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REGISTERED NUMBER: 08757497 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 October 2023

for

COUGHLAN NETWORK SERVICES LTD

COUGHLAN NETWORK SERVICES LTD (REGISTERED NUMBER: 08757497)

Contents of the Financial Statements
for the year ended 30 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

COUGHLAN NETWORK SERVICES LTD

Company Information
for the year ended 30 October 2023







Director: C Coughlan





Registered office: Aissela
46 High Street
Esher
Surrey
KT10 9QY





Registered number: 08757497 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

COUGHLAN NETWORK SERVICES LTD (REGISTERED NUMBER: 08757497)

Balance Sheet
30 October 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 64,447 60,459

Current assets
Stocks 500 500
Debtors 5 120,163 84,176
Cash at bank and in hand 283,078 441,225
403,741 525,901
Creditors
Amounts falling due within one year 6 216,863 272,361
Net current assets 186,878 253,540
Total assets less current liabilities 251,325 313,999

Creditors
Amounts falling due after more than one
year

7

(31,184

)

(39,964

)

Provisions for liabilities 8 (12,245 ) -
Net assets 207,896 274,035

Capital and reserves
Called up share capital 9 100 100
Retained earnings 10 207,796 273,935
Shareholders' funds 207,896 274,035

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

COUGHLAN NETWORK SERVICES LTD (REGISTERED NUMBER: 08757497)

Balance Sheet - continued
30 October 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 director and authorised for issue on 30 October 2024 and were signed by:





C Coughlan - Director


COUGHLAN NETWORK SERVICES LTD (REGISTERED NUMBER: 08757497)

Notes to the Financial Statements
for the year ended 30 October 2023


1. Statutory information

Coughlan Network Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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 each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.


COUGHLAN NETWORK SERVICES LTD (REGISTERED NUMBER: 08757497)

Notes to the Financial Statements - continued
for the year ended 30 October 2023


2. Accounting policies - continued
Taxation
Taxation for the year comprises current. 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.

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.

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 2 (2022 - 2 ) .

4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
Cost
At 31 October 2022 25,430 95,362 3,724 124,516
Additions 11,000 11,696 852 23,548
At 30 October 2023 36,430 107,058 4,576 148,064
Depreciation
At 31 October 2022 6,182 54,151 3,724 64,057
Charge for year 6,049 13,227 284 19,560
At 30 October 2023 12,231 67,378 4,008 83,617
Net book value
At 30 October 2023 24,199 39,680 568 64,447
At 30 October 2022 19,248 41,211 - 60,459

5. Debtors: amounts falling due within one year
2023 2022
£ £
Other debtors 42,714 80,930
Other loans 2,000 2,000
Directors' current accounts 61,477 -
VAT 13,972 1,246
120,163 84,176

COUGHLAN NETWORK SERVICES LTD (REGISTERED NUMBER: 08757497)

Notes to the Financial Statements - continued
for the year ended 30 October 2023


6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 3,250 3,020
Trade creditors - 24,732
Corporation tax 32,552 50,340
Other creditors 15,000 15,000
Directors' current accounts - 969
Accruals and deferred income 156,061 168,300
216,863 272,361

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 19,749 25,279
Hire purchase contracts 1,435 4,685
31,184 39,964

8. Provisions for liabilities
2023 2022
£ £
Deferred tax 12,245 -

Deferred tax
£
Provided during year 12,245
Balance at 30 October 2023 12,245

9. Called up share capital

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

COUGHLAN NETWORK SERVICES LTD (REGISTERED NUMBER: 08757497)

Notes to the Financial Statements - continued
for the year ended 30 October 2023


10. Reserves
Retained
earnings
£

At 31 October 2022 273,935
Profit for the year 18,861
Dividends (85,000 )
At 30 October 2023 207,796

11. Director's advances, credits and guarantees

At the balance sheeT date the company was owed £61,477 (2023 - owed £970 to) from the director. This amount is repayable and subject to loan interest at the beneficial rate.

Accountants' Report to the Director
on the Unaudited Financial Statements of
Coughlan Network Services Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Coughlan Network Services Ltd for the year ended 30 October 2023 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Coughlan Network Services Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Coughlan Network Services Ltd and state those matters that we have agreed to state to the director of Coughlan Network Services Ltd in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Coughlan Network Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Coughlan Network Services Ltd. You consider that Coughlan Network Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Coughlan Network Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY


30 October 2024