IRIS Accounts Production v24.3.2.46 01864616 Board of Directors Board of Directors 1.6.23 31.5.24 31.5.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh018646162023-05-31018646162024-05-31018646162023-06-012024-05-31018646162022-05-31018646162022-06-012023-05-31018646162023-05-3101864616ns15:EnglandWales2023-06-012024-05-3101864616ns14:PoundSterling2023-06-012024-05-3101864616ns10:Director12023-06-012024-05-3101864616ns10:Director22023-06-012024-05-3101864616ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3101864616ns10:SmallEntities2023-06-012024-05-3101864616ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3101864616ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3101864616ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3101864616ns10:FullAccounts2023-06-012024-05-310186461612023-06-012024-05-3101864616ns10:CompanySecretary12023-06-012024-05-3101864616ns10:RegisteredOffice2023-06-012024-05-3101864616ns5:CurrentFinancialInstruments2024-05-3101864616ns5:CurrentFinancialInstruments2023-05-3101864616ns5:Non-currentFinancialInstruments2024-05-3101864616ns5:Non-currentFinancialInstruments2023-05-3101864616ns5:ShareCapital2024-05-3101864616ns5:ShareCapital2023-05-3101864616ns5:RevaluationReserve2024-05-3101864616ns5:RevaluationReserve2023-05-3101864616ns5:RetainedEarningsAccumulatedLosses2024-05-3101864616ns5:RetainedEarningsAccumulatedLosses2023-05-3101864616ns5:NetGoodwill2023-06-012024-05-3101864616ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3101864616ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-06-012024-05-3101864616ns5:PlantMachinery2023-06-012024-05-3101864616ns5:FurnitureFittings2023-06-012024-05-3101864616ns5:MotorVehicles2023-06-012024-05-3101864616ns5:NetGoodwill2023-05-3101864616ns5:NetGoodwill2024-05-3101864616ns5:NetGoodwill2023-05-3101864616ns5:LandBuildings2023-05-3101864616ns5:PlantMachinery2023-05-3101864616ns5:FurnitureFittings2023-05-3101864616ns5:MotorVehicles2023-05-3101864616ns5:LandBuildings2023-06-012024-05-3101864616ns5:LandBuildings2024-05-3101864616ns5:PlantMachinery2024-05-3101864616ns5:FurnitureFittings2024-05-3101864616ns5:MotorVehicles2024-05-3101864616ns5:LandBuildings2023-05-3101864616ns5:PlantMachinery2023-05-3101864616ns5:FurnitureFittings2023-05-3101864616ns5:MotorVehicles2023-05-3101864616ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-05-3101864616ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-05-3101864616ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-06-012024-05-3101864616ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-05-3101864616ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3101864616ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3101864616ns5:RevaluationReserve2023-05-31
REGISTERED NUMBER: 01864616 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

B. COOKSON LIMITED

B. COOKSON LIMITED (REGISTERED NUMBER: 01864616)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B. COOKSON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: C Cookson
B Cookson Jnr





SECRETARY: B Cookson Jnr





REGISTERED OFFICE: Caxton Road
Fulwood
Preston
Lancashire
PR2 9ZB





REGISTERED NUMBER: 01864616 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

B. COOKSON LIMITED (REGISTERED NUMBER: 01864616)

BALANCE SHEET
31 MAY 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 15,000
Tangible assets 5 1,910,679 1,935,700
1,920,679 1,950,700

CURRENT ASSETS
Stocks 6 103,307 132,555
Debtors 7 2,120,800 2,162,729
Cash at bank and in hand 259,870 381,435
2,483,977 2,676,719
CREDITORS
Amounts falling due within one year 8 2,122,882 2,395,299
NET CURRENT ASSETS 361,095 281,420
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,281,774

2,232,120

CREDITORS
Amounts falling due after more than one
year

9

(91,224

)

(171,085

)

PROVISIONS FOR LIABILITIES (81,502 ) (109,759 )
NET ASSETS 2,109,048 1,951,276

CAPITAL AND RESERVES
Called up share capital 20,001 20,001
Revaluation reserve 11 690,253 690,253
Retained earnings 1,398,794 1,241,022
2,109,048 1,951,276

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.

B. COOKSON LIMITED (REGISTERED NUMBER: 01864616)

BALANCE SHEET - continued
31 MAY 2024


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 20 February 2025 and were signed on its behalf by:




B Cookson Jnr - Director



C Cookson - Director


B. COOKSON LIMITED (REGISTERED NUMBER: 01864616)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

B. Cookson 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 (£).


The principal trading address of the company is considered to be the same address as the Registered Office.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - not provided
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 33% on cost and 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 balance sheet date.


B. COOKSON LIMITED (REGISTERED NUMBER: 01864616)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 25,000
AMORTISATION
At 1 June 2023 10,000
Charge for year 5,000
At 31 May 2024 15,000
NET BOOK VALUE
At 31 May 2024 10,000
At 31 May 2023 15,000

B. COOKSON LIMITED (REGISTERED NUMBER: 01864616)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 June 2023 1,500,000 126,398 119,519 893,974 2,639,891
Additions - 38,842 18,042 39,000 95,884
At 31 May 2024 1,500,000 165,240 137,561 932,974 2,735,775
DEPRECIATION
At 1 June 2023 - 92,412 95,645 516,134 704,191
Charge for year - 12,081 7,301 101,523 120,905
At 31 May 2024 - 104,493 102,946 617,657 825,096
NET BOOK VALUE
At 31 May 2024 1,500,000 60,747 34,615 315,317 1,910,679
At 31 May 2023 1,500,000 33,986 23,874 377,840 1,935,700

Cost or valuation at 31 May 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2009 140,254 - - - 140,254
Valuation in 2018 550,000 - - - 550,000
Cost 809,746 165,240 137,561 932,974 2,045,521
1,500,000 165,240 137,561 932,974 2,735,775

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 June 2023 234,286
Transfer to ownership 96,682
At 31 May 2024 330,968
DEPRECIATION
At 1 June 2023 167,932
Charge for year 56,699
Transfer to ownership (41,685 )
At 31 May 2024 182,946
NET BOOK VALUE
At 31 May 2024 148,022
At 31 May 2023 66,354

B. COOKSON LIMITED (REGISTERED NUMBER: 01864616)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

6. STOCKS
31/5/24 31/5/23
£    £   
Stocks 103,307 132,555

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 1,180,423 1,236,446
Other debtors 569,307 565,452
Amounts due from group
undertakings 315,555 313,463
VAT 22,223 16,427
Prepayments 33,292 30,941
2,120,800 2,162,729

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts (see note 10) 146,805 171,970
Hire purchase contracts 56,795 75,361
Trade creditors 1,598,261 1,742,290
Corporation tax 138,480 30,775
Social security and other taxes 50,140 47,442
Other creditors 14,299 18,213
Directors' current accounts - 183,990
Accruals and deferred income 7,160 21,092
Accrued expenses 110,942 104,166
2,122,882 2,395,299

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Hire purchase contracts 91,224 171,085

10. LOANS

An analysis of the maturity of loans is given below:

31/5/24 31/5/23
£    £   
Amounts falling due within one year or on demand:
Bank loan 146,805 171,970

11. RESERVES
Revaluation
reserve
£   
At 1 June 2023
and 31 May 2024 690,253