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REGISTERED NUMBER: 06496701 (England and Wales)















Cobb & Co Accountants Limited

Unaudited Financial Statements for the Year Ended 31 March 2025






Cobb & Co Accountants Limited (Registered number: 06496701)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cobb & Co Accountants Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: M D Cobb FMAAT
E T E McCabe-Hogan





SECRETARY: Mrs J Cobb





REGISTERED OFFICE: 30 Sleaford Road
Bracebridge Heath
Lincoln
Lincolnshire
LN4 2ND





REGISTERED NUMBER: 06496701 (England and Wales)





ACCOUNTANTS: M.D. Cobb F.M.A.A.T.
Cobb & Co Accountants Limited
30 Sleaford Road
Bracebridge Heath
Lincoln
Lincolnshire
LN4 2ND

Cobb & Co Accountants Limited (Registered number: 06496701)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 42,334 48,499

CURRENT ASSETS
Stocks 10,975 11,245
Debtors 5 28,518 27,733
Cash at bank 20,662 14,495
60,155 53,473
CREDITORS
Amounts falling due within one year 6 53,426 44,203
NET CURRENT ASSETS 6,729 9,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,063

57,769

CREDITORS
Amounts falling due after more than one
year

7

(28,908

)

(32,944

)

PROVISIONS FOR LIABILITIES (8,043 ) (9,215 )
NET ASSETS 12,112 15,610

CAPITAL AND RESERVES
Called up share capital 103 102
Retained earnings 12,009 15,508
SHAREHOLDERS' FUNDS 12,112 15,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Cobb & Co Accountants Limited (Registered number: 06496701)

Balance Sheet - continued
31 March 2025


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 8 April 2025 and were signed on its behalf by:




M D Cobb FMAAT - Director



E T E McCabe-Hogan - Director


Cobb & Co Accountants Limited (Registered number: 06496701)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

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

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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Office equipment - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Cobb & Co Accountants Limited (Registered number: 06496701)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2024 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 4,635 49,850 15,647 70,132
Additions - - 1,525 1,525
Disposals - - (492 ) (492 )
At 31 March 2025 4,635 49,850 16,680 71,165
DEPRECIATION
At 1 April 2024 3,945 8,007 9,681 21,633
Charge for year 103 6,277 920 7,300
Eliminated on disposal - - (102 ) (102 )
At 31 March 2025 4,048 14,284 10,499 28,831
NET BOOK VALUE
At 31 March 2025 587 35,566 6,181 42,334
At 31 March 2024 690 41,843 5,966 48,499

Cobb & Co Accountants Limited (Registered number: 06496701)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024
and 31 March 2025 49,850
DEPRECIATION
At 1 April 2024 8,007
Charge for year 6,277
At 31 March 2025 14,284
NET BOOK VALUE
At 31 March 2025 35,566
At 31 March 2024 41,843

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 19,741 19,573
Other debtors 8,777 8,160
28,518 27,733

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 4,036 4,036
Trade creditors 618 289
Taxation and social security 9,923 7,492
Other creditors 38,849 32,386
53,426 44,203

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 28,908 32,944

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Hire purchase contracts 32,944 36,980

Cobb & Co Accountants Limited (Registered number: 06496701)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £11,200 (2024 - £7,200) were paid to the directors .

The Company rents the office, the property is owned by Mr M D Cobb, a director. For this the Company paid rent to this director amounting to £13,900 (2024:£12,000), which is shown as Rent in the Company Profit and Loss Account.

10. ULTIMATE CONTROLLING PARTY

The Company is 100% owned and controlled by the directors.