Cobs & Co Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07853779 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 26 NOVEMBER 2024

FOR

COBS & CO LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms R Cobley

Mrs S J Cobley

SECRETARY:

REGISTERED OFFICE:

14 Lamb Lane

Killay

Swansea

SA2 7ES

REGISTERED NUMBER:

07853779 (England and Wales)

ACCOUNTANTS:

Roger Byers & Co. Limited

Castle Buildings

23 Church Place

Neath

SA11 3LP

FIXED ASSETS

Intangible assets

4

26,605

28,005

Tangible assets

5

58,908

62,506

85,513

90,511

CURRENT ASSETS

Stocks

21,350

19,000

Debtors

6

26,761

Cash at bank and in hand

46,423

42,966

94,534

88,727

CREDITORS

Amounts falling due within one year

7

(68,000

)

(53,722

)

NET CURRENT ASSETS

26,534

35,005

TOTAL ASSETS LESS CURRENT
LIABILITIES

112,047

125,516

CAPITAL AND RESERVES

Called up share capital

8

1

Retained earnings

112,046

125,515

SHAREHOLDERS' FUNDS

112,047

125,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 26 November 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 18 November 2025 and were signed on its behalf by:

R J Cobley - Director

1.	STATUTORY INFORMATION

Cobs & Co 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty five years.

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.

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.

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 14 (2023 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 27 November 2023

and 26 November 2024

49,450

AMORTISATION

At 27 November 2023

21,445

Charge for year

1,400

At 26 November 2024

22,845

NET BOOK VALUE

At 26 November 2024

26,605

At 26 November 2023

28,005

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 27 November 2023

and 26 November 2024

26,524

91,025

117,549

DEPRECIATION

At 27 November 2023

-

55,043

Charge for year

-

3,598

At 26 November 2024

-

58,641

NET BOOK VALUE

At 26 November 2024

26,524

32,384

58,908

At 26 November 2023

26,524

35,982

62,506

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Other debtors

26,761

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

3,800

3,200

Taxation and social security

25,275

26,866

Other creditors

38,925

23,656

68,000

53,722

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

1

Ordinary

1