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Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Cojam Limited

Cojam Limited (Registered number: 10102174)

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


Cojam Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Ms M Cohen
Ms J Cohen
A B Colvin
Mrs M Colvin





REGISTERED OFFICE: Suite 13, Branksome Park House
Branksome Business Park
Bourne Valley Road
Poole
Dorset
BH12 1ED





REGISTERED NUMBER: 10102174 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Cojam Limited (Registered number: 10102174)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,385 2,862
Tangible assets 5 84,974 64,350
87,359 67,212

CURRENT ASSETS
Debtors 6 112,835 106,174
Cash at bank and in hand 186,864 134,552
299,699 240,726
CREDITORS
Amounts falling due within one year 7 193,986 122,440
NET CURRENT ASSETS 105,713 118,286
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,072

185,498

CREDITORS
Amounts falling due after more than one
year

8

(31,747

)

(22,487

)

PROVISIONS FOR LIABILITIES 10 (16,608 ) (10,814 )
NET ASSETS 144,717 152,197

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 144,617 152,097
SHAREHOLDERS' FUNDS 144,717 152,197

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 directors acknowledge their 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.

Cojam Limited (Registered number: 10102174)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:




Ms J Cohen - Director



Ms M Cohen - Director


Cojam Limited (Registered number: 10102174)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Cojam 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 two businesses - the first in 2016 and the second in 2018, both being amortised evenly over their estimated useful lives of five 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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on cost and Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Cojam Limited (Registered number: 10102174)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 52 (2022 - 43 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 January 2023 79,435 4,770 84,205
Disposals (79,435 ) - (79,435 )
At 31 December 2023 - 4,770 4,770
AMORTISATION
At 1 January 2023 79,435 1,908 81,343
Amortisation for year - 477 477
Eliminated on disposal (79,435 ) - (79,435 )
At 31 December 2023 - 2,385 2,385
NET BOOK VALUE
At 31 December 2023 - 2,385 2,385
At 31 December 2022 - 2,862 2,862

Cojam Limited (Registered number: 10102174)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 24,663 58,137 23,059 105,859
Additions 3,073 - 36,500 39,573
Disposals (958 ) - (900 ) (1,858 )
At 31 December 2023 26,778 58,137 58,659 143,574
DEPRECIATION
At 1 January 2023 8,541 20,929 12,039 41,509
Charge for year 3,422 7,441 6,504 17,367
Eliminated on disposal (32 ) - (244 ) (276 )
At 31 December 2023 11,931 28,370 18,299 58,600
NET BOOK VALUE
At 31 December 2023 14,847 29,767 40,360 84,974
At 31 December 2022 16,122 37,208 11,020 64,350

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 36,500
At 31 December 2023 36,500
DEPRECIATION
Charge for year 2,008
At 31 December 2023 2,008
NET BOOK VALUE
At 31 December 2023 34,492

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 39,964 16,760
Other debtors 2,713 4,539
Prepayments & accrued income 70,158 84,875
112,835 106,174

Cojam Limited (Registered number: 10102174)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 12,190 10,989
Hire purchase contracts 6,413 -
Trade creditors 6,100 7,547
Tax 10,785 5,536
Social security and other taxes 13,220 13,817
Other creditors 64,498 57,035
Directors' current accounts 51,603 -
Accrued expenses 29,177 27,516
193,986 122,440

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 9) 12,031 22,487
Hire purchase contracts 19,716 -
31,747 22,487

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 12,190 10,989

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,400 10,989

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,631 11,498

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 16,608 10,814

Deferred
tax
£   
Balance at 1 January 2023 10,814
Provided during year 5,794
Balance at 31 December 2023 16,608

11. CALLED UP SHARE CAPITAL

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

Cojam Limited (Registered number: 10102174)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


12. ULTIMATE CONTROLLING PARTY

The company is under the control of the board of directors.