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REGISTERED NUMBER: 01289566 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

COOKES BAND INSTRUMENTS LIMITED

COOKES BAND INSTRUMENTS LIMITED (REGISTERED NUMBER: 01289566)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


COOKES BAND INSTRUMENTS LIMITED (REGISTERED NUMBER: 01289566)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 70,898 55,192
Investments 6 2,046 2,425
72,944 57,617

CURRENT ASSETS
Stocks 193,891 163,954
Debtors 7 65,477 33,199
Cash at bank and in hand 1,563 1,625
260,931 198,778
CREDITORS
Amounts falling due within one year 8 224,263 194,743
NET CURRENT ASSETS 36,668 4,035
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,612

61,652

CREDITORS
Amounts falling due after more than one
year

9

36,990

30,000
NET ASSETS 72,622 31,652

CAPITAL AND RESERVES
Called up share capital 10 15,400 15,400
Retained earnings 57,222 16,252
SHAREHOLDERS' FUNDS 72,622 31,652

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 19 November 2024 and were signed on its behalf by:



Mr M S Hedge - Director


COOKES BAND INSTRUMENTS LIMITED (REGISTERED NUMBER: 01289566)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Cookes Band Instruments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01289566

Registered office: 34 St Benedicts Street
Norwich
Norfolk
NR2 4AQ

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

The website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - land has not been depreciated
Improvements to leasehold premises - 4% on cost
Fixtures & equipment - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

COOKES BAND INSTRUMENTS LIMITED (REGISTERED NUMBER: 01289566)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Investments
Fixed asset investments are stated at market value at the year end.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 7,665
AMORTISATION
At 1 March 2023
and 29 February 2024 7,665
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 171,327 61,057 232,384
Additions - 27,540 27,540
Disposals - (10,995 ) (10,995 )
At 29 February 2024 171,327 77,602 248,929
DEPRECIATION
At 1 March 2023 128,316 48,876 177,192
Charge for year 951 6,244 7,195
Eliminated on disposal - (6,356 ) (6,356 )
At 29 February 2024 129,267 48,764 178,031
NET BOOK VALUE
At 29 February 2024 42,060 28,838 70,898
At 28 February 2023 43,011 12,181 55,192

Included in cost of land and buildings is freehold land of £ 34,989 (2023 - £ 34,989 ) which is not depreciated.

COOKES BAND INSTRUMENTS LIMITED (REGISTERED NUMBER: 01289566)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2023 2,425
Revaluations (379 )
At 29 February 2024 2,046
NET BOOK VALUE
At 29 February 2024 2,046
At 28 February 2023 2,425

Cost or valuation at 29 February 2024 is represented by:

Other
investments
£   
Valuation in 2024 2,046

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 6,019 6,019

Fixed asset investments were valued on an open market basis on 29 February 2024.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,690 8,829
Other debtors 41,787 24,370
65,477 33,199

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 35,510 41,515
Trade creditors 86,357 68,295
Taxation and social security 21,068 4,209
Other creditors 81,328 80,724
224,263 194,743

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 36,990 30,000

COOKES BAND INSTRUMENTS LIMITED (REGISTERED NUMBER: 01289566)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
14,000 Ordinary A £1 14,000 14,000
600 Ordinary B £1 600 600
700 Ordinary C £1 700 700
100 Ordinary D £1 100 100
15,400 15,400