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Registered number: 07467529
John Cooper Derby Ltd
Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07467529
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,800 -
Tangible Assets 5 43,219 48,044
48,019 48,044
CURRENT ASSETS
Debtors 6 137,712 136,630
Cash at bank and in hand 39,422 33,603
177,134 170,233
Creditors: Amounts Falling Due Within One Year 7 (130,971 ) (150,061 )
NET CURRENT ASSETS (LIABILITIES) 46,163 20,172
TOTAL ASSETS LESS CURRENT LIABILITIES 94,182 68,216
Creditors: Amounts Falling Due After More Than One Year 8 (30,547 ) (33,648 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,008 ) (7,972 )
NET ASSETS 56,627 26,596
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 56,625 26,594
SHAREHOLDERS' FUNDS 56,627 26,596
Page 1
Page 2
For the year ending 31 December 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 D Ingram
Director
Ms S Barton
Director
24 September 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
John Cooper Derby Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07467529 . The registered office is 1 Chandos Pole St, Derby, Derbyshire, DE22 3BA.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
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 - Other Intangible
The intangible asset is a franchise licence fee. It is amortised over its estimated economic life of 5 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% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% reducing balance
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.
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2.6. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 5 (2024: 5)
5 5
4. Intangible Assets
Franchise licence fee
£
Cost
As at 1 January 2025 -
Additions 6,000
As at 31 December 2025 6,000
Amortisation
As at 1 January 2025 -
Provided during the period 1,200
As at 31 December 2025 1,200
Net Book Value
As at 31 December 2025 4,800
As at 1 January 2025 -
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2025 89,585 24,795 2,975 3,630 120,985
Additions 6,347 - - 1,470 7,817
As at 31 December 2025 95,932 24,795 2,975 5,100 128,802
Depreciation
As at 1 January 2025 60,971 7,775 1,753 2,442 72,941
Provided during the period 7,475 4,256 306 605 12,642
As at 31 December 2025 68,446 12,031 2,059 3,047 85,583
Net Book Value
As at 31 December 2025 27,486 12,764 916 2,053 43,219
As at 1 January 2025 28,614 17,020 1,222 1,188 48,044
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 2,806 925
Prepayments and accrued income 6,102 3,242
Other debtors 1,918 169
Amounts owed by group undertakings 126,886 132,294
137,712 136,630
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 4,749 9,639
Trade creditors 35,365 27,345
Bank loans and overdrafts 5,286 5,151
Other loans 1,440 5,481
Corporation tax 36,726 29,983
Other taxes and social security 1,612 2,414
VAT 24,561 13,701
Other creditors 195 -
Directors' loan accounts 21,037 56,347
130,971 150,061
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 5,325 7,461
Bank loans 20,902 26,187
Other loans 4,320 -
30,547 33,648
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,749 9,639
Later than one year and not later than five years 5,325 7,461
10,074 17,100
10,074 17,100
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 43,250 21,600
Later than one year and not later than five years 136,324 108,000
Later than five years 29,553 7,200
209,127 136,800
12. Related Party Transactions
At the balance sheet date £121,400 was included in other debtors (2024: £121,400). This is an amount owed from John Cooper Holdings Limited, the company's parent company. The amount is unsecured, interest free and has no fixed repayment date.
At the balance sheet date £5,486 was included in other debtors (2024: £10,894). This is an amount owed from Cooper Custom Exhausts Ltd, a fellow subsidiary undertaking of the company. The amount is unsecured, interest free and has no fixed repayment date.
13. Ultimate Controlling Party
The company's ultimate parent undertaking is John Cooper Holdings Limited, a company incorporated in England and Wales, which owns 100% of the ordinary share capital of the company.
The ultimate controlling parties are Mr D Ingram and Ms S Barton, who each own 50% of the issued share capital and voting rights in John Cooper Holdings Limited.
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