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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
Page
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COTTON COURT SERVICES LIMITED Company Information for the year ended 30 November 2023
Director
Robert Binns
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
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COTTON COURT SERVICES LIMITED Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,184,568 
736,839 
Current assets
Debtors
104,013 
53,860 
Cash at bank and in hand
9,682 
42,256 
113,695 
96,116 
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 
Capital and reserves
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
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COTTON COURT SERVICES LIMITED Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
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
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the income statement when due.
Research and development
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
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.
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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 
Depreciation
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 
Net book value
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 
2023 
2022 
£ 
£ 
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.
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
83,303 
47,452 
Other debtors
20,710 
6,408 
104,013 
53,860 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
19,225 
245,539 
VAT
46,293 
25,761 
Trade creditors
3,334 
18,728 
Taxes and social security
10,757 
12,804 
Other creditors
3,243 
- 
Loans from directors
129,151 
59,828 
Accruals
15,630 
11,080 
Deferred income
38,320 
- 
265,953 
373,740 
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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 
£ 
£ 
Bank loans
443,030 
25,833 
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).
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