Company Registration No. 09677534 (England and Wales)
J C Cook Cycles Limited
Unaudited accounts
for the year ended 31 March 2024
J C Cook Cycles Limited
Unaudited accounts
Contents
J C Cook Cycles Limited
Company Information
for the year ended 31 March 2024
Directors
Mr Adrian Blow
Mrs Jenny Blow
Company Number
09677534 (England and Wales)
Registered Office
Unit 13 Jackson Place
Humberston
Grimsby
N E Lincs
DN36 4AS
England
Accountants
LRCA Limited
McCue House
70 Wilton Road
Grimsby
N E Lincs
DN36 4AW
J C Cook Cycles Limited
Statement of financial position
as at 31 March 2024
Tangible assets
82,585
26,576
Inventories
264,000
264,000
Cash at bank and in hand
36,352
33,755
Creditors: amounts falling due within one year
(155,300)
(175,843)
Net current assets
205,297
262,118
Total assets less current liabilities
287,882
288,694
Creditors: amounts falling due after more than one year
(13,333)
(23,333)
Provisions for liabilities
Deferred tax
(15,691)
(5,049)
Net assets
258,858
260,312
Called up share capital
100
100
Profit and loss account
258,758
260,212
Shareholders' funds
258,858
260,312
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by
Mr Adrian Blow
Director
Company Registration No. 09677534
J C Cook Cycles Limited
Notes to the Accounts
for the year ended 31 March 2024
J C Cook Cycles Limited is a private company, limited by shares, registered in England and Wales, registration number 09677534. The registered office is Unit 13 Jackson Place , Humberston, Grimsby, N E Lincs, DN36 4AS, England.
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25 years straight line
Motor vehicles
25% straight line
Fixtures & fittings
10% straight line
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
J C Cook Cycles Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
-
23,434
61,234
84,668
Additions
27,745
43,499
-
71,244
Disposals
-
(23,434)
-
(23,434)
At 31 March 2024
27,745
43,499
61,234
132,478
At 1 April 2023
-
21,917
36,175
58,092
Charge for the year
647
8,248
6,123
15,018
On disposals
-
(23,217)
-
(23,217)
At 31 March 2024
647
6,948
42,298
49,893
At 31 March 2024
27,098
36,551
18,936
82,585
At 31 March 2023
-
1,517
25,059
26,576
Amounts falling due within one year
Trade debtors
27,137
6,190
Accrued income and prepayments
4,329
4,248
Other debtors
28,779
18,910
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Trade creditors
124,247
96,950
Taxes and social security
2,353
15,403
Other creditors
6,061
7,178
Loans from directors
766
35,660
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 7 (2023: 9).