Caseware UK (AP4) 2024.0.164 2024.0.164 falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-09-01No description of principal activityfalse55truefalse NI655481 2023-09-01 2024-08-31 NI655481 2022-09-01 2023-08-31 NI655481 2024-08-31 NI655481 2023-08-31 NI655481 c:Director1 2023-09-01 2024-08-31 NI655481 d:Buildings 2023-09-01 2024-08-31 NI655481 d:Buildings 2024-08-31 NI655481 d:Buildings 2023-08-31 NI655481 d:Buildings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 NI655481 d:PlantMachinery 2023-09-01 2024-08-31 NI655481 d:PlantMachinery 2024-08-31 NI655481 d:PlantMachinery 2023-08-31 NI655481 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 NI655481 d:FurnitureFittings 2023-09-01 2024-08-31 NI655481 d:FurnitureFittings 2024-08-31 NI655481 d:FurnitureFittings 2023-08-31 NI655481 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 NI655481 d:OfficeEquipment 2023-09-01 2024-08-31 NI655481 d:OfficeEquipment 2024-08-31 NI655481 d:OfficeEquipment 2023-08-31 NI655481 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 NI655481 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 NI655481 d:CurrentFinancialInstruments 2024-08-31 NI655481 d:CurrentFinancialInstruments 2023-08-31 NI655481 d:Non-currentFinancialInstruments 2024-08-31 NI655481 d:Non-currentFinancialInstruments 2023-08-31 NI655481 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 NI655481 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 NI655481 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 NI655481 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 NI655481 d:ShareCapital 2024-08-31 NI655481 d:ShareCapital 2023-08-31 NI655481 d:RetainedEarningsAccumulatedLosses 2024-08-31 NI655481 d:RetainedEarningsAccumulatedLosses 2023-08-31 NI655481 c:FRS102 2023-09-01 2024-08-31 NI655481 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 NI655481 c:FullAccounts 2023-09-01 2024-08-31 NI655481 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 NI655481 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-08-31 NI655481 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-08-31 NI655481 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: NI655481










Cosy Roof (UK) Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 August 2024

 
Cosy Roof (UK) Ltd
Registered number: NI655481

Balance Sheet
As at 31 August 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
521,785
597,337

  
521,785
597,337

Current assets
  

Stocks
 6 
35,998
29,000

Debtors: amounts falling due after more than one year
 7 
1,417,163
936,086

Debtors: amounts falling due within one year
 7 
108,757
1,156,128

Cash at bank and in hand
 8 
1,060,652
236,115

  
2,622,570
2,357,329

Creditors: amounts falling due within one year
 9 
(1,881,578)
(1,950,260)

Net current assets
  
 
 
740,992
 
 
407,069

Total assets less current liabilities
  
1,262,777
1,004,406

Creditors: amounts falling due after more than one year
 10 
(145,148)
(203,265)

Provisions for liabilities
  

Deferred tax
  
(53,912)
(66,522)

  
 
 
(53,912)
 
 
(66,522)

Net assets
  
1,063,717
734,619


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,063,617
734,519

  
1,063,717
734,619


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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Cosy Roof (UK) Ltd
Registered number: NI655481

Balance Sheet (continued)
As at 31 August 2024

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 March 2025.




Mr P Polly
Director

The notes on pages 3 to 10 form part of these financial statements.

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Cosy Roof (UK) Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 August 2024

1.


General information

Cosy Roof (UK) Ltd is a private company limited by shares incorporated in Northern Ireland. The registration number and address of the registered office are given in the company information section of these financial statements.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

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Cosy Roof (UK) Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 August 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

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Cosy Roof (UK) Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 August 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Land and buildings
-
2%
Plant and machinery
-
20%
Fixtures and fittings
-
20%
Office equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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Cosy Roof (UK) Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 August 2024

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.11

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive
obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate
can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware
of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure
required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

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Cosy Roof (UK) Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 August 2024

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

In the process of applying the Company’s accounting policies, management has not made any significant judgements. There are no key assumptions concerning the future or other key sources of estimation, that have significant risk of raising a material adjustment to the carrying amounts of assets and liabilities within next the financial year.


4.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).


5.


Tangible fixed assets





Freehold property
Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 September 2023
228,320
304,963
115,162
1,117
649,562


Additions
-
37,397
-
5,007
42,404


Disposals
(50,000)
-
-
-
(50,000)



At 31 August 2024

178,320
342,360
115,162
6,124
641,966



Depreciation


At 1 September 2023
2,528
36,354
13,213
130
52,225


Charge for the year on owned assets
1,567
63,583
1,910
896
67,956



At 31 August 2024

4,095
99,937
15,123
1,026
120,181



Net book value



At 31 August 2024
174,225
242,423
100,039
5,098
521,785



At 31 August 2023
225,792
268,609
101,949
987
597,337

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
205,293
265,588

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Cosy Roof (UK) Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 August 2024

6.


Stocks

2024
2023
£
£

Finished goods and goods for resale
35,998
29,000

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Cosy Roof (UK) Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 August 2024

7.


Debtors

2024
2023
£
£

Due after more than one year

Amounts owed by group undertakings
1,417,163
797,804

Amounts owed by related undertakings
-
138,282

1,417,163
936,086


2024
2023
£
£

Due within one year

Trade debtors
76,802
155,397

Amounts owed by group undertakings
-
975,837

Other debtors
31,955
24,894

108,757
1,156,128


Amounts owed by group undertakings are unsecured, interest free and repayable on demand.


8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,060,652
236,115


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Page 9

 
Cosy Roof (UK) Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 August 2024

9.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
201,815
171,408

Trade creditors
245,105
146,915

Amounts owed to group undertakings
502,386
1,020,262

Corporation tax
139,242
69,608

Other taxation and social security
244,708
246,036

Obligations under finance lease and hire purchase contracts
58,116
47,456

Other creditors
244,503
126,311

Accruals and deferred income
245,703
122,264

1,881,578
1,950,260


Bank loans are secured upon all Freehold Land and Premises situated at 38 Ballyhoran Road, Downpatrick.
Amounts owed to group undertakings are unsecured, interest free and repayable on demand. 


10.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
145,148
203,265



11.


Related party transactions

The company has availed of the exemption under FRS 102 in relation to the disclosure of transactions with wholly owned group companies.


12.


Parent company

Cosy Group Holdings Limited, a Northern Ireland registered company, is the 100% parent company of Cosy Roof (UK) Ltd. Mr Philip Polly is the ultimate controlling party of the Company. 

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