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REGISTERED NUMBER: 04927168 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

COBA LIMITED

COBA LIMITED (REGISTERED NUMBER: 04927168)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COBA LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: Mr S Baker





REGISTERED OFFICE: 24 Beechwood Drive
Thornton Cleveleys
Lancashire
FY5 5EH





REGISTERED NUMBER: 04927168 (England and Wales)





ACCOUNTANTS: ma2 (Blackpool) Limited
288 Church Street
Blackpool
Lancashire
FY1 3QA

COBA LIMITED (REGISTERED NUMBER: 04927168)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,500
Tangible assets 5 1,034 1,292
1,034 2,792

CURRENT ASSETS
Stocks 6,232 8,931
Debtors 6 14,938 12,672
Cash at bank and in hand 7,250 11,831
28,420 33,434
CREDITORS
Amounts falling due within one year 7 12,759 13,826
NET CURRENT ASSETS 15,661 19,608
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,695

22,400

CREDITORS
Amounts falling due after more than one
year

8

16,583

22,076
NET ASSETS 112 324

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 12 224
SHAREHOLDERS' FUNDS 112 324

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

COBA LIMITED (REGISTERED NUMBER: 04927168)

BALANCE SHEET - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2024 and were signed by:





Mr S Baker - Director


COBA LIMITED (REGISTERED NUMBER: 04927168)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Coba Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 20% on reducing balance

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 Income Statement, 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.

COBA LIMITED (REGISTERED NUMBER: 04927168)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 30,000
AMORTISATION
At 1 January 2023 28,500
Charge for year 1,500
At 31 December 2023 30,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 1,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 22,310
DEPRECIATION
At 1 January 2023 21,018
Charge for year 258
At 31 December 2023 21,276
NET BOOK VALUE
At 31 December 2023 1,034
At 31 December 2022 1,292

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts - 9,870
Prepayments and other debtors 14,938 2,802
14,938 12,672

COBA LIMITED (REGISTERED NUMBER: 04927168)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 6,779 6,783
VAT 4,022 5,179
Directors' current accounts 48 -
Accrued expenses 1,910 1,864
12,759 13,826

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 16,583 22,076

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 January 2023 224
Profit for the year 28,688
Dividends (28,900 )
At 31 December 2023 12

11. RELATED PARTY DISCLOSURES

Mr S Baker is the ultimate controlling party.