Registered number
11922069
Cosyhome Building Services Limited
Unaudited Filleted Accounts
30 April 2024
Cosyhome Building Services Limited
Registered number: 11922069
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 1,118
Tangible assets 4 12,204 19,994
12,204 21,112
Current assets
Stocks 270 250
Debtors 5 5,201 2,026
Cash at bank and in hand 7,256 7,370
12,727 9,646
Creditors: amounts falling due within one year 6 (8,783) (19,696)
Net current assets/(liabilities) 3,944 (10,050)
Total assets less current liabilities 16,148 11,062
Creditors: amounts falling due after more than one year 7 (8,239) (11,039)
Provisions for liabilities (2,319) (3,799)
Net assets/(liabilities) 5,590 (3,776)
Capital and reserves
Allotted called up and fully paid share capital 100 100
Profit and loss account 5,490 (3,876)
Shareholders' funds 5,590 (3,776)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sean Ewart
Director
Approved by the board on 26 July 2024
Cosyhome Building Services Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 20% and 33%
Motor vehicles 20%
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 6,100
At 30 April 2024 6,100
Amortisation
At 1 May 2023 4,982
Provided during the year 1,118
At 30 April 2024 6,100
Net book value
At 30 April 2024 -
At 30 April 2023 1,118
Goodwill is being written off on the straight line basis over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 5,179 28,174 33,353
Additions 72 - 72
Disposals (214) - (214)
At 30 April 2024 5,037 28,174 33,211
Depreciation
At 1 May 2023 3,968 9,391 13,359
Charge for the year 733 7,043 7,776
On disposals (128) - (128)
At 30 April 2024 4,573 16,434 21,007
Net book value
At 30 April 2024 464 11,740 12,204
At 30 April 2023 1,211 18,783 19,994
5 Debtors 2024 2023
£ £
Trade debtors 3,000 -
Other debtors 2,201 2,026
5,201 2,026
6 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 2,800 2,800
Taxation and social security costs 4,148 972
Other creditors 1,835 15,924
8,783 19,696
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 8,239 11,039
8 Other information
Cosyhome Building Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Cavendish House
St Andrews Court
Leeds
LS3 1JY
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