Registered number
09469851
COUSINS OF TWICKENHAM LIMITED
Filleted Accounts
31 March 2024
COUSINS OF TWICKENHAM LIMITED
Registered number: 09469851
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 10,000
Tangible assets 4 - 12,788
- 22,788
Current assets
Stocks - 115
Debtors 5 31,213 31,213
Cash in hand - 358
31,213 31,686
Creditors: amounts falling due within one year 6 (37,793) (37,049)
Net current liabilities (6,580) (5,363)
Total assets less current liabilities (6,580) 17,425
Creditors: amounts falling due after more than one year 7 (42,858) (49,746)
Net liabilities (49,438) (32,321)
Capital and reserves
Called up share capital 100 100
Profit and loss account (49,538) (32,421)
Shareholder's funds (49,438) (32,321)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Tate
Director
Approved by the board on 22 August 2025
COUSINS OF TWICKENHAM LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 50,000
At 31 March 2024 50,000
Amortisation
At 1 April 2023 40,000
Provided during the year 10,000
At 31 March 2024 50,000
Net book value
At 31 March 2024 -
At 31 March 2023 10,000
Goodwill has being written off on cessation of trading.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 1,970 16,145 18,115
Disposals (1,970) (16,145) (18,115)
At 31 March 2024 - - -
Depreciation
At 1 April 2023 1,291 4,036 5,327
Charge for the year (1,291) - (1,291)
On disposals - (4,036) (4,036)
At 31 March 2024 - - -
Net book value
At 31 March 2024 - - -
At 31 March 2023 679 12,109 12,788
5 Debtors 2024 2023
£ £
Other debtors 31,213 31,213
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 14,215 15,824
Obligations under finance lease and hire purchase contracts - 2,229
Corporation tax 1,957 1,957
Other taxes and social security costs - 2,559
Directors loan account 18,879 10,080
Other creditors 2,742 4,400
37,793 37,049
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 42,858 41,945
Obligations under finance lease and hire purchase contracts - 7,801
42,858 49,746
8 Controlling party
Throught out this and the previous year the company has been under the control of Mr P Tate, a director and shareholder.
9 Other information
Cousins of Twickenham is a private company limited by shares and incorporated in England. Its registered office is:
Dawes Court House
Dawes Court
High Street
Esher
Surrey KT10 9QD
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