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Registered number: 02578344
Coopers Gourmet Foods Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02578344
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 601,378 584,139
601,378 584,139
CURRENT ASSETS
Stocks 5 237,604 210,522
Debtors 6 316,798 237,985
Cash at bank and in hand 209,621 49,699
764,023 498,206
Creditors: Amounts Falling Due Within One Year 7 (555,114 ) (332,481 )
NET CURRENT ASSETS (LIABILITIES) 208,909 165,725
TOTAL ASSETS LESS CURRENT LIABILITIES 810,287 749,864
Creditors: Amounts Falling Due After More Than One Year 8 (193,722 ) (234,605 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (121,454 ) (112,037 )
NET ASSETS 495,111 403,222
CAPITAL AND RESERVES
Called up share capital 10 2,000 2,000
Profit and Loss Account 493,111 401,222
SHAREHOLDERS' FUNDS 495,111 403,222
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ivan Richard Watkiss
Director
Mrs Susan Gillian Watkiss
Director
Mr Jordan Watkiss
Director
Mrs India Carter
Director
27 November 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Coopers Gourmet Foods Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02578344 . The registered office is Poynton Road, Roden, Telford, TF6 6BN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10%/20% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance/20% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 29 30
29 30
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 451,596 69,335 810,500 1,331,431
Additions 6,628 - 156,753 163,381
Disposals - - (57,765 ) (57,765 )
As at 31 March 2024 458,224 69,335 909,488 1,437,047
Depreciation
As at 1 April 2023 272,031 50,990 424,271 747,292
Provided during the period 46,964 4,586 80,253 131,803
Disposals - - (43,426 ) (43,426 )
As at 31 March 2024 318,995 55,576 461,098 835,669
Net Book Value
As at 31 March 2024 139,229 13,759 448,390 601,378
As at 1 April 2023 179,565 18,345 386,229 584,139
5. Stocks
2024 2023
£ £
Stock 237,604 210,522
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Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 273,357 175,844
Prepayments and accrued income 23,901 25,434
Other debtors 901 4,763
Corporation tax recoverable assets - 30
VAT 18,639 31,914
316,798 237,985
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 32,314 28,242
Trade creditors 207,480 161,796
Bank loans and overdrafts 10,880 10,000
Corporation tax 36,673 576
Other taxes and social security 9,666 9,797
Net wages - 493
Other creditors 116,340 33,702
Accruals and deferred income 71,562 64,545
Directors' loan accounts 70,199 23,330
555,114 332,481
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 33,429 44,161
Bank loans 12,500 22,501
Accruals and deferred income 34,494 54,641
Directors loan account 113,299 113,302
193,722 234,605
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 65,743 72,403
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,000 2,000
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11. Other Commitments
At the end of the period the company had annual commitments under non-cancellable operating leases as follows:
2024 2023
£ £
Not later than one year 69,781 61,616
Later than one year and not later than five years 170,569 210,413
240,350 272,029
12. Directors Advances, Credits and Guarantees
Aggregate dividends paid to directors during the year were £124,863 (2023 : £97,975).
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