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Cooks Carpets & Furnishing Ltd
Registered Number:04254698
For the year ended 31 July 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2024
Cooks Carpets & Furnishing Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
04254698
As at 31 July 2024
Cooks Carpets & Furnishing Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
35,901
27,140
3
35,901
27,140
Current assets
Inventories
88,128
98,128
4
Trade and other receivables
74,106
24,603
5
92,536
Cash and cash equivalents
89,330
212,061
254,770
Trade and other payables: amounts falling due within one
year
(120,091)
(99,508)
6
134,679
112,553
Net current assets
Total assets less current liabilities
148,454
161,819
Trade and other payables: amounts falling due after more
than one year
(40,960)
(62,327)
7
(6,821)
(5,157)
Provisions for liabilities
79,306
Net assets
115,702
Capital and reserves
Called up share capital
110
110
Retained earnings
79,196
115,592
79,306
115,702
Shareholders' funds
For the year ended 31 July 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 of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
04254698
For the year ended 31 July 2024
Cooks Carpets & Furnishing Ltd
Statement of Financial Position Continued
Mr P Asplet Director
These financial statements were approved and authorised for issue by the Board on 07 January 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 July 2024
Cooks Carpets & Furnishing Ltd
Notes to the Financial Statements
Statutory Information
Cooks Carpets & Furnishing Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04254698.
Registered address:
Unit 1
Oaktree Business Park
Queens Lane
Mold
CH7 1XB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Straight line
Computer & office equipment
15% Straight line
Motor vehicles & plant
20% Straight line
Fixtures & fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
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6
For the year ended 31 July 2024
Cooks Carpets & Furnishing Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Website
Cost or valuation
£
At 01 August 2023
4,170
At 31 July 2024
4,170
At 01 August 2023
4,170
At 31 July 2024
4,170
3. Property, plant and equipment
Total
Computer &
office
equipment
Fixtures &
fittings
Motor vehicles
& plant
£
£
£
£
Cost or
valuation
At 01 August 2023
186,828
25,146
141,159
20,523
15,961
192
3,318
12,451
Additions
At 31 July 2024
32,974
144,477
25,338
202,789
Provision for depreciation and impairment
At 01 August 2023
159,688
24,157
120,808
14,723
Charge for year
7,200
473
4,859
1,868
At 31 July 2024
166,888
24,630
125,667
16,591
At 31 July 2024
Net book value
16,383
18,810
708
35,901
At 31 July 2023
5,800
20,351
989
27,140
4. Inventories
2023
2024
£
£
Stocks
98,128
88,128
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7
For the year ended 31 July 2024
Cooks Carpets & Furnishing Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
10,939
58,227
Prepayments and accrued income
3,733
3,733
Taxation and social security
2,771
-
Other debtors
7,160
12,146
74,106
24,603
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
10,508
10,090
Trade creditors
65,128
50,756
Taxation and social security
14,251
37,280
Accruals and deferred income
5,200
5,200
Obligations under HP/Financial leases
2,366
-
Other creditors
2,055
16,765
99,508
120,091
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
9,492
21,636
19,324
46,094
Directors' loan accounts
-
6,741
Obligations under HP/Financial leases
62,327
40,960
8. Average number of persons employed
During the year the average number of employees was 6 (2023 : 5)
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