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Company Registration No. 12610956 (England and Wales)
COBAIN IT SOLUTIONS LTD Unaudited accounts for the year ended 31 May 2024
COBAIN IT SOLUTIONS LTD Unaudited accounts Contents
Page
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COBAIN IT SOLUTIONS LTD Company Information for the year ended 31 May 2024
Director
James Marc Cobain
Company Number
12610956 (England and Wales)
Registered Office
4 KING STREET SPENNYMOOR DL16 6QG ENGLAND
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COBAIN IT SOLUTIONS LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,313 
4,980 
Current assets
Cash at bank and in hand
23,945 
19,850 
Creditors: amounts falling due within one year
(11,535)
(11,080)
Net current assets
12,410 
8,770 
Net assets
32,723 
13,750 
Capital and reserves
Profit and loss account
32,723 
13,750 
Shareholders' funds
32,723 
13,750 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 February 2025 and were signed on its behalf by
James Marc Cobain Director Company Registration No. 12610956
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COBAIN IT SOLUTIONS LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
COBAIN IT SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 12610956. The registered office is 4 KING STREET, SPENNYMOOR, DL16 6QG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
15% RB
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
- 
6,945 
6,945 
Additions
9,800 
8,224 
18,024 
At 31 May 2024
9,800 
15,169 
24,969 
Depreciation
At 1 June 2023
- 
1,965 
1,965 
Charge for the year
980 
1,711 
2,691 
At 31 May 2024
980 
3,676 
4,656 
Net book value
At 31 May 2024
8,820 
11,493 
20,313 
At 31 May 2023
- 
4,980 
4,980 
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COBAIN IT SOLUTIONS LTD Notes to the Accounts for the year ended 31 May 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
7,711 
5,344 
Taxes and social security
3,327 
1,624 
Other creditors
- 
2,001 
Loans from directors
497 
2,111 
11,535 
11,080 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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