Codsall Cobblers Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03162521

CODSALL COBBLERS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

28 February 2026

CODSALL COBBLERS LIMITED

STATEMENT OF FINANCIAL POSITION

28 February 2026

	2026		2025
Note	£	£	£

CURRENT ASSETS

Stocks		11,500	13,000
Debtors	6	1,001	1,238
Cash at bank and in hand		11	1,764
		--------	--------
		12,512	16,002

CREDITORS: amounts falling due within one year	7	11,928		11,544
		--------		--------
NET CURRENT ASSETS			584	4,458
			----	-------
TOTAL ASSETS LESS CURRENT LIABILITIES			584	4,458

CREDITORS: amounts falling due after more than one year	8	–	2,681
		----	-------
NET ASSETS		584	1,777
		----	-------

CAPITAL AND RESERVES

Called up share capital	9	2	2
Profit and loss account		582	1,775
		----	-------
SHAREHOLDERS FUNDS		584	1,777
		----	-------

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 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 8 June 2026 , and are signed on behalf of the board by:

Mr L B Walker-Kukan
Director

Company registration number: 03162521

CODSALL COBBLERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

Year ended 28 February 2026

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3rd Floor, Regents House, Bath Avenue, Wolverhampton, WV1 4EG.. The trading address is 1A Birches Bridge, Wolverhampton Road, Codsall, Wolverhampton, WV8 1PE.

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 and investment properties 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

The turnover shown in the profit and loss account represents the amounts sold during the year.

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:

Plant and machinery	-	15% straight line
Fixtures and fittings	-	15% straight line

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 1 (2025: 1 ).

5. TANGIBLE ASSETS

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
At 1 March 2025 and 28 February 2026	11,192	3,962	15,154
	--------	-------	--------
Depreciation
At 1 March 2025 and 28 February 2026	11,192	3,962	15,154
	--------	-------	--------
Carrying amount
At 28 February 2026	–	–	–
	--------	-------	--------
At 28 February 2025	–	–	–
	--------	-------	--------

6. DEBTORS

	2026	2025
	£	£
Other debtors	1,001	1,238
	-------	-------

7. CREDITORS: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	2,681	2,863
Corporation tax	3,006	2,764
Social security and other taxes	–	177
Other creditors	6,241	5,740
	--------	--------
	11,928	11,544
	--------	--------

8. CREDITORS: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	–	2,681
	----	-------

9. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	2	2	2	2
	----	----	----	----

10. OPERATING LEASES

As lessee

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

	2026	2025
	£	£
Not later than 1 year	27,084	32,500
Later than 1 year and not later than 5 years	–	27,084
	--------	--------
	27,084	59,584
	--------	--------

As lessor

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

	2026	2025
	£	£
Not later than 1 year	20,084	24,100
Later than 1 year and not later than 5 years	–	20,084
	--------	--------
	20,084	44,184
	--------	--------

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director entered into the following advances and credits with the company:

	2026
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr L B Walker-Kukan	–	9,529	( 9,529)	–
	----	-------	-------	----

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr L B Walker-Kukan	–	10,775	( 10,775)	–
	----	--------	--------	----

The advances are repayable on demand. No interest is charged .