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Registered number: 07798823
Cowley Oak Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2025
TaxAssist Gloucester & Cheltenham
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 07798823
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 20,309 24,413
20,309 24,413
CURRENT ASSETS
Stocks 6 5,000 5,000
Debtors 7 642,312 582,834
Cash at bank and in hand 295,262 344,480
942,574 932,314
Creditors: Amounts Falling Due Within One Year 8 (114,495 ) (150,846 )
NET CURRENT ASSETS (LIABILITIES) 828,079 781,468
TOTAL ASSETS LESS CURRENT LIABILITIES 848,388 805,881
Creditors: Amounts Falling Due After More Than One Year 9 (5,609 ) (13,334 )
NET ASSETS 842,779 792,547
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 842,679 792,447
SHAREHOLDERS' FUNDS 842,779 792,547
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For the year ending 31 October 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Theodore Jordan
Director
21/04/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cowley Oak Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07798823 . The registered office is Perryway Cottage, Cowley, Cheltenham, Gloucestershire, GL53 9NN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% SL
Motor Vehicles 25% SL
Computer Equipment 25% SL
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2024 8,500
As at 31 October 2025 8,500
Amortisation
As at 1 November 2024 8,500
As at 31 October 2025 8,500
Net Book Value
As at 31 October 2025 -
As at 1 November 2024 -
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5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2024 4,051 55,030 5,062 64,143
Additions 568 12,282 582 13,432
Disposals - (13,345 ) - (13,345 )
As at 31 October 2025 4,619 53,967 5,644 64,230
Depreciation
As at 1 November 2024 3,191 32,706 3,833 39,730
Provided during the period 504 16,397 635 17,536
Disposals - (13,345 ) - (13,345 )
As at 31 October 2025 3,695 35,758 4,468 43,921
Net Book Value
As at 31 October 2025 924 18,209 1,176 20,309
As at 1 November 2024 860 22,324 1,229 24,413
6. Stocks
2025 2024
£ £
Work in progress 5,000 5,000
7. Debtors
2025 2024
£ £
Due within one year
Other debtors (2) 1,142 2,822
VAT 7,414 8,718
Other taxes and social security 555 -
Directors' loan accounts - 16,165
Amounts owed by joint-ventures 633,201 555,129
642,312 582,834
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 12,600 8,990
Trade creditors 3,125 10,514
Bank loans and overdrafts 27,573 17,055
Corporation tax 52,256 92,265
Other taxes and social security - 933
Pension Liability (1) 157 137
Accruals and deferred income 18,784 20,952
114,495 150,846
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 5,609 13,334
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 12,600 8,990
Later than one year and not later than five years 5,609 13,334
18,209 22,324
18,209 22,324
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2024 Amounts advanced Amounts repaid Amounts written off As at 31 October 2025
£ £ £ £ £
Mr Theodore Jordan 8,745 - 8,745 - -
Mrs Lucy Jordan 8,745 - 8,745 - -
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
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Page 7
2025 2024
£ £
Mr Theodore Jordan - 45,821
Mrs Lucy Jordan - 45,821
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