Geo. Cooper & Sons (Pickering) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00257958 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Geo. Cooper & Sons (Pickering) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C M Cooper

M J Cooper

Mrs V J Brown

REGISTERED OFFICE:

Drill Hall

Southgate

Pickering

North Yorkshire

YO18 8BL

REGISTERED NUMBER:

00257958 (England and Wales)

ACCOUNTANTS:

Hardcastle France

Chartered Accountants

30 Yorkersgate

Malton

North Yorkshire

YO17 7AW

FIXED ASSETS

Tangible assets

4

317,900

327,169

Investment property

5

750,000

1,067,900

1,077,169

CURRENT ASSETS

Stocks

273,871

275,283

Debtors

6

33,550

20,863

Cash at bank and in hand

6,213

12,077

313,634

308,223

CREDITORS

Amounts falling due within one year

7

805,407

752,123

NET CURRENT LIABILITIES

(491,773

)

(443,900

)

TOTAL ASSETS LESS CURRENT LIABILITIES

576,127

633,269

CREDITORS

Amounts falling due after more than one
year

8

(46,693

)

(62,970

)

PROVISIONS FOR LIABILITIES

(18,113

)

(19,201

)

NET ASSETS

511,321

551,098

CAPITAL AND RESERVES

Called up share capital

10

6,000

Retained earnings - not distributable

413,084

Retained earnings

92,237

132,014

SHAREHOLDERS' FUNDS

511,321

551,098

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

C M Cooper - Director

1.	STATUTORY INFORMATION

Geo. Cooper & Sons (Pickering) 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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Freehold buildings - 2% Straight line or £NIL

Fixtures and fittings - 7.5% Reducing balance

Office furniture and equipment - 10% Reducing balance

Motor vehicles - 25% Reducing balance

Depreciation has not been provided for on all the freehold property. The directors believe that the value of depreciation chargeable would not be material because the property has a long economic life. The company has a policy of regular maintenance and repair, which is charged to the profit and loss account, such that the previous standard of performance is maintained.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stock is valued at the lower of cost or 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 Statement of Income and Retained Earnings, 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

Contributions in respect of the company's defined contribution pension scheme are charged to the Profit and Loss Account for the year in which they are payable to the scheme.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2024

and 31 March 2025

387,650

238,078

625,728

DEPRECIATION

At 1 April 2024

112,663

185,896

298,559

Charge for year

2,865

6,404

9,269

At 31 March 2025

115,528

192,300

307,828

NET BOOK VALUE

At 31 March 2025

272,122

45,778

317,900

At 31 March 2024

274,987

52,182

327,169

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

750,000

NET BOOK VALUE

At 31 March 2025

750,000

At 31 March 2024

750,000

The investment properties were revalued as at 31 March 2025 by the directors of the company. The cost of the investment properties was £358,516.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

12,285

9,162

Prepayments and accrued income

21,265

11,701

33,550

20,863

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

39,389

40,184

Other loans

267,792

245,923

Trade creditors

135,137

119,112

Tax

6,704

7,503

Social security and other taxes

7,963

11,594

VAT

6,869

8,932

Other creditors

35,144

30,296

Directors' current accounts

290,511

278,339

Accruals and deferred income

5,826

-

Accrued expenses

10,072

10,240

805,407

752,123

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loan 1-2 years

19,081

Bank loans - 2-5 years

16,237

26,440

Bank loans more than 5 years by
instalments

11,375

17,449

46,693

62,970

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years by
instalments

11,375

17,449

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank overdrafts

20,308

21,103

Bank loans

65,774

82,051

86,082

103,154

An amount of £53,537 of the bank loans total and all of the overdraft are secured on the assets of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

6,000

Ordinary

£1

6,000

11.	RELATED PARTY DISCLOSURES

At 31 March 2025 the company owed £290,511 to the directors (2024: £278,338). The company also owed £267,792 (2024: £245,922) to two shareholders who are close relatives of the directors. Interest has been charged to the company at a commercial rate in respect of the directors' loans. The loans are repayable on demand and classified in creditors due within one year.