Registered number
03498844
C W Cox & Sons (Kendal) Limited
Unaudited Filleted Accounts
For the Year Ended
31 May 2024
C W Cox & Sons (Kendal) Limited
Registered number: 03498844
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,889 2,070
Current assets
Stocks 165,000 165,000
Debtors 4 39,536 16,042
Cash at bank and in hand 4,848 23,639
209,384 204,681
Creditors: amounts falling due within one year 5 (51,590) (42,649)
Net current assets 157,794 162,032
Total assets less current liabilities 159,683 164,102
Creditors: amounts falling due after more than one year 6 - (22,282)
Provisions for liabilities (358) (393)
Net assets 159,325 141,427
Capital and reserves
Called up share capital 999 999
Profit and loss account 158,326 140,428
Shareholders' funds 159,325 141,427
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M J Cox
Director
Approved by the board on 13 February 2025
C W Cox & Sons (Kendal) Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Plant and machinery 10% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 13,743 40,971 54,714
Additions 358 - 358
At 31 May 2024 14,101 40,971 55,072
Depreciation
At 1 June 2023 13,090 39,554 52,644
Charge for the year 185 354 539
At 31 May 2024 13,275 39,908 53,183
Net book value
At 31 May 2024 826 1,063 1,889
At 31 May 2023 653 1,417 2,070
4 Debtors 2024 2023
£ £
Trade debtors 18,381 906
Other debtors 21,155 15,136
39,536 16,042
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 10,000
Trade creditors 4,415 6,998
Taxation and social security costs 5,662 3,610
Other creditors 41,513 22,041
51,590 42,649
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 22,282
7 Other information
C W Cox & Sons (Kendal) Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Yard
77 Highgate
Kendal
Cumbria
LA9 4ED
C W Cox & Sons (Kendal) Limited 03498844 false 2023-06-01 2024-05-31 2024-05-31 VT Final Accounts July 2024 M J Cox No description of principal activity 03498844 2022-06-01 2023-05-31 03498844 core:WithinOneYear 2023-05-31 03498844 core:AfterOneYear 2023-05-31 03498844 core:ShareCapital 2023-05-31 03498844 core:RetainedEarningsAccumulatedLosses 2023-05-31 03498844 2023-06-01 2024-05-31 03498844 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 03498844 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 03498844 bus:Director40 2023-06-01 2024-05-31 03498844 1 2023-06-01 2024-05-31 03498844 2 2023-06-01 2024-05-31 03498844 core:PlantMachinery 2023-06-01 2024-05-31 03498844 core:Vehicles 2023-06-01 2024-05-31 03498844 countries:England 2023-06-01 2024-05-31 03498844 bus:FRS102 2023-06-01 2024-05-31 03498844 bus:FilletedAccounts 2023-06-01 2024-05-31 03498844 2024-05-31 03498844 core:WithinOneYear 2024-05-31 03498844 core:AfterOneYear 2024-05-31 03498844 core:ShareCapital 2024-05-31 03498844 core:RetainedEarningsAccumulatedLosses 2024-05-31 03498844 core:PlantMachinery 2024-05-31 03498844 core:Vehicles 2024-05-31 03498844 2023-05-31 03498844 core:PlantMachinery 2023-05-31 03498844 core:Vehicles 2023-05-31 iso4217:GBP xbrli:pure