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REGISTERED NUMBER: 05750787 (England and Wales)










Financial Statements

for the Year Ended 30 June 2024

for

Coysten and Coysten Limited

Coysten and Coysten Limited (Registered number: 05750787)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Coysten and Coysten Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: T Coysten
Mrs J L Coysten





SECRETARY: Mrs J L Coysten





REGISTERED OFFICE: Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS





REGISTERED NUMBER: 05750787 (England and Wales)





ACCOUNTANTS: Ward Mackenzie Ltd
Chartered Accountants
Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS

Coysten and Coysten Limited (Registered number: 05750787)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 53,232 56,391
Cash at bank 701 801
53,933 57,192
CREDITORS
Amounts falling due within one year 5 (53,468 ) (56,793 )
NET CURRENT ASSETS 465 399
TOTAL ASSETS LESS CURRENT
LIABILITIES

465

399

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6 365 299
SHAREHOLDERS' FUNDS 465 399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 29 January 2025 and were signed on its behalf by:





T Coysten - Director


Coysten and Coysten Limited (Registered number: 05750787)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Coysten and Coysten 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.

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.

TURNOVER
Turnover represents gross invoiced sales of goods.

DEFERRED TAX
Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date as these are considered immaterial.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
S455 Tax 13,699 13,699
Directors' current accounts 38,733 41,442
Prepayments 800 1,250
53,232 56,391

The directors consider the carrying value of trade and other receivables approximate to their fair values.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,430 1,615
Corporation tax 47,732 52,232
Other creditors 1,293 1,328
Accrued expenses 2,013 1,618
53,468 56,793

The directors consider the carrying amounts of current liabilities approximate to their fair values.

Coysten and Coysten Limited (Registered number: 05750787)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. RESERVES
Retained
earnings
£   

At 1 July 2023 299
Profit for the year 45,566
Dividends (45,500 )
At 30 June 2024 365

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
T Coysten
Balance outstanding at start of year 20,721 17,226
Amounts advanced 44,435 37,230
Amounts repaid (45,789 ) (33,735 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,367 20,721

Mrs J L Coysten
Balance outstanding at start of year 20,721 17,226
Amounts advanced 44,157 39,843
Amounts repaid (45,511 ) (36,348 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,367 20,721

Interest of £989 has been charged on directors loan accounts.

8. RELATED PARTY DISCLOSURES

During the year dividend paid to director of the company as follows :
T Coysten : £19,000 in respect of ordinary shares (2023 - £23,500)
J L Coysten : £19,000 in respect of ordinary shares (2023 - £23,500)

9. ULTIMATE CONTROLLING PARTY

The controlling parties are Mr Timothy Coysten and Ms Jessica Louise Coysten.