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REGISTERED NUMBER: 01006650 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

John Cobb & Sons Limited

John Cobb & Sons Limited (Registered number: 01006650)






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


John Cobb & Sons Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs K Cobb
Mr J F Cobb
Mr J F Cobb
Mr J E Cobb





SECRETARY: Mr J F Cobb





REGISTERED OFFICE: Barrington Road
Orwell
Royston
Hertfordshire
SG8 5QP





REGISTERED NUMBER: 01006650 (England and Wales)





ACCOUNTANTS: Godfrey Laws & Co Limited
65 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

John Cobb & Sons Limited (Registered number: 01006650)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 698,438 524,462

CURRENT ASSETS
Stocks 3,353 3,353
Debtors 5 313,874 225,994
Cash at bank and in hand 1,526,070 1,392,351
1,843,297 1,621,698
CREDITORS
Amounts falling due within one year 6 311,839 204,589
NET CURRENT ASSETS 1,531,458 1,417,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,229,896

1,941,571

PROVISIONS FOR LIABILITIES 65,514 28,132
NET ASSETS 2,164,382 1,913,439

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 7 246,362 246,362
Retained earnings 1,917,020 1,666,077
2,164,382 1,913,439

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.

John Cobb & Sons Limited (Registered number: 01006650)

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 Statement of Income and Retained Earnings has not been delivered.

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 J F Cobb - Director


John Cobb & Sons Limited (Registered number: 01006650)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

John Cobb & 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.

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
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold landNil
Plant and machinery15% Reducing balance
Fixtures, fittings & equipment20% Straight line / 20% Reducing balance
Motor vehicles25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

John Cobb & Sons Limited (Registered number: 01006650)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 14 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 410,000 659,561 1,069,561
Additions - 203,798 203,798
At 31 March 2024 410,000 863,359 1,273,359
DEPRECIATION
At 1 April 2023 - 545,099 545,099
Charge for year - 29,822 29,822
At 31 March 2024 - 574,921 574,921
NET BOOK VALUE
At 31 March 2024 410,000 288,438 698,438
At 31 March 2023 410,000 114,462 524,462

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 191,164 119,457
Amounts owed by group undertakings 95,800 95,800
Other debtors 26,910 10,737
313,874 225,994

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 217,268 110,534
Taxation and social security 63,006 62,199
Other creditors 31,565 31,856
311,839 204,589

John Cobb & Sons Limited (Registered number: 01006650)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 246,362

8. ULTIMATE CONTROLLING PARTY

Mr J F Cobb and Mr J E Cobb jointly control the company by virtue of majority shareholding.