Silverfin false true 31/05/2024 01/01/2024 31/05/2024 C J Wakely 19/06/2023 S Wakely 19/06/2023 19 November 2024 The principal activity of the Company during the financial period was that of a dormant company. 04099868 2024-05-31 04099868 bus:Director1 2024-05-31 04099868 bus:Director2 2024-05-31 04099868 core:CurrentFinancialInstruments 2024-05-31 04099868 core:CurrentFinancialInstruments 2023-12-31 04099868 2023-12-31 04099868 core:ShareCapital 2024-05-31 04099868 core:ShareCapital 2023-12-31 04099868 core:SharePremium 2024-05-31 04099868 core:SharePremium 2023-12-31 04099868 2024-01-01 2024-05-31 04099868 bus:FilletedAccounts 2024-01-01 2024-05-31 04099868 bus:SmallEntities 2024-01-01 2024-05-31 04099868 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-05-31 04099868 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-05-31 04099868 bus:Director1 2024-01-01 2024-05-31 04099868 bus:Director2 2024-01-01 2024-05-31 04099868 2023-01-01 2023-12-31 04099868 1 2024-01-01 2024-05-31 iso4217:GBP xbrli:pure

Company No: 04099868 (England and Wales)

COTTON & SON LIMITED

Unaudited Financial Statements
For the financial period from 01 January 2024 to 31 May 2024
Pages for filing with the registrar

COTTON & SON LIMITED

Unaudited Financial Statements

For the financial period from 01 January 2024 to 31 May 2024

Contents

COTTON & SON LIMITED

BALANCE SHEET

As at 31 May 2024
COTTON & SON LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 31.05.2024 31.12.2023
£ £
Current assets
Debtors 3 13,393 13,393
Cash at bank and in hand 100 100
13,493 13,493
Net current assets 13,493 13,493
Total assets less current liabilities 13,493 13,493
Net assets 13,493 13,493
Capital and reserves
Called-up share capital 100 100
Share premium account 13,393 13,393
Total shareholder's funds 13,493 13,493

Cotton & Son Limited (registered number: 04099868) did not trade during the current financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current financial year and therefore no Statement of Changes of Equity has been included. For the financial period ending 31 May 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The financial statements of Cotton & Son Limited (registered number: 04099868) were approved and authorised for issue by the Board of Directors on 19 November 2024. They were signed on its behalf by:

C J Wakely
Director
S Wakely
Director
COTTON & SON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 January 2024 to 31 May 2024
COTTON & SON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 January 2024 to 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cotton & Son Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 91 East Street, Bridport, DT6 3LB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The accounting reference date for Cotton & Son Limited was altered to 31 May in order to bring this in line with that of its parent company. This has resulted in a 5 month accounting period.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
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 financial statements. 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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
01.01.2024 to
31.05.2024
Year ended
31.12.2023
Number Number
Monthly average number of persons employed by the Company during the period, including directors 2 6

3. Debtors

31.05.2024 31.12.2023
£ £
Amounts owed by Parent undertakings 13,393 13,393

4. Ultimate controlling party

The company's immediate parent is A J Wakely & Sons Limited, incorporated in England and Wales. Its registered office address is 91 East Street, Bridport, DT6 3LB.

These financial statements are available upon request from Companies House, Cardiff.