K.a. De Cobain Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01159902 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

K.A. DE COBAIN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P E DeCobain

Mrs A DeCobain

SECRETARY:

Mrs A DeCobain

REGISTERED OFFICE:

88-90 Boothferry Road

Goole

East Yorkshire

DN14 6AE

REGISTERED NUMBER:

01159902 (England and Wales)

FIXED ASSETS

Intangible assets

4

1,472,452

Tangible assets

5

268,334

279,457

1,740,786

1,751,909

CURRENT ASSETS

Stocks

6

46,287

45,230

Debtors

7

31,436

31,417

Cash at bank and in hand

233,849

243,778

311,572

320,425

CREDITORS

Amounts falling due within one year

8

34,618

38,745

NET CURRENT ASSETS

276,954

281,680

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,017,740

2,033,589

PROVISIONS FOR LIABILITIES

35,762

37,432

NET ASSETS

1,981,978

1,996,157

CAPITAL AND RESERVES

Called up share capital

3,000

Revaluation reserve

9

16,034

Retained earnings

1,962,944

1,977,123

SHAREHOLDERS' FUNDS

1,981,978

1,996,157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2026 and were signed on its behalf by:

P E DeCobain - Director

1.	STATUTORY INFORMATION

K.a. De Cobain Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Goodwill represents the capitalisation of the intangible benefits of the customer rental asset base of the company which is being written off on a straight line basis over the period of 20 years subject to impairment reviews. The rental asset base of the company was capitalised in 2009.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Customer rental asset base

The asset base of the company in respect of its rental customers is divided into two distinct elements. The intangible element of the asset base represents the intrinsic value of the customer asset base and the rental income that is derived from this asset base on an ongoing basis over a fixed period of 18 months. The customer rental asset base is reviewed on an annual basis and any adjustment is made through the statement of recognised losses and gains.

The second element of the customer rental asset base is the physical stock of the assets held by the business. This is shown as a current asset within the stock on the balance and written off on a straight line basis over a period of 18 months.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

4% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

COST

At 1 December 2024

and 30 November 2025

21,109

1,472,452

1,493,561

AMORTISATION

At 1 December 2024

and 30 November 2025

21,109

-

21,109

NET BOOK VALUE

At 30 November 2025

-

1,472,452

At 30 November 2024

-

1,472,452

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

COST OR VALUATION

At 1 December 2024

116,667

676,683

129,837

923,187

Additions

-

13,574

18,578

32,152

Disposals

-

(36,477

)

(36,477

)

At 30 November 2025

116,667

690,257

111,938

918,862

DEPRECIATION

At 1 December 2024

34,222

527,165

82,343

643,730

Charge for year

2,333

22,847

11,873

37,053

Eliminated on disposal

-

(30,255

)

(30,255

)

At 30 November 2025

36,555

550,012

63,961

650,528

NET BOOK VALUE

At 30 November 2025

80,112

140,245

47,977

268,334

At 30 November 2024

82,445

149,518

47,494

279,457

Cost or valuation at 30 November 2025 is represented by:

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

Valuation in 2009

48,101

-

48,101

Valuation in 2012

(32,067

)

-

(32,067

)

Cost

100,633

690,257

111,938

902,828

116,667

690,257

111,938

918,862

6.

STOCKS

2025

2024

£

Stocks

34,665

28,113

Stock-rental assets

11,622

17,117

46,287

45,230

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

28,044

27,961

Prepayments

3,392

3,456

31,436

31,417

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

10,339

12,550

Tax

1,816

1,243

Social security and other taxes

5,340

5,819

VAT

12,468

14,469

Directors' current accounts

603

38

Accrued expenses

4,052

4,626

34,618

38,745

9.

RESERVES

Revaluation

reserve

£

At 1 December 2024

and 30 November 2025

16,034

10.	RELATED PARTY DISCLOSURES

During the course of the year the company transacted with the directors Mr P E DeCobain and Mrs A DeCobain by way of a joint directors loan account. The balance owing to the directors at the end of the year was £603. (2024 £38)

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is Mr P E DeCobain who owns the entire issued share capital and is the managing director of the company.