IRIS Accounts Production v25.3.0.601 08206999 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 08206999 2023-12-31 08206999 2024-12-31 08206999 2024-01-01 2024-12-31 08206999 2022-12-31 08206999 2023-01-01 2023-12-31 08206999 2023-12-31 08206999 ns15:EnglandWales 2024-01-01 2024-12-31 08206999 ns14:PoundSterling 2024-01-01 2024-12-31 08206999 ns10:Director1 2024-01-01 2024-12-31 08206999 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08206999 ns10:SmallEntities 2024-01-01 2024-12-31 08206999 ns10:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08206999 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 08206999 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08206999 ns10:FullAccounts 2024-01-01 2024-12-31 08206999 1 2024-01-01 2024-12-31 08206999 ns10:Director2 2024-01-01 2024-12-31 08206999 ns10:CompanySecretary1 2024-01-01 2024-12-31 08206999 ns10:RegisteredOffice 2024-01-01 2024-12-31 08206999 ns5:CurrentFinancialInstruments 2024-12-31 08206999 ns5:CurrentFinancialInstruments 2023-12-31 08206999 ns5:Non-currentFinancialInstruments 2024-12-31 08206999 ns5:Non-currentFinancialInstruments 2023-12-31 08206999 ns5:ShareCapital 2024-12-31 08206999 ns5:ShareCapital 2023-12-31 08206999 ns5:SharePremium 2024-12-31 08206999 ns5:SharePremium 2023-12-31 08206999 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 08206999 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 08206999 ns5:IntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 08206999 ns5:LandBuildings 2024-01-01 2024-12-31 08206999 ns5:PlantMachinery 2024-01-01 2024-12-31 08206999 ns5:NetGoodwill 2023-12-31 08206999 ns5:NetGoodwill 2024-12-31 08206999 ns5:NetGoodwill 2023-12-31 08206999 ns5:LandBuildings 2023-12-31 08206999 ns5:PlantMachinery 2023-12-31 08206999 ns5:LandBuildings 2024-12-31 08206999 ns5:PlantMachinery 2024-12-31 08206999 ns5:LandBuildings 2023-12-31 08206999 ns5:PlantMachinery 2023-12-31 08206999 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2023-12-31 08206999 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 08206999 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2024-12-31 08206999 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2023-12-31 08206999 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 08206999 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 08206999 ns5:Non-currentFinancialInstruments ns5:MoreThanFiveYears 2024-12-31 08206999 ns5:Non-currentFinancialInstruments ns5:MoreThanFiveYears 2023-12-31 08206999 ns5:Non-currentFinancialInstruments 2024-01-01 2024-12-31 08206999 ns5:Secured 2024-12-31 08206999 ns5:Secured 2023-12-31

REGISTERED NUMBER: 08206999 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

P. COATES (CUMBRIA) LTD

P. COATES (CUMBRIA) LTD (REGISTERED NUMBER: 08206999)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

P. COATES (CUMBRIA) LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST DECEMBER 2024

| DIRECTORS: | P Coates

| P Coates

| SECRETARY: | Mrs J Coates

| REGISTERED OFFICE: | Barrockend Farm

| Armathwaite

| Carlisle

| Cumbria

| CA4 9TQ

| REGISTERED NUMBER: | 08206999 (England and Wales)

| ACCOUNTANTS: | Ainsworths Limited

| Charter House

| Stansfield Street

| Nelson

| Lancashire

| BB9 9XY

P. COATES (CUMBRIA) LTD (REGISTERED NUMBER: 08206999)

BALANCE SHEET

31ST DECEMBER 2024

| 31.12.24 | 31.12.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 25,106 |  | 25,106 |  |

Tangible assets | 5 | 1,491,437 |  | 1,447,964 |  |

1,516,543 |  | 1,473,070 |  |

CURRENT ASSETS

Stocks | 516,508 |  | 477,570 |  |

Debtors | 6 | 47,670 |  | 49,303 |  |

Cash at bank and in hand | 12,102 |  | 2,315 |  |

576,280 |  | 529,188 |  |

CREDITORS

Amounts falling due within one year | 7 | 273,062 |  | 361,278 |  |

NET CURRENT ASSETS | 303,218 |  | 167,910 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,819,761 |  | 1,640,980 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (1,421,775 | ) | (1,275,569 | ) |

PROVISIONS FOR LIABILITIES | (67,686 | ) | (55,552 | ) |

ACCRUALS AND DEFERRED INCOME | (69,982 | ) | (71,735 | ) |

NET ASSETS | 260,318 |  | 238,124 |  |

CAPITAL AND RESERVES

Called up share capital | 75 |  | 75 |  |

Share premium | 96,482 |  | 96,482 |  |

Retained earnings | 163,761 |  | 141,567 |  |

SHAREHOLDERS' FUNDS | 260,318 |  | 238,124 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

P. COATES (CUMBRIA) LTD (REGISTERED NUMBER: 08206999)

BALANCE SHEET - continued

31ST DECEMBER 2024

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 8th October 2025 and were signed on its behalf by:

P Coates - Director

P. COATES (CUMBRIA) LTD (REGISTERED NUMBER: 08206999)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

1. | STATUTORY INFORMATION

| P. Coates (Cumbria) Ltd 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover represents net invoiced sales of goods and services, excluding value added tax.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Land and buildings | - | 2% on cost and Nil

| Plant and machinery etc | - | 25% on reducing balance and 10% on cost

| 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 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.

P. COATES (CUMBRIA) LTD (REGISTERED NUMBER: 08206999)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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 3 (2023 - 5 ) .

4. | INTANGIBLE FIXED ASSETS

| Basic

| payment

| scheme

| entitlement

£ |

| COST

| At 1st January 2024

| and 31st December 2024 | 25,106 |  |

| NET BOOK VALUE

| At 31st December 2024 | 25,106 |  |

| At 31st December 2023 | 25,106 |  |

P. COATES (CUMBRIA) LTD (REGISTERED NUMBER: 08206999)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1st January 2024 | 1,175,458 |  | 832,971 |  | 2,008,429 |  |

| Additions | - |  | 137,481 |  | 137,481 |  |

| Disposals | - |  | (16,900 | ) | (16,900 | ) |

| At 31st December 2024 | 1,175,458 |  | 953,552 |  | 2,129,010 |  |

| DEPRECIATION

| At 1st January 2024 | 48,403 |  | 512,062 |  | 560,465 |  |

| Charge for year | 3,225 |  | 83,890 |  | 87,115 |  |

| Eliminated on disposal | - |  | (10,007 | ) | (10,007 | ) |

| At 31st December 2024 | 51,628 |  | 585,945 |  | 637,573 |  |

| NET BOOK VALUE

| At 31st December 2024 | 1,123,830 |  | 367,607 |  | 1,491,437 |  |

| At 31st December 2023 | 1,127,055 |  | 320,909 |  | 1,447,964 |  |

| Cost or valuation at 31st December 2024 is represented by:

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| Valuation in 2023 | 1,175,458 |  | 816,071 |  | 1,991,529 |  |

| Cost | - |  | 137,481 |  | 137,481 |  |

1,175,458 |  | 953,552 |  | 2,129,010 |  |

P. COATES (CUMBRIA) LTD (REGISTERED NUMBER: 08206999)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

5. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

| etc

£ |

| COST OR VALUATION

| At 1st January 2024

| and 31st December 2024 | 122,117 |  |

| DEPRECIATION

| At 1st January 2024 | 55,706 |  |

| Charge for year | 11,784 |  |

| At 31st December 2024 | 67,490 |  |

| NET BOOK VALUE

| At 31st December 2024 | 54,627 |  |

| At 31st December 2023 | 66,411 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade debtors | 11,982 |  | 29,679 |  |

| Other debtors | 35,688 |  | 19,624 |  |

47,670 |  | 49,303 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Bank loans and overdrafts | 15,321 |  | 67,149 |  |

| Hire purchase contracts | 49,870 |  | 19,821 |  |

| Trade creditors | 132,149 |  | 121,626 |  |

| Taxation and social security | 1,375 |  | 15,043 |  |

| Other creditors | 74,347 |  | 137,639 |  |

273,062 |  | 361,278 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Bank loans | 356,810 |  | 264,248 |  |

| Hire purchase contracts | 73,614 |  | 14,284 |  |

| Other creditors | 991,351 |  | 997,037 |  |

1,421,775 |  | 1,275,569 |  |

P. COATES (CUMBRIA) LTD (REGISTERED NUMBER: 08206999)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

| 31.12.24 |  | 31.12.23

£ | £ |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Other loans | 979,475 |  | 979,475 |  |

| Repayable by instalments

| Bank loans | 322,219 |  | 214,350 |  |

| One of the directors has given a personal guarantee in respect of the other loans.

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.12.24 |  | 31.12.23

£ | £ |

| Bank overdraft | - |  | 50,325 |  |

| Hire purchase contracts | 123,484 |  | 34,105 |  |

| Bank loans | 353,099 |  | 252,012 |  |

476,583 |  | 336,442 |  |

| The bank overdraft and bank loans are secured by way of fixed and floating charges over the assets of the company, and by a personal guarantee of £341,000 from one of the directors.

| The hire purchase contracts are secured on the assets to which they relate.