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Registered number: 12368553
Cottage (Nw) Ltd
Financial Statements
For The Year Ended 31 December 2024
Roy & Co
Chartered Certified Accountants
139 Wilbraham Road
Manchester
M14 7DS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12368553
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,577 19,502
16,577 19,502
CURRENT ASSETS
Stocks 5 3,460 3,780
Cash at bank and in hand 11,850 12,602
15,310 16,382
Creditors: Amounts Falling Due Within One Year 6 (22,397 ) (18,030 )
NET CURRENT ASSETS (LIABILITIES) (7,087 ) (1,648 )
TOTAL ASSETS LESS CURRENT LIABILITIES 9,490 17,854
Creditors: Amounts Falling Due After More Than One Year 7 (17,602 ) (27,235 )
NET LIABILITIES (8,112 ) (9,381 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (8,113 ) (9,382 )
SHAREHOLDERS' FUNDS (8,112) (9,381)
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr MST RUSNA BEGUM
Director
30 September 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cottage (Nw) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12368553 . The registered office is 139 Wilbraham Road, Manchester, M14 7DS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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 is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 0
Fixtures & Fittings 15%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
4Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2024 30,795
As at 31 December 2024 30,795
Depreciation
As at 1 January 2024 11,293
Provided during the period 2,925
As at 31 December 2024 14,218
...CONTINUED
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Page 4
Net Book Value
As at 31 December 2024 16,577
As at 1 January 2024 19,502
5. Stocks
2024 2023
£ £
Materials 3,460 3,780
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
VAT 16,702 12,464
Accruals and deferred income 5,695 5,566
22,397 18,030
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 17,602 27,235
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4