IRIS Accounts Production v24.3.2.46 05761439 Board of Directors Board of Directors Board of Directors 1.6.23 31.5.24 31.5.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh057614392023-05-31057614392024-05-31057614392023-06-012024-05-31057614392022-05-31057614392022-06-012023-05-31057614392023-05-3105761439ns15:EnglandWales2023-06-012024-05-3105761439ns14:PoundSterling2023-06-012024-05-3105761439ns10:Director12023-06-012024-05-3105761439ns10:Director22023-06-012024-05-3105761439ns10:Director32023-06-012024-05-3105761439ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3105761439ns10:SmallEntities2023-06-012024-05-3105761439ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3105761439ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3105761439ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3105761439ns10:FullAccounts2023-06-012024-05-310576143912023-06-012024-05-3105761439ns10:OrdinaryShareClass12023-06-012024-05-3105761439ns10:RegisteredOffice2023-06-012024-05-3105761439ns5:CurrentFinancialInstruments2024-05-3105761439ns5:CurrentFinancialInstruments2023-05-3105761439ns5:Non-currentFinancialInstruments2024-05-3105761439ns5:Non-currentFinancialInstruments2023-05-3105761439ns5:ShareCapital2024-05-3105761439ns5:ShareCapital2023-05-3105761439ns5:RetainedEarningsAccumulatedLosses2024-05-3105761439ns5:RetainedEarningsAccumulatedLosses2023-05-3105761439ns5:NetGoodwill2023-06-012024-05-3105761439ns5:PlantMachinery2023-06-012024-05-3105761439ns5:NetGoodwill2023-05-3105761439ns5:NetGoodwill2024-05-3105761439ns5:NetGoodwill2023-05-3105761439ns5:PlantMachinery2023-05-3105761439ns5:PlantMachinery2024-05-3105761439ns5:PlantMachinery2023-05-3105761439ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3105761439ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3105761439ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-05-3105761439ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-05-3105761439ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-05-3105761439ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-05-3105761439ns5:HirePurchaseContracts2024-05-3105761439ns5:HirePurchaseContracts2023-05-3105761439ns5:Secured2024-05-3105761439ns5:Secured2023-05-3105761439ns10:OrdinaryShareClass12024-05-31
REGISTERED NUMBER: 05761439 (England and Wales)















A L COX & SONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






A L COX & SONS LIMITED (REGISTERED NUMBER: 05761439)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


A L COX & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: P G Cox
R E Cox
M G Cox





REGISTERED OFFICE: 6 High Street
Metheringham
Lincoln
Lincolnshire
LN4 3EA





REGISTERED NUMBER: 05761439 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

A L COX & SONS LIMITED (REGISTERED NUMBER: 05761439)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 50,000 100,000
Tangible assets 5 579,576 421,140
629,576 521,140

CURRENT ASSETS
Stocks 332,123 203,074
Debtors 6 2,768,774 3,046,566
Cash at bank 402,939 626,173
3,503,836 3,875,813
CREDITORS
Amounts falling due within one year 7 990,526 1,726,850
NET CURRENT ASSETS 2,513,310 2,148,963
TOTAL ASSETS LESS CURRENT LIABILITIES 3,142,886 2,670,103

CREDITORS
Amounts falling due after more than one year 8 (138,831 ) (191,310 )

PROVISIONS FOR LIABILITIES (141,374 ) (100,248 )
NET ASSETS 2,862,681 2,378,545

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 2,862,581 2,378,445
SHAREHOLDERS' FUNDS 2,862,681 2,378,545

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

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

A L COX & SONS LIMITED (REGISTERED NUMBER: 05761439)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 28 January 2025 and were signed on its behalf by:




P G Cox - Director R E Cox - Director




M G Cox - Director


A L COX & SONS LIMITED (REGISTERED NUMBER: 05761439)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

A L Cox & Sons 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. 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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of grain is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, was being amortised evenly over its estimated useful life of twenty years. In 2019, this was amended, so that it was to be amortised over the remaining estimated useful life of 6 years.

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 - 25% on reducing balance, 25% on cost, 20% on reducing balance and 10% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

A L COX & SONS LIMITED (REGISTERED NUMBER: 05761439)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. 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 shorter.

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

Rentals paid under operating leases are charged to the income statement 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 the income statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 500,000
AMORTISATION
At 1 June 2023 400,000
Charge for year 50,000
At 31 May 2024 450,000
NET BOOK VALUE
At 31 May 2024 50,000
At 31 May 2023 100,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 713,347
Additions 400,035
Disposals (153,500 )
At 31 May 2024 959,882
DEPRECIATION
At 1 June 2023 292,207
Charge for year 139,518
Eliminated on disposal (51,419 )
At 31 May 2024 380,306
NET BOOK VALUE
At 31 May 2024 579,576
At 31 May 2023 421,140

A L COX & SONS LIMITED (REGISTERED NUMBER: 05761439)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS - continued


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 896,833 1,161,458
Other debtors 1,871,941 1,885,108
2,768,774 3,046,566

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,110 49,321
Hire purchase contracts (see note 9) 55,554 44,266
Trade creditors 522,795 1,393,804
Taxation and social security 272,646 228,228
Other creditors 89,421 11,231
990,526 1,726,850

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 54,114 104,922
Hire purchase contracts (see note 9) 84,717 86,388
138,831 191,310

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 55,554 44,266
Between one and five years 84,717 86,388
140,271 130,654

Total financial commitments, guarantees and contingencies which are not included in the statement of financial position amount to £980 (2023: £1,316).



A L COX & SONS LIMITED (REGISTERED NUMBER: 05761439)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 104,224 154,243
Hire purchase contracts 140,271 130,654
244,495 284,897

There is a fixed and a floating charge over the undertaking and all property and assets present and future of the company held by Barclays Security Trustee Limited.

Hire purchase liabilities are secured on the assets to which they relate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There are, included in other debtors, directors loan accounts totalling £1,169,388 overdrawn brought forward (2023: £590,664). During the year, the directors of the company borrowed £228,728 (2023: £770,035) from the company and repaid £710,731 (2023: £210,425). Interest of £24,879 (2023: £19,114) was charged on the balances.The balances at the end of the year totalled £712,264 overdrawn (2023: £1,169,388 overdrawn).