01 January 2023 31 December 2023 02663163 2023-01-01 02663163 2023-12-31 02663163 2023-01-01 2023-12-31 02663163 uk-bus:Director2 2023-01-01 2023-12-31 02663163 uk-bus:Director3 2023-01-01 2023-12-31 02663163 uk-bus:Director4 2023-01-01 2023-12-31 02663163 uk-bus:CompanySecretary1 2023-01-01 2023-12-31 02663163 2022-12-31 02663163 2022-01-01 2022-12-31 02663163 uk-core:WithinOneYear 2023-12-31 02663163 uk-core:WithinOneYear 2022-12-31 02663163 uk-core:AfterOneYear 2023-12-31 02663163 uk-core:AfterOneYear 2022-12-31 02663163 uk-core:ShareCapital 2023-12-31 02663163 uk-core:ShareCapital 2022-12-31 02663163 uk-core:OtherReservesSubtotal 2023-12-31 02663163 uk-core:OtherReservesSubtotal 2022-12-31 02663163 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 02663163 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 02663163 uk-bus:RegisteredOffice 2023-01-01 2023-12-31 02663163 uk-curr:PoundSterling 2023-01-01 2023-12-31 02663163 uk-core:PlantMachinery 2023-01-01 2023-12-31 02663163 uk-core:Vehicles 2023-01-01 2023-12-31 02663163 uk-core:FurnitureFittings 2023-01-01 2023-12-31 02663163 uk-core:OfficeEquipment 2023-01-01 2023-12-31 02663163 uk-core:VehiclesPlantMachinery 2022-12-31 02663163 uk-core:VehiclesPlantMachinery 2023-12-31 02663163 uk-core:VehiclesPlantMachinery 2023-01-01 2023-12-31 02663163 uk-core:BetweenTwoFiveYears 2023-12-31 02663163 uk-core:BetweenTwoFiveYears 2022-12-31 02663163 uk-bus:FRS102 2023-01-01 2023-12-31 02663163 uk-bus:FullAccounts 2023-01-01 2023-12-31 02663163 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02663163 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  COSMOTRANS INTERNATIONAL LTD
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 31 DECEMBER 2023
   
   
   
   
   
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
  COSMOTRANS INTERNATIONAL LTD
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 31 DECEMBER 2023
       
       
  DIRECTORS
       
  A Ranson
  A Blackburn
  G Van Der Horst
       
       
  SECRETARY
       
  A Ranson
       
  REGISTERED OFFICE
       
  9 Felthambrook Industrial Estate Felthambrook Way
Felthambrook Way
Feltham
Middlesex
TW13 7DU
       
       
  COMPANY REGISTERED NUMBER
       
  02663163
       
       
  ACCOUNTANTS
       
  Atr Accountancy & Bookkeeping Ltd
  Management Accountants
  Imperial House
79-81 Hornby Street
Bury
BL9 5BN
       
       
  CONTENTS
       
  Pages
       
       
       
       
       
       
       
  3 Statement of Financial Position  
       
       
  4-8 Notes to the Financial Statements  
       
     
  The following do not form part of the statutory financial statements:
     
       
       
       
       
       
  page 1
  COSMOTRANS INTERNATIONAL LTD
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 31 DECEMBER 2023
       
       
       
       
       
       
       
       
  DIRECTORS
       
  The directors who served during the year were as follows:
       
  A Ranson
  A Blackburn
  G Van Der Horst
       
       
       
  SMALL COMPANY EXEMPTIONS
       
  This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
       
       
  This report was approved by the board on 29 August 2024 and signed on their behalf.
     
     
     
     
  Signed
  A Ranson
  page 2
  COSMOTRANS INTERNATIONAL LTD
  Company registered number: 02663163
  STATEMENT OF FINANCIAL POSITION AT 31 December 2023
           
    Note 2023 2022
      £ £ £
  FIXED ASSETS
  Property, plant and equipment 3 11,394 15,192
  CURRENT ASSETS    
  Debtors 4 399,094 433,472
  Cash at bank and in hand   104,725 44,232
      503,819 477,704
  CREDITORS: Amounts falling due within one year 5 321,141 412,548
  NET CURRENT ASSETS   182,678 65,156
  TOTAL ASSETS LESS CURRENT LIABILITIES   194,072 80,348
           
  CREDITORS: Amounts falling due after more than one year 6 (14,145) (24,146)
           
  PROVISIONS FOR LIABILITIES   (1,544) (1,544)
  NET ASSETS   £178,383 £54,658
       
  CAPITAL AND RESERVES
  Called up share capital   34,442 34,442
  Other reserves   15,558 15,558
  Retained earnings   128,383 4,658
  SHAREHOLDERS' FUNDS   £178,383 £54,658
       
  In approving these financial statements as directors of the company we hereby confirm the following:
       
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
       
  The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
       
  These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
       
  The accounts were approved by the board of directors on 29 August 2024
 
 
 
       
  A Ranson, Director
  The notes on pages 4-8 form part of these financial statements
   
  page 3
  COSMOTRANS INTERNATIONAL LTD
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 31 DECEMBER 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  COSMOTRANS INTERNATIONAL LTD is a Limited Company incorporated in United Kingdom
         
  Registered office:
  9 Felthambrook Industrial Estate Felthambrook Way
Felthambrook Way
Feltham
Middlesex
TW13 7DU
  These financial statements are the first financial statements that comply with FRS 102. The date of transition is 01 January 2023.
         
  The transition to FRS 102 has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in notes and below. 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" and the Companies Act 2006.
         
 
         
  Basis of accounting
         
 
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1d. Borrowing costs
         
  Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
         
 
         
1e. Taxation
         
         
  Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
  page 4
  COSMOTRANS INTERNATIONAL LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 DECEMBER 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
       
1f. Property, plant and equipment
       
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
       
  Plant and machinery Reducing balance 25%  
  Vehicles Reducing balance 25%  
  Fixtures and fittings Reducing balance 15%  
  Equipment Reducing balance 15%  
         
1g. Inventories
         
  Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.
         
         
1h. Short term debtors and creditors
         
  Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.
         
         
1i. Cash and cash equivalents
         
  Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.
         
 
         
1j. Interest bearing borrowings
         
  All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.
         
         
1k. Leased assets
         
  Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.
         
 
         
  page 5
  COSMOTRANS INTERNATIONAL LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 DECEMBER 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1l. Foreign currencies
         
  Transactions in foreign currencies are initially recorded in the entity’s functional currency by applying the spot exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
         
         
1m. Employee benefits
         
  The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.
         
         
1n. Discontinued operations
         
  A discontinued operation is a component of the Company's business, the operations and cash flows of which can be clearly distinguished from the rest of the Company and which represents a separate major line of business or geographical area of operations, or is part of a signal coordinated disposal of a separate major line of business or geographical area of operations, or is a subsidiary acquired exclusively with a review to resale.
         
         
1o. Provisions
         
  Provisions are recognised when the Company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
         
         
1p. Judgements and key sources of estimation uncertainty
         
  In the application of the Company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
         
 
         
 
         
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the year were as follows:
    2023 2022
    No. No.
  Management and administration 4 4
   
  page 6
  COSMOTRANS INTERNATIONAL LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 DECEMBER 2023
       
3. PROPERTY, PLANT AND EQUIPMENT
    Plant &  
    Machinery Total
    £ £
  Cost
       
  At 01 January 2023 75,794 75,794
       
  At 31 December 2023 75,794 75,794
   
  Depreciation
       
  At 01 January 2023 60,602 60,602
  For the year 3,798 3,798
  At 31 December 2023 64,400 64,400
   
  Net Book Amounts
       
  At 31 December 2023 11,394 11,394
  At 31 December 2022 15,192 15,192
   
       
       
4. DEBTORS 2023 2022
    £ £
  Amounts falling due within one year:
  Trade debtors 334,980 354,116
  UK Corporation tax 3,554 3,554
  Social security and other taxes 28,356 32,853
  Other debtors 29,564 -
    £396,454 £390,523
  Amounts falling due after more than one year:
  Trade debtors 2,640 2,640
    £2,640 £2,640
   
       
       
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2023 2022
    £ £
  Bank loans and overdrafts 10,000 10,000
  Trade creditors 198,672 292,839
  Other taxes and social security 8,457 22,989
  Other creditors 104,012 86,720
    £321,141 £412,548
   
       
  page 7
  COSMOTRANS INTERNATIONAL LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 DECEMBER 2023
       
       
6. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
    2023 2022
    £ £
  Bank loans and overdrafts 14,145 24,146
    £14,145 £24,146
   
       
       
  Analysis of borrowings:
       
  Due within five years:
  within 1 year
  bank 10,000 10,000
  within 2-5 years
  bank 14,145 24,146
    £24,145 £34,146
   
  page 8
  COSMOTRANS INTERNATIONAL LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 DECEMBER 2023
       
       
6. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR (CONT.)
    2023 2022
    £ £
  Bank loans and overdrafts 14,145 24,146
   
   
  This page does not form part of the Company's Statutory Financial
  Statements and is prepared for the information of the Directors only.
   
  page 9