REGISTERED NUMBER: 05214478 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Cotterill Drainage Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M A Adams

A C Cotterill

Mrs C E Adams

Mrs M L James

SECRETARY:

Mrs C E Adams

REGISTERED OFFICE:

Hermitage Farm

Grove Lane

Wishaw

Sutton Coldfield

West Midlands

B76 9QJ

REGISTERED NUMBER:

05214478 (England and Wales)

ACCOUNTANTS:

Gopsall Services Limited

First Floor

7 Marina Court

Maple Drive

Hinckley

LE10 3BF

FIXED ASSETS

Tangible assets

4

380,036

362,571

CURRENT ASSETS

Stocks

310,357

306,178

Debtors

5

1,360,687

1,706,579

Cash at bank and in hand

605,625

272,369

2,276,669

2,285,126

CREDITORS

Amounts falling due within one year

6

1,456,796

1,430,862

NET CURRENT ASSETS

819,873

854,264

TOTAL ASSETS LESS CURRENT LIABILITIES

1,199,909

1,216,835

CREDITORS

Amounts falling due after more than one year

7

(102,798

)

(257,591

)

PROVISIONS FOR LIABILITIES

(93,288

)

(88,635

)

NET ASSETS

1,003,823

870,609

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,003,723

870,509

SHAREHOLDERS' FUNDS

1,003,823

870,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2025 and were signed on its behalf by:

A C Cotterill - Director

1.	STATUTORY INFORMATION

Cotterill Drainage Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The directors assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at lease one year from the date of approval of the financial statements. The directors have concluded that there are no material uncertainties about the company's ability to continue as a going concern and they are satisfied that the company has adequate resources to continue to meet its liabilities as they fall due, and, therefore that it remains appropriate to continue to adopt the going concern basis of accounting in the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance, 15% on reducing balance and 10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

11,475

223,136

60,553

Additions

-

11,451

8,260

Disposals

-

(4,142

)

-

At 31 December 2024

11,475

230,445

68,813

DEPRECIATION

At 1 January 2024

3,443

57,603

23,938

Charge for year

1,147

17,031

3,959

Eliminated on disposal

-

(1,424

)

-

At 31 December 2024

4,590

73,210

27,897

NET BOOK VALUE

At 31 December 2024

6,885

157,235

40,916

At 31 December 2023

8,032

165,533

36,615

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

180,057

70,616

545,837

Additions

60,092

11,878

91,681

Disposals

(36,001

)

(1,041

)

(41,184

)

At 31 December 2024

204,148

81,453

596,334

DEPRECIATION

At 1 January 2024

50,826

47,456

183,266

Charge for year

23,238

9,068

54,443

Eliminated on disposal

(19,509

)

(478

)

(21,411

)

At 31 December 2024

54,555

56,046

216,298

NET BOOK VALUE

At 31 December 2024

149,593

25,407

380,036

At 31 December 2023

129,231

23,160

362,571

5.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

426,645

644,095

Other debtors

934,042

762,484

1,360,687

1,406,579

Amounts falling due after more than one year:

Amounts owed by group undertakings

-

300,000

Aggregate amounts

1,360,687

1,706,579

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

121,619

114,765

Hire purchase contracts

50,738

50,205

Trade creditors

890,516

1,127,848

Taxation and social security

277,600

106,876

Other creditors

116,323

31,168

1,456,796

1,430,862

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

27,131

148,750

Hire purchase contracts

75,667

108,841

102,798

257,591

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

148,750

263,515

Bank loans are secured by a fixed and floating charges over the company's property and undertakings.

Copies of the charges are filed at Companies House.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

A C Cotterill

Balance outstanding at start of year

-

305,409

Amounts advanced

82,906

-

Amounts repaid

(48,137

)

(305,409

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

34,769

-

Mrs C E Adams

Balance outstanding at start of year

-

6,583

Amounts repaid

-

(6,583

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Mrs M L James

Balance outstanding at start of year

-

6,479

Amounts repaid

-

(6,479

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Interest is charged on overdrawn balances at HMRC official rate.