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REGISTERED NUMBER: 09404720 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Cobalt Aluminium Limited

Cobalt Aluminium Limited (Registered number: 09404720)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cobalt Aluminium Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: R Chande
J A Deptuch
K Maj
M Piwonski
R Strzelecki
W K Markowicz





REGISTERED OFFICE: Cobalt House
59B Imperial Way
Croydon
Surrey
CR0 4RR





REGISTERED NUMBER: 09404720 (England and Wales)





ACCOUNTANTS: PHS Accountants Ltd
105a Albemarle Road
Beckenham
Kent
BR3 5HS

Cobalt Aluminium Limited (Registered number: 09404720)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 80,497 23,881

CURRENT ASSETS
Stocks 67,170 269,971
Debtors 6 310,819 40,178
Cash at bank and in hand 231,175 184,765
609,164 494,914
CREDITORS
Amounts falling due within one year 7 577,637 467,607
NET CURRENT ASSETS 31,527 27,307
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,024

51,188

CREDITORS
Amounts falling due after more than one
year

8

(80,778

)

(39,548

)

PROVISIONS FOR LIABILITIES (19,319 ) (4,334 )
NET ASSETS 11,927 7,306

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 11,727 7,106
SHAREHOLDERS' FUNDS 11,927 7,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Cobalt Aluminium Limited (Registered number: 09404720)

Balance Sheet - continued
31 January 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 31 January 2025 and were signed on its behalf by:





J A Deptuch - Director


Cobalt Aluminium Limited (Registered number: 09404720)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Cobalt Aluminium 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements has been prepared on the going concern basis assuming the continued support of its directors.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Cobalt Aluminium Limited (Registered number: 09404720)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 169,860
Additions 85,000
Disposals (52,165 )
At 31 January 2024 202,695
DEPRECIATION
At 1 February 2023 139,730
Charge for year 34,633
Eliminated on disposal (52,165 )
At 31 January 2024 122,198
NET BOOK VALUE
At 31 January 2024 80,497
At 31 January 2023 30,130

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023 153,361
Additions 85,000
Disposals (41,666 )
At 31 January 2024 196,695
DEPRECIATION
At 1 February 2023 123,231
Charge for year 34,633
Eliminated on disposal (41,666 )
At 31 January 2024 116,198
NET BOOK VALUE
At 31 January 2024 80,497
At 31 January 2023 30,130

Cobalt Aluminium Limited (Registered number: 09404720)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 116,119 (154,722 )
Other debtors 194,700 194,900
310,819 40,178

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 20,289 14,845
Trade creditors 325,462 181,609
Taxation and social security 83,137 103,292
Other creditors 138,749 157,861
577,637 467,607

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 13,333 23,333
Hire purchase contracts 67,445 16,215
80,778 39,548

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Hire purchase contracts 87,734 31,060