12
31/12/2023
2023-12-31
true
false
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No description of principal activities is disclosed
2023-01-01
Sage Accounts Production 23.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
05897213
2023-01-01
2023-12-31
05897213
2023-12-31
05897213
2022-12-31
05897213
2022-01-01
2022-12-31
05897213
2022-12-31
05897213
2021-12-31
05897213
core:NetGoodwill
2023-01-01
2023-12-31
05897213
core:PlantMachinery
2023-01-01
2023-12-31
05897213
core:MotorVehicles
2023-01-01
2023-12-31
05897213
bus:RegisteredOffice
2023-01-01
2023-12-31
05897213
bus:LeadAgentIfApplicable
2023-01-01
2023-12-31
05897213
bus:Director1
2023-01-01
2023-12-31
05897213
bus:Director2
2023-01-01
2023-12-31
05897213
core:NetGoodwill
2022-12-31
05897213
core:NetGoodwill
2023-12-31
05897213
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-12-31
05897213
core:FurnitureFittingsToolsEquipment
2022-12-31
05897213
core:MotorVehicles
2022-12-31
05897213
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-12-31
05897213
core:LandBuildings
core:ShortLeaseholdAssets
2023-12-31
05897213
core:FurnitureFittingsToolsEquipment
2023-12-31
05897213
core:MotorVehicles
2023-12-31
05897213
core:WithinOneYear
2023-12-31
05897213
core:WithinOneYear
2022-12-31
05897213
core:AfterOneYear
2023-12-31
05897213
core:AfterOneYear
2022-12-31
05897213
core:RetainedEarningsAccumulatedLosses
2022-01-01
2022-12-31
05897213
core:RevaluationReserve
2023-01-01
2023-12-31
05897213
core:RetainedEarningsAccumulatedLosses
2023-01-01
2023-12-31
05897213
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-01-01
2023-12-31
05897213
core:LandBuildings
core:ShortLeaseholdAssets
2023-01-01
2023-12-31
05897213
core:FurnitureFittingsToolsEquipment
2023-01-01
2023-12-31
05897213
core:ShareCapital
2023-12-31
05897213
core:ShareCapital
2022-12-31
05897213
core:RevaluationReserve
2023-12-31
05897213
core:RevaluationReserve
2022-12-31
05897213
core:RetainedEarningsAccumulatedLosses
2023-12-31
05897213
core:RetainedEarningsAccumulatedLosses
2022-12-31
05897213
core:ShareCapital
2021-12-31
05897213
core:RevaluationReserve
2021-12-31
05897213
core:RetainedEarningsAccumulatedLosses
2021-12-31
05897213
core:RestatedAmount
core:ShareCapital
2021-12-31
05897213
core:RestatedAmount
core:RevaluationReserve
2021-12-31
05897213
core:RestatedAmount
core:RetainedEarningsAccumulatedLosses
2021-12-31
05897213
core:NetGoodwill
2022-12-31
05897213
core:AcceleratedTaxDepreciationDeferredTax
2023-12-31
05897213
core:AcceleratedTaxDepreciationDeferredTax
2022-12-31
05897213
core:RevaluationPropertyPlantEquipmentDeferredTax
2023-12-31
05897213
core:RevaluationPropertyPlantEquipmentDeferredTax
2022-12-31
05897213
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-12-31
05897213
core:FurnitureFittingsToolsEquipment
2022-12-31
05897213
core:MotorVehicles
2022-12-31
05897213
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2023-01-01
2023-12-31
05897213
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2023-01-01
2023-12-31
05897213
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2023-01-01
2023-12-31
05897213
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2023-01-01
2023-12-31
05897213
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2023-01-01
2023-12-31
05897213
1
2023-01-01
2023-12-31
05897213
core:RevaluationReserve
1
2023-01-01
2023-12-31
Company registration number:
05897213
Cooper Barnes Limited
Unaudited filleted financial statements
31 December 2023
Cooper Barnes Limited
Contents
Directors and other information
Accountants report
Statement of comprehensive income
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Cooper Barnes Limited
Directors and other information
|
|
|
|
Directors |
Mr DS Cooper |
|
|
Mr MT Cooper |
|
|
|
|
|
|
|
Company number |
05897213 |
|
|
|
|
|
|
|
Registered office |
Unit 2 |
|
|
The Grip Industrial Estate |
|
|
Linton |
|
|
Cambridge |
|
|
CB21 4XN |
|
|
|
|
|
|
|
Business address |
Unit 2 |
|
|
The Grip Industrial Estate |
|
|
Linton |
|
|
Cambridge |
|
|
CB21 4XN |
|
|
|
|
|
|
|
Accountants |
Hardcastle Blake |
|
|
19 New Road |
|
|
Drayton Parslow |
|
|
Milton Keynes |
|
|
MK17 0JH |
|
|
|
Cooper Barnes Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Cooper Barnes Limited
Year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cooper Barnes Limited for the year ended 31 December 2023 which comprise the , statement of comprehensive income, statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Cooper Barnes Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Cooper Barnes Limited and state those matters that we have agreed to state to the board of directors of Cooper Barnes Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cooper Barnes Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Cooper Barnes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cooper Barnes Limited. You consider that Cooper Barnes Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Cooper Barnes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hardcastle Blake
ICAEW
19 New Road
Drayton Parslow
Milton Keynes
MK17 0JH
17 July 2024
Cooper Barnes Limited
Statement of comprehensive income
Year ended 31 December 2023
|
|
2023 |
|
2022 |
|
|
|
£ |
|
£ |
|
|
|
|
|
|
|
Profit for the financial year |
|
115,945 |
|
114,847 |
|
Deferred tax - tax rate change |
|
(
4,476) |
|
- |
|
|
|
_______ |
|
_______ |
|
Other comprehensive income for the year |
|
(
4,476) |
|
- |
|
|
|
_______ |
|
_______ |
|
Total comprehensive income for the year |
|
111,469 |
|
114,847 |
|
|
|
_______ |
|
_______ |
|
|
|
|
|
|
|
Cooper Barnes Limited
Statement of financial position
31 December 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
(as re- stated) |
Fixed assets |
|
|
|
|
|
|
|
|
|
Intangible assets |
|
5 |
3,032 |
|
|
|
4,040 |
|
|
Tangible assets |
|
6 |
803,858 |
|
|
|
770,263 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
806,890 |
|
|
|
774,303 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
58,000 |
|
|
|
70,669 |
|
|
Debtors |
|
7 |
210,786 |
|
|
|
198,303 |
|
|
Cash at bank and in hand |
|
|
129,124 |
|
|
|
1,781 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
397,910 |
|
|
|
270,753 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
8 |
(
701,898) |
|
|
|
(
279,250) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current liabilities |
|
|
|
|
(
303,988) |
|
|
|
(
8,497) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
502,902 |
|
|
|
765,806 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
9 |
|
|
(
39,195) |
|
|
|
(
400,680) |
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
|
(
55,511) |
|
|
|
(
38,399) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
408,196 |
|
|
|
326,727 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
1,000 |
|
|
|
1,000 |
Revaluation reserve |
|
|
|
|
100,643 |
|
|
|
105,119 |
Profit and loss account |
|
|
|
|
306,553 |
|
|
|
220,608 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
408,196 |
|
|
|
326,727 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 December 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
17 July 2024
, and are signed on behalf of the board by:
Mr MT Cooper
Director
Company registration number:
05897213
Cooper Barnes Limited
Statement of changes in equity
Year ended 31 December 2023
|
|
Called up share capital |
|
Revaluation reserve |
|
Profit and loss account |
Total |
|
|
|
|
|
£ |
|
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 January 2022 (as previously reported) |
|
1,000 |
|
119,292 |
|
176,251 |
296,543 |
|
|
|
Prior period adjustments |
|
(-) |
|
(14,173) |
|
(40,490) |
(54,663) |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
At 1 January 2022 (restated) |
|
1,000 |
|
105,119 |
|
135,761 |
241,880
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
|
|
114,847 |
114,847 |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
Total comprehensive income for the year |
|
- |
|
- |
|
114,847 |
114,847 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends paid and payable |
|
|
|
|
|
(
30,000) |
(
30,000) |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
Total investments by and distributions to owners |
|
- |
|
- |
|
(
30,000) |
(
30,000) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
At 31 December 2022 and 1 January 2023 |
|
1,000 |
|
105,119 |
|
220,608 |
326,727 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
|
|
115,945 |
115,945 |
|
|
|
Other comprehensive income for the year: |
|
|
|
|
|
|
|
|
|
|
Deferred tax - tax rate change |
|
- |
|
(
4,476) |
|
- |
(
4,476) |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
Total comprehensive income for the year |
|
- |
|
(
4,476) |
|
115,945 |
111,469 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends paid and payable |
|
|
|
|
|
(
30,000) |
(
30,000) |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
Total investments by and distributions to owners |
|
- |
|
- |
|
(
30,000) |
(
30,000) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
At 31 December 2023 |
|
1,000 |
|
100,643 |
|
306,553 |
408,196 |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooper Barnes Limited
Notes to the financial statements
Year ended 31 December 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2, The Grip Industrial Estate, Linton, Cambridge, CB21 4XN.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
|
|
|
Goodwill |
- |
5 % |
straight line |
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Freehold property |
- |
Not provided |
|
|
Plant and machinery |
- |
20 % |
reducing balance |
|
Motor vehicles |
- |
20 % |
reducing balance |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates
.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Hire purchase and finance leases
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
12
(2022:
11
).
5.
Intangible assets
|
|
Goodwill |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 January 2023 and 31 December 2023 |
20,183 |
20,183 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At 1 January 2023 |
16,143 |
16,143 |
|
|
|
|
|
Charge for the year |
1,008 |
1,008 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 December 2023 |
17,151 |
17,151 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 December 2023 |
3,032 |
3,032 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 December 2022 |
4,040 |
4,040 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
6.
Tangible assets
|
|
Freehold property |
Short leasehold property |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
|
|
|
|
£ |
£ |
£ |
£ |
£ |
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 January 2023 |
650,000 |
- |
224,712 |
133,417 |
1,008,129 |
|
|
|
Additions |
- |
14,000 |
5,100 |
49,307 |
68,407 |
|
|
|
Disposals |
- |
- |
- |
(
19,122) |
(
19,122) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 December 2023 |
650,000 |
14,000 |
229,812 |
163,602 |
1,057,414 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 January 2023 |
13,000 |
- |
167,301 |
57,565 |
237,866 |
|
|
|
Charge for the year |
- |
- |
12,032 |
15,170 |
27,202 |
|
|
|
Disposals |
- |
- |
- |
(
11,512) |
(
11,512) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 December 2023 |
13,000 |
- |
179,333 |
61,223 |
253,556 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 December 2023 |
637,000 |
14,000 |
50,479 |
102,379 |
803,858 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 December 2022 |
637,000 |
- |
57,411 |
75,852 |
770,263 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
7.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade debtors |
|
210,786 |
198,303 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
386,634 |
40,650 |
|
Trade creditors |
|
124,145 |
75,670 |
|
Corporation tax |
|
36,338 |
30,140 |
|
Social security and other taxes |
|
35,180 |
36,324 |
|
Other creditors |
|
119,601 |
96,466 |
|
|
|
_______ |
_______ |
|
|
|
701,898 |
279,250 |
|
|
|
_______ |
_______ |
|
|
|
|
|
Post the balance sheet date the company and group have re-structured the loans, so the amounts cleared have been transferred to creditors less than one year.
9.
Creditors: amounts falling due after more than one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
15,844 |
388,860 |
|
Other creditors |
|
23,351 |
11,820 |
|
|
|
_______ |
_______ |
|
|
|
39,195 |
400,680 |
|
|
|
_______ |
_______ |
|
|
|
|
|
The bank loans and overdraft are secured by a legal charge over the freehold property and a general floating charge over all company assets
Included within creditors: amounts falling due after more than one year is an amount of £ -
(2022 £ 375,964 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
Post the balance sheet date the company and group have re-structured the loans, so the amounts cleared have been transferred to creditors less than one year.
10.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Included in provisions |
|
55,511 |
38,399 |
|
|
|
_______ |
_______ |
|
|
|
|
|
The deferred tax account consists of the tax effect of timing differences in respect of:
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Accelerated capital allowances |
|
36,862 |
24,226 |
|
Revaluation of tangible assets |
|
18,649 |
14,173 |
|
|
|
_______ |
_______ |
|
|
|
55,511 |
38,399 |
|
|
|
_______ |
_______ |
|
|
|
|
|
11.
Events after the end of the reporting period
Post the balance sheet date, the company has transferred the freehold property to a fellow subsidiary, Denmatt Holdings Limited and re-structured the loan facilities
.
12.
Controlling party
During the year the entire share capital of the company was acquired by Cooper Barnes Holdings Limited from the existing shareholders by way of share for share exchange
. The company is ultimately controlled by
Mr DS Cooper
- director by virtue of his majority shareholding in the new parent company .