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REGISTERED NUMBER: 00256491 (England and Wales)









T COUZENS & SONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






T COUZENS & SONS LIMITED (REGISTERED NUMBER: 00256491)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T COUZENS & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: T E Couzens
Mrs A Couzens



SECRETARY: MC Secretaries Limited



REGISTERED OFFICE: Station House
North Street
Havant
Hampshire
PO9 1QU



REGISTERED NUMBER: 00256491 (England and Wales)



ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
Havant
Hampshire
PO9 1QU



SOLICITORS: Burley & Geach
8 Swan Street
Petersfield
Hampshire
GU32 3AE

T COUZENS & SONS LIMITED (REGISTERED NUMBER: 00256491)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 168,232 174,740
Investment property 5 120,000 120,000
288,232 294,740

CURRENT ASSETS
Stocks 2,990 5,980
Debtors 6 1,498,733 1,495,907
Cash at bank 280,076 354,053
1,781,799 1,855,940
CREDITORS
Amounts falling due within one year 7 142,012 131,059
NET CURRENT ASSETS 1,639,787 1,724,881
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,928,019

2,019,621

PROVISIONS FOR LIABILITIES - 1,569
NET ASSETS 1,928,019 2,018,052

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Revaluation reserve 150,977 152,933
Retained earnings 1,727,042 1,815,119
SHAREHOLDERS' FUNDS 1,928,019 2,018,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

T COUZENS & SONS LIMITED (REGISTERED NUMBER: 00256491)

BALANCE SHEET - continued
31 MARCH 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 18 October 2024 and were signed on its behalf by:





T E Couzens - Director


T COUZENS & SONS LIMITED (REGISTERED NUMBER: 00256491)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

T Couzens & Sons 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the amount of invoiced sales of goods and work done, excluding value added tax, as adjusted for the value of work done but not billed at the balance sheet date and referred to in these accounts as recoverable on contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 0.8% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

Pension costs and other post-retirement benefits
The company operates a pension scheme via the recognised trade body. Employer contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

T COUZENS & SONS LIMITED (REGISTERED NUMBER: 00256491)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 190,000 29,458 6,693 56,420 282,571
Disposals - (2,232 ) - (8,500 ) (10,732 )
At 31 March 2024 190,000 27,226 6,693 47,920 271,839
DEPRECIATION
At 1 April 2023 25,840 29,458 5,488 47,045 107,831
Charge for year 1,520 - 301 4,687 6,508
Eliminated on disposal - (2,232 ) - (8,500 ) (10,732 )
At 31 March 2024 27,360 27,226 5,789 43,232 103,607
NET BOOK VALUE
At 31 March 2024 162,640 - 904 4,688 168,232
At 31 March 2023 164,160 - 1,205 9,375 174,740

Freehold properties were valued by the directors as at 1 April 2008 and the revalued amount has been included in these financial statements. The historic cost of freehold properties as at 31 March 2024 is £4,180 (2023: £4,180).

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 120,000
NET BOOK VALUE
At 31 March 2024 120,000
At 31 March 2023 120,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2008 58,680
Valuation in 2015 46,667
Valuation in 2016 6,666
Valuation in 2017 6,667
Cost 1,320
120,000

T COUZENS & SONS LIMITED (REGISTERED NUMBER: 00256491)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,320 1,320

Investment property was valued on an open market basis on 31 March 2024 by the directors .

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 52,347 40,706
Amounts recoverable on contracts 34,139 35,232
Other debtors 78,914 86,636
165,400 162,574

Amounts falling due after more than one year:
Other debtors 1,333,333 1,333,333

Aggregate amounts 1,498,733 1,495,907

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 37,705 35,761
Taxation and social security 19,726 21,401
Other creditors 84,581 73,897
142,012 131,059