Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 06113683 Mr Rhys Thomas Mitchell Adams Mrs Rebecca Denise Adams Mr Rhys Thomas Mitchell Adams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06113683 2023-05-31 06113683 2024-05-31 06113683 2023-06-01 2024-05-31 06113683 frs-core:CurrentFinancialInstruments 2024-05-31 06113683 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-01 2024-05-31 06113683 frs-core:FurnitureFittings 2023-06-01 2024-05-31 06113683 frs-core:MotorVehicles 2024-05-31 06113683 frs-core:MotorVehicles 2023-06-01 2024-05-31 06113683 frs-core:MotorVehicles 2023-05-31 06113683 frs-core:OtherResidualIntangibleAssets 2024-05-31 06113683 frs-core:OtherResidualIntangibleAssets 2023-05-31 06113683 frs-core:PlantMachinery 2024-05-31 06113683 frs-core:PlantMachinery 2023-06-01 2024-05-31 06113683 frs-core:PlantMachinery 2023-05-31 06113683 frs-core:SharePremium 2024-05-31 06113683 frs-core:ShareCapital 2024-05-31 06113683 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 06113683 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06113683 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 06113683 frs-bus:SmallEntities 2023-06-01 2024-05-31 06113683 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06113683 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 06113683 frs-bus:Director1 2023-06-01 2024-05-31 06113683 frs-bus:Director2 2023-06-01 2024-05-31 06113683 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 06113683 frs-countries:EnglandWales 2023-06-01 2024-05-31 06113683 2022-05-31 06113683 2023-05-31 06113683 2022-06-01 2023-05-31 06113683 frs-core:CurrentFinancialInstruments 2023-05-31 06113683 frs-core:SharePremium 2023-05-31 06113683 frs-core:ShareCapital 2023-05-31 06113683 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 06113683
Cocoon Vehicles Limited
Financial Statements
For The Year Ended 31 May 2024
L J Hanbury Limited
143 Tamworth Road
Long Eaton
Nottingham
NG10 1BY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06113683
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,184 4,184
Tangible Assets 5 33,843 30,448
38,027 34,632
CURRENT ASSETS
Debtors 6 142,750 106,564
Cash at bank and in hand 454,451 446,988
597,201 553,552
Creditors: Amounts Falling Due Within One Year 7 (377,898 ) (334,466 )
NET CURRENT ASSETS (LIABILITIES) 219,303 219,086
TOTAL ASSETS LESS CURRENT LIABILITIES 257,330 253,718
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,468 ) (4,325 )
NET ASSETS 252,862 249,393
CAPITAL AND RESERVES
Called up share capital 8 80 80
Share premium account 80 80
Profit and Loss Account 252,702 249,233
SHAREHOLDERS' FUNDS 252,862 249,393
Page 1
Page 2
For the year ending 31 May 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Rhys Thomas Mitchell Adams
Director
04/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cocoon Vehicles Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06113683 . The registered office is First Floor Suite 1. 01a 62 King Street, Belper, Derbyshire, DE56 1PZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life. 
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 10% straight line
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related 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 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets
Other
£
Cost
As at 1 June 2023 4,184
As at 31 May 2024 4,184
Net Book Value
As at 31 May 2024 4,184
As at 1 June 2023 4,184
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 June 2023 42,139 19,013 61,152
Additions 10,966 11,792 22,758
Disposals - (7,755 ) (7,755 )
As at 31 May 2024 53,105 23,050 76,155
Depreciation
As at 1 June 2023 22,620 8,084 30,704
Provided during the period 11,382 4,914 16,296
Disposals - (4,688 ) (4,688 )
As at 31 May 2024 34,002 8,310 42,312
Net Book Value
As at 31 May 2024 19,103 14,740 33,843
As at 1 June 2023 19,519 10,929 30,448
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 107,503 98,971
Other debtors 35,247 7,593
142,750 106,564
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 75,384 83,140
Other creditors 232,517 185,959
Taxation and social security 69,997 65,367
377,898 334,466
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 80 80
Page 5