Company Registration No. 09294207 (England and Wales)
COTTON COURT SERVICES LIMITED
Unaudited accounts
for the year ended 30 November 2023
COTTON COURT SERVICES LIMITED
Unaudited accounts
Contents
COTTON COURT SERVICES LIMITED
Company Information
for the year ended 30 November 2023
Company Number
09294207 (England and Wales)
Registered Office
Cotton Court
Church Street
Preston
PR1 3BY
Accountants
Stewart Advisory Limited
Cotton Court
Church Street
Preston
PR1 3BY
COTTON COURT SERVICES LIMITED
Statement of financial position
as at 30 November 2023
Tangible assets
1,184,568
736,839
Cash at bank and in hand
9,682
42,256
Creditors: amounts falling due within one year
(265,953)
(373,740)
Net current liabilities
(152,258)
(277,624)
Total assets less current liabilities
1,032,310
459,215
Creditors: amounts falling due after more than one year
(443,030)
(25,833)
Net assets
589,280
433,382
Called up share capital
1
1
Revaluation reserve
594,903
448,440
Profit and loss account
(5,624)
(15,059)
Shareholders' funds
589,280
433,382
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 August 2024 and were signed on its behalf by
Robert Binns
Director
Company Registration No. 09294207
COTTON COURT SERVICES LIMITED
Notes to the Accounts
for the year ended 30 November 2023
COTTON COURT SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09294207. The registered office is Cotton Court, Church Street, Preston, PR1 3BY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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 and depreciation
Tangible assets are included at cost or valuation less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
25% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
30% reducing balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the income statement when due.
Expenditure on research and development is written off in the year in which it is incurred. Any research and development tax credit is credited to the income statement when received.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
COTTON COURT SERVICES LIMITED
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At valuation
At cost
At cost
At cost
At 1 December 2022
800,000
16,906
5,000
-
821,906
Additions
303,537
7,893
-
19,365
330,795
Revaluations
146,463
-
-
-
146,463
At 30 November 2023
1,250,000
24,799
5,000
19,365
1,299,164
At 1 December 2022
64,348
16,906
3,813
-
85,067
Charge for the year
22,419
1,972
297
4,841
29,529
At 30 November 2023
86,767
18,878
4,110
4,841
114,596
At 30 November 2023
1,163,233
5,921
890
14,524
1,184,568
At 30 November 2022
735,652
-
1,187
-
736,839
Carrying amount of land and buildings on cost basis
568,330
287,212
The land and building have been revalued by the director to reflect the current estimate of market value.
Amounts falling due within one year
Trade debtors
83,303
47,452
Other debtors
20,710
6,408
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
19,225
245,539
Trade creditors
3,334
18,728
Taxes and social security
10,757
12,804
Loans from directors
129,151
59,828
COTTON COURT SERVICES LIMITED
Notes to the Accounts
for the year ended 30 November 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Aggregate of amounts that fall due for payment after five years
196,902
-
Within bank loans falling due within one year and after more than one year, an amount of £436,415 (2022: £235,539) is secured by a fixed charge on the freehold properties, by a fixed and floating charge on the current assets of the company and by a personal guarantee for £50,000 (2022: £50,000) from the director.
8
Average number of employees
During the year the average number of employees was 6 (2022: 5).