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REGISTERED NUMBER: 08401548 (England and Wales)














Financial Statements for the Year Ended 27 February 2024

for

Cosmoco Limited

Cosmoco Limited (Registered number: 08401548)






Contents of the Financial Statements
for the Year Ended 27 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Cosmoco Limited

Company Information
for the Year Ended 27 February 2024







DIRECTORS: Mr J R G Copeland
Mrs A M E Copeland
Mr F J Copeland





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 08401548 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Cosmoco Limited (Registered number: 08401548)

Statement of Financial Position
27 February 2024

27.2.24 27.2.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 343,162 339,702

CURRENT ASSETS
Debtors 5 227,438 230,171
Cash at bank 132,736 214,569
360,174 444,740
CREDITORS
Amounts falling due within one year 6 35,963 30,736
NET CURRENT ASSETS 324,211 414,004
TOTAL ASSETS LESS CURRENT LIABILITIES 667,373 753,706

CREDITORS
Amounts falling due after more than one
year

7

215,852

216,767
NET ASSETS 451,521 536,939

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 8 930 (2,070 )
Retained earnings 449,591 538,009
451,521 536,939

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 2024 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.

Cosmoco Limited (Registered number: 08401548)

Statement of Financial Position - continued
27 February 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:





Mrs A M E Copeland - Director


Cosmoco Limited (Registered number: 08401548)

Notes to the Financial Statements
for the Year Ended 27 February 2024

1. STATUTORY INFORMATION

Cosmoco Limited is a private company, registered 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 as modified by the revaluation of certain assets.

Turnover
Revenue 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 each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

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 1 (2023 - 1 ) .

Cosmoco Limited (Registered number: 08401548)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 28 February 2023 333,000 452 5,950 6,011 345,413
Additions - - - 2,289 2,289
Revaluations 3,000 - - - 3,000
At 27 February 2024 336,000 452 5,950 8,300 350,702
DEPRECIATION
At 28 February 2023 - 307 1,909 3,495 5,711
Charge for year - 22 606 1,201 1,829
At 27 February 2024 - 329 2,515 4,696 7,540
NET BOOK VALUE
At 27 February 2024 336,000 123 3,435 3,604 343,162
At 27 February 2023 333,000 145 4,041 2,516 339,702

Cost or valuation at 27 February 2024 is represented by:

Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Valuation in 2023 333,000 452 5,950 6,011 345,413
Valuation in 2024 3,000 - - 2,289 5,289
336,000 452 5,950 8,300 350,702

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.24 27.2.23
£    £   
Trade debtors 372 3,105
Amounts owed by associates 227,066 227,066
227,438 230,171

Cosmoco Limited (Registered number: 08401548)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.24 27.2.23
£    £   
Taxation and social security 35,689 29,958
Other creditors 274 778
35,963 30,736

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
27.2.24 27.2.23
£    £   
Bank loans 215,852 216,767

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 215,852 216,767

8. RESERVES
Fair
value
reserve
£   
At 28 February 2023 (2,070 )
Revaluation reserve 3,000

At 27 February 2024 930

9. RELATED PARTY DISCLOSURES

The Directors Mr J R G Copeland, Mrs A M E Copeland and Mr E J Copeland are considered to be the key management personnel.