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Company Registration No. 12610956 (England and Wales)
COBAIN IT SOLUTIONS LTD Unaudited accounts for the year ended 31 May 2025
COBAIN IT SOLUTIONS LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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COBAIN IT SOLUTIONS LTD Company Information for the year ended 31 May 2025
Director
James Marc Cobain
Company Number
12610956 (England and Wales)
Registered Office
4 KING STREET SPENNYMOOR DL16 6QG ENGLAND
Accountants
Fresh Business Solutions Limited 4 King Street Spennymoor Durham DL16 6QG
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COBAIN IT SOLUTIONS LTD Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
17,024
20,313
Current assets
Cash at bank and in hand
26,831
23,945
Creditors: amounts falling due within one year
5
(10,512)
(11,535)
Net current assets
16,319
12,410
Net assets
33,343
32,723
Capital and reserves
Profit and loss account
33,343
32,723
Shareholders' funds
33,343
32,723
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 October 2025 and were signed on its behalf by
James Marc Cobain Director Company Registration No. 12610956
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COBAIN IT SOLUTIONS LTD Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
COBAIN IT SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 12610956. The registered office is 4 KING STREET, SPENNYMOOR, DL16 6QG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
15% RB
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 June 2024
9,800
15,169
24,969
At 31 May 2025
9,800
15,169
24,969
Depreciation
At 1 June 2024
980
3,676
4,656
Charge for the year
1,323
1,966
3,289
At 31 May 2025
2,303
5,642
7,945
Net book value
At 31 May 2025
7,497
9,527
17,024
At 31 May 2024
8,820
11,493
20,313
5
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
6,567
7,711
Taxes and social security
3,808
3,327
Loans from directors
137
497
10,512
11,535
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COBAIN IT SOLUTIONS LTD Notes to the Accounts for the year ended 31 May 2025
6
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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