Company Registration No. 12591488 (England and Wales)
Cook Franchise Ltd
Unaudited accounts
for the year ended 31 May 2024
Cook Franchise Ltd
Unaudited accounts
Contents
Cook Franchise Ltd
Company Information
for the year ended 31 May 2024
Directors
David Cook
Hannah Cook
Company Number
12591488 (England and Wales)
Registered Office
27A Moor Lane
Addingham
Ilkley
LS29 0PS
Accountants
Goodbooks (Skipton) Ltd
Duke House
Duke Street
Skipton
North Yorkshire
BD23 2HQ
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Cook Franchise Ltd for the 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 accounts of
Cook Franchise Ltd for the year ended
31 May 2024 as set out on pages
5 -
7 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 at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Cook Franchise Ltd, as a body, in accordance with the terms of our engagement letter dated 9 November 2020. Our work has been undertaken solely to prepare for your approval the accounts of Cook Franchise Ltd and state those matters that we have agreed to state to the Board of Directors of Cook Franchise Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cook Franchise Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Cook Franchise Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Cook Franchise Ltd. You consider that Cook Franchise Ltd 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 accounts of Cook Franchise Ltd. 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 accounts.
Goodbooks (Skipton) Ltd
Chartered Accountants
Duke House
Duke Street
Skipton
North Yorkshire
BD23 2HQ
24 February 2025
Cook Franchise Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
40,483
42,657
Cash at bank and in hand
35,721
60,889
Creditors: amounts falling due within one year
(31,545)
(29,609)
Net current assets
68,842
51,346
Called up share capital
100
100
Profit and loss account
109,225
93,903
Shareholders' funds
109,325
94,003
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 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 24 February 2025 and were signed on its behalf by
David Cook
Director
Company Registration No. 12591488
Cook Franchise Ltd
Notes to the Accounts
for the year ended 31 May 2024
Cook Franchise Ltd is a private company, limited by shares, registered in England and Wales, registration number 12591488. The registered office is 27A Moor Lane, Addingham, Ilkley, LS29 0PS.
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.
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
Between 3-5 years
Fixtures & fittings
5 years
Computer equipment
3 years
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.
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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Cook Franchise Ltd
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
27,012
32,398
15,173
74,583
Additions
3,856
9,883
3,655
17,394
At 31 May 2024
30,868
42,281
18,828
91,977
At 1 June 2023
13,920
12,158
5,848
31,926
Charge for the year
6,382
7,815
5,371
19,568
At 31 May 2024
20,302
19,973
11,219
51,494
At 31 May 2024
10,566
22,308
7,609
40,483
At 31 May 2023
13,092
20,240
9,325
42,657
Amounts falling due within one year
Accrued income and prepayments
8,920
8,460
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
8,955
9,963
Taxes and social security
6,223
6,358
Other creditors
3,080
4,299
7
Average number of employees
During the year the average number of employees was 18 (2023: 16).