Cottam Brush Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00418167

Cottam Brush Limited

Filleted Unaudited Financial Statements

31 July 2025

Cottam Brush Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Cottam Brush Limited

Year ended 31 July 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cottam Brush Limited for the year ended 31 July 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Cottam Brush Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Cottam Brush Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cottam Brush Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cottam Brush Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Cottam Brush Limited. You consider that Cottam Brush Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Cottam Brush Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

3S ACCOUNTANCY Chartered Accountants

5-8 Priestgate Darlington DL1 1NL

28 April 2026

Cottam Brush Limited

Statement of Financial Position

31 July 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	269,231	288,206
Investments	6	222	222
		---------	---------
		269,453	288,428

Current assets

Stocks		443,036	604,407
Debtors	7	511,059	823,592
Cash at bank and in hand		241,810	234,110
		------------	------------
		1,195,905	1,662,109

Creditors: amounts falling due within one year	8	203,607	317,798
		------------	------------
Net current assets		992,298	1,344,311
		------------	------------
Total assets less current liabilities		1,261,751	1,632,739

Creditors: amounts falling due after more than one year	9	9,518	–

Provisions	10	2,995	19,777
		------------	------------
Net assets		1,249,238	1,612,962
		------------	------------

Capital and reserves

Called up share capital	88,500	88,500
Capital redemption reserve	11,500	11,500
Profit and loss account	1,149,238	1,512,962
	------------	------------
Shareholders funds	1,249,238	1,612,962
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Directors' responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

Cottam Brush Limited

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 28 April 2026 , and are signed on behalf of the board by:

Mr A Crook

Director

Company registration number: 00418167

Cottam Brush Limited

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 7, Monkton Business Park North, Hebburn, Tyne and Wear, NE31 2JZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Corporation tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Short leasehold property	-	Over 15 years
Plant and machinery	-	20% - 33% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Government grants

Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 19 (2024: 19 ).

5. Tangible assets

	Short leasehold property	Plant and machinery	Total
	£	£	£
Cost
At 1 August 2024	965,889	1,129,484	2,095,373
Additions	–	51,541	51,541
	---------	------------	------------
At 31 July 2025	965,889	1,181,025	2,146,914
	---------	------------	------------
Depreciation
At 1 August 2024	800,923	1,006,244	1,807,167
Charge for the year	20,621	49,895	70,516
	---------	------------	------------
At 31 July 2025	821,544	1,056,139	1,877,683
	---------	------------	------------
Carrying amount
At 31 July 2025	144,345	124,886	269,231
	---------	------------	------------
At 31 July 2024	164,966	123,240	288,206
	---------	------------	------------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Plant and machinery
	£
At 31 July 2025	13,436
	--------
At 31 July 2024	–
	--------

6. Investments

	Other investments other than loans
	£
Cost
At 1 August 2024 and 31 July 2025	610
	----
Impairment
At 1 August 2024 and 31 July 2025	388
	----

Carrying amount
At 31 July 2025	222
	----
At 31 July 2024	222
	----

7. Debtors

	2025	2024
	£	£
Trade debtors	305,788	419,845
Amounts owed by group undertakings and undertakings in which the company has a participating interest	17,953	135,939
Other debtors	187,318	267,808
	---------	---------
	511,059	823,592
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	77,430	169,264
Social security and other taxes	62,277	91,630
Other creditors	63,900	56,904
	---------	---------
	203,607	317,798
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	9,518	–
	-------	----

10. Provisions

	Deferred tax
	£
At 1 August 2024	19,777
Charge against provision	( 16,782)
	--------
At 31 July 2025	2,995
	--------

11. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	105,000	105,000
Later than 1 year and not later than 5 years	420,000	420,000
Later than 5 years	210,000	315,000
	---------	---------
	735,000	840,000
	---------	---------

12. Charges on assets

Creditors includes amounts relating to hire purchase agreements of £16,254 which are secured on the assets acquired.

13. Related party transactions

During the year management charges of £72,526 (2024: £74,947) were received from Cottam Investments Limited, the parent company. The amount outstanding from Cottam Investments Limited at the year end was £14,732 (2024: £55,776). Management charges of £nil (2024: £nil) were received from Croglin Limited, a participating interest. The amount outstanding from Croglin Limited at the year end was £2,253 (2024: £78,226). Croglin Limited entered administration in March 2026. Management charges of £9,685 (2024: £7,264) were received from Talking Works Limited, a group company. The amount outstanding was £968 (2024: £1,937).