IRIS Accounts Production v24.3.2.46 02671718 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false Ordinary 1.00000 A 1.00000 B 1.00000 C 1.00000 D 1.00000 1.00000 1.00000 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh026717182023-05-31026717182024-05-31026717182023-06-012024-05-31026717182022-05-31026717182022-06-012023-05-31026717182023-05-3102671718ns15:EnglandWales2023-06-012024-05-3102671718ns14:PoundSterling2023-06-012024-05-3102671718ns10:Director12023-06-012024-05-3102671718ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3102671718ns10:SmallEntities2023-06-012024-05-3102671718ns10:AuditExemptWithAccountantsReport2023-06-012024-05-3102671718ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3102671718ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3102671718ns10:FullAccounts2023-06-012024-05-3102671718ns10:OrdinaryShareClass12023-06-012024-05-3102671718ns10:OrdinaryShareClass22023-06-012024-05-3102671718ns10:OrdinaryShareClass32023-06-012024-05-3102671718ns10:OrdinaryShareClass42023-06-012024-05-3102671718ns10:OrdinaryShareClass52023-06-012024-05-31026717182ns10:OrdinaryShareClass22023-06-012024-05-3102671718ns10:OrdinaryShareClass332023-06-012024-05-31026717184ns10:OrdinaryShareClass42023-06-012024-05-3102671718ns10:OrdinaryShareClass552023-06-012024-05-3102671718ns10:Director22023-06-012024-05-3102671718ns10:Director32023-06-012024-05-3102671718ns10:Director42023-06-012024-05-3102671718ns10:CompanySecretary12023-06-012024-05-3102671718ns10:RegisteredOffice2023-06-012024-05-3102671718ns5:CurrentFinancialInstruments2024-05-3102671718ns5:CurrentFinancialInstruments2023-05-3102671718ns5:ShareCapital2024-05-3102671718ns5:ShareCapital2023-05-3102671718ns5:RetainedEarningsAccumulatedLosses2024-05-3102671718ns5:RetainedEarningsAccumulatedLosses2023-05-3102671718ns5:LandBuildings2023-05-3102671718ns5:LeaseholdImprovements2023-05-3102671718ns5:PlantMachinery2023-05-3102671718ns5:LandBuildings2023-06-012024-05-3102671718ns5:LeaseholdImprovements2023-06-012024-05-3102671718ns5:PlantMachinery2023-06-012024-05-3102671718ns5:LandBuildings2024-05-3102671718ns5:LeaseholdImprovements2024-05-3102671718ns5:PlantMachinery2024-05-3102671718ns5:LandBuildings2023-05-3102671718ns5:LeaseholdImprovements2023-05-3102671718ns5:PlantMachinery2023-05-3102671718ns5:FurnitureFittings2023-05-3102671718ns5:MotorVehicles2023-05-3102671718ns5:ComputerEquipment2023-05-3102671718ns5:FurnitureFittings2023-06-012024-05-3102671718ns5:MotorVehicles2023-06-012024-05-3102671718ns5:ComputerEquipment2023-06-012024-05-3102671718ns5:FurnitureFittings2024-05-3102671718ns5:MotorVehicles2024-05-3102671718ns5:ComputerEquipment2024-05-3102671718ns5:FurnitureFittings2023-05-3102671718ns5:MotorVehicles2023-05-3102671718ns5:ComputerEquipment2023-05-3102671718ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3102671718ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3102671718ns5:WithinOneYear2024-05-3102671718ns5:WithinOneYear2023-05-3102671718ns5:BetweenOneFiveYears2024-05-3102671718ns5:BetweenOneFiveYears2023-05-3102671718ns5:AllPeriods2024-05-3102671718ns5:AllPeriods2023-05-3102671718ns10:OrdinaryShareClass12024-05-3102671718ns10:OrdinaryShareClass22024-05-3102671718ns10:OrdinaryShareClass32024-05-3102671718ns10:OrdinaryShareClass42024-05-3102671718ns10:OrdinaryShareClass52024-05-31
REGISTERED NUMBER: 02671718 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2024

for

CoTech Trading (GB) Limited

CoTech Trading (GB) Limited (Registered number: 02671718)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

CoTech Trading (GB) Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: C J Sinfield
M G Bhatti
D Bhatti
P Bhatti



SECRETARY: C J Sinfield



REGISTERED OFFICE: The Granary
Crowhill Farm
Ravensden Road
Wilden, Bedford
Bedfordshire
MK44 2QS



REGISTERED NUMBER: 02671718 (England and Wales)



ACCOUNTANTS: GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS



BANKERS: National Westminster Bank
81 High Street
Bedford
MK40 1YN

CoTech Trading (GB) Limited (Registered number: 02671718)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,129,579 2,219,191

CURRENT ASSETS
Stocks 1,281,773 883,694
Debtors 5 447,017 576,688
Cash at bank 631,762 995,186
2,360,552 2,455,568
CREDITORS
Amounts falling due within one year 6 395,450 507,218
NET CURRENT ASSETS 1,965,102 1,948,350
TOTAL ASSETS LESS CURRENT LIABILITIES 4,094,681 4,167,541

PROVISIONS FOR LIABILITIES 22,937 23,249
NET ASSETS 4,071,744 4,144,292

CAPITAL AND RESERVES
Called up share capital 8 1,580 1,180
Retained earnings 4,070,164 4,143,112
SHAREHOLDERS' FUNDS 4,071,744 4,144,292

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.

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 12 February 2025 and were signed on its behalf by:





C J Sinfield - Director


CoTech Trading (GB) Limited (Registered number: 02671718)

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

1. STATUTORY INFORMATION

CoTech Trading (GB) 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.

There were no material departures from that standard.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measure reliably.

Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:

Freehold property - 2% on cost
Improvement to property - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% 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 statement of financial position date.

Deferred tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are charged to profit and loss in the period to which they relate.

Financial instruments
Basic financial instruments are recognised at discounted value, with changes recognised in profit or loss.

CoTech Trading (GB) Limited (Registered number: 02671718)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 June 2023 2,217,692 597,045 33,828
Additions - - 14,200
Disposals - - (6,100 )
At 31 May 2024 2,217,692 597,045 41,928
DEPRECIATION
At 1 June 2023 221,768 499,313 29,356
Charge for year 44,354 33,329 1,346
Eliminated on disposal - - (5,554 )
At 31 May 2024 266,122 532,642 25,148
NET BOOK VALUE
At 31 May 2024 1,951,570 64,403 16,780
At 31 May 2023 1,995,924 97,732 4,472

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 298,710 118,580 56,005 3,321,860
Additions 10,418 - 1,293 25,911
Disposals - - - (6,100 )
At 31 May 2024 309,128 118,580 57,298 3,341,671
DEPRECIATION
At 1 June 2023 257,017 42,455 52,760 1,102,669
Charge for year 15,812 19,031 1,105 114,977
Eliminated on disposal - - - (5,554 )
At 31 May 2024 272,829 61,486 53,865 1,212,092
NET BOOK VALUE
At 31 May 2024 36,299 57,094 3,433 2,129,579
At 31 May 2023 41,693 76,125 3,245 2,219,191

CoTech Trading (GB) Limited (Registered number: 02671718)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 366,354 503,681
Amounts owed by group undertakings 1,872 -
Other debtors 46,021 13,809
Directors' current accounts - 24,273
VAT - 3,688
Prepayments 32,770 31,237
447,017 576,688

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 42,287 33,932
Tax 36,268 39,979
Due to associated company - 3,230
Social security and other taxes 20,213 16,750
VAT 1,152 -
Other creditors 278,607 390,667
Directors' current accounts 568 1,141
Accrued expenses 16,355 21,519
395,450 507,218

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.24 31.5.23
£    £   
Within one year 20,452 23,348
Between one and five years 23,199 14,860
43,651 38,208

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1,180 Ordinary £1 1,180 1,180
100 A £1 100 -
100 B £1 100 -
100 C £1 100 -
100 D £1 100 -
1,580 1,180

The following shares were issued during the year for cash at par :

100 A shares of £1
100 B shares of £1
100 C shares of £1
100 D shares of £1

CoTech Trading (GB) Limited (Registered number: 02671718)

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

9. RELATED PARTY DISCLOSURES

The amount outstanding at the year end to the directors is £568 (2023 - due from £23,132)

The amount outstanding at the year due from an associated company was £1,872 (2023 - £3,230 due to).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
CoTech Trading (GB) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of CoTech Trading (GB) Limited for the year ended 31 May 2024 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of CoTech Trading (GB) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of CoTech Trading (GB) Limited and state those matters that we have agreed to state to the Board of Directors of CoTech Trading (GB) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CoTech Trading (GB) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that CoTech Trading (GB) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CoTech Trading (GB) Limited. You consider that CoTech Trading (GB) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of CoTech Trading (GB) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS


12 February 2025