Company Registration No. 11896556 (England and Wales)
The Cotswold Organ Company Ltd
Unaudited accounts
for the year ended 31 March 2024
The Cotswold Organ Company Ltd
Unaudited accounts
Contents
The Cotswold Organ Company Ltd
Company Information
for the year ended 31 March 2024
Company Number
11896556 (England and Wales)
Registered Office
Netherstone Cottage
Hill Farm Lane
Tirley
GL19 4EZ
The Cotswold Organ Company Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
24,374
29,021
Cash at bank and in hand
6,065
48,509
Creditors: amounts falling due within one year
(73,967)
(88,207)
Net current assets
52,632
51,559
Total assets less current liabilities
77,006
80,580
Creditors: amounts falling due after more than one year
(39,234)
(43,057)
Called up share capital
1,300
1,300
Profit and loss account
36,472
36,223
Shareholders' funds
37,772
37,523
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 2 January 2024 and were signed on its behalf by
Jeremy Meager
Director
Company Registration No. 11896556
The Cotswold Organ Company Ltd
Notes to the Accounts
for the year ended 31 March 2024
The Cotswold Organ Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 11896556. The registered office is Netherstone Cottage , Hill Farm Lane, Tirley, GL19 4EZ.
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.
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:
Land & buildings
10% Straight Line
Plant & machinery
10% Straight Line
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Straight Line
Computer equipment
33.33% Straight Line
4
Tangible fixed assets
Land & buildings
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
728
34,900
833
36,461
Additions
-
29,221
-
29,221
Disposals
-
(34,900)
-
(34,900)
At 31 March 2024
728
29,221
833
30,782
At 1 April 2023
73
7,116
251
7,440
Charge for the year
73
5,844
167
6,084
On disposals
-
(7,116)
-
(7,116)
At 31 March 2024
146
5,844
418
6,408
At 31 March 2024
582
23,377
415
24,374
At 31 March 2023
655
27,784
582
29,021
The Cotswold Organ Company Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
33,226
33,851
Amounts due from group undertakings etc.
34,905
-
Accrued income and prepayments
-
10,000
Amounts falling due after more than one year
Amounts due from group undertakings etc.
9,750
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,333
-
Obligations under finance leases and hire purchase contracts
2,967
-
Trade creditors
16,093
21,812
Taxes and social security
574
240
Loans from directors
51,000
51,000
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
23,487
19,724
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).