Company registration number 06004502 (England and Wales)
J M COCKERTON SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
J M COCKERTON SERVICES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
J M COCKERTON SERVICES LIMITED
BALANCE SHEET
AS AT 30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,273,763
1,327,758
Investment property
4
1,026,990
1,026,990
2,300,753
2,354,748
Current assets
Investments
5
1,061,054
1,025,857
Cash at bank and in hand
152,961
8,682
1,214,015
1,034,539
Creditors: amounts falling due within one year
6
(399,743)
(369,644)
Net current assets
814,272
664,895
Total assets less current liabilities
3,115,025
3,019,643
Creditors: amounts falling due after more than one year
7
(531,311)
(556,786)
Net assets
2,583,714
2,462,857
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
2,583,614
2,462,757
Total equity
2,583,714
2,462,857
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
J M COCKERTON SERVICES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023
30 November 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 28 August 2024
Mr J M Cockerton
Director
Company registration number 06004502 (England and Wales)
J M COCKERTON SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
1
Accounting policies
Company information
J M Cockerton Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Gautam House, 1 - 3 Shenley Avenue, Ruislip Manor, Middlesex, HA4 6BP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
N/A
Leasehold improvements
N/A
Plant and equipment
25% on reducing balance
Fixtures and fittings
25% on reducing balance
Computers
25% on reducing balance
Motor vehicles
25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
1.5
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
J M COCKERTON SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
3
J M COCKERTON SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 5 -
3
Tangible fixed assets
Freehold land and buildings
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
£
Cost
At 1 December 2022
446,667
142,992
1,290,280
20,241
3,913
445,140
2,349,233
Additions
174,040
174,040
At 30 November 2023
446,667
142,992
1,290,280
20,241
3,913
619,180
2,523,273
Depreciation and impairment
At 1 December 2022
816,240
16,075
3,770
185,390
1,021,475
Depreciation charged in the year
118,510
1,042
36
108,447
228,035
At 30 November 2023
934,750
17,117
3,806
293,837
1,249,510
Carrying amount
At 30 November 2023
446,667
142,992
355,530
3,124
107
325,343
1,273,763
At 30 November 2022
446,667
142,992
474,040
4,166
143
259,750
1,327,758
J M COCKERTON SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 6 -
4
Investment property
2023
£
Fair value
At 1 December 2022 and 30 November 2023
1,050,837
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
5
Current asset investments
2023
2022
£
£
Other investments
1,061,054
1,025,857
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
1,593
Trade creditors
2
2
Corporation tax
236,765
131,017
Other taxation and social security
97,408
38,092
Other creditors
65,568
198,940
399,743
369,644
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
531,311
556,786