Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mr A D Briggs 08/05/2017 Mr K M Clarke 08/05/2017 Mr R J Cooper 08/05/2017 Ms N J Craven 08/05/2017 Mrs N J Craven 19 September 2024 The principal activity of the Company during the financial year was a licensed restaurant. 10759691 2024-03-31 10759691 bus:Director1 2024-03-31 10759691 bus:Director2 2024-03-31 10759691 bus:Director3 2024-03-31 10759691 bus:Director4 2024-03-31 10759691 2023-03-31 10759691 core:CurrentFinancialInstruments 2024-03-31 10759691 core:CurrentFinancialInstruments 2023-03-31 10759691 core:Non-currentFinancialInstruments 2024-03-31 10759691 core:Non-currentFinancialInstruments 2023-03-31 10759691 core:ShareCapital 2024-03-31 10759691 core:ShareCapital 2023-03-31 10759691 core:RetainedEarningsAccumulatedLosses 2024-03-31 10759691 core:RetainedEarningsAccumulatedLosses 2023-03-31 10759691 core:LeaseholdImprovements 2023-03-31 10759691 core:PlantMachinery 2023-03-31 10759691 core:FurnitureFittings 2023-03-31 10759691 core:OfficeEquipment 2023-03-31 10759691 core:LeaseholdImprovements 2024-03-31 10759691 core:PlantMachinery 2024-03-31 10759691 core:FurnitureFittings 2024-03-31 10759691 core:OfficeEquipment 2024-03-31 10759691 core:CostValuation 2023-03-31 10759691 core:CostValuation 2024-03-31 10759691 core:WithinOneYear 2024-03-31 10759691 core:WithinOneYear 2023-03-31 10759691 core:BetweenOneFiveYears 2024-03-31 10759691 core:BetweenOneFiveYears 2023-03-31 10759691 2023-04-01 2024-03-31 10759691 bus:FilletedAccounts 2023-04-01 2024-03-31 10759691 bus:SmallEntities 2023-04-01 2024-03-31 10759691 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10759691 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10759691 bus:Director1 2023-04-01 2024-03-31 10759691 bus:Director2 2023-04-01 2024-03-31 10759691 bus:Director3 2023-04-01 2024-03-31 10759691 bus:Director4 2023-04-01 2024-03-31 10759691 bus:Director5 2023-04-01 2024-03-31 10759691 core:LeaseholdImprovements core:TopRangeValue 2023-04-01 2024-03-31 10759691 core:PlantMachinery core:TopRangeValue 2023-04-01 2024-03-31 10759691 core:FurnitureFittings core:TopRangeValue 2023-04-01 2024-03-31 10759691 core:OfficeEquipment core:TopRangeValue 2023-04-01 2024-03-31 10759691 2022-04-01 2023-03-31 10759691 core:LeaseholdImprovements 2023-04-01 2024-03-31 10759691 core:PlantMachinery 2023-04-01 2024-03-31 10759691 core:FurnitureFittings 2023-04-01 2024-03-31 10759691 core:OfficeEquipment 2023-04-01 2024-03-31 10759691 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 10759691 (England and Wales)

COOPER BRIGGS CLARKE LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

COOPER BRIGGS CLARKE LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

COOPER BRIGGS CLARKE LIMITED

BALANCE SHEET

As at 31 March 2024
COOPER BRIGGS CLARKE LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 208,531 254,402
Investments 4 136,834 136,834
345,365 391,236
Current assets
Stocks 5 19,266 34,271
Debtors 6 166,141 104,313
Cash at bank and in hand 51,525 10,001
236,932 148,585
Creditors: amounts falling due within one year 7 ( 565,140) ( 355,408)
Net current liabilities (328,208) (206,823)
Total assets less current liabilities 17,157 184,413
Creditors: amounts falling due after more than one year 8 ( 46,932) ( 93,352)
Provision for liabilities 9 ( 17,629) ( 9,404)
Net (liabilities)/assets ( 47,404) 81,657
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 47,504 ) 81,557
Total shareholders' (deficit)/funds ( 47,404) 81,657

For the financial 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.

Directors' responsibilities:

The financial statements of Cooper Briggs Clarke Limited (registered number: 10759691) were approved and authorised for issue by the Board of Directors on 19 September 2024. They were signed on its behalf by:

Mr A D Briggs
Director
Mr K M Clarke
Director
Mr R J Cooper
Director
Mrs N J Craven
Director
COOPER BRIGGS CLARKE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
COOPER BRIGGS CLARKE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cooper Briggs Clarke Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Leasehold improvements 9 years straight line
Plant and machinery 5 years straight line
Fixtures and fittings 5 years straight line
Office equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 42 49

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 April 2023 376,535 119,161 244,623 16,083 756,402
Additions 8,319 6,895 6,997 7,090 29,301
Disposals 0 0 0 ( 1,291) ( 1,291)
At 31 March 2024 384,854 126,056 251,620 21,882 784,412
Accumulated depreciation
At 01 April 2023 179,123 89,534 221,193 12,150 502,000
Charge for the financial year 44,889 19,406 7,729 1,879 73,903
Disposals 0 0 0 ( 22) ( 22)
At 31 March 2024 224,012 108,940 228,922 14,007 575,881
Net book value
At 31 March 2024 160,842 17,116 22,698 7,875 208,531
At 31 March 2023 197,412 29,627 23,430 3,933 254,402

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 April 2023 136,834
At 31 March 2024 136,834
Carrying value at 31 March 2024 136,834
Carrying value at 31 March 2023 136,834

5. Stocks

2024 2023
£ £
Stocks 19,266 34,271

6. Debtors

2024 2023
£ £
Trade debtors 46,618 17,043
Corporation tax 0 33,578
Other debtors 119,523 53,692
166,141 104,313

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 43,100 40,000
Trade creditors 83,209 130,508
Taxation and social security 143,780 68,305
Other creditors 295,051 116,595
565,140 355,408

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 46,932 93,352

There are no amounts included above in respect of which any security has been given by the small entity.

9. Provision for liabilities

2024 2023
£ £
Deferred tax 17,629 9,404

10. Financial commitments

Commitments

Capital commitments are as follows:

2024 2023
£ £
Contracted for but not provided for:
Finance leases entered into 102,139 138,112

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 35,310 35,973
between one and five years 66,829 102,139
102,139 138,112

11. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Three directors maintained interest free loans, repayable on demand. At the balance sheet date the amounts due to the directors was 68,257 83,591

One of the Directors loan accounts is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 April 2023, the balance owed to the director was £16,426. During the year, £19,954 was advanced to the director, and £nil was repaid by the director. At 31 March 2024, the balance owed by the director was £3,529.

At 1 April 2022, the balance owed to the director was £79,363. During the year, £62,937 was advanced to the director, and £nil was repaid by the director. At 31 March 2023, the balance owed to the director was £16,426.