Registered number
10720332
Cofton News & Wines Ltd
Filleted Accounts
31 March 2024
Cofton News & Wines Ltd
Registered number: 10720332
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 5,000 5,000
Tangible assets 4 187,382 187,509
192,382 192,509
Current assets
Stocks 24,195 23,208
Debtors 5 100 100
Cash at bank and in hand 44,384 11,468
68,679 34,776
Creditors: amounts falling due within one year 6 (113,834) (66,855)
Net current liabilities (45,155) (32,079)
Total assets less current liabilities 147,227 160,430
Creditors: amounts falling due after more than one year 7 (73,264) (79,658)
Net assets 73,963 80,772
Capital and reserves
Called up share capital 100 100
Profit and loss account 73,863 80,672
Shareholder's funds 73,963 80,772
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Daljeet Dadrah
Director
Approved by the board on 25 December 2024
Cofton News & Wines Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing Balance
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 5,000
At 31 March 2024 5,000
Amortisation
At 31 March 2024 -
Net book value
At 31 March 2024 5,000
At 31 March 2023 5,000
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 187,000 3,305 226 190,531
At 31 March 2024 187,000 3,305 226 190,531
Depreciation
At 1 April 2023 - 2,827 195 3,022
Charge for the year - 120 7 127
At 31 March 2024 - 2,947 202 3,149
Net book value
At 31 March 2024 187,000 358 24 187,382
At 31 March 2023 187,000 478 31 187,509
5 Debtors 2024 2023
£ £
Other debtors 100 100
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,147 1,215
Director loan 106,910 60,310
Taxation and social security costs 4,190 5,314
Other creditors 1,587 16
113,834 66,855
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 73,264 79,658
8 Other information
Cofton News & Wines Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5 Parsonage Drive
Rednal
Birmingham
West Midlands
B45 8AS
Cofton News & Wines Ltd 10720332 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 Daljeet Dadrah No description of principal activity 10720332 2022-04-01 2023-03-31 10720332 core:WithinOneYear 2023-03-31 10720332 core:AfterOneYear 2023-03-31 10720332 core:ShareCapital 2023-03-31 10720332 core:RetainedEarningsAccumulatedLosses 2023-03-31 10720332 2023-04-01 2024-03-31 10720332 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10720332 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10720332 bus:Director40 2023-04-01 2024-03-31 10720332 core:LandBuildings 2023-04-01 2024-03-31 10720332 core:PlantMachinery 2023-04-01 2024-03-31 10720332 core:Vehicles 2023-04-01 2024-03-31 10720332 countries:England 2023-04-01 2024-03-31 10720332 bus:FRS102 2023-04-01 2024-03-31 10720332 bus:FilletedAccounts 2023-04-01 2024-03-31 10720332 2024-03-31 10720332 core:WithinOneYear 2024-03-31 10720332 core:AfterOneYear 2024-03-31 10720332 core:ShareCapital 2024-03-31 10720332 core:RetainedEarningsAccumulatedLosses 2024-03-31 10720332 core:Goodwill 2024-03-31 10720332 core:LandBuildings 2024-03-31 10720332 core:PlantMachinery 2024-03-31 10720332 core:Vehicles 2024-03-31 10720332 2023-03-31 10720332 core:Goodwill 2023-03-31 10720332 core:LandBuildings 2023-03-31 10720332 core:PlantMachinery 2023-03-31 10720332 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure