1 01/01/2023 31/12/2023 2023-12-31 false false false false false false false true false false true false false false true true true false No description of principal activities is disclosed 2023-01-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 04792178 2023-01-01 2023-12-31 04792178 2023-12-31 04792178 2022-12-31 04792178 2022-01-01 2022-12-31 04792178 2022-12-31 04792178 2021-12-31 04792178 core:PlantMachinery 2023-01-01 2023-12-31 04792178 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 04792178 core:MotorVehicles 2023-01-01 2023-12-31 04792178 bus:Director1 2023-01-01 2023-12-31 04792178 core:PlantMachinery 2022-12-31 04792178 core:FurnitureFittingsToolsEquipment 2022-12-31 04792178 core:MotorVehicles 2022-12-31 04792178 core:PlantMachinery 2023-12-31 04792178 core:FurnitureFittingsToolsEquipment 2023-12-31 04792178 core:MotorVehicles 2023-12-31 04792178 core:AfterOneYear 2022-12-31 04792178 core:WithinOneYear 2023-12-31 04792178 core:WithinOneYear 2022-12-31 04792178 core:ShareCapital 2023-12-31 04792178 core:ShareCapital 2022-12-31 04792178 core:RetainedEarningsAccumulatedLosses 2023-12-31 04792178 core:RetainedEarningsAccumulatedLosses 2022-12-31 04792178 core:PlantMachinery 2022-12-31 04792178 core:MotorVehicles 2022-12-31 04792178 bus:SmallEntities 2023-01-01 2023-12-31 04792178 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04792178 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04792178 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04792178 bus:FullAccounts 2023-01-01 2023-12-31
Company registration number: 04792178
Paul R Cockill Ltd
Trading as Paul R Cockill Ltd
Unaudited filleted financial statements
31 December 2023
Paul R Cockill Ltd
Contents
Statement of financial position
Notes to the financial statements
Paul R Cockill Ltd
Statement of financial position
31 December 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 16,988 19,263
_______ _______
16,988 19,263
Current assets
Stocks 100 100
Debtors 6 2,219 -
Cash at bank and in hand 1,706 1,409
_______ _______
4,025 1,509
Creditors: amounts falling due
within one year 7 ( 5,792) ( 8,357)
_______ _______
Net current liabilities ( 1,767) ( 6,848)
_______ _______
Total assets less current liabilities 15,221 12,415
Creditors: amounts falling due
after more than one year 8 - ( 859)
Provisions for liabilities 1,767 ( 1,461)
_______ _______
Net assets 16,988 10,095
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 16,888 9,995
_______ _______
Shareholders funds 16,988 10,095
_______ _______
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 06 November 2024 , and are signed on behalf of the board by:
Mr Paul Cockill
Director
Company registration number: 04792178
Paul R Cockill Ltd
Notes to the financial statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 20 Skipton Road, Earby, Lancashire, BB18 6PX.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for the services rendered, net of discounts and Value Added Tax.Revenue from the provision of services is recognised in the period in which the services are provided when all of the following conditions are satisfied; the amount of revenue can be measured reliably; it is probable that the economic benefits associated with the transaction will flow to the entity; the stage of completion of the transaction at the end of the reporting period can be measured reliably and the costs incurred and costs to complete the transaction can be measured reliably.
Taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.Tax deferred or accelerated is accounted for in respect of all material timing differences, in particular accelerated capital allowances and revaluation gains on investment properties. All deferred tax is charged/(credited) to the Statement of Income and Retained Earnings.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 15 % reducing balance
Fittings fixtures and equipment - 33.33 % straight line
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in a settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.
Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 12,419 365 29,266 42,050
Additions 2,124 - - 2,124
_______ _______ _______ _______
At 31 December 2023 14,543 365 29,266 44,174
_______ _______ _______ _______
Depreciation
At 1 January 2023 6,176 365 16,246 22,787
Charge for the year 1,144 - 3,255 4,399
_______ _______ _______ _______
At 31 December 2023 7,320 365 19,501 27,186
_______ _______ _______ _______
Carrying amount
At 31 December 2023 7,223 - 9,765 16,988
_______ _______ _______ _______
At 31 December 2022 6,243 - 13,020 19,263
_______ _______ _______ _______
6. Debtors
2023 2022
£ £
Other debtors 2,219 -
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors - 455
Corporation tax 5,142 3,591
Other creditors 650 4,311
_______ _______
5,792 8,357
_______ _______
8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts - 859
_______ _______
9. Directors advances, credits and guarantees