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REGISTERED NUMBER: 09282771 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st October 2024

for

Cobrec Limited

Cobrec Limited (Registered number: 09282771)






Contents of the Financial Statements
for the year ended 31st October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cobrec Limited

Company Information
for the year ended 31st October 2024







DIRECTORS: Mr C Corbridge
Mrs K Corbridge





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 09282771 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Cobrec Limited (Registered number: 09282771)

Balance Sheet
31st October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,500
Tangible assets 5 122,536 123,543
122,536 126,043

CURRENT ASSETS
Stocks 236 1,745
Debtors 6 38,228 25,839
Cash at bank 22,316 19,652
60,780 47,236
CREDITORS
Amounts falling due within one year 7 67,951 47,368
NET CURRENT LIABILITIES (7,171 ) (132 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,365

125,911

CREDITORS
Amounts falling due after more than one
year

8

(10,669

)

(19,059

)

PROVISIONS FOR LIABILITIES (9,148 ) (8,465 )
NET ASSETS 95,548 98,387

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 95,448 98,287
SHAREHOLDERS' FUNDS 95,548 98,387

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

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

Cobrec Limited (Registered number: 09282771)

Balance Sheet - continued
31st October 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 Board of Directors and authorised for issue on 10th July 2025 and were signed on its behalf by:




Mr C Corbridge - Director



Mrs K Corbridge - Director


Cobrec Limited (Registered number: 09282771)

Notes to the Financial Statements
for the year ended 31st October 2024

1. STATUTORY INFORMATION

Cobrec 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance

No depreciation is provided on freehold property as the directors' are of the opinion the value is in excess of cost price, and therefore it would be inappropriate to depreciate.

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 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.

Cobrec Limited (Registered number: 09282771)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

2. ACCOUNTING POLICIES - continued

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

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2023
and 31st October 2024 25,000
AMORTISATION
At 1st November 2023 22,500
Amortisation for year 2,500
At 31st October 2024 25,000
NET BOOK VALUE
At 31st October 2024 -
At 31st October 2023 2,500

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1st November 2023 83,857 58,383 15,143
Additions - 2,249 -
At 31st October 2024 83,857 60,632 15,143
DEPRECIATION
At 1st November 2023 - 29,317 9,189
Charge for year - 3,702 894
At 31st October 2024 - 33,019 10,083
NET BOOK VALUE
At 31st October 2024 83,857 27,613 5,060
At 31st October 2023 83,857 29,066 5,954

Cobrec Limited (Registered number: 09282771)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st November 2023 21,446 2,350 181,179
Additions - 2,982 5,231
At 31st October 2024 21,446 5,332 186,410
DEPRECIATION
At 1st November 2023 17,848 1,282 57,636
Charge for year 720 922 6,238
At 31st October 2024 18,568 2,204 63,874
NET BOOK VALUE
At 31st October 2024 2,878 3,128 122,536
At 31st October 2023 3,598 1,068 123,543

The long leasehold property lease expires on 31 January 3009.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,665 23,617
Other debtors 8,563 2,222
38,228 25,839

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,998 8,998
Trade creditors 3,639 9,065
Taxation and social security 32,934 25,404
Other creditors 22,380 3,901
67,951 47,368

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,669 19,059

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C Corbridge.