Company registration number 13758103 (England and Wales)
COEX SOLUTIONS LIMITED
Unaudited Financial Statements
For The Year Ended 30 November 2024
Pages For Filing With Registrar
Coex Solutions Limited
COEX SOLUTIONS LIMITED
Company Information
Director
Mr B M Cox
Company number
13758103
Registered office
44 Goodwood Road
Southsea
England
PO5 1NW
Accountants
Chavereys Limited
The Goods Shed
Jubilee Way
Faversham
Kent
England
ME13 8GD
Coex Solutions Limited
COEX SOLUTIONS LIMITED
Contents
Page
Accountants' report
1
Balance sheet
2
Statement of changes in equity
3
Notes to the financial statements
4 - 7
Coex Solutions Limited
COEX SOLUTIONS LIMITED
Accountants' Report To The Director On The Preparation Of The Unaudited Statutory Financial Statements Of Coex Solutions Limited For The Year Ended 30 November 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Coex Solutions Limited for the year ended 30 November 2024 which comprise, the balance sheet, the statement of changes in equity 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 Coex Solutions Limited, as a body, in accordance with the terms of our engagement letter dated 30 July 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Coex Solutions Limited and state those matters that we have agreed to state to the board of directors of Coex Solutions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coex Solutions Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Coex Solutions 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 Coex Solutions Limited. You consider that Coex Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Coex Solutions 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.

Chavereys Limited
Chartered Accountants
The Goods Shed
Jubilee Way
Faversham
Kent
ME13 8GD
England
19 August 2025
Coex Solutions Limited
COEX SOLUTIONS LIMITED
Balance Sheet
As At 30 November 2024
- 2 -
2024
2023
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,884
1,373
Current assets
Debtors
4
444
377
Cash at bank and in hand
1,569
3,187
2,013
3,564
Creditors: amounts falling due within one year
5
(4,062)
(3,319)
Net current (liabilities)/assets
(2,049)
245
Net (liabilities)/assets
(165)
1,618
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(166)
1,617
Total equity
(165)
1,618

The notes on pages 4 to 7 form part of these financial statements.

For the financial year ended 30 November 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 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 17 August 2025
Mr B M Cox
Director
Company registration number 13758103 (England and Wales)
Coex Solutions Limited
COEX SOLUTIONS LIMITED
Statement Of Changes In Equity
For The Year Ended 30 November 2024
- 3 -
Share capital
Profit and loss reserves
Total
£
£
£
As restated for the period ended 30 November 2023:
Balance at 1 December 2022
1
1,851
1,852
Year ended 30 November 2023:
Loss and total comprehensive income
-
(234)
(234)
Balance at 30 November 2023
1
1,617
1,618
Year ended 30 November 2024:
Loss and total comprehensive income
-
(1,783)
(1,783)
Balance at 30 November 2024
1
(166)
(165)

The notes on pages 4 to 7 form part of these financial statements.

Coex Solutions Limited
COEX SOLUTIONS LIMITED
Notes To The Financial Statements
For The Year Ended 30 November 2024
- 4 -
1
Accounting policies
Company information

Coex Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office is 44 Goodwood Road, Southsea, England, PO5 1NW.

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. The principal accounting policies adopted are set out below.

1.2
Prior period error

The prior year accounts have been restated after dividends of £2,000 were declared in error.

1.3
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.4
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.

1.5
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:

Fixtures and fittings
33% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Coex Solutions Limited
COEX SOLUTIONS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 30 November 2024
1
Accounting policies
(Continued)
- 5 -
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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
Coex Solutions Limited
COEX SOLUTIONS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 30 November 2024
- 6 -
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 December 2023
2,049
Additions
1,691
Disposals
(264)
At 30 November 2024
3,476
Depreciation and impairment
At 1 December 2023
676
Depreciation charged in the year
916
At 30 November 2024
1,592
Carrying amount
At 30 November 2024
1,884
At 30 November 2023
1,373
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Corporation tax recoverable
377
377
Other debtors
67
-
0
444
377
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
-
0
69
Other creditors
3,562
3,250
Accruals and deferred income
500
-
0
4,062
3,319
Coex Solutions Limited
COEX SOLUTIONS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 30 November 2024
- 7 -
6
Prior period adjustment
Changes to the balance sheet
As previously reported
Adjustment
As restated at 30 Nov 2023
£
£
£
Creditors due within one year
Other creditors
(5,250)
2,000
(3,250)
Capital and reserves
Profit and loss reserves
(383)
2,000
1,617
Reconciliation of changes in equity
1 December
30 November
2022
2023
£
£
Adjustments to prior year
Restatement of dividends declared
-
2,000
Equity as previously reported
1,852
(382)
Equity as adjusted
1,852
1,618
Analysis of the effect upon equity
Profit and loss reserves
-
2,000
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