Company Registration No. 04309017 (England and Wales)
Cobalt Three Limited
Unaudited accounts
for the year ended 31 October 2024
Cobalt Three Limited
Company Information
for the year ended 31 October 2024
Directors
Bradley Forster
Janice Forster
Company Number
04309017 (England and Wales)
Registered Office
C/O Accounting Inc. Ltd Mailing Exchange
Hoults Yard, Walker Rd
Newcastle upon Tyne
Tyne and Wear
NE6 2HL
Accountants
Accounting Inc. Ltd
Hoults Yard
Walker Rd
Newcastle upon Tyne
Tyne and Wear
NE6 2HL
Cobalt Three Limited
Statement of financial position
as at 31 October 2024
Cash at bank and in hand
95,005
178,176
Creditors: amounts falling due within one year
(3,315)
(44,491)
Net current assets
91,690
136,449
Called up share capital
100
100
Profit and loss account
91,990
137,148
Shareholders' funds
92,090
137,248
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2025 and were signed on its behalf by
Bradley Forster
Director
Company Registration No. 04309017
Cobalt Three Limited
Notes to the Accounts
for the year ended 31 October 2024
Cobalt Three Limited is a private company, limited by shares, registered in England and Wales, registration number 04309017. The registered office is C/O Accounting Inc. Ltd Mailing Exchange, Hoults Yard, Walker Rd, Newcastle upon Tyne, Tyne and Wear, NE6 2HL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Computer equipment
25% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Cobalt Three Limited
Notes to the Accounts
for the year ended 31 October 2024
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2023
126,839
5,036
131,875
At 31 October 2024
126,839
5,036
131,875
At 1 November 2023
126,839
4,237
131,076
Charge for the year
-
399
399
At 31 October 2024
126,839
4,636
131,475
At 31 October 2024
-
400
400
At 31 October 2023
-
799
799
During the financial year, the company sold an investment property, recognising the sale was recorded at the date of completion, with the difference between the selling price and the carrying amount reflected in the profit and loss account.
Amounts falling due within one year
8
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
(5)
Loans from directors
3,315
42,694
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).