Company Registration No. 12280636 (England and Wales)
Cobb Cows Limited
Unaudited accounts
for the year ended 31 October 2023
Cobb Cows Limited
Unaudited accounts
Contents
Cobb Cows Limited
Company Information
for the year ended 31 October 2023
Company Number
12280636 (England and Wales)
Registered Office
Hordle Manor Farm, Cliff Road
Milford on Sea
Lymington
Hampshire
SO41 0NW
Accountants
For and on Behalf of Tee Accounts Limited
Rosehill House
Polgooth
Polgooth
PL26 7BA
Cobb Cows Limited
Statement of financial position
as at 31 October 2023
Tangible assets
82,966
102,363
Cash at bank and in hand
1,761
21,633
Creditors: amounts falling due within one year
(167,448)
(174,681)
Net current liabilities
(145,602)
(44,392)
Total assets less current liabilities
(62,636)
57,971
Creditors: amounts falling due after more than one year
(109,366)
(131,850)
Net liabilities
(172,002)
(73,879)
Called up share capital
100
100
Profit and loss account
(172,102)
(73,979)
Shareholders' funds
(172,002)
(73,879)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2024 and were signed on its behalf by
Matthew Cobb
Director
Company Registration No. 12280636
Cobb Cows Limited
Notes to the Accounts
for the year ended 31 October 2023
Cobb Cows Limited is a private company, limited by shares, registered in England and Wales, registration number 12280636. The registered office is Hordle Manor Farm, Cliff Road, Milford on Sea, Lymington, Hampshire, SO41 0NW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line and 10% straight line, per annum
Fixtures & fittings
20% straight line, per annum
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Cobb Cows Limited
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
135,360
21,483
232
157,075
Additions
2,800
500
-
3,300
Disposals
-
(11,557)
-
(11,557)
At 31 October 2023
138,160
10,426
232
148,818
At 1 November 2022
42,492
12,174
46
54,712
Charge for the year
15,557
4,397
46
20,000
On disposals
-
(8,860)
-
(8,860)
At 31 October 2023
58,049
7,711
92
65,852
At 31 October 2023
80,111
2,715
140
82,966
At 31 October 2022
92,868
9,309
186
102,363
Amounts falling due within one year
Deferred tax asset
16,276
19,449
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,039
4,146
Trade creditors
28,652
51,114
Taxes and social security
388
212
Loans from directors
107,607
86,408
Deferred income
27,762
30,847
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
109,366
131,850
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).