IRIS Accounts Production v24.3.2.46 02407587 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh024075872023-04-30024075872024-04-30024075872023-05-012024-04-30024075872022-04-30024075872022-05-012023-04-30024075872023-04-3002407587ns15:EnglandWales2023-05-012024-04-3002407587ns14:PoundSterling2023-05-012024-04-3002407587ns10:Director12023-05-012024-04-3002407587ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3002407587ns10:SmallEntities2023-05-012024-04-3002407587ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3002407587ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3002407587ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3002407587ns10:FullAccounts2023-05-012024-04-3002407587ns10:Director22023-05-012024-04-3002407587ns10:RegisteredOffice2023-05-012024-04-3002407587ns5:CurrentFinancialInstruments2024-04-3002407587ns5:CurrentFinancialInstruments2023-04-3002407587ns5:Non-currentFinancialInstruments2024-04-3002407587ns5:Non-currentFinancialInstruments2023-04-3002407587ns5:ShareCapital2024-04-3002407587ns5:ShareCapital2023-04-3002407587ns5:RetainedEarningsAccumulatedLosses2024-04-3002407587ns5:RetainedEarningsAccumulatedLosses2023-04-3002407587ns5:PlantMachinery2023-05-012024-04-3002407587ns5:MotorVehicles2023-05-012024-04-3002407587ns5:PlantMachinery2023-04-3002407587ns5:MotorVehicles2023-04-3002407587ns5:PlantMachinery2024-04-3002407587ns5:MotorVehicles2024-04-3002407587ns5:PlantMachinery2023-04-3002407587ns5:MotorVehicles2023-04-3002407587ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3002407587ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30
REGISTERED NUMBER: 02407587 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Cotswood Fine Furniture Limited

Cotswood Fine Furniture Limited (Registered number: 02407587)

Contents of the Financial Statements
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cotswood Fine Furniture Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: W G Smith
Ms A Smith





REGISTERED OFFICE: 102 Northwick Park Business Centre
Blockley
Moreton-in-Marsh
Gloucestershire
GL56 9RF





REGISTERED NUMBER: 02407587 (England and Wales)





ACCOUNTANTS: Tayabali Tomlin
Chartered Accountants
Kenton House
Oxford Street
Moreton-in-Marsh
Gloucestershire
GL56 0LA

Cotswood Fine Furniture Limited (Registered number: 02407587)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,135 8,185

CURRENT ASSETS
Stocks 42,469 47,171
Debtors 5 8,515 3,135
Cash at bank 4,673 6,210
55,657 56,516
CREDITORS
Amounts falling due within one year 6 98,348 82,272
NET CURRENT LIABILITIES (42,691 ) (25,756 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(33,556

)

(17,571

)

CREDITORS
Amounts falling due after more than one
year

7

29,288

31,531
NET LIABILITIES (62,844 ) (49,102 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (63,844 ) (50,102 )
(62,844 ) (49,102 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Cotswood Fine Furniture Limited (Registered number: 02407587)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 January 2025 and were signed on its behalf by:





W G Smith - Director


Cotswood Fine Furniture Limited (Registered number: 02407587)

Notes to the Financial Statements
for the year ended 30 April 2024


1. STATUTORY INFORMATION

Cotswood Fine Furniture 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The directors consider that in preparing the financial statements they have taken into account all information available, and on this basis the financial statements are prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Cotswood Fine Furniture Limited (Registered number: 02407587)

Notes to the Financial Statements - continued
for the year ended 30 April 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 4 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 11,082 21,390 32,472
Additions 3,995 - 3,995
At 30 April 2024 15,077 21,390 36,467
DEPRECIATION
At 1 May 2023 6,844 17,443 24,287
Charge for year 2,058 987 3,045
At 30 April 2024 8,902 18,430 27,332
NET BOOK VALUE
At 30 April 2024 6,175 2,960 9,135
At 30 April 2023 4,238 3,947 8,185

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,692 158
Other debtors 2,823 2,977
8,515 3,135

Cotswood Fine Furniture Limited (Registered number: 02407587)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 35,016 49,480
Trade creditors 21,836 15,510
Taxation and social security 15,319 11,117
Other creditors 26,177 6,165
98,348 82,272

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 29,288 31,531

8. RELATED PARTY DISCLOSURES

Included within creditors: amounts falling due within one year is a director's current account in the sum of £9,052 (2023: £4,860). The account is unsecured, interest free and carries no fixed date of repayment.