Registered number
04610125
Cooper Construction (Cornwall) Limited
Filleted Accounts
31 December 2023
Cooper Construction (Cornwall) Limited
Registered number: 04610125
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 310 387
Investments 4 - 170,000
310 170,387
Current assets
Debtors 5 218 1,250
Cash at bank and in hand 63,387 17,485
63,605 18,735
Creditors: amounts falling due within one year 6 (25,247) (4,412)
Net current assets 38,358 14,323
Total assets less current liabilities 38,668 184,710
Creditors: amounts falling due after more than one year 7 - (110,000)
Provisions for liabilities - (17,100)
Net assets 38,668 57,610
Capital and reserves
Called up share capital 4 4
Profit and loss account 38,664 57,606
Shareholders' funds 38,668 57,610
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.
Mr P Cooper
Director
Approved by the board on 9 February 2024
Cooper Construction (Cornwall) Limited
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, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 13,910
At 31 December 2023 13,910
Depreciation
At 1 January 2023 13,523
Charge for the year 77
At 31 December 2023 13,600
Net book value
At 31 December 2023 310
At 31 December 2022 387
4 Investments
Other
investments
£
Cost
At 1 January 2023 170,000
Disposals (170,000)
At 31 December 2023 -
The investment property was valued at fair value at 31.12.2021 by the director, Mr P Cooper having sufficient knowledge to do so, after consulting with estate agents and having marketed the property during the financial year. The property was sold in the year 31.12.2023.
5 Debtors 2023 2022
£ £
Trade debtors - 1,250
Other debtors 218 -
218 1,250
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,100 1,640
Taxation and social security costs 15,764 195
Directors' loan 7,383 2,577
25,247 4,412
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 110,000
8 Loans 2023 2022
£ £
Creditors include:
Secured bank loans - 110,000
The loan was secured over the investment property and repaid when the property was sold.
9 Related party transactions
The directors have a loan account with the company. The loan is interest free and repayable on demand. The balance due to the directors at 31.12.2023 was £7,383
10 Controlling party
There is no overall controlling party as Mr and Mrs Cooper have equal holdings.
11 Other information
Cooper Construction (Cornwall) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Stoneybridge House
Tywardreath
Par
Cornwall
PL24 2TY
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