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Company Registration No. 09719151 (England and Wales)
Cobern Builders Limited Unaudited accounts for the year ended 31 March 2024
Cobern Builders Limited Unaudited accounts Contents
Page
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Cobern Builders Limited Company Information for the year ended 31 March 2024
Director
Timothy Chan
Company Number
09719151 (England and Wales)
Registered Office
SUITE 5, CROWOOD HOUSE GIPSY LANE SWINDON WILTS SN2 8YY ENGLAND
Accountants
Accounts On Us Ltd Suite 5, Crowood House Gipsy Lane Swindon Wilts SN2 8YY
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Cobern Builders Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,554 
328 
Current assets
Debtors
89,126 
53,213 
Cash at bank and in hand
46,341 
787 
135,467 
54,000 
Creditors: amounts falling due within one year
(82,002)
(65,547)
Net current assets/(liabilities)
53,465 
(11,547)
Total assets less current liabilities
56,019 
(11,219)
Creditors: amounts falling due after more than one year
(45,552)
(61,000)
Provisions for liabilities
Other provisions
(2,552)
- 
Net assets/(liabilities)
7,915 
(72,219)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
7,815 
(72,319)
Shareholders' funds
7,915 
(72,219)
For the year ending 31 March 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 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 16 August 2024 and were signed on its behalf by
Timothy Chan Director Company Registration No. 09719151
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Cobern Builders Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Cobern Builders Limited is a private company, limited by shares, registered in England and Wales, registration number 09719151. The registered office is SUITE 5, CROWOOD HOUSE, GIPSY LANE, SWINDON, WILTS, SN2 8YY, ENGLAND.
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.
Presentation currency
The accounts are presented in £ sterling.
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 less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
- 
334 
334 
Additions
2,750 
- 
2,750 
At 31 March 2024
2,750 
334 
3,084 
Depreciation
At 1 April 2023
- 
6 
6 
Charge for the year
458 
66 
524 
At 31 March 2024
458 
72 
530 
Net book value
At 31 March 2024
2,292 
262 
2,554 
At 31 March 2023
- 
328 
328 
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Cobern Builders Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
393 
Trade debtors
81,167 
38,873 
Accrued income and prepayments
500 
- 
Other debtors
4,190 
- 
85,857 
39,266 
Amounts falling due after more than one year
Other debtors
3,269 
13,947 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
25,622 
- 
Trade creditors
18,061 
24,321 
Taxes and social security
23,579 
5,455 
Other creditors
- 
1,792 
Loans from directors
10,540 
30,259 
Accruals
4,200 
3,720 
82,002 
65,547 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
25,000 
Loans from directors
45,552 
36,000 
45,552 
61,000 
8
Provisions for liabilities
£ 
At 1 April 2023
- 
Additional provisions made during the period
2,552 
At 31 March 2024
2,552 
Allowance for doubtful debts
9
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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