1 June 2023 v2025.12.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP090204952023-06-012024-05-31090204952024-05-31090204952023-05-3109020495core:WithinOneYear2024-05-3109020495core:WithinOneYear2023-05-3109020495core:AfterOneYear2024-05-3109020495core:AfterOneYear2023-05-3109020495core:ShareCapital2024-05-3109020495core:ShareCapital2023-05-3109020495core:RetainedEarningsAccumulatedLosses2024-05-3109020495core:RetainedEarningsAccumulatedLosses2023-05-3109020495bus:Director12023-06-012024-05-3109020495bus:RegisteredOffice2023-06-012024-05-3109020495core:PlantMachinery2023-06-012024-05-3109020495core:MotorVehicles2023-06-012024-05-3109020495core:LandBuildings2023-06-012024-05-31090204952022-06-012023-05-3109020495core:LandBuildings2023-06-0109020495core:PlantMachinery2023-06-01090204952023-06-0109020495core:LandBuildings2024-05-3109020495core:PlantMachinery2024-05-3109020495core:LandBuildings2023-05-3109020495core:PlantMachinery2023-05-310902049512023-06-012024-05-3109020495countries:EnglandWales2023-06-012024-05-3109020495bus:AuditExemptWithAccountantsReport2023-06-012024-05-3109020495bus:PrivateLimitedCompanyLtd2023-06-012024-05-3109020495bus:SmallEntities2023-06-012024-05-3109020495bus:FullAccounts2023-06-012024-05-31
Company registration number:
09020495
Cook Construction Limited
Unaudited Filleted Financial Statements for the year ended
31 May 2024
G&T Accountancy Services Limited
Chartered Certified Accountants
Unit 1b Denby Dale Bus Park, Wakefield Road, Huddersfield, West Yorkshire, HD8 8QH, United Kingdom
Cook Construction Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Cook Construction Limited
Year ended
31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
Cook Construction Limited
for the year ended
31 May 2024
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
Cook Construction Limited
, as a body, in accordance with the terms of our engagement letter dated 1 June 2023. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Cook Construction Limited
and state those matters that we have agreed to state to the Board of Directors of
Cook Construction Limited
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Cook Construction Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Cook Construction 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 loss of
Cook Construction Limited
. You consider that
Cook Construction 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 Cook Construction 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.
G&T Accountancy Services Limited
Chartered Certified Accountants
Unit 1b Denby Dale Bus Park
Wakefield Road
Huddersfield
West Yorkshire
HD8 8QH
United Kingdom
Date:
21 February 2025
Cook Construction Limited
Statement of Financial Position
31 May 2024
20242023
Note££
Fixed assets    
Tangible assets 5
184,927
 
174,622
 
Current assets    
Stocks
190,420
 
196,325
 
Debtors 6
28,220
 
35,335
 
Cash at bank and in hand
31,432
 
105,963
 
250,072
 
337,623
 
Creditors: amounts falling due within one year 7
(430,108
)
(413,223
)
Net current liabilities
(180,036
)
(75,600
)
Total assets less current liabilities 4,891   99,022  
Creditors: amounts falling due after more than one year 8
(11,609
)
(24,356
)
Provisions for liabilities
(7,960
)
(5,411
)
Net (liabilities)/assets
(14,678
)
69,255
 
Capital and reserves    
Called up share capital
202
 
202
 
Profit and loss account
(14,880
)
69,053
 
Shareholders (deficit)/funds
(14,678
)
69,255
 
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.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
21 February 2025
, and are signed on behalf of the board by:
Mr M O'Donoghue
Director
Company registration number:
09020495
Cook Construction Limited
Notes to the Financial Statements
Year ended
31 May 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
60 Ryefields Scholes
,
Holmfirth
,
West Yorkshire
,
HD9 1XF
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this period.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
20% reducing balance
Motor vehicles
25% reducing balance
Land and buildings
Straight line over 50 years

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured 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 the stocks to their present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
6
(2023:
7.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 June 2023
155,475
 
84,173
 
239,648
 
Additions -  
27,685
 
27,685
 
Disposals -  
(14,015
)
(14,015
)
At
31 May 2024
155,475
 
97,843
 
253,318
 
Depreciation      
At
1 June 2023
9,329
 
55,697
 
65,026
 
Charge
3,109
 
12,400
 
15,509
 
Disposals -  
(12,144
)
(12,144
)
At
31 May 2024
12,438
 
55,953
 
68,391
 
Carrying amount      
At
31 May 2024
143,037
 
41,890
 
184,927
 
At 31 May 2023
146,146
 
28,476
 
174,622
 

6 Debtors

20242023
££
Other debtors
28,220
 
35,335
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
9,411
 
9,908
 
Trade creditors
3,091
 
3,853
 
Taxation and social security
10,699
 
12,816
 
Other creditors
406,907
 
386,646
 
430,108
 
413,223
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
11,609
 
20,523
 
Other creditors -  
3,833
 
11,609
 
24,356
 

10 Controlling party

The company was not under the control of any one individual throughout the current and previous year.