Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08661287 A D Cook T W Cook iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08661287 2023-12-31 08661287 2024-12-31 08661287 2024-01-01 2024-12-31 08661287 frs-core:CurrentFinancialInstruments 2024-12-31 08661287 frs-core:Non-currentFinancialInstruments 2024-12-31 08661287 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08661287 frs-core:NetGoodwill 2024-01-01 2024-12-31 08661287 frs-core:MotorVehicles 2024-01-01 2024-12-31 08661287 frs-core:PlantMachinery 2024-12-31 08661287 frs-core:PlantMachinery 2024-01-01 2024-12-31 08661287 frs-core:PlantMachinery 2023-12-31 08661287 frs-core:ShareCapital 2024-12-31 08661287 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08661287 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08661287 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08661287 frs-bus:SmallEntities 2024-01-01 2024-12-31 08661287 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08661287 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08661287 frs-bus:Director1 2024-01-01 2024-12-31 08661287 frs-bus:Director2 2024-01-01 2024-12-31 08661287 frs-countries:EnglandWales 2024-01-01 2024-12-31 08661287 2022-12-31 08661287 2023-12-31 08661287 2023-01-01 2023-12-31 08661287 frs-core:CurrentFinancialInstruments 2023-12-31 08661287 frs-core:Non-currentFinancialInstruments 2023-12-31 08661287 frs-core:ShareCapital 2023-12-31 08661287 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08661287
Cook & Sons Motor Company Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08661287
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,319 7,849
6,319 7,849
CURRENT ASSETS
Stocks 5 376,798 332,075
Debtors 6 14,022 14,087
Cash at bank and in hand 47,467 43,084
438,287 389,246
Creditors: Amounts Falling Due Within One Year 7 (145,919 ) (104,236 )
NET CURRENT ASSETS (LIABILITIES) 292,368 285,010
TOTAL ASSETS LESS CURRENT LIABILITIES 298,687 292,859
Creditors: Amounts Falling Due After More Than One Year 8 (26,417 ) (31,528 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (330 ) (541 )
NET ASSETS 271,940 260,790
CAPITAL AND RESERVES
Called up share capital 132 102
Income Statement 271,808 260,688
SHAREHOLDERS' FUNDS 271,940 260,790
Page 1
Page 2
For the year ending 31 December 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
A D Cook
Director
T W Cook
Director
25 April 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cook & Sons Motor Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08661287 .
Principal place of business:
Unit 8 Ashburton Industrial Estate
Ross-on-Wye
Herefordshire
HR9 7BW

Registered address:
Suite 22, Stirling House
Centenary Pk, Skylon Central
Hereford
HR2 6FJ

The presentation currency is £ sterling.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight line
Motor Vehicles 20% Straight line
Computer Equipment 20% Straight line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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Page 4
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in the Income Statment for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 11)
12 11
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 January 2024 50,875
As at 31 December 2024 50,875
Depreciation
As at 1 January 2024 43,026
Provided during the period 1,530
As at 31 December 2024 44,556
Net Book Value
As at 31 December 2024 6,319
As at 1 January 2024 7,849
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Page 5
5. Stocks
2024 2023
£ £
Finished goods 376,798 332,075
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,986 2,748
Other debtors 11,036 11,339
14,022 14,087
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,721 13,266
Bank loans and overdrafts 25,628 20,164
Bounce Back Loan 5,111 5,111
Other creditors 27,605 10,479
Taxation and social security 78,854 55,216
145,919 104,236
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bounce Back Loan > 1 year 26,417 31,528
Page 5