2 COUSINS POWERED ACCESS LIMITED

Company Registration Number:
06530532 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

2 COUSINS POWERED ACCESS LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

2 COUSINS POWERED ACCESS LIMITED

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal activities of the company

The company's principal activity during the year continued to be that of renting and leasing out construction and civil engineering machinery and equipment.



Directors

The directors shown below have held office during the whole of the period from
1 May 2023 to 30 April 2024

J PRISLEY
C Checchia


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 October 2024

And signed on behalf of the board by:
Name: J PRISLEY
Status: Director

2 COUSINS POWERED ACCESS LIMITED

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 2,230,985 2,311,399
Total fixed assets: 2,230,985 2,311,399
Current assets
Debtors: 4 1,231,516 1,456,700
Cash at bank and in hand: 201,184 231,087
Total current assets: 1,432,700 1,687,787
Creditors: amounts falling due within one year: 5 ( 1,137,363 ) ( 1,096,634 )
Net current assets (liabilities): 295,337 591,153
Total assets less current liabilities: 2,526,322 2,902,552
Creditors: amounts falling due after more than one year: 6 ( 827,115 ) ( 1,183,255 )
Provision for liabilities: ( 365,264 ) ( 365,264 )
Total net assets (liabilities): 1,333,943 1,354,033
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,333,843 1,353,933
Total Shareholders' funds: 1,333,943 1,354,033

The notes form part of these financial statements

2 COUSINS POWERED ACCESS LIMITED

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 31 October 2024
and signed on behalf of the board by:

Name: J PRISLEY
Status: Director

The notes form part of these financial statements

2 COUSINS POWERED ACCESS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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.

    Tangible fixed assets depreciation policy

    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: Freehold buildings over 50 years Leasehold land and buildings over the lease term Plant and machinery 25% on cost and 10% on cost Fixtures, fittings, tools and equipment over 5 years

2 COUSINS POWERED ACCESS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 13 14

2 COUSINS POWERED ACCESS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 4,840,395 4,840,395
Additions 464,828 464,828
Disposals ( 63,815 ) ( 63,815 )
Revaluations
Transfers
At 30 April 2024 5,241,408 5,241,408
Depreciation
At 1 May 2023 2,528,996 2,528,996
Charge for year 502,082 502,082
On disposals ( 20,655 ) ( 20,655 )
Other adjustments
At 30 April 2024 3,010,423 3,010,423
Net book value
At 30 April 2024 2,230,985 2,230,985
At 30 April 2023 2,311,399 2,311,399

2 COUSINS POWERED ACCESS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Debtors

2024 2023
£ £
Trade debtors 350,680 547,536
Other debtors 880,836 909,164
Total 1,231,516 1,456,700

2 COUSINS POWERED ACCESS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 13,395 13,395
Amounts due under finance leases and hire purchase contracts 572,925 592,324
Trade creditors 534,971 420,377
Taxation and social security 4,070 63,031
Other creditors 12,002 7,507
Total 1,137,363 1,096,634

2 COUSINS POWERED ACCESS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 30,173 45,394
Amounts due under finance leases and hire purchase contracts 796,942 1,137,861
Total 827,115 1,183,255