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REGISTERED NUMBER: 00700532















W.E. Cox Claims Group Limited

Financial Statements

for the Year Ended 31 July 2024






W.E. Cox Claims Group Limited (Registered number: 00700532)

Contents of the Financial Statements
for the year ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


W.E. Cox Claims Group Limited

Company Information
for the year ended 31 July 2024







Directors: M D Cox
D W Cox
S J Smith





Secretary: D J Watts





Registered office: 2 Leman Street
London
E1W 9US





Registered number: 00700532





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

W.E. Cox Claims Group Limited (Registered number: 00700532)

Balance Sheet
31 July 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 18,559 38,827
Tangible assets 5 28,623 3,101
Investments 6 52,154 52,154
99,336 94,082

Current assets
Debtors 7 3,989,035 3,660,365
Cash at bank 88,385 246,631
4,077,420 3,906,996
Creditors
Amounts falling due within one year 8 984,765 822,188
Net current assets 3,092,655 3,084,808
Total assets less current liabilities 3,191,991 3,178,890

Capital and reserves
Called up share capital 250,100 250,100
Share premium 31,000 31,000
Retained earnings 2,910,891 2,897,790
3,191,991 3,178,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





M D Cox - Director


W.E. Cox Claims Group Limited (Registered number: 00700532)

Notes to the Financial Statements
for the year ended 31 July 2024


1. Statutory information

W.E. Cox Claims Group Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents amounts receivable for services]provided in the year and is stated net of VAT.

The company received management fee income and rent income for the use of the property from its
subsidiaries during the year.

Goodwill
Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the balance sheet and amortised over its estimated useful life up to a maximum of 5 years. This length of time is presumed to be the maximum useful life of purchased goodwill because it is difficult to make projections beyond this period. Goodwill is reviewed for impairment at the end of the first full financial year following each acquisition and subsequently as and when necessary if circumstances emerge that indicate that the carrying value may not be recoverable.

Intangible assets
ntangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the
acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation 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:

Software Over 3 years

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:

Plant and machinery Over 5 years
Computer equipment 33% on cost

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.

W.E. Cox Claims Group Limited (Registered number: 00700532)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


2. Accounting policies - continued

Investments in subsidiaries
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and
subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a longterm interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

Financial instruments
Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the Company's cash management.

Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

3. Employees and directors

The average number of employees during the year was 13 (2023 - 13 ) .

W.E. Cox Claims Group Limited (Registered number: 00700532)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


4. Intangible fixed assets
Computer
Goodwill software Totals
£ £ £
Cost
At 1 August 2023
and 31 July 2024 139,791 97,025 236,816
Amortisation
At 1 August 2023 139,789 58,200 197,989
Amortisation for year - 20,268 20,268
At 31 July 2024 139,789 78,468 218,257
Net book value
At 31 July 2024 2 18,557 18,559
At 31 July 2023 2 38,825 38,827

5. Tangible fixed assets
Plant and Computer
machinery equipment Totals
£ £ £
Cost
At 1 August 2023 119,536 46,383 165,919
Additions - 41,835 41,835
At 31 July 2024 119,536 88,218 207,754
Depreciation
At 1 August 2023 119,535 43,283 162,818
Charge for year - 16,313 16,313
At 31 July 2024 119,535 59,596 179,131
Net book value
At 31 July 2024 1 28,622 28,623
At 31 July 2023 1 3,100 3,101

6. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 August 2023
and 31 July 2024 52,154
Net book value
At 31 July 2024 52,154
At 31 July 2023 52,154

W.E. Cox Claims Group Limited (Registered number: 00700532)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


7. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 24,681 349,100
Amounts owed by group undertakings 1,107,149 1,196,181
Amounts owed by associates 2,353,596 1,944,147
Other debtors 503,609 170,937
3,989,035 3,660,365

8. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 287,344 128,541
Amounts owed to associates 37,942 40,334
Taxation and social security 120,489 80,658
Other creditors 538,990 572,655
984,765 822,188

9. Ultimate controlling party

W.E. Cox Claims Group Limited is the immediate, and ultimate parent undertaking of the group, which has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

The ultimate parent company's registered office is 2 Leman Street, London, E1W 9US.

The interest of the directors in that company's share capital can be found in the accounts of that company.