3 false false false false false false false false false false true false false false false false false No description of principal activity 2023-06-29 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 04011452 2023-06-29 2024-06-27 04011452 2024-06-27 04011452 2023-06-28 04011452 2022-07-01 2023-06-28 04011452 2023-06-28 04011452 2022-06-30 04011452 core:PlantMachinery 2023-06-29 2024-06-27 04011452 core:MotorVehicles 2023-06-29 2024-06-27 04011452 bus:Director1 2023-06-29 2024-06-27 04011452 core:PlantMachinery 2023-06-28 04011452 core:MotorVehicles 2023-06-28 04011452 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-27 04011452 core:PlantMachinery 2024-06-27 04011452 core:MotorVehicles 2024-06-27 04011452 core:WithinOneYear 2024-06-27 04011452 core:WithinOneYear 2023-06-28 04011452 core:AfterOneYear 2024-06-27 04011452 core:AfterOneYear 2023-06-28 04011452 core:ShareCapital 2024-06-27 04011452 core:ShareCapital 2023-06-28 04011452 core:RetainedEarningsAccumulatedLosses 2024-06-27 04011452 core:RetainedEarningsAccumulatedLosses 2023-06-28 04011452 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-28 04011452 core:PlantMachinery 2023-06-28 04011452 core:MotorVehicles 2023-06-28 04011452 bus:SmallEntities 2023-06-29 2024-06-27 04011452 bus:AuditExemptWithAccountantsReport 2023-06-29 2024-06-27 04011452 bus:SmallCompaniesRegimeForAccounts 2023-06-29 2024-06-27 04011452 bus:PrivateLimitedCompanyLtd 2023-06-29 2024-06-27 04011452 bus:FullAccounts 2023-06-29 2024-06-27 04011452 core:ComputerEquipment 2023-06-29 2024-06-27 04011452 core:ComputerEquipment 2024-06-27 04011452 core:ComputerEquipment 2023-06-28
COMPANY REGISTRATION NUMBER: 04011452
COTTERWELL LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
27 June 2024
COTTERWELL LIMITED
STATEMENT OF FINANCIAL POSITION
27 June 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
484,365
488,534
CURRENT ASSETS
Debtors
6
1,719
1,723
Cash at bank and in hand
7,154
-------
-------
8,873
1,723
CREDITORS: amounts falling due within one year
7
( 171,393)
( 145,745)
---------
---------
NET CURRENT LIABILITIES
( 162,520)
( 144,022)
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
321,845
344,512
CREDITORS: amounts falling due after more than one year
8
( 62,928)
( 72,574)
PROVISIONS
( 25,500)
( 25,500)
---------
---------
NET ASSETS
233,417
246,438
---------
---------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
233,317
246,338
---------
---------
SHAREHOLDERS FUNDS
233,417
246,438
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 27 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
COTTERWELL LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
27 June 2024
These financial statements were approved by the board of directors and authorised for issue on 17 June 2025 , and are signed on behalf of the board by:
S M Wayne
Director
Company registration number: 04011452
COTTERWELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD ENDED 27 JUNE 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Riverside House, Harrogate Road, Harewood, Leeds, LS17 9LW, England.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the Company in respect of rental income received.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Computer Equipment
-
25% straight line
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its open market value at each reporting date and any changes in value are recognised in the statement of income and retained earnings.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 3 (2023: 3 ).
5. TANGIBLE ASSETS
Investment property
Plant and machinery
Motor vehicles
Computer Equipment
Total
£
£
£
£
£
Cost
At 29 June 2023 and 27 June 2024
400,000
10,159
97,813
340
508,312
---------
--------
--------
----
---------
Depreciation
At 29 June 2023
10,037
9,592
149
19,778
Charge for the period
30
4,054
85
4,169
---------
--------
--------
----
---------
At 27 June 2024
10,067
13,646
234
23,947
---------
--------
--------
----
---------
Carrying amount
At 27 June 2024
400,000
92
84,167
106
484,365
---------
--------
--------
----
---------
At 28 June 2023
400,000
122
88,221
191
488,534
---------
--------
--------
----
---------
The market value of the investment property held as at 27th June 2024 has been calculated by the director, and has been valued at open market value.
6. DEBTORS
2024
2023
£
£
Trade debtors
1,274
1,000
Other debtors
445
723
-------
-------
1,719
1,723
-------
-------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
4,400
7,108
Trade creditors
3,675
3,409
Social security and other taxes
1,346
2,549
Other creditors
161,972
132,679
---------
---------
171,393
145,745
---------
---------
8. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
4,493
8,893
Other creditors
58,435
63,681
--------
--------
62,928
72,574
--------
--------