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
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
COBAIN IT SOLUTIONS LTD
Statement of financial position
as at 31 May 2024
Tangible assets
20,313
4,980
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
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
COBAIN IT SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
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
At 31 May 2024
8,820
11,493
20,313
At 31 May 2023
-
4,980
4,980
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
Taxes and social security
3,327
1,624
Loans from directors
497
2,111
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).