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REGISTERED NUMBER: 14318929 (England and Wales)










Financial Statements

for the Year Ended 31st August 2024

for

Cotswold Building Renovations Ltd

Cotswold Building Renovations Ltd (Registered number: 14318929)






Contents of the Financial Statements
for the Year Ended 31st August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cotswold Building Renovations Ltd

Company Information
for the Year Ended 31st August 2024







DIRECTOR: M A Pope





REGISTERED OFFICE: Oakleaze
Cirencester Road
South Cerney
Cirencester
Gloucestershire
GL7 6HT





REGISTERED NUMBER: 14318929 (England and Wales)






Cotswold Building Renovations Ltd (Registered number: 14318929)

Balance Sheet
31st August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 11,996 8,542

CURRENT ASSETS
Stocks 19,937 16,792
Debtors 5 92,307 42,965
Cash at bank 12,833 15,305
125,077 75,062
CREDITORS
Amounts falling due within one year 6 93,589 66,246
NET CURRENT ASSETS 31,488 8,816
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,484

17,358

CREDITORS
Amounts falling due after more than one
year

7

43,113

17,102
NET ASSETS 371 256

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 370 255
371 256

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Cotswold Building Renovations Ltd (Registered number: 14318929)

Balance Sheet - continued
31st August 2024


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 director and authorised for issue on 14th May 2025 and were signed by:





M A Pope - Director


Cotswold Building Renovations Ltd (Registered number: 14318929)

Notes to the Financial Statements
for the Year Ended 31st August 2024

1. STATUTORY INFORMATION

Cotswold Building Renovations Ltd 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.
Plant and machinery etc - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Cotswold Building Renovations Ltd (Registered number: 14318929)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st September 2023 11,389
Additions 15,995
Disposals (11,389 )
At 31st August 2024 15,995
DEPRECIATION
At 1st September 2023 2,847
Charge for year 3,999
Eliminated on disposal (2,847 )
At 31st August 2024 3,999
NET BOOK VALUE
At 31st August 2024 11,996
At 31st August 2023 8,542

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,433 -
Other debtors 55,874 42,965
92,307 42,965

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,431 2,985
Hire purchase contracts 2,419 3,056
Trade creditors 7,368 3,850
Taxation and social security 76,037 53,827
Other creditors 4,334 2,528
93,589 66,246

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 31,917 12,015
Hire purchase contracts 11,196 5,087
43,113 17,102

Cotswold Building Renovations Ltd (Registered number: 14318929)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31st August 2024 and the period ended 31st August 2023:

2024 2023
£    £   
M A Pope
Balance outstanding at start of year 15,243 -
Amounts advanced 52,010 93,347
Amounts repaid (11,379 ) (78,104 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 55,874 15,243

Interest is charged on the overdrawn director's loan account balance at the HMRC official rates.