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REGISTERED NUMBER: 05377782 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

COUGAR RED LIMITED

COUGAR RED LIMITED (REGISTERED NUMBER: 05377782)

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


COUGAR RED LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTORS: Mr P Copperwheat
Mr MI Taylor





SECRETARY: Mr P Copperwheat





REGISTERED OFFICE: Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH





REGISTERED NUMBER: 05377782 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

COUGAR RED LIMITED (REGISTERED NUMBER: 05377782)

BALANCE SHEET
31ST AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 186,719 194,672
Investment property 5 260,000 250,000
446,719 444,672

CURRENT ASSETS
Stocks 6,000 5,000
Debtors 6 62,770 123,333
Cash at bank 97,649 85,104
166,419 213,437
CREDITORS
Amounts falling due within one year 7 165,423 151,098
NET CURRENT ASSETS 996 62,339
TOTAL ASSETS LESS CURRENT
LIABILITIES

447,715

507,011

CREDITORS
Amounts falling due after more than one
year

8

(114,221

)

(220,494

)

PROVISIONS FOR LIABILITIES (80,408 ) (79,127 )
NET ASSETS 253,086 207,390

CAPITAL AND RESERVES
Called up share capital 10 2 2
Fair value reserve 11 111,690 104,190
Retained earnings 141,394 103,198
SHAREHOLDERS' FUNDS 253,086 207,390

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 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.

COUGAR RED LIMITED (REGISTERED NUMBER: 05377782)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1st May 2025 and were signed on its behalf by:




Mr P Copperwheat - Director



Mr MI Taylor - Director


COUGAR RED LIMITED (REGISTERED NUMBER: 05377782)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024


1. STATUTORY INFORMATION

Cougar Red 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Statement of Income and Retained Earnings, 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.


COUGAR RED LIMITED (REGISTERED NUMBER: 05377782)

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


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

COUGAR RED LIMITED (REGISTERED NUMBER: 05377782)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st September 2023 890,027 13,188 - 3,564 906,779
Additions - 17,848 20,285 - 38,133
Disposals - (1,218 ) - (1,400 ) (2,618 )
At 31st August 2024 890,027 29,818 20,285 2,164 942,294
DEPRECIATION
At 1st September 2023 698,940 10,956 - 2,211 712,107
Charge for year 38,218 3,655 3,381 714 45,968
Eliminated on disposal - (1,101 ) - (1,399 ) (2,500 )
At 31st August 2024 737,158 13,510 3,381 1,526 755,575
NET BOOK VALUE
At 31st August 2024 152,869 16,308 16,904 638 186,719
At 31st August 2023 191,087 2,232 - 1,353 194,672

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1st September 2023
and 31st August 2024 86,000
DEPRECIATION
At 1st September 2023 19,493
Charge for year 13,302
At 31st August 2024 32,795
NET BOOK VALUE
At 31st August 2024 53,205
At 31st August 2023 66,507

COUGAR RED LIMITED (REGISTERED NUMBER: 05377782)

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


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st September 2023 250,000
Revaluations 10,000
At 31st August 2024 260,000
NET BOOK VALUE
At 31st August 2024 260,000
At 31st August 2023 250,000

Fair value at 31st August 2024 is represented by:
£   
Valuation in 2017 28,920
Valuation in 2021 30,000
Valuation in 2022 80,000
Valuation in 2024 10,000
Cost 111,080
260,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 111,080 111,080

Investment property was valued on an open market basis on 31st August 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 56,154 113,376
Other debtors 6,616 9,957
62,770 123,333

COUGAR RED LIMITED (REGISTERED NUMBER: 05377782)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,551 5,557
Hire purchase contracts 14,724 13,965
Trade creditors 17,872 14,511
Taxation and social security 111,053 112,941
Other creditors 16,223 4,124
165,423 151,098

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 27,324 32,873
Hire purchase contracts 30,495 45,218
Other creditors 56,402 142,403
114,221 220,494

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 45,219 59,183

The hire purchase liabilities are secured against the assets to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

COUGAR RED LIMITED (REGISTERED NUMBER: 05377782)

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


11. RESERVES
Fair
value
reserve
£   
At 1st September 2023 104,190
Fair value movement 10,000
Deferred tax (2,500 )

At 31st August 2024 111,690