REGISTERED NUMBER: 06760773 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Cooper Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr L A Cooper

Mr J Cooper

Mrs S D Jackson

Mrs D Cooper

REGISTERED OFFICE:

40 St James Buildings

St James Street

Taunton

Somerset

TA1 1JR

REGISTERED NUMBER:

06760773 (England and Wales)

ACCOUNTANTS:

A C Mole LLP

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

FIXED ASSETS

Tangible assets

4

11,357

6,613

CURRENT ASSETS

Debtors

5

368,670

343,535

Cash at bank

574,361

520,898

943,031

864,433

CREDITORS

Amounts falling due within one year

6

797,930

706,472

NET CURRENT ASSETS

145,101

157,961

TOTAL ASSETS LESS CURRENT LIABILITIES

156,458

164,574

PROVISIONS FOR LIABILITIES

2,839

1,351

NET ASSETS

153,619

163,223

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

153,519

163,123

SHAREHOLDERS' FUNDS

153,619

163,223

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

Mrs D Cooper - Director

1.	STATUTORY INFORMATION

Cooper Associates 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.

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.

Key accounting judgements and sources of estimation uncertainty

In the application of the company’s accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key estimates that have a significant effect on the amounts recognised in the financial statements are described below.

Management estimates commission receivable based on confirmed transactions and pending referrals. Similarly, commission payable is estimated using agreed contractual rates and expected settlement amounts derived from internal records.

Other debtors includes an estimate of commission owed to the company in respect of services provided to the balance sheet date. The carrying amount is £250,000 (2023: £170,000).

Accruals includes an estimate of commissions payable to advisers in respect of amounts due to the company at the balance sheet date. The carrying amount is £137,500 (2023: £93,500).

Turnover

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

Commission income and expenses are recognised based on the company's assessment of when services have been rendered and when entitlement to income or obligation to pay arises. In certain cases, particularly near the year-end, commission receivable and payable are based on estimates where final values are subject to confirmation

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors together with loans from related parties.

Debt instruments, such as trade debtors and creditors and intercompany balances, are initially measured at transaction price and subsequently measured at amortised cost.

Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

11,326

9,670

20,996

Additions

-

8,072

8,072

At 31 December 2024

11,326

17,742

29,068

DEPRECIATION

At 1 January 2024

10,604

3,779

14,383

Charge for year

144

3,184

3,328

At 31 December 2024

10,748

6,963

17,711

NET BOOK VALUE

At 31 December 2024

578

10,779

11,357

At 31 December 2023

722

5,891

6,613

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

111,606

155,191

Other debtors

250,000

182,647

Prepayments

7,064

5,697

368,670

343,535

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

615,324

563,781

Tax

11,254

-

Social security and other taxes

13,661

10,336

Other creditors

4,101

3,555

Accruals and deferred income

153,590

128,800

797,930

706,472

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary shares of £1 each

1

100

100