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REGISTERED NUMBER: 12309429 (England and Wales)















COTSWOLD OAK JOINERY & DESIGN LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






COTSWOLD OAK JOINERY & DESIGN LIMITED (REGISTERED NUMBER: 12309429)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


COTSWOLD OAK JOINERY & DESIGN LIMITED (REGISTERED NUMBER: 12309429)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,087 38,720

CURRENT ASSETS
Stocks 65,370 49,200
Debtors 5 245,637 247,111
Cash at bank and in hand 68,990 21,180
379,997 317,491
CREDITORS
Amounts falling due within one year 6 329,911 298,344
NET CURRENT ASSETS 50,086 19,147
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,173

57,867

CREDITORS
Amounts falling due after more than
one year

7

(15,000

)

(25,833

)

PROVISIONS FOR LIABILITIES (87 ) -
NET ASSETS 57,086 32,034

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 56,986 31,934
57,086 32,034

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.

COTSWOLD OAK JOINERY & DESIGN LIMITED (REGISTERED NUMBER: 12309429)

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 Profit and Loss Account 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:




R D S Thompson - Director



J M S Thompson - Director


COTSWOLD OAK JOINERY & DESIGN LIMITED (REGISTERED NUMBER: 12309429)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Cotswold Oak Joinery & Design Limited is a private company limited by shares. The company is registered in England under number 12309429 and the address of the registered office is Barclays Bank Chambers, Stratford upon Avon, Warwickshire, CV37 6AH. The company's place of business is Unit 4, Weston Industrial Estate, Honeybourne, Worcestershire WR11 7QB.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


COTSWOLD OAK JOINERY & DESIGN LIMITED (REGISTERED NUMBER: 12309429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 81,992
Additions 280
Disposals (1,243 )
At 31 December 2023 81,029
DEPRECIATION
At 1 January 2023 43,272
Charge for year 15,919
Eliminated on disposal (249 )
At 31 December 2023 58,942
NET BOOK VALUE
At 31 December 2023 22,087
At 31 December 2022 38,720

COTSWOLD OAK JOINERY & DESIGN LIMITED (REGISTERED NUMBER: 12309429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 218,162 200,700
Other debtors 27,475 46,411
245,637 247,111

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 119,019 87,903
Taxation and social security 59,439 29,554
Other creditors 141,453 170,887
329,911 298,344

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 15,000 25,833

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made available to the directors an unsecured loan by way of advances and credits. The total of advances and credits made during the year was £10,411. No repayments were made during the year. The loan was unsecured, and interest was charged at the official rate. The loan will be repaid in full within 9 months of the year end.

The directors of the company are the only shareholders of the company and are aware of the requirements of Section 197 of the Companies Act 2006 regarding approval by the members of loans to directors.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Wellesley Holdings Ltd.