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REGISTERED NUMBER: 07097642 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

COARS (N.E.) LIMITED

COARS (N.E.) LIMITED (REGISTERED NUMBER: 07097642)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COARS (N.E.) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: Adam Coar
Shaun Reid





REGISTERED OFFICE: Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH





REGISTERED NUMBER: 07097642 (England and Wales)





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

COARS (N.E.) LIMITED (REGISTERED NUMBER: 07097642)

BALANCE SHEET
31 JANUARY 2025

31/1/25 31/1/24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 152,479 116,643

CURRENT ASSETS
Stocks 530,831 475,088
Debtors 5 763,135 713,108
Cash at bank and in hand 920,405 888,846
2,214,371 2,077,042
CREDITORS
Amounts falling due within one year 6 356,962 479,459
NET CURRENT ASSETS 1,857,409 1,597,583
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,009,888

1,714,226

PROVISIONS FOR LIABILITIES 38,119 29,161
NET ASSETS 1,971,769 1,685,065

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,971,669 1,684,965
SHAREHOLDERS' FUNDS 1,971,769 1,685,065

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

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

COARS (N.E.) LIMITED (REGISTERED NUMBER: 07097642)

BALANCE SHEET - continued
31 JANUARY 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 31 March 2025 and were signed on its behalf by:




Adam Coar - Director



Shaun Reid - Director


COARS (N.E.) LIMITED (REGISTERED NUMBER: 07097642)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Coars (N.E.) 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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 50% 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.

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.

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.

Going concern
The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

COARS (N.E.) LIMITED (REGISTERED NUMBER: 07097642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2024 36,578 13,642 194,291 6,650 251,161
Additions - - 79,633 - 79,633
Disposals - - (44,890 ) - (44,890 )
At 31 January 2025 36,578 13,642 229,034 6,650 285,904
DEPRECIATION
At 1 February 2024 11,780 7,701 108,522 6,515 134,518
Charge for year 1,949 891 32,046 67 34,953
Eliminated on disposal - - (36,046 ) - (36,046 )
At 31 January 2025 13,729 8,592 104,522 6,582 133,425
NET BOOK VALUE
At 31 January 2025 22,849 5,050 124,512 68 152,479
At 31 January 2024 24,798 5,941 85,769 135 116,643

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/25 31/1/24
£    £   
Trade debtors 521,001 459,840
Other debtors 235,100 235,100
VAT - 12,175
Prepayments and accrued income 7,034 5,993
763,135 713,108

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/25 31/1/24
£    £   
Trade creditors 179,782 233,777
Tax 92,780 93,613
Social security and other taxes 19,947 14,382
VAT 38,331 -
Accrued expenses 26,122 137,687
356,962 479,459

7. RELATED PARTY DISCLOSURES

Mr A Coar is a director of Cobre Properties Limited. A loan of £235,000 to Cobre Properties Limited is included in Other Debtors.

Mr A Coar and Mr S Reid are directors of Coars Limited. During the year Coars Limited charged Coars (N.E.) Limited management fees of £39,600 (2024: £39,600).

8. ULTIMATE CONTROLLING PARTY

The director A Coar is the controlling party by virtue of his shareholding.