IRIS Accounts Production v24.3.0.553 SC603961 Board of Directors 1.8.23 31.7.24 31.7.24 0 0 false true false false true false Ordinary A Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6039612023-07-31SC6039612024-07-31SC6039612023-08-012024-07-31SC6039612022-07-31SC6039612022-08-012023-07-31SC6039612023-07-31SC603961ns15:Scotland2023-08-012024-07-31SC603961ns14:PoundSterling2023-08-012024-07-31SC603961ns10:Director12023-08-012024-07-31SC603961ns10:PrivateLimitedCompanyLtd2023-08-012024-07-31SC603961ns10:SmallEntities2023-08-012024-07-31SC603961ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-31SC603961ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-31SC603961ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-31SC603961ns10:FullAccounts2023-08-012024-07-31SC603961ns10:OrdinaryShareClass12023-08-012024-07-31SC603961ns10:Director22023-08-012024-07-31SC603961ns10:RegisteredOffice2023-08-012024-07-31SC603961ns5:CurrentFinancialInstruments2024-07-31SC603961ns5:CurrentFinancialInstruments2023-07-31SC603961ns5:ShareCapital2024-07-31SC603961ns5:ShareCapital2023-07-31SC603961ns5:RetainedEarningsAccumulatedLosses2024-07-31SC603961ns5:RetainedEarningsAccumulatedLosses2023-07-31SC603961ns5:PlantMachinery2023-08-012024-07-31SC603961ns5:PlantMachinery2023-07-31SC603961ns5:PlantMachinery2024-07-31SC603961ns5:PlantMachinery2023-07-31SC603961ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-31SC603961ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-31SC603961ns10:OrdinaryShareClass12024-07-31
REGISTERED NUMBER: SC603961 (Scotland)






















Unaudited Financial Statements

for the Year Ended 31st July 2024

for

Cottonandcompany Ltd

Cottonandcompany Ltd (Registered number: SC603961)






Contents of the Financial Statements
for the Year Ended 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cottonandcompany Ltd

Company Information
for the Year Ended 31st July 2024







DIRECTORS: S A C Dalrymple
J C C O'Meara





REGISTERED OFFICE: Roselea
Bielhill
Dunbar
East Lothian
EH42 1SY





REGISTERED NUMBER: SC603961 (Scotland)





ACCOUNTANTS: Barker & Co
Chartered Accountants
Watling Offices
Smockington Lane
Wolvey
Hinckley
Leicestershire
LE10 3AY

Cottonandcompany Ltd (Registered number: SC603961)

Balance Sheet
31st July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 334 590

CURRENT ASSETS
Stocks 5,481 2,890
Debtors 5 1,664 5,892
Cash at bank 5,619 807
12,764 9,589
CREDITORS
Amounts falling due within one year 6 4,072 3,546
NET CURRENT ASSETS 8,692 6,043
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,026

6,633

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 9,024 6,631
SHAREHOLDERS' FUNDS 9,026 6,633

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

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

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 16th January 2025 and were signed on its behalf by:





J C C O'Meara - Director


Cottonandcompany Ltd (Registered number: SC603961)

Notes to the Financial Statements
for the Year Ended 31st July 2024

1. STATUTORY INFORMATION

Cottonandcompany Ltd is a private company, limited by shares , registered in Scotland. 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
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. The financial statements have been prepared under the historical cost convention.

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 etc - 20% 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st August 2023
and 31st July 2024 1,284
DEPRECIATION
At 1st August 2023 694
Charge for year 256
At 31st July 2024 950
NET BOOK VALUE
At 31st July 2024 334
At 31st July 2023 590

Cottonandcompany Ltd (Registered number: SC603961)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,504 5,735
Prepayments 160 157
1,664 5,892

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 123 -
Corporation tax 1,090 831
Directors' current accounts 2,355 2,355
Accrued expenses 504 360
4,072 3,546

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary A Shares £1 2 2

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

J C C O'Meara

Expenses paid66
Expenses refunded(68)

S Dalrymple

Expenses paid343
Expenses refunded(341)

There is no interest due on amounts owed to the directors by the company.