762481 core:LandBuildings 2023-10-31 01762481 core:MotorVehicles 2023-10-31 01762481 bus:SmallEntities 2022-11-01 2023-10-31 01762481 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 01762481 bus:FullAccounts 2022-11-01 2023-10-31 01762481 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 01762481 bus:RegisteredOffice 2022-11-01 2023-10-31 01762481 bus:Director3 2022-11-01 2023-10-31 01762481 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 01762481 bus:OrdinaryShareClass2 2022-11-01 2023-10-31 01762481 bus:OrdinaryShareClass3 2022-11-01 2023-10-31 01762481 bus:OrdinaryShareClass4 2022-11-01 2023-10-31 01762481 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 01762481 core:FurnitureFittings 2022-11-01 2023-10-31 01762481 core:FurnitureFittingsToolsEquipment 2022-11-01 2023-10-31 01762481 core:LandBuildings 2022-11-01 2023-10-31 01762481 core:MotorVehicles 2022-11-01 2023-10-31 01762481 core:PlantMachinery 2022-11-01 2023-10-31 01762481 countries:England 2022-11-01 2023-10-31 01762481 2022-10-31 01762481 core:FurnitureFittingsToolsEquipment 2022-10-31 01762481 core:LandBuildings 2022-10-31 01762481 core:MotorVehicles 2022-10-31 01762481 2021-11-01 2022-10-31 01762481 2022-10-31 01762481 bus:OrdinaryShareClass1 2022-10-31 01762481 bus:OrdinaryShareClass2 2022-10-31 01762481 bus:OrdinaryShareClass3 2022-10-31 01762481 bus:OrdinaryShareClass4 2022-10-31 01762481 core:RetainedEarningsAccumulatedLosses 2022-10-31 01762481 core:ShareCapital 2022-10-31 01762481 core:CurrentFinancialInstruments 2022-10-31 01762481 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 01762481 core:FurnitureFittingsToolsEquipment 2022-10-31 01762481 core:LandBuildings 2022-10-31 01762481 core:MotorVehicles 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01762481

Cougar Developments (Glanford) Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Cougar Developments (Glanford) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Cougar Developments (Glanford) Limited

(Registration number: 01762481)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

660,637

627,453

Investments

5

100

-

 

660,737

627,453

Current assets

 

Stocks

152,324

316,492

Debtors

6

872,886

278,039

Cash at bank and in hand

 

398,968

312,619

 

1,424,178

907,150

Creditors: Amounts falling due within one year

7

(598,592)

(302,978)

Net current assets

 

825,586

604,172

Total assets less current liabilities

 

1,486,323

1,231,625

Provisions for liabilities

(86,705)

(58,056)

Net assets

 

1,399,618

1,173,569

Capital and reserves

 

Called up share capital

8

130

130

Retained earnings

1,399,488

1,173,439

Shareholders' funds

 

1,399,618

1,173,569

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.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Cougar Developments (Glanford) Limited

(Registration number: 01762481)
Balance Sheet as at 31 October 2023

Approved and authorised by the Board on 30 July 2024 and signed on its behalf by:
 


Mr R E Watkins
Director

   
 

Cougar Developments (Glanford) 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.

The address of its registered office is:
6th Avenue
Flixborough Industrial Estate
Scunthorpe
North Lincolnshire
DN15 8SH

Registration number: 01762481

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.

Group accounts not prepared

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements on the grounds that is a small sized group..

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Cougar Developments (Glanford) Limited

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

Tax

The tax expense for the period comprises current and 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 in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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

Plant and machinery

15% reducing balance

Motor vehicles

25% reducing balance

Leasehold improvements

over 15 years

Leasehold property

over 50 years

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Cougar Developments (Glanford) Limited

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

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Cougar Developments (Glanford) Limited

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 30 (2022 - 20).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2022

320,001

704,109

15,863

1,039,973

Additions

-

80,739

-

80,739

At 31 October 2023

320,001

784,848

15,863

1,120,712

Depreciation

At 1 November 2022

10,126

393,723

8,671

412,520

Charge for the year

6,400

39,356

1,799

47,555

At 31 October 2023

16,526

433,079

10,470

460,075

Carrying amount

At 31 October 2023

303,475

351,769

5,393

660,637

At 31 October 2022

309,875

310,386

7,192

627,453

Included within the net book value of land and buildings above is £303,475 (2022 - £309,875) in respect of long leasehold land and buildings.
 

5

Investments

2023
£

2022
£

Investments in subsidiaries

100

-

Subsidiaries

£

Cost or valuation

Additions

100

Carrying amount

At 31 October 2023

100

 

Cougar Developments (Glanford) Limited

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

6

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

607,941

252,579

Amounts owed by related parties

3,400

-

Prepayments

 

5,106

24,110

Other debtors

 

256,439

1,350

   

872,886

278,039

 

Cougar Developments (Glanford) Limited

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

7

Creditors

Note

2023
£

2022
£

Due within one year

 

Trade payables

 

375,933

135,050

Amounts due to related parties

55,962

56,666

Social security and other taxes

 

132,533

77,743

Other payables

 

34,164

33,519

 

598,592

302,978

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

Ordinary class A shares of £1 each

10

10

10

10

Ordinary class B shares of £1 each

10

10

10

10

Ordinary class C shares of £1 each

10

10

10

10

 

130

130

130

130