REGISTERED NUMBER: 08389645 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

COTSWOLD MARKETS LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

DIRECTORS:

D Joynes

Mrs D Joynes

SECRETARY:

Mrs D Joynes

REGISTERED OFFICE:

Unit 11, Northcot Business Park

Station Road

Blockley

Moreton in Marsh

Gloucestershire

GL56 9LH

REGISTERED NUMBER:

08389645 (England and Wales)

ACCOUNTANT:

Sarah Garside FCA

6 Longway Avenue

Charlton Kings

Cheltenham

Gloucestershire

GL53 9JL

FIXED ASSETS

Intangible assets

4

40,000

40,000

Tangible assets

5

231,406

240,748

271,406

280,748

CURRENT ASSETS

Debtors

6

5,663

-

Cash at bank and in hand

1,304

5,011

6,967

5,011

CREDITORS

Amounts falling due within one year

7

145,432

154,798

NET CURRENT LIABILITIES

(138,465

)

(149,787

)

TOTAL ASSETS LESS CURRENT LIABILITIES

132,941

130,961

CREDITORS

Amounts falling due after more than one year

8

46,044

56,894

NET ASSETS

86,897

74,067

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

86,797

73,967

SHAREHOLDERS' FUNDS

86,897

74,067

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.

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 1 December 2025 and were signed on its behalf by:

D Joynes - Director

1.	STATUTORY INFORMATION

Cotswold Markets 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.

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 2014, is being amortised evenly over its estimated useful life of five years.

INTANGIBLE ASSETS -MORETON CHARTER

The Moreton in Marsh Charter was acquired lin 2023 and provides the rights to operate the Moreton in Marsh markets for an indefinite period.

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.

Plant and machinery etc

-

25% on cost, 20% on reducing balance and 15% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 April 2024

10,000

40,000

50,000

Disposals

(10,000

)

-

(10,000

)

At 31 March 2025

-

40,000

40,000

AMORTISATION

At 1 April 2024

10,000

-

10,000

Eliminated on disposal

(10,000

)

-

(10,000

)

At 31 March 2025

-

-

-

NET BOOK VALUE

At 31 March 2025

-

40,000

40,000

At 31 March 2024

-

40,000

40,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

464,536

Additions

63,581

Disposals

(29,970

)

At 31 March 2025

498,147

DEPRECIATION

At 1 April 2024

223,788

Charge for year

48,797

Eliminated on disposal

(5,844

)

At 31 March 2025

266,741

NET BOOK VALUE

At 31 March 2025

231,406

At 31 March 2024

240,748

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

Plant and

machinery

etc

£

COST

At 1 April 2024

152,153

Additions

34,990

Disposals

(26,970

)

At 31 March 2025

160,173

DEPRECIATION

At 1 April 2024

54,955

Charge for year

19,587

Eliminated on disposal

(5,394

)

At 31 March 2025

69,148

NET BOOK VALUE

At 31 March 2025

91,025

At 31 March 2024

97,198

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

2,232

-

Other debtors

3,431

-

5,663

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

23,762

21,656

Hire purchase contracts

25,785

26,983

Trade creditors

13,531

15,849

Taxation and social security

7,929

9,160

Other creditors

74,425

81,150

145,432

154,798

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,463

9,405

Hire purchase contracts

44,581

47,489

46,044

56,894

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

9,463

17,405

Hire purchase contracts

70,366

74,472

79,829

91,877

Hire purchase liabilities are secured on the underlying assets.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the Directors by virtue of their shareholding in the company.