Registered number
09360074
COSKA LTD
Filleted Accounts
31 December 2023
COSKA LTD
Registered number: 09360074
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 11,916 14,532
Current assets
Stocks 5,680 2,260
Debtors 4 84,720 86,320
Cash at bank and in hand 45,999 67,517
136,399 156,097
Creditors: amounts falling due within one year 5 (48,587) (49,663)
Net current assets 87,812 106,434
Total assets less current liabilities 99,728 120,966
Creditors: amounts falling due after more than one year 6 (27,914) (31,830)
Net assets 71,814 89,136
Capital and reserves
Called up share capital 100 100
Profit and loss account 71,714 89,036
Shareholder's funds 71,814 89,136
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Ali ACIL
Director
Approved by the board on 21 August 2024
COSKA LTD
Notes to the Accounts
for the year ended 31 December 2023
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@18% per annum (reducing balance method).
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.
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 corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.Corporation tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 14 14
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 43,682 1,709 45,391
At 31 December 2023 43,682 1,709 45,391
Depreciation
At 1 January 2023 29,150 1,709 30,859
Charge for the year 2,616 - 2,616
At 31 December 2023 31,766 1,709 33,475
Net book value
At 31 December 2023 11,916 - 11,916
At 31 December 2022 14,532 - 14,532
4 Debtors 2023 2022
£ £
Prepayments & other debtors 84,720 86,320
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,648 10,648
Trade creditors 13,949 11,215
Taxation and social security costs 23,990 27,800
48,587 49,663
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 27,914 31,830
7 Other information
COSKA LTD is a private company limited by shares and incorporated in England. Its registered office is:
209 Hackney Road
London
E2 8JL
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