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REGISTERED NUMBER: 04890253 (England and Wales)











STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

COUSINS MATERIAL HOUSE LIMITED

COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)






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




Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Income Statement 10

Other Comprehensive Income 11

Balance Sheet 12

Statement of Changes in Equity 13

Notes to the Financial Statements 14


COUSINS MATERIAL HOUSE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: A Cousins
Mrs C Cousins





REGISTERED OFFICE: 7 Galliford Road Industrial Estate
Heybridge
Maldon
Essex
CM9 4XD





REGISTERED NUMBER: 04890253 (England and Wales)





AUDITORS: Sargeant Partnership Limited
Chartered Accountants
and Statutory Auditors
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 OCTOBER 2024

The directors present their strategic report for the year ended 31 October 2024.

REVIEW OF BUSINESS
The company performed well during the year with strong revenue growth of £577k on the prior year. The company's bank balance has remained healthy throughout the year and at the year end there was no reliance placed on external funding.

The directors are confident that sales for the 12 months to 31.10.2024 will continue to grow.

PRINCIPAL RISKS AND UNCERTAINTIES
The company's principal financial instruments comprise bank balances, trade creditors and trade debtors. The main purpose of these instruments is to raise funds for the company's operations and to finance the company's operations.

In the course of normal business, the company continually assesses significant risks faced and takes action to mitigate the potential impact. The following risks constitute (in the opinion of the directors) the principal risks and uncertainties currently facing the company:

Operational risks
Information technology

The company's daily operations are increasingly reliant on its information technology systems, particularly with their website sales, payment acceptance, financial control and the provision of management information. Any prolonged or significant failure of these systems could pose a risk to the effective management of the business. The company seeks to minimise the risk by maintaining strong physical control to ensure protection of hardware, software and data, resilience of payment systems.

Reputational risk
Cousins Material House Limited is part of the trading standards Buy With Confidence Scheme. The scheme was set up in response to concerns about 'rogue traders'. The scheme provides consumers with a list of local businesses which have given their commitment to trading fairly.

Forex risk
The company undertakes transactions in multiple currencies. Fluctuations in these currencies pose a risk of foreign exchange loss to the company.


COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 OCTOBER 2024

KEY PERFORMANCE INDICATORS
The directors continue to examine all aspects of the business with a view to achieving profitability. Together with senior management, they monitor all other statistical information on a regular basis to ensure that they are aware of any trends and influences on profitability using relevant key performance indicators.

2024 2023

Sales growth/(decline) (1.36%) 4.90%

Gross profit 32.37% 32.18%

ON BEHALF OF THE BOARD:





A Cousins - Director


21 March 2025

COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 OCTOBER 2024

The directors present their report with the financial statements of the company for the year ended 31 October 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of dealers of materials, tools and equipment for watch, clock and jewellery repair trades.

DIVIDENDS
The total distribution of dividends for the year ended 31 October 2024 will be £338,500.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 November 2023 to the date of this report.

A Cousins
Mrs C Cousins

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 OCTOBER 2024


AUDITORS
The auditors, Sargeant Partnership Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





A Cousins - Director


21 March 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
COUSINS MATERIAL HOUSE LIMITED

Opinion
We have audited the financial statements of Cousins Material House Limited (the 'company') for the year ended 31 October 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 October 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
COUSINS MATERIAL HOUSE LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
COUSINS MATERIAL HOUSE LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISA's (UK).

In identifying and assessing risks of material misstatement in respect of irregularities including, fraud and non-compliance with laws and regulations, our procedures included the following:

- We obtained an understanding of the legal and regulatory frameworks applicable to the company and the sector in which they operate. We determined that the following laws and regulations were most significant: the Companies Act 2006, the UK Corporate Governance Code and UK corporate taxation laws.

- We obtained an understanding of how the Company is complying with those legal and regulatory frameworks by making inquiries to the management and directors. We corroborated our inquiries through our review of board minutes and papers provided to the audit engagement team.

- We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the audit engagement team included:

a) Identifying and assessing the design effectiveness of controls management has put in place to prevent and detect fraud;

b) Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;

c) Challenging assumptions and judgements made by management in its significant accounting estimates;

d) Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations: and

e) Assessing the extent of compliance with the relevant laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
COUSINS MATERIAL HOUSE LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Joanne Brown (Senior Statutory Auditor)
for and on behalf of Sargeant Partnership Limited
Chartered Accountants
and Statutory Auditors
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

21 March 2025

COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)

INCOME STATEMENT
FOR THE YEAR ENDED 31 OCTOBER 2024

2024 2023
Notes £    £   

TURNOVER 4 12,181,750 12,349,357

Cost of sales 8,241,779 8,375,378
GROSS PROFIT 3,939,971 3,973,979

Administrative expenses 2,008,589 1,612,369
OPERATING PROFIT 6 1,931,382 2,361,610

Interest receivable and similar income 33,727 26,254
1,965,109 2,387,864

Interest payable and similar expenses 7 391,707 390,000
PROFIT BEFORE TAXATION 1,573,402 1,997,864

Tax on profit 8 390,524 447,760
PROFIT FOR THE FINANCIAL
YEAR

1,182,878

1,550,104

COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 OCTOBER 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 1,182,878 1,550,104


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE
INCOME FOR THE YEAR

1,182,878

1,550,104

COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 10 - -
Tangible assets 11 1,507,827 1,539,894
1,507,827 1,539,894

CURRENT ASSETS
Stocks 12 5,703,453 5,678,682
Debtors 13 637,593 257,187
Cash in hand 2,042,685 1,733,046
8,383,731 7,668,915
CREDITORS
Amounts falling due within one year 14 911,168 1,078,796
NET CURRENT ASSETS 7,472,563 6,590,119
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,980,390

8,130,013

CREDITORS
Amounts falling due after more than one
year

15

(6,000,000

)

(6,000,000

)

PROVISIONS FOR LIABILITIES 16 (86,719 ) (80,720 )
NET ASSETS 2,893,671 2,049,293

CAPITAL AND RESERVES
Called up share capital 17 120 120
Retained earnings 18 2,893,551 2,049,173
SHAREHOLDERS' FUNDS 2,893,671 2,049,293

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:





A Cousins - Director


COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 November 2022 120 2,272,869 2,272,989

Changes in equity
Dividends - (1,773,800 ) (1,773,800 )
Total comprehensive income - 1,550,104 1,550,104
Balance at 31 October 2023 120 2,049,173 2,049,293

Changes in equity
Dividends - (338,500 ) (338,500 )
Total comprehensive income - 1,182,878 1,182,878
Balance at 31 October 2024 120 2,893,551 2,893,671

COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)

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

1. STATUTORY INFORMATION

Cousins Material House 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

Preparation of consolidated financial statements
The financial statements contain information about Cousins Material House Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Cousins Trading Group Limited, 7 Galliford Road Industrial Estate, Heybridge, Maldon, Essex, England, CM9 4XD.

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

Turnover represents the fair value of the consideration received or receivable for the sale of goods and
provision of services in the ordinary course of the company's principal activity. Turnover excludes
value added tax.

The company recognises revenue when (a) the significant risks and rewards of ownership have been
transferred to the buyer, (b) the company retains no continuing involvement or control over the goods,
(c) the amount of revenue can be measured reliably and (d) it is probable that future economic
benefits will flow to the entity.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty 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.

COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)

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

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2% per annum on cost
Fixtures and fittings - 25% per annum on cost and 25% per annum on reducing balance
Computer software - 33% per annum on cost

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Functional currency
The functional currency of the Company is the Great British Pound ("GBP "). And the figures are shown to the nearest pound.

COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)

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

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short-term deposits with an original maturity date of three months or less.

3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCE

In the application of the group's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities in these accounts.

4. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2024 2023
£    £   
United Kingdom 8,081,303 8,595,339
Rest of the World 4,100,447 3,754,018
12,181,750 12,349,357

5. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 1,081,770 1,250,390
Social security costs 12,938 6,378
Other pension costs 74,500 68,317
1,169,208 1,325,085

The average number of employees during the year was as follows:
2024 2023

Employees 30 33

COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)

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

5. EMPLOYEES AND DIRECTORS - continued

2024 2023
£    £   
Directors' remuneration 111,950 64,400

6. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 62,309 75,029
Goodwill amortisation - 27,498
Auditors' remuneration 18,000 18,000
Foreign exchange differences (12,786 ) (12,310 )

7. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Overdue tax 1,707 -
Interest on Intercompany Loan 390,000 390,000
391,707 390,000

8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 384,525 450,399

Deferred tax 5,999 (2,639 )
Tax on profit 390,524 447,760

9. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Interim 338,500 1,773,800

COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)

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

10. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 550,002
AMORTISATION
At 1 November 2023
and 31 October 2024 550,002
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

11. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings software Totals
£    £    £    £   
COST
At 1 November 2023 1,495,693 191,041 55,801 1,742,535
Additions - - 30,242 30,242
At 31 October 2024 1,495,693 191,041 86,043 1,772,777
DEPRECIATION
At 1 November 2023 44,871 114,842 42,928 202,641
Charge for year 29,914 20,453 11,942 62,309
At 31 October 2024 74,785 135,295 54,870 264,950
NET BOOK VALUE
At 31 October 2024 1,420,908 55,746 31,173 1,507,827
At 31 October 2023 1,450,822 76,199 12,873 1,539,894

12. STOCKS
2024 2023
£    £   
Stocks 5,703,453 5,678,682

COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)

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

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 90,617 144,483
Amounts owed by group undertakings 489,952 51,309
Staff loans 1,850 12,135
Prepayments 55,174 49,260
637,593 257,187

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 379,722 494,744
Tax 228,352 264,827
Social security and other taxes 21,711 23,175
VAT 144,259 117,638
Other creditors 9,277 7,308
Credit Card 1,855 (93 )
Directors' loan accounts 46,646 26,257
Accruals and deferred income 79,346 144,940
911,168 1,078,796

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 6,000,000 6,000,000

16. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 86,719 80,720

Deferred
tax
£   
Balance at 1 November 2023 80,720
Accelerated capital allowances 5,999
Balance at 31 October 2024 86,719

COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)

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

17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
80 Ordinary £1 80 80
20 A Ordinary £1 20 20
2 B Ordinary £1 2 2
2 C Ordinary £1 2 2
16 D Ordinary £1 16 16
120 120

18. RESERVES
Retained
earnings
£   

At 1 November 2023 2,049,173
Profit for the year 1,182,878
Dividends (338,500 )
At 31 October 2024 2,893,551

19. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed Mr A Cousins £46,646 (2023: £26,257).

20. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During 2023, the company loaned monies to close family members of the director, Mr A Cousins. At the balance sheet date close family members in total owed the company £NIL (2023: £4,285).

21. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Cousins by virtue of his shareholding in Cousins Trading Group Limited.

22. SECURED DEBTS

Cousins Trading Group Limited holds a fixed charge over all intellectual property of Cousins Material House Limited