Company registration number 02367635 (England and Wales)
COTTAM AND BROOKES ENGINEERING CO. (1985) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
COTTAM AND BROOKES ENGINEERING CO. (1985) LIMITED
COMPANY INFORMATION
Directors
Mr J A Edmunds
Mr D E Davies
Company number
02367635
Registered office
First Avenue
Trecenydd
Caerphilly
CF83 2SD
Accountants
Xeinadin South Wales & West Limited
Suite 2d Building 1
Eastern Business Park
St Mellons
Cardiff
CF3 5EA
COTTAM AND BROOKES ENGINEERING CO. (1985) LIMITED
CONTENTS
Page
Directors' responsibilities statement
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
COTTAM AND BROOKES ENGINEERING CO. (1985) LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

COTTAM AND BROOKES ENGINEERING CO. (1985) LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
163,781
164,350
Current assets
Stocks
5
525,150
385,240
Debtors
6
358,853
161,468
Cash at bank and in hand
333,004
615,419
1,217,007
1,162,127
Creditors: amounts falling due within one year
7
(646,576)
(515,660)
Net current assets
570,431
646,467
Total assets less current liabilities
734,212
810,817
Creditors: amounts falling due after more than one year
8
(58,750)
(93,750)
Provisions for liabilities
(40,945)
(31,227)
Net assets
634,517
685,840
Capital and reserves
Called up share capital
16,666
33,332
Capital redemption reserve
33,332
16,666
Profit and loss reserves
584,519
635,842
Total equity
634,517
685,840
COTTAM AND BROOKES ENGINEERING CO. (1985) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 3 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 27 January 2026 and are signed on its behalf by:
Mr J A Edmunds
Director
Company registration number 02367635 (England and Wales)
COTTAM AND BROOKES ENGINEERING CO. (1985) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Company information

Cottam and Brookes Engineering Co. (1985) Limited is a private company limited by shares incorporated in England and Wales. The registered office is First Avenue, Trecenydd, Caerphilly, CF83 2SD.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
Straight line over 15 years
Plant and equipment
10% on cost
Computers
25% on reducing balance
Motor vehicles
25% on reducing balance
COTTAM AND BROOKES ENGINEERING CO. (1985) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

COTTAM AND BROOKES ENGINEERING CO. (1985) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
34
34
3
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
-
0
291
Deferred tax
Origination and reversal of timing differences
9,718
(7,347)
Total tax charge/(credit)
9,718
(7,056)
4
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2024
2,755
1,044,352
63,438
55,430
1,165,975
Additions
-
0
6,164
4,608
19,490
30,262
At 31 March 2025
2,755
1,050,516
68,046
74,920
1,196,237
Depreciation and impairment
At 1 April 2024
2,755
907,234
53,415
38,221
1,001,625
Depreciation charged in the year
-
0
23,330
2,792
4,709
30,831
At 31 March 2025
2,755
930,564
56,207
42,930
1,032,456
Carrying amount
At 31 March 2025
-
0
119,952
11,839
31,990
163,781
At 31 March 2024
-
0
137,118
10,023
17,209
164,350
COTTAM AND BROOKES ENGINEERING CO. (1985) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
5
Stocks
2025
2024
£
£
Stocks
525,150
385,240
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
288,572
124,323
Other debtors
47,732
16,123
Prepayments and accrued income
22,549
21,022
358,853
161,468
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
45,000
45,000
Trade creditors
248,480
117,135
Taxation and social security
63,499
33,041
Other creditors
289,597
320,484
646,576
515,660
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
48,750
93,750
Other creditors
10,000
-
0
58,750
93,750
9
Related party transactions

At the balance sheet date the company owed the directors £29,898 (2024 :31,604)

10
Ultimate controlling party

The company's ultimate controlling party is Mr Jeffrey Arthur Edmunds by virtue of their share capital in the company

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