Company Registration No. 09294207 (England and Wales)
COTTON COURT SERVICES LIMITED
Unaudited accounts
for the year ended 30 November 2024
COTTON COURT SERVICES LIMITED
Unaudited accounts
Contents
COTTON COURT SERVICES LIMITED
Company Information
for the year ended 30 November 2024
Company Number
09294207 (England and Wales)
Registered Office
Cotton Court
Church Street
Preston
PR1 3BY
Accountants
Stewart Advisory Limited
Cotton Court
Church Street
Preston
PR1 3BY
COTTON COURT SERVICES LIMITED
Statement of financial position
as at 30 November 2024
Tangible assets
1,234,090
1,184,570
Cash at bank and in hand
18,748
9,682
Creditors: amounts falling due within one year
(300,632)
(265,953)
Net current liabilities
(201,863)
(152,258)
Total assets less current liabilities
1,032,227
1,032,312
Creditors: amounts falling due after more than one year
(461,412)
(443,030)
Net assets
570,815
589,282
Called up share capital
1
1
Revaluation reserve
594,903
594,903
Profit and loss account
(24,089)
(5,622)
Shareholders' funds
570,815
589,282
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 28 August 2025 and were signed on its behalf by
Robert Binns
Director
Company Registration No. 09294207
COTTON COURT SERVICES LIMITED
Notes to the Accounts
for the year ended 30 November 2024
COTTON COURT SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09294207. The registered office is Cotton Court, Church Street, Preston, PR1 3BY.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost or valuation less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
25% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the income statement when due.
Expenditure on research and development is written off in the year in which it is incurred. Any research and development tax credit is credited to the income statement when received.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
COTTON COURT SERVICES LIMITED
Notes to the Accounts
for the year ended 30 November 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2023
1,250,000
24,801
5,000
19,365
1,299,166
Additions
-
-
87,078
-
87,078
At 30 November 2024
1,250,000
24,801
92,078
19,365
1,386,244
At 1 December 2023
86,767
18,878
4,110
4,841
114,596
Charge for the year
25,000
5,923
1,794
4,841
37,558
At 30 November 2024
111,767
24,801
5,904
9,682
152,154
At 30 November 2024
1,138,233
-
86,174
9,683
1,234,090
At 30 November 2023
1,163,233
5,923
890
14,524
1,184,570
Carrying amount of land and buildings on cost basis
-
568,330
The land and building have been revalued by the director to reflect the current estimate of market value.
Amounts falling due within one year
Trade debtors
49,372
83,303
Other debtors
30,649
20,710
COTTON COURT SERVICES LIMITED
Notes to the Accounts
for the year ended 30 November 2024
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
46,103
19,225
Obligations under finance leases and hire purchase contracts
13,103
-
Trade creditors
3,554
3,334
Taxes and social security
13,130
10,757
Other creditors
5,480
3,243
Loans from directors
128,194
129,151
Deferred income
22,567
38,320
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
396,437
443,030
Obligations under finance leases and hire purchase contracts
64,975
-
Aggregate of amounts that fall due for payment after five years
168,000
196,902
Within bank loans falling due within one year and after more than one year, an amount of £426,700 (2023: £436,415) is secured by a fixed charge on the freehold properties, by a fixed and floating charge on the current assets of the company and by a personal guarantee for £50,000 (2023: £50,000) from the director.
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Average number of employees
During the year the average number of employees was 6 (2023: 6).