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REGISTERED NUMBER: 02321056 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

M D COXEY & CO LIMITED

M D COXEY & CO LIMITED (REGISTERED NUMBER: 02321056)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M D COXEY & CO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: A J Lewis
C P Parsons
J Evans



REGISTERED OFFICE: 25 Grosvenor Road
Wrexham
LL11 1BT



REGISTERED NUMBER: 02321056 (England and Wales)



BANKERS: Barclays Bank plc
51-52 Hope Street
Wrexham
LL11 1BB

M D COXEY & CO LIMITED (REGISTERED NUMBER: 02321056)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 82,780 232,136
Tangible assets 5 20,257 23,028
103,037 255,164

CURRENT ASSETS
Stocks 6 2,500 2,500
Debtors 7 1,123,727 879,014
Cash at bank and in hand 682,218 746,017
1,808,445 1,627,531
CREDITORS
Amounts falling due within one year 8 998,856 953,611
NET CURRENT ASSETS 809,589 673,920
TOTAL ASSETS LESS CURRENT
LIABILITIES

912,626

929,084

PROVISIONS FOR LIABILITIES 10 5,064 5,525
NET ASSETS 907,562 923,559

CAPITAL AND RESERVES
Called up share capital 11 1,375 1,375
Retained earnings 906,187 922,184
SHAREHOLDERS' FUNDS 907,562 923,559

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

M D COXEY & CO LIMITED (REGISTERED NUMBER: 02321056)

BALANCE SHEET - continued
31ST MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st December 2024 and were signed on its behalf by:





A J Lewis - Director


M D COXEY & CO LIMITED (REGISTERED NUMBER: 02321056)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

M D Coxey & Co Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses, is being amortised evenly over its estimated useful lives as follows:
Year of acquisitionPeriod of amortisation
M D Coxey & Co.200520 yrs
McAleavy & Co.20095 yrs
Hall Livesey Brown (Chester)20195 yrs
Martin J Williams Limited20225 yrs

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

M D COXEY & CO LIMITED (REGISTERED NUMBER: 02321056)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 39 (2023 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 1,461,843
AMORTISATION
At 1st April 2023 1,229,707
Amortisation for year 149,356
At 31st March 2024 1,379,063
NET BOOK VALUE
At 31st March 2024 82,780
At 31st March 2023 232,136

5. TANGIBLE FIXED ASSETS
Fixtures
& equipment
£   
COST
At 1st April 2023 230,851
Additions 12,900
At 31st March 2024 243,751
DEPRECIATION
At 1st April 2023 207,823
Charge for year 15,671
At 31st March 2024 223,494
NET BOOK VALUE
At 31st March 2024 20,257
At 31st March 2023 23,028

M D COXEY & CO LIMITED (REGISTERED NUMBER: 02321056)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. STOCKS
31.3.24 31.3.23
£    £   
Stationery stock 2,500 2,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 681,416 676,258
Amounts recoverable on contract 192,960 163,070
Other debtors 200,000 -
Prepayments 49,351 39,686
1,123,727 879,014

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 19,321 3,521
Amounts owed to group undertakings 570,000 475,726
Tax 44,913 50,771
Social security and other taxes 39,532 40,121
VAT 99,206 114,811
Other creditors 36,753 53,128
Pension control 9,872 26,333
Credit card 601 25
Directors' current accounts 268 -
Accrued expenses 178,390 189,175
998,856 953,611

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 30,715 30,689
Between one and five years 113,000 113,000
In more than five years - 28,250
143,715 171,939

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 5,064 5,525

M D COXEY & CO LIMITED (REGISTERED NUMBER: 02321056)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st April 2023 5,525
Movement in the year due to:
changes in tax rates
changes in tax allowances (461 )
Balance at 31st March 2024 5,064

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
750 Ordinary A 10p 75 75
8,000 Ordinary B 10p 800 800
5,000 Ordinary C 10p 500 500
1,375 1,375

12. CAPITAL COMMITMENTS
31.3.24 31.3.23
£    £   
Contracted but not provided for in the
financial statements - -

13. ULTIMATE CONTROLLING PARTY

The controlling party is A J Lewis.