Caseware UK (AP4) 2024.0.164 2024.0.164 2025-05-312025-05-31true2024-05-01falseNo description of principal activity33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07066349 2024-05-01 2025-05-31 07066349 2023-05-01 2024-04-30 07066349 2025-05-31 07066349 2024-04-30 07066349 c:Director1 2024-05-01 2025-05-31 07066349 c:Director2 2024-05-01 2025-05-31 07066349 d:PlantMachinery 2024-05-01 2025-05-31 07066349 d:PlantMachinery 2025-05-31 07066349 d:PlantMachinery 2024-04-30 07066349 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-05-01 2025-05-31 07066349 d:MotorVehicles 2024-05-01 2025-05-31 07066349 d:MotorVehicles 2025-05-31 07066349 d:MotorVehicles 2024-04-30 07066349 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-05-01 2025-05-31 07066349 d:FurnitureFittings 2024-05-01 2025-05-31 07066349 d:FurnitureFittings 2025-05-31 07066349 d:FurnitureFittings 2024-04-30 07066349 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-05-01 2025-05-31 07066349 d:OwnedOrFreeholdAssets 2024-05-01 2025-05-31 07066349 d:CurrentFinancialInstruments 2025-05-31 07066349 d:CurrentFinancialInstruments 2024-04-30 07066349 d:Non-currentFinancialInstruments 2025-05-31 07066349 d:Non-currentFinancialInstruments 2024-04-30 07066349 d:CurrentFinancialInstruments d:WithinOneYear 2025-05-31 07066349 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 07066349 d:Non-currentFinancialInstruments d:AfterOneYear 2025-05-31 07066349 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 07066349 d:ShareCapital 2025-05-31 07066349 d:ShareCapital 2024-04-30 07066349 d:RetainedEarningsAccumulatedLosses 2025-05-31 07066349 d:RetainedEarningsAccumulatedLosses 2024-04-30 07066349 d:AcceleratedTaxDepreciationDeferredTax 2025-05-31 07066349 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 07066349 c:FRS102 2024-05-01 2025-05-31 07066349 c:AuditExemptWithAccountantsReport 2024-05-01 2025-05-31 07066349 c:FullAccounts 2024-05-01 2025-05-31 07066349 c:PrivateLimitedCompanyLtd 2024-05-01 2025-05-31 07066349 d:HirePurchaseContracts d:WithinOneYear 2025-05-31 07066349 d:HirePurchaseContracts d:WithinOneYear 2024-04-30 07066349 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-05-31 07066349 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-04-30 07066349 2 2024-05-01 2025-05-31 07066349 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2025-05-31 07066349 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-04-30 07066349 d:LeasedAssetsHeldAsLessee 2025-05-31 07066349 d:LeasedAssetsHeldAsLessee 2024-04-30 07066349 e:PoundSterling 2024-05-01 2025-05-31 iso4217:GBP xbrli:pure

Registered number: 07066349










COBRA DECOR LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MAY 2025

 
COBRA DECOR LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF COBRA DECOR LIMITED
FOR THE PERIOD ENDED 31 MAY 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cobra Decor Limited for the period ended 31 May 2025 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Cobra Decor Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Cobra Decor Limited and state those matters that we have agreed to state to the Board of directors of Cobra Decor Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cobra Decor Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Cobra Decor Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Cobra Decor Limited. You consider that Cobra Decor Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Cobra Decor Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MWS
 
Chartered Accountants
  
4 Chester Court
Chester Hall Lane
Basildon
Essex
SS14 3WR
11 July 2025
Page 1

 
COBRA DECOR LIMITED
REGISTERED NUMBER: 07066349

BALANCE SHEET
AS AT 31 MAY 2025

31 May
30 April
2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
8,234

  
-
8,234

Current assets
  

Debtors: amounts falling due within one year
 5 
13,813
21,872

Cash at bank and in hand
 6 
1,647
5,774

  
15,460
27,646

Creditors: amounts falling due within one year
 7 
(3,623)
(9,264)

Net current assets
  
 
 
11,837
 
 
18,382

Total assets less current liabilities
  
11,837
26,616

Creditors: amounts falling due after more than one year
 8 
-
(833)

Provisions for liabilities
  

Deferred tax
 10 
-
(1,564)

  
 
 
-
 
 
(1,564)

Net assets
  
11,837
24,219


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
11,835
24,217

  
11,837
24,219


Page 2

 
COBRA DECOR LIMITED
REGISTERED NUMBER: 07066349

BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2025

The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The Company has opted not to file the statement of income and retained earnings 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 by: 




R. Wilmot
A. Wilmot
Director
Director


Date: 11 July 2025

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
COBRA DECOR LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2025

1.


General information

The company is a private company limited by shares and was incorporated in England and Wales. The registered office is:
Kingsridge House,
601 London Road,
Westcliff-on-Sea,
Essex,
SS0 9PE.
The company ceased trading on 31 May 2025.

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

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:

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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
COBRA DECOR LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2025

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the period 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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Equipment
-
25%
reducing balance

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.

 
2.7

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.

Page 5

 
COBRA DECOR LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2025

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 3 (2024 - 3).

Page 6

 
COBRA DECOR LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2025

4.


Tangible fixed assets







Plant and machinery
Motor vehicles
Equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2024
5,431
23,544
3,176
32,151


Disposals
-
(9,995)
-
(9,995)



At 31 May 2025

5,431
13,549
3,176
22,156



Depreciation


At 1 May 2024
5,042
16,917
1,959
23,918


Charge for the period on owned assets
389
2,410
1,217
4,016


Disposals
-
(5,778)
-
(5,778)



At 31 May 2025

5,431
13,549
3,176
22,156



Net book value



At 31 May 2025
-
-
-
-



At 30 April 2024
390
6,627
1,217
8,234

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


31 May
30 April
2025
2024
£
£



Motor vehicles
-
4,217

-
4,217


5.


Debtors

31 May
30 April
2025
2024
£
£


Trade debtors
9,674
18,516

Other debtors
4,139
3,356

13,813
21,872


Page 7

 
COBRA DECOR LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2025

6.


Cash and cash equivalents

31 May
30 April
2025
2024
£
£

Cash at bank and in hand
1,647
5,774

1,647
5,774



7.


Creditors: Amounts falling due within one year

31 May
30 April
2025
2024
£
£

Trade creditors
2,366
1,501

Corporation tax
-
5,222

Obligations under finance lease and hire purchase contracts
502
2,499

Other creditors
755
42

3,623
9,264


The following liabilities were secured:

31 May
30 April
2025
2024
£
£



Obligations under finance lease and hire purchase contracts
502
2,499

502
2,499

Details of security provided:

Obligations under finance lease and hire purchase contracts are secured on the asset.

Page 8

 
COBRA DECOR LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2025

8.


Creditors: Amounts falling due after more than one year

31 May
30 April
2025
2024
£
£

Net obligations under finance leases and hire purchase contracts
-
833

-
833


The following liabilities were secured:

31 May
30 April
2025
2024
£
£



Obligations under finance lease and hire purchase contracts
-
833

-
833

Details of security provided:

Obligations under finance lease and hire purchase contracts are secured on the asset.


9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

31 May
30 April
2025
2024
£
£


Within one year
502
2,499

Between 1-5 years
-
833

502
3,332


10.


Deferred taxation






2025


£






At beginning of year
(1,564)


Charged to profit or loss
1,564



At end of year
-

Page 9

 
COBRA DECOR LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2025
 
10.Deferred taxation (continued)

The deferred taxation balance is made up as follows:

31 May
30 April
2025
2024
£
£


Accelerated capital allowances
-
1,564

-
1,564


11.


Related party transactions

During the year a director was paid dividends in the amount of NIL (2024 £27,700).


Page 10