REGISTERED NUMBER: 12504796 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2026

FOR

CLOSECOOPER LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Drew Close-Cooper

Davis Close-Cooper

REGISTERED OFFICE:

4D Centre

Cleveland Street

Darlington

Co. Durham

DL1 2NX

REGISTERED NUMBER:

12504796 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

Chartered Accountants

Unit 4 Beckside Court

Leyburn Business Park

Leyburn

North Yorkshire

DL8 5QA

FIXED ASSETS

Intangible assets

4

10,240

11,520

Tangible assets

5

40,444

52,906

50,684

64,426

CURRENT ASSETS

Stocks

28,300

2,050

Debtors

6

284,570

317,744

Cash at bank

2,085

75,166

314,955

394,960

CREDITORS

Amounts falling due within one year

7

192,741

176,426

NET CURRENT ASSETS

122,214

218,534

TOTAL ASSETS LESS CURRENT LIABILITIES

172,898

282,960

PROVISIONS FOR LIABILITIES

10,111

-

NET ASSETS

162,787

282,960

CAPITAL AND RESERVES

Called up share capital

100

100

Profit and loss account

162,687

282,860

162,787

282,960

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2026 and were signed on its behalf by:

Drew Close-Cooper - Director

Davis Close-Cooper - Director

1.	STATUTORY INFORMATION

CLOSECOOPER LTD 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.

Turnover

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

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer Equipment

-

25% on reducing balance

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2025 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 June 2025

and 31 May 2026

12,800

AMORTISATION

At 1 June 2025

1,280

Amortisation for year

1,280

At 31 May 2026

2,560

NET BOOK VALUE

At 31 May 2026

10,240

At 31 May 2025

11,520

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

Equipment

Totals

£

£

£

£

COST

At 1 June 2025

22,220

67,043

4,774

94,037

Additions

2,776

-

1,255

4,031

Disposals

-

(4,000

)

-

(4,000

)

At 31 May 2026

24,996

63,043

6,029

94,068

DEPRECIATION

At 1 June 2025

9,764

29,305

2,062

41,131

Charge for year

3,815

8,686

992

13,493

Eliminated on disposal

-

(1,000

)

-

(1,000

)

At 31 May 2026

13,579

36,991

3,054

53,624

NET BOOK VALUE

At 31 May 2026

11,417

26,052

2,975

40,444

At 31 May 2025

12,456

37,738

2,712

52,906

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

274,988

121,900

Other debtors

9,582

195,844

284,570

317,744

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

7,498

18,155

Trade creditors

114,099

34,589

Amounts owed to group undertakings

35,040

10,067

Taxation and social security

26,657

107,765

Other creditors

9,447

5,850

192,741

176,426

8.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £3,804 (2025: £2,259). Contributions totalling £285 (2025: £258) were payable to the fund at the year end and are included in creditors.