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Company Registration No. 11435613 (England and Wales)
COTTSON LTD Unaudited accounts for the year ended 30 June 2024
COTTSON LTD Unaudited accounts Contents
Page
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COTTSON LTD Company Information for the year ended 30 June 2024
Directors
Mr Thomas Charles Simpson Mr George Northcott
Company Number
11435613 (England and Wales)
Registered Office
38 Sandford View Newton Abbot Devon TQ12 2TH
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons) South Devon Accounting Ltd 6 Orchard Close Ogwell Newton Abbot TQ12 6AL
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COTTSON LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
9 
16 
Cash at bank and in hand
23 
88 
32 
104 
Creditors: amounts falling due within one year
(6,802)
(3,869)
Net current liabilities
(6,770)
(3,765)
Total assets less current liabilities
(6,770)
(3,765)
Creditors: amounts falling due after more than one year
(10,943)
(12,395)
Net liabilities
(17,713)
(16,160)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(17,723)
(16,170)
Shareholders' funds
(17,713)
(16,160)
For the year ending 30 June 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by
Mr Thomas Charles Simpson Director Company Registration No. 11435613
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COTTSON LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
COTTSON LTD is a private company, limited by shares, registered in England and Wales, registration number 11435613. The registered office is 38 Sandford View, Newton Abbot, Devon, TQ12 2TH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Stocks & Work in Progress
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
9 
16 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,071 
744 
Trade creditors
1,497 
792 
Loans from directors
2,934 
1,933 
Accruals
300 
400 
6,802 
3,869 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,943 
12,395 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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