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REGISTERED NUMBER: 04778280 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

COTSWOLD CARRIERS REMOVALS LIMITED

COTSWOLD CARRIERS REMOVALS LIMITED (REGISTERED NUMBER: 04778280)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COTSWOLD CARRIERS REMOVALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: D Cooper





REGISTERED OFFICE: 2b Marston House
Cromwell Business Park
Chipping Norton
Oxfordshire
OX7 5SR





REGISTERED NUMBER: 04778280 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
2B Marston House
Cromwell Business Park
Chipping Norton
Oxfordshire
OX7 5SR

COTSWOLD CARRIERS REMOVALS LIMITED (REGISTERED NUMBER: 04778280)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 459,097 527,067
459,097 527,067

CURRENT ASSETS
Stocks 3,500 3,500
Debtors 6 111,389 136,587
Cash at bank and in hand 242,244 255,469
357,133 395,556
CREDITORS
Amounts falling due within one year 7 362,631 365,009
NET CURRENT (LIABILITIES)/ASSETS (5,498 ) 30,547
TOTAL ASSETS LESS CURRENT
LIABILITIES

453,599

557,614

CREDITORS
Amounts falling due after more than one year 8 (115,892 ) (186,645 )

PROVISIONS FOR LIABILITIES 11 (170,845 ) (167,977 )
NET ASSETS 166,862 202,992

CAPITAL AND RESERVES
Called up share capital 12 165 165
Share premium 5,845 5,845
Retained earnings 160,852 196,982
SHAREHOLDERS' FUNDS 166,862 202,992

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

COTSWOLD CARRIERS REMOVALS LIMITED (REGISTERED NUMBER: 04778280)

BALANCE SHEET - continued
31 OCTOBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





D Cooper - Director


COTSWOLD CARRIERS REMOVALS LIMITED (REGISTERED NUMBER: 04778280)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Cotswold Carriers Removals Limited 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 Company Information page.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue for the provision of services is recognised when it is probable that an economic benefit will flow to the entity and the Revenue costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business on 1 November 2003, has now being written off equally over its useful expected life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Leasehold Improvements - Straight line over 10 years
Plant & Machinery - 20% on reducing balance
Motor Vehicles - 20% on reducing balance

Work in progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


COTSWOLD CARRIERS REMOVALS LIMITED (REGISTERED NUMBER: 04778280)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts are capitalised in the balance sheet and are depreciated over their estimated useful lives.

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

Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged against profit as incurred.

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

Provisions
Provisions are recognised when the Company has a present obligation as a result of past events, if it is probable that an outflow of funds will be required to settle the obligation and a realisable estimate of the amount and obligations can be made.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 13 ) .

COTSWOLD CARRIERS REMOVALS LIMITED (REGISTERED NUMBER: 04778280)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 30,000
AMORTISATION
At 1 November 2022
and 31 October 2023 30,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Leasehold Plant & Motor
Improvements Machinery Vehicles Totals
£    £    £    £   
COST
At 1 November 2022 64,255 303,552 1,005,013 1,372,820
Additions - 166 49,100 49,266
Disposals - - (141,353 ) (141,353 )
At 31 October 2023 64,255 303,718 912,760 1,280,733
DEPRECIATION
At 1 November 2022 36,960 190,932 617,861 845,753
Charge for year 6,425 19,071 86,127 111,623
Eliminated on disposal - - (135,740 ) (135,740 )
At 31 October 2023 43,385 210,003 568,248 821,636
NET BOOK VALUE
At 31 October 2023 20,870 93,715 344,512 459,097
At 31 October 2022 27,295 112,620 387,152 527,067

COTSWOLD CARRIERS REMOVALS LIMITED (REGISTERED NUMBER: 04778280)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant & Motor
Machinery Vehicles Totals
£    £    £   
COST
At 1 November 2022 30,750 438,893 469,643
Additions - 38,500 38,500
At 31 October 2023 30,750 477,393 508,143
DEPRECIATION
At 1 November 2022 13,316 147,950 161,266
Charge for year 3,487 65,888 69,375
At 31 October 2023 16,803 213,838 230,641
NET BOOK VALUE
At 31 October 2023 13,947 263,555 277,502
At 31 October 2022 17,434 290,943 308,377

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade Debtors 43,696 88,642
Other Debtors 29,689 5,692
Prepayments & Accrued Income 38,004 42,253
111,389 136,587

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 94,512 93,404
Trade creditors 73,950 60,399
Tax 47,215 54,124
PAYE & other taxes 12,773 7,232
VAT 66,734 61,238
Directors' current accounts 13,607 34,772
Accruals & Deferred Income 53,840 53,840
362,631 365,009

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 115,892 186,645

COTSWOLD CARRIERS REMOVALS LIMITED (REGISTERED NUMBER: 04778280)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 94,512 93,404
Between one and five years 115,892 186,645
210,404 280,049


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 210,404 280,049

Hire purchase contracts are secured against the assets they relate to.

The company has a debenture charge from HSBC Bank plc in respect of the overdraft facilities. The charge relates to fixed and floating charges over the undertaking and all property and assets present and future.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 100,889 95,813
Remedial provisions 69,956 72,164
170,845 167,977

Deferred Remedial
tax provision
£    £   
Balance at 1 November 2022 95,813 72,164
Provided during year 5,076 (2,209 )
Movement in Provision
Balance at 31 October 2023 100,889 69,955

COTSWOLD CARRIERS REMOVALS LIMITED (REGISTERED NUMBER: 04778280)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
63 Ordinary A £1 63 63
100 Ordinary B £1 100 100
2 Ordinary C £1 2 2
165 165