Company Registration No. 03742056 (England and Wales)
Cottingley Furnishers Ltd
Unaudited accounts
for the year ended 31 March 2024
Cottingley Furnishers Ltd
Unaudited accounts
Contents
Cottingley Furnishers Ltd
Company Information
for the year ended 31 March 2024
Company Number
03742056 (England and Wales)
Registered Office
30 Newmarket Street
Skipton
North Yorkshire
BD23 2JB
England
Accountants
Goodbooks (Skipton) Ltd
Duke House
Duke Street
Skipton
North Yorkshire
BD23 2HQ
Cottingley Furnishers Ltd
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
230,812
165,788
Creditors: amounts falling due within one year
(198,042)
(109,810)
Net current assets
108,023
57,419
Total assets less current liabilities
108,536
57,419
Creditors: amounts falling due after more than one year
(28,703)
(34,259)
Called up share capital
2
2
Profit and loss account
79,831
23,158
Shareholders' funds
79,833
23,160
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 director acknowledges her 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 and authorised for issue on 28 November 2024 and were signed on its behalf by
Emma Newton
Director
Company Registration No. 03742056
Cottingley Furnishers Ltd
Notes to the Accounts
for the year ended 31 March 2024
Cottingley Furnishers Ltd is a private company, limited by shares, registered in England and Wales, registration number 03742056. The registered office is 30 Newmarket Street, Skipton, North Yorkshire, BD23 2JB, 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 as modified by the revaluation of certain fixed assets.
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
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:
Computer equipment
20% Straight Line
Cottingley Furnishers Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
3,089
(3,577)
Accrued income and prepayments
3,219
4,997
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,556
5,556
Trade creditors
117,681
86,484
Taxes and social security
19,335
6,752
Loans from directors
11,600
-
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 4 (2023: 4).