Registered number
10113282
COBBLEPRINT LTD
Filleted Accounts
30 April 2024
COBBLEPRINT LTD
Registered number: 10113282
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 12,000 18,000
Tangible assets 4 10,668 12,660
22,668 30,660
Current assets
Debtors 5 38,158 20,692
Cash at bank and in hand 1,634 8,747
39,792 29,439
Creditors: amounts falling due within one year 6 (53,473) (39,464)
Net current liabilities (13,681) (10,025)
Total assets less current liabilities 8,987 20,635
Creditors: amounts falling due after more than one year 7 (21,600) (33,807)
Provisions for liabilities (5,487) (5,487)
Net liabilities (18,100) (18,659)
Capital and reserves
Profit and loss account (18,100) (18,659)
Shareholders' funds (18,100) (18,659)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L Hussey
Director
Approved by the board on 28 January 2025
COBBLEPRINT LTD
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
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:
Motor Vehicle over 10 years
Motor Vehicle over 5 years
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 60,000
At 30 April 2024 60,000
Amortisation
At 1 May 2023 42,000
Provided during the year 6,000
At 30 April 2024 48,000
Net book value
At 30 April 2024 12,000
At 30 April 2023 18,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 2,450 19,500 21,950
Additions 798 - 798
At 30 April 2024 3,248 19,500 22,748
Depreciation
At 1 May 2023 1,490 7,800 9,290
Charge for the year 320 2,470 2,790
At 30 April 2024 1,810 10,270 12,080
Net book value
At 30 April 2024 1,438 9,230 10,668
At 30 April 2023 960 11,700 12,660
5 Debtors 2024 2023
£ £
Other debtors 38,158 20,692
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,999 5,806
Obligations under finance lease and hire purchase contracts 238 2,860
Trade creditors 20,819 9,958
Taxation and social security costs 22,863 15,469
Other creditors 4,554 5,371
53,473 39,464
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 21,600 31,570
Obligations under finance lease and hire purchase contracts - 239
Other creditors - 1,998
21,600 33,807
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
L Hussey 10,346 9,081 (348) 19,079
D Hussey 10,346 9,081 (348) 19,079
20,692 18,162 (696) 38,158
9 Other information
COBBLEPRINT LTD is a private company limited by shares and incorporated in England. Its registered office is:
Suite 1 Trinity House
33a Market Street
Lichfield
Staffordshire
WS13 6LA
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