IRIS Accounts Production v24.1.9.2 12442284 director 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh124422842023-02-28124422842024-02-29124422842023-03-012024-02-29124422842022-02-28124422842022-03-012023-02-28124422842023-02-2812442284ns15:EnglandWales2023-03-012024-02-2912442284ns14:PoundSterling2023-03-012024-02-2912442284ns10:Director12023-03-012024-02-2912442284ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2912442284ns10:SmallEntities2023-03-012024-02-2912442284ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2912442284ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2912442284ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2912442284ns10:FullAccounts2023-03-012024-02-2912442284ns10:RegisteredOffice2023-03-012024-02-2912442284ns5:CurrentFinancialInstruments2024-02-2912442284ns5:CurrentFinancialInstruments2023-02-2812442284ns5:Non-currentFinancialInstruments2024-02-2912442284ns5:Non-currentFinancialInstruments2023-02-2812442284ns5:ShareCapital2024-02-2912442284ns5:ShareCapital2023-02-2812442284ns5:RetainedEarningsAccumulatedLosses2024-02-2912442284ns5:RetainedEarningsAccumulatedLosses2023-02-2812442284ns5:ComputerEquipment2023-03-012024-02-2912442284ns5:ComputerEquipment2023-02-2812442284ns5:ComputerEquipment2024-02-2912442284ns5:ComputerEquipment2023-02-2812442284ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2912442284ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28
REGISTERED NUMBER: 12442284 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

The Cotswold Assistant Limited

The Cotswold Assistant Limited (Registered number: 12442284)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The Cotswold Assistant Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mrs C E Norman



REGISTERED OFFICE: Witcombe Farm Cottage
Witcombe
Gloucester
Gloucestershire
GL3 4TP



REGISTERED NUMBER: 12442284 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Santander
Bank Account 4
Bridle Road
Bootle
Merseyside
L30 4GB

The Cotswold Assistant Limited (Registered number: 12442284)

Statement of Financial Position
29 February 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 615 1,538

CURRENT ASSETS
Debtors 5 3,244 3,099
Cash at bank 11,390 15,982
14,634 19,081
CREDITORS
Amounts falling due within one year 6 12,420 15,807
NET CURRENT ASSETS 2,214 3,274
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,829

4,812

CREDITORS
Amounts falling due after more than one
year

7

2,333

3,733
NET ASSETS 496 1,079

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 396 979
SHAREHOLDERS' FUNDS 496 1,079

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The Cotswold Assistant Limited (Registered number: 12442284)

Statement of Financial Position - continued
29 February 2024


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 22 July 2024 and were signed by:





Mrs C E Norman - Director


The Cotswold Assistant Limited (Registered number: 12442284)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

The Cotswold Assistant 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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 statement of financial position date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
The company took out a Government backed Bounce Back Loan to assist with cash flow. The director has reviewed the future cash flows of the business and has expressed her willingness to financially support the company for the foreseeable future, therefore deeming the going concern basis of preparation to be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

The Cotswold Assistant Limited (Registered number: 12442284)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1 March 2023 5,476
Additions 468
At 29 February 2024 5,944
Depreciation
At 1 March 2023 3,938
Charge for year 1,391
At 29 February 2024 5,329
Net book value
At 29 February 2024 615
At 28 February 2023 1,538

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 1,042 224
Other debtors 2,202 2,875
3,244 3,099

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans and overdrafts 1,400 1,400
Trade creditors 27 52
Taxation and social security 403 580
Other creditors 10,590 13,775
12,420 15,807

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29/2/24 28/2/23
£    £   
Bank loans 2,333 3,733

8. RELATED PARTY DISCLOSURES

Director - Mrs C E Norman

At 29 February 2024, the director was owed £9,690 (2023 - £12,875) by the company. The balance outstanding, included within other creditors, is made up of business expenses not yet reimbursed and declared dividends directly credited to the director's loan account. The loan balance is interest free and payable to the director on demand.