Company registration number 8041608 (England and Wales)
COUGHLAN COMMERCIAL BROKERS LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
COUGHLAN COMMERCIAL BROKERS LIMITED
CONTENTS
Page
Director's report
1
Balance sheet
2
Notes to the financial statements
3 - 5
COUGHLAN COMMERCIAL BROKERS LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 30 APRIL 2025
- 1 -
The director presents his annual report and financial statements for the year ended 30 April 2025.
Director
The director who held office during the year and up to the date of signature of the financial statements was as follows:
Mr L M Coughlan
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Mr L M Coughlan
Director
31 July 2025
COUGHLAN COMMERCIAL BROKERS LIMITED
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
28,788
22,926
Current assets
Debtors
4
141,302
140,218
Cash at bank and in hand
666,313
465,458
807,615
605,676
Creditors: amounts falling due within one year
5
(171,701)
(310,166)
Net current assets
635,914
295,510
Total assets less current liabilities
664,702
318,436
Provisions for liabilities
(4,998)
(3,532)
Net assets
659,704
314,904
Capital and reserves
Called up share capital
3
3
Profit and loss reserves
659,701
314,901
Total equity
659,704
314,904
For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 31 July 2025
Mr L M Coughlan
Director
Company registration number 8041608 (England and Wales)
COUGHLAN COMMERCIAL BROKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -
1
Accounting policies
Company information
Coughlan Commercial Brokers Limited is a private company limited by shares incorporated in England and Wales. The registered office is 18 Ballmoor, Buckingham Industrial Park, Buckingham, Buckinghamshire, England, MK18 1RT.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.
When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings
There is no depreciation charge in this year
Computers equipment
15% on Reducing Balance
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.5
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
COUGHLAN COMMERCIAL BROKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
8
7
3
Tangible fixed assets
Leasehold land and buildings
Computers equipment
Total
£
£
£
Cost
At 1 May 2024
8,796
16,623
25,419
Additions
9,390
9,390
At 30 April 2025
8,796
26,013
34,809
Depreciation and impairment
At 1 May 2024
2,493
2,493
Depreciation charged in the year
3,528
3,528
At 30 April 2025
6,021
6,021
Carrying amount
At 30 April 2025
8,796
19,992
28,788
At 30 April 2024
8,796
14,130
22,926
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
98,040
97,885
Amounts owed by group undertakings
40,000
40,000
Prepayments and accrued income
3,262
2,333
141,302
140,218
COUGHLAN COMMERCIAL BROKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 5 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
6,590
7,316
Taxation and social security
141,075
111,025
Other creditors
24,036
191,825
171,701
310,166
6
Parent company
The immediate parent company and ultimate controlling party is CGIB Holdings Limited.