Company Registration No. 02614582 (England and Wales)
COSAF ENVIRONMENTS LIMITED
Unaudited accounts
for the year ended 31 March 2024
COSAF ENVIRONMENTS LIMITED
Unaudited accounts
Contents
COSAF ENVIRONMENTS LIMITED
Company Information
for the year ended 31 March 2024
Directors
K J Sullivan
D S Sullivan
M R Sullivan
B L Sullivan
Company Number
02614582 (England and Wales)
Registered Office
Unit 9, Top Deck Ind Est
Smethurst Lane
Bolton
Lancashire
BL4 0AN
England
Accountants
Eighty Twenty Business Limited
Bluebells
Grane Road
Haslingden
Lancashire
BB4 4AT
COSAF ENVIRONMENTS LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
293,156
339,519
Inventories
(272,751)
(97,886)
Cash at bank and in hand
1,437,333
790,465
Creditors: amounts falling due within one year
(683,667)
(814,606)
Net current assets
1,074,397
774,277
Total assets less current liabilities
1,367,553
1,113,796
Creditors: amounts falling due after more than one year
(181,652)
(281,192)
Net assets
1,185,901
832,604
Called up share capital
1,000
1,000
Profit and loss account
1,184,901
831,604
Shareholders' funds
1,185,901
832,604
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 30 November 2024 and were signed on its behalf by
K J Sullivan
Director
Company Registration No. 02614582
COSAF ENVIRONMENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
COSAF ENVIRONMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02614582. The registered office is Unit 9, Top Deck Ind Est, Smethurst Lane, Bolton, Lancashire, BL4 0AN, England.
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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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20% Straight Line
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Straight Line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Expenditure on research and development is written off in the year in which it is incurred.
COSAF ENVIRONMENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
61,313
329,426
282,710
673,449
Additions
-
30,495
20,512
51,007
At 31 March 2024
61,313
359,921
303,222
724,456
At 1 April 2023
61,315
107,322
165,293
333,930
Charge for the year
-
63,149
34,221
97,370
At 31 March 2024
61,315
170,471
199,514
431,300
At 31 March 2024
(2)
189,450
103,708
293,156
At 31 March 2023
(2)
222,104
117,417
339,519
Amounts falling due within one year
Trade debtors
585,672
524,704
Accrued income and prepayments
7,810
7,830
Amounts falling due after more than one year
Amounts due from group undertakings etc.
-
363,770
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
440,816
621,847
Taxes and social security
107,538
11,196
Other creditors
15,824
11,463
Loans from directors
(1,455)
(17,455)
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Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
181,652
191,192
COSAF ENVIRONMENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
The ultimate parent company is By Paradigm Group Limited, a company registered in England
and Wales. Registered Office; Unit 9, Top Deck Ind Est, Smethurst Lane, Farnworth, Bolton, BL4 0AN
By Paradigm Group is controlled jointly by Messrs K J and M R Sullivan
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Average number of employees
During the year the average number of employees was 20 (2023: 18).