Registered number
09479481
Cooper Mixer Hire Ltd
Filleted Accounts
31 March 2024
Cooper Mixer Hire Ltd
Registered number: 09479481
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 888,055 562,135
Current assets
Stocks 11,635 8,283
Debtors 4 187,754 204,420
Cash at bank and in hand 47,703 88,125
247,092 300,828
Creditors: amounts falling due within one year 5 (469,238) (487,476)
Net current liabilities (222,146) (186,648)
Total assets less current liabilities 665,909 375,487
Creditors: amounts falling due after more than one year 6 (520,785) (353,833)
Net assets 145,124 21,654
Capital and reserves
Called up share capital 10 10
Profit and loss account 145,114 21,644
Shareholders' funds 145,124 21,654
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.
K Cooper
Director
Approved by the board on 22 August 2024
Cooper Mixer Hire Ltd
Notes to the Accounts
for the year ended 31 March 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:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 7
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 192,956 409,417 602,373
Additions 190,416 266,100 456,516
At 31 March 2024 383,372 675,517 1,058,889
Depreciation
At 1 April 2023 21,921 18,317 40,238
Charge for the year 41,396 89,200 130,596
At 31 March 2024 63,317 107,517 170,834
Net book value
At 31 March 2024 320,055 568,000 888,055
At 31 March 2023 171,035 391,100 562,135
4 Debtors 2024 2023
£ £
Trade debtors 187,754 204,021
Other debtors - 399
187,754 204,420
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 83,653 155,556
Obligations under finance lease and hire purchase contracts 190,372 144,836
Trade creditors 155,623 162,176
Taxation and social security costs 38,196 24,273
Other creditors 1,394 635
469,238 487,476
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 74,421 120,810
Obligations under finance lease and hire purchase contracts 446,364 233,023
520,785 353,833
7 Other information
Cooper Mixer Hire Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Temperance House
Langdon Lane
Radway
Warwickshire
CV35 0UQ
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