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REGISTERED NUMBER: 11691564 (England and Wales)

















Cosy Life Heating & Plumbing Ltd

Financial Statements for the Year Ended 30 November 2023






Cosy Life Heating & Plumbing Ltd (Registered number: 11691564)






Contents of the Financial Statements
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cosy Life Heating & Plumbing Ltd

Company Information
for the year ended 30 November 2023







DIRECTORS: Mr S Beal
Mrs K Beal





REGISTERED OFFICE: 42 Seacroft Road
Withernsea
East Yorkshire
HU19 2NY





REGISTERED NUMBER: 11691564 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

Cosy Life Heating & Plumbing Ltd (Registered number: 11691564)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,977 12,365

CURRENT ASSETS
Stocks 5 2,000 2,000
Debtors 6 1,049 1,299
Cash at bank 1,298 4,372
4,347 7,671
CREDITORS
Amounts falling due within one year 7 28,160 28,324
NET CURRENT LIABILITIES (23,813 ) (20,653 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,836

)

(8,288

)

CREDITORS
Amounts falling due after more than one
year

8

5,343

8,638
NET LIABILITIES (13,179 ) (16,926 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (14,179 ) (17,926 )
SHAREHOLDERS' FUNDS (13,179 ) (16,926 )

Cosy Life Heating & Plumbing Ltd (Registered number: 11691564)

Balance Sheet - continued
30 November 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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 financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





Mr S Beal - Director


Cosy Life Heating & Plumbing Ltd (Registered number: 11691564)

Notes to the Financial Statements
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Cosy Life Heating & Plumbing Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - Straight line over 10 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Cosy Life Heating & Plumbing Ltd (Registered number: 11691564)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 December 2022 13,074 7,029 20,103
Additions 6,437 - 6,437
At 30 November 2023 19,511 7,029 26,540
DEPRECIATION
At 1 December 2022 5,681 2,057 7,738
Charge for year 2,122 703 2,825
At 30 November 2023 7,803 2,760 10,563
NET BOOK VALUE
At 30 November 2023 11,708 4,269 15,977
At 30 November 2022 7,393 4,972 12,365

5. STOCKS
2023 2022
£    £   
Stocks 2,000 2,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 170
Other debtors 100 100
VAT 599 -
Prepayments 350 1,029
1,049 1,299

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,448 3,550
Trade creditors 6,424 2,828
VAT - 337
Directors' current accounts 17,226 21,226
Accruals 573 383
Receipts in advance 489 -
28,160 28,324

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 3,535 3,640
Bank loans - 2-5 years 1,808 4,998
5,343 8,638

Cosy Life Heating & Plumbing Ltd (Registered number: 11691564)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

9. GOING CONCERN

At the balance sheet date the balance sheet shows negative shareholders funds of £13,179 The applicability of going concern is dependent on upon the continued support of the company's creditors and directors. There are no indications that this support will cease.