REGISTERED NUMBER: 05882589 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

A P Cottle and Son Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A P Cottle

Mrs H A Cottle

SECRETARY:

Mrs H A Cottle

REGISTERED OFFICE:

Metherell Gard

Burn View

Bude

Cornwall

EX23 8BX

REGISTERED NUMBER:

05882589 (England and Wales)

ACCOUNTANTS:

Metherell Gard Ltd

Chartered Accountants

Burn View

Bude

Cornwall

EX23 8BX

FIXED ASSETS

Intangible assets

4

3,542

6,042

Tangible assets

5

57,320

53,561

60,862

59,603

CURRENT ASSETS

Stocks

841

817

Debtors

139,450

147,117

Cash at bank

442

2,936

140,733

150,870

CREDITORS

Amounts falling due within one year

108,272

114,883

NET CURRENT ASSETS

32,461

35,987

TOTAL ASSETS LESS CURRENT LIABILITIES

93,323

95,590

CREDITORS

Amounts falling due after more than one year

(16,288

)

(12,305

)

PROVISIONS FOR LIABILITIES

(8,800

)

(7,800

)

NET ASSETS

68,235

75,485

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

67,235

74,485

SHAREHOLDERS' FUNDS

68,235

75,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 2 November 2025 and were signed on its behalf by:

A P Cottle - Director

1.	STATUTORY INFORMATION

A P Cottle and Son 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.

Turnover

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

Sale of goods

Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is probable that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Rendering of services

Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Improvements to property - Straight line over 15 years

Plant and machinery etc - Straight line over 15 years or 25% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

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.

Financial instruments

All financial instruments are recognised initially at transaction price excluding transaction costs and subsequently at amortised cost. These include cash at bank, trade and other debtors and trade and other creditors.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account and in other administrative expenses.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

50,000

AMORTISATION

At 1 April 2024

43,958

Amortisation for year

2,500

At 31 March 2025

46,458

NET BOOK VALUE

At 31 March 2025

3,542

At 31 March 2024

6,042

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

192,085

Additions

20,515

Disposals

(2,950

)

At 31 March 2025

209,650

DEPRECIATION

At 1 April 2024

138,524

Charge for year

15,562

Eliminated on disposal

(1,756

)

At 31 March 2025

152,330

NET BOOK VALUE

At 31 March 2025

57,320

At 31 March 2024

53,561

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

Totals

£

COST

At 1 April 2024

16,995

Additions

14,495

At 31 March 2025

31,490

DEPRECIATION

At 1 April 2024

360

Charge for year

7,782

At 31 March 2025

8,142

NET BOOK VALUE

At 31 March 2025

23,348

At 31 March 2024

16,635

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

23,011

15,394

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

A P Cottle and Mrs H A Cottle

Balance outstanding at start of year

31,483

-

Amounts advanced

15,352

31,483

Amounts repaid

(31,483

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

15,352

31,483

The loan is repayable on demand and interest has been charged at the official rate of interest