Company Registration No. 10846866 (England and Wales)
Cothi Fencing Supplies Ltd
Unaudited accounts
for the year ended 31 July 2024
Cothi Fencing Supplies Ltd
Unaudited accounts
Contents
Cothi Fencing Supplies Ltd
Company Information
for the year ended 31 July 2024
Directors
Mrs B J Pope
Mr G Taylor
Company Number
10846866 (England and Wales)
Registered Office
Timber Treatment Plant
Derwen Fawr
Pumsaint
Llanwrda
Carmarthenshire
SA19 8SY
Wales
Accountants
Waltwood Accountants
46 Gurnos Road
Ystalyfera
Swansea
SA9 2HY
Cothi Fencing Supplies Ltd
Statement of financial position
as at 31 July 2024
Intangible assets
172,405
193,145
Tangible assets
848,227
893,164
Inventories
501,214
327,038
Cash at bank and in hand
81,466
46,753
Creditors: amounts falling due within one year
(523,745)
(919,752)
Net current assets/(liabilities)
349,310
(137,275)
Total assets less current liabilities
1,369,942
949,034
Creditors: amounts falling due after more than one year
(872,478)
(519,712)
Net assets
497,464
429,322
Called up share capital
1
1
Profit and loss account
497,463
429,321
Shareholders' funds
497,464
429,322
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by
Mrs B J Pope
Director
Company Registration No. 10846866
Cothi Fencing Supplies Ltd
Notes to the Accounts
for the year ended 31 July 2024
Cothi Fencing Supplies Ltd is a private company, limited by shares, registered in England and Wales, registration number 10846866. The registered office is Timber Treatment Plant, Derwen Fawr, Pumsaint, Llanwrda, Carmarthenshire, SA19 8SY, Wales.
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:
Plant & machinery
10% Reducing Balance
Motor vehicles
15% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 August 2023
212,400
1,985
214,385
At 31 July 2024
212,400
2,485
214,885
At 1 August 2023
21,240
-
21,240
Charge for the year
21,240
-
21,240
At 31 July 2024
42,480
-
42,480
At 31 July 2024
169,920
2,485
172,405
At 31 July 2023
191,160
1,985
193,145
Cothi Fencing Supplies Ltd
Notes to the Accounts
for the year ended 31 July 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
14,072
1,044,291
413,150
1,471,513
Additions
-
301,700
-
301,700
Disposals
-
(249,613)
-
(249,613)
At 31 July 2024
14,072
1,096,378
413,150
1,523,600
At 1 August 2023
-
390,132
188,217
578,349
Charge for the year
-
72,032
24,992
97,024
At 31 July 2024
-
462,164
213,209
675,373
At 31 July 2024
14,072
634,214
199,941
848,227
At 31 July 2023
14,072
654,159
224,933
893,164
Amounts falling due within one year
Trade debtors
290,375
408,686
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
246,212
167,497
Trade creditors
122,887
69,776
Taxes and social security
60,385
280,137
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
349,314
356,412
Loans from directors
513,164
144,967
9
Average number of employees
During the year the average number of employees was 12 (2023: 12).