Cuckoo Brow Limited


Director	DENBY, Peter Jonathan


Registered Address	6 Station Road
	Hest Bank
	Lancaster
	LA2 6HP


Registered Number	07271720 (England and Wales)

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

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

	Basis of preparation
	The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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 rendering of services. 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.

Turnover policy

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 rendering of services.

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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Intangible assets
	Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured a t cost less accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. if a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets’; residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income. Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets’; residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income.

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Fixtures and fittings	20	-
Office Equipment	-	6.67

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of financial position, inventories are assessed for impairment. If inventory is impaired, the carrying amount is reduced to its selling price less costs to completed the sale. The impairment loss is recognised immediately in the Statement of Earnings.

Stocks and work in progress

Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

At each date of Statement of financial position, inventories are assessed for impairment.  If inventory is impaired, the carrying amount is reduced to its selling price less costs to completed the sale.  The impairment loss is recognised immediately in the Statement of Earnings.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other 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.

	Financial instruments
	The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares

2.	Average number of employees


		2024		2023
	Average number of employees during the year	12		13

3.	Intangible assets

	Goodwill	Other	Total
	£	£	£
Cost or valuation
At 01 January 24	240,000	5,000	245,000
At 31 December 24	240,000	5,000	245,000
Amortisation and impairment
At 01 January 24	240,000	1,500	241,500
Charge for year	-	1,000	1,000
At 31 December 24	240,000	2,500	242,500
Net book value
At 31 December 24	-	2,500	2,500
At 31 December 23	-	3,500	3,500

4.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 24	1,469,039	113,376	45,733	1,628,148
Additions	-	47,728	-	47,728
At 31 December 24	1,469,039	161,104	45,733	1,675,876
Depreciation and impairment
At 01 January 24	365,012	13,993	43,425	422,430
Charge for year	29,381	22,472	459	52,312
At 31 December 24	394,393	36,465	43,884	474,742
Net book value
At 31 December 24	1,074,646	124,639	1,849	1,201,134
At 31 December 23	1,104,027	99,383	2,308	1,205,718

5.	Stocks

	2024	2023
	£	£
Raw materials and consumables	12,166	16,820
Total	12,166	16,820

6.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	2,699	2,527
Amounts owed by group undertakings	758,158	697,231
Other debtors	7,381	15,369
Prepayments and accrued income	5,259	10,633
Total	773,497	725,760

7.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	52,153	48,679
Bank borrowings and overdrafts	45,788	50,419
Amounts owed to related parties	283,362	231,079
Taxation and social security	63,901	54,411
Other creditors	17,538	10,382
Accrued liabilities and deferred income	73,032	19,268
Total	535,774	414,238


	Bank loans are secured by a fixed and floating charge over the company's assets.

8.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	844,529	880,833
Total	844,529	880,833


	Bank loans and overdrafts are secured by a fixed and floating charge over the companies assets. Bank loans outstanding at the end of the year include instalments due after more than 5 years of £750,000 (2023 - £750,000)

9.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	62,950	50,752
Total	62,950	50,752

10.	Pension commitments
	The pension cost charge represents contributions payable by the company to the fund and amounted to £7,461 (2023 - £3,869).

11.	Parent-subsidiary relationships
	As part of a small group, this company is exempt from producing group accounts. These accounts are for this company alone. The ultimate parent undertaking is CB Holdings (NW) Limited, a company registered in England and Wales, company number 10871319.

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		2,500		3,500
Tangible assets	4		1,201,134		1,205,718
			1,203,634		1,209,218
Current assets
Stocks	5	12,166		16,820
Debtors	6	773,497		725,760
Cash at bank and on hand		21,287		746
		806,950		743,326
Creditors amounts falling due within one year	7	(535,774)		(414,238)
Net current assets (liabilities)			271,176		329,088
Total assets less current liabilities			1,474,810		1,538,306
Creditors amounts falling due after one year	8		(844,529)		(880,833)
Provisions for liabilities	9		(62,950)		(50,752)
Net assets			567,331		606,721
Capital and reserves
Called up share capital			100		100
Profit and loss account			567,231		606,621
Shareholders' funds			567,331		606,721