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
Cobern Builders Limited
Company Information
for the year ended 31 March 2024
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
Cobern Builders Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
46,341
787
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
Net assets/(liabilities)
7,915
(72,219)
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
Cobern Builders Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 31 March 2024
2,750
334
3,084
Charge for the year
458
66
524
At 31 March 2024
458
72
530
At 31 March 2024
2,292
262
2,554
At 31 March 2023
-
328
328
Cobern Builders Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
81,167
38,873
Accrued income and prepayments
500
-
Amounts falling due after more than one year
Other debtors
3,269
13,947
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
18,061
24,321
Taxes and social security
23,579
5,455
Loans from directors
10,540
30,259
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
45,552
36,000
8
Provisions for liabilities
£
Additional provisions made during the period
2,552
Allowance for doubtful debts
9
Average number of employees
During the year the average number of employees was 2 (2023: 1).