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REGISTERED NUMBER: 01773730 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

COOK FABRICATIONS LIMITED

COOK FABRICATIONS LIMITED (REGISTERED NUMBER: 01773730)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COOK FABRICATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: E R Cook
R S K Solley
D Levett
T W Wratten





REGISTERED OFFICE: Broomfield Works
Fernfield Lane
Hawkinge
FOLKESTONE
Kent
CT18 7AW





REGISTERED NUMBER: 01773730 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

COOK FABRICATIONS LIMITED (REGISTERED NUMBER: 01773730)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 457,905 357,495
457,905 357,495

CURRENT ASSETS
Stocks 6 20,000 15,000
Debtors 7 800,702 813,472
Cash at bank and in hand 646,674 416,833
1,467,376 1,245,305
CREDITORS
Amounts falling due within one year 8 601,531 437,218
NET CURRENT ASSETS 865,845 808,087
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,323,750

1,165,582

CREDITORS
Amounts falling due after more than one
year

9

(101,018

)

(161,945

)

PROVISIONS FOR LIABILITIES (107,353 ) (86,392 )
NET ASSETS 1,115,379 917,245

CAPITAL AND RESERVES
Called up share capital 12 5,000 5,000
Retained earnings 1,110,379 912,245
SHAREHOLDERS' FUNDS 1,115,379 917,245

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

COOK FABRICATIONS LIMITED (REGISTERED NUMBER: 01773730)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:





R S K Solley - Director


COOK FABRICATIONS LIMITED (REGISTERED NUMBER: 01773730)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Cook Fabrications 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is recognised when the company obtains a right to consideration in exchange for its performance and is measured at fair value.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

COOK FABRICATIONS LIMITED (REGISTERED NUMBER: 01773730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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

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 defined contribution pension schemes. Contributions payable to the company's pension schemes or directors' pensions schemes are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2023 - 46 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 112,000
AMORTISATION
At 1 April 2023
and 31 March 2024 112,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

COOK FABRICATIONS LIMITED (REGISTERED NUMBER: 01773730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 516,287 53,897 245,986 816,170
Additions 133,801 5,402 89,185 228,388
Disposals (13,167 ) - (12,441 ) (25,608 )
At 31 March 2024 636,921 59,299 322,730 1,018,950
DEPRECIATION
At 1 April 2023 228,288 39,247 191,140 458,675
Charge for year 84,078 5,014 34,189 123,281
Eliminated on disposal (9,715 ) - (11,196 ) (20,911 )
At 31 March 2024 302,651 44,261 214,133 561,045
NET BOOK VALUE
At 31 March 2024 334,270 15,038 108,597 457,905
At 31 March 2023 287,999 14,650 54,846 357,495


6. STOCKS
2024 2023
£    £   
Stocks 20,000 15,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 458,684 515,904
Other debtors - 40
Amounts recoverable on
contracts 310,614 262,627
Prepayments 31,404 34,901
800,702 813,472

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 60,927 58,702
Trade creditors 305,237 267,353
Tax 142,821 36,342
Social security and other taxes 26,652 27,905
Other creditors 65,894 46,916
601,531 437,218

COOK FABRICATIONS LIMITED (REGISTERED NUMBER: 01773730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 101,018 161,945

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 60,927 58,702
Between one and five years 101,018 161,945
161,945 220,647

Non-cancellable operating leases
2024 2023
£    £   
Within one year 83,185 50,000
Between one and five years 20,342 50,000
103,527 100,000

11. SECURED DEBTS

A fixed and floating charge was created by deed dated 10 April 2019. The security is a fixed and floating charge over all land, assets, goodwill and undertakings belonging to the company.

A security over cash deposits was created by deed dated 9 June 2021.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,000 Ordinary £1 5,000 5,000