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REGISTERED NUMBER: 14392067 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Cotswold Loft Insulation Ltd

Cotswold Loft Insulation Ltd (Registered number: 14392067)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cotswold Loft Insulation Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: I Robertson





REGISTERED OFFICE: Brunel House
11 The Promenade
Clifton
Bristol
BS8 3NG





REGISTERED NUMBER: 14392067 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG

Cotswold Loft Insulation Ltd (Registered number: 14392067)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,098 22,465

CURRENT ASSETS
Debtors 5 2,088 4,278
Cash at bank 1,688 2,751
3,776 7,029
CREDITORS
Amounts falling due within one year 6 5,423 21,945
NET CURRENT LIABILITIES (1,647 ) (14,916 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,451

7,549

PROVISIONS FOR LIABILITIES 7 3,577 675
NET ASSETS 14,874 6,874

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 14,873 6,873
SHAREHOLDERS' FUNDS 14,874 6,874

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

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

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 17 March 2025 and were signed by:





I Robertson - Director


Cotswold Loft Insulation Ltd (Registered number: 14392067)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Cotswold Loft Insulation 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 basis

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 NIL (2023 - NIL).

Cotswold Loft Insulation Ltd (Registered number: 14392067)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2023 398 29,529 29,927
Additions 4,042 - 4,042
At 31 October 2024 4,440 29,529 33,969
DEPRECIATION
At 1 November 2023 80 7,382 7,462
Charge for year 872 5,537 6,409
At 31 October 2024 952 12,919 13,871
NET BOOK VALUE
At 31 October 2024 3,488 16,610 20,098
At 31 October 2023 318 22,147 22,465

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 1,718 3,822
Prepayments 370 456
2,088 4,278

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 4,500 21,044
Accrued expenses 923 901
5,423 21,945

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,577 675

Deferred
tax
£   
Balance at 1 November 2023 675
Provided during year 2,902
Balance at 31 October 2024 3,577

8. CALLED UP SHARE CAPITAL

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

Cotswold Loft Insulation Ltd (Registered number: 14392067)

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

9. RESERVES
Retained
earnings
£   

At 1 November 2023 6,873
Profit for the year 8,000
At 31 October 2024 14,873