Company Registration No. 9915382 (England and Wales)
Cotswold Panel Products Limited
Unaudited accounts
for the year ended 31 March 2026
Cotswold Panel Products Limited
Statement of financial position
as at 31 March 2026
Tangible assets
141,137
118,158
Cash at bank and in hand
20,183
17,818
Creditors: amounts falling due within one year
(709,444)
(191,743)
Net current liabilities
(304,819)
(72,158)
Total assets less current liabilities
(163,682)
46,000
Creditors: amounts falling due after more than one year
(37,282)
(70,252)
Net liabilities
(200,964)
(24,252)
Called up share capital
100
100
Profit and loss account
(201,064)
(24,352)
Shareholders' funds
(200,964)
(24,252)
For the year ending 31 March 2026 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2026 and were signed on its behalf by
Martin Clarke
Director
Company Registration No. 9915382
Cotswold Panel Products Limited
Notes to the Accounts
for the year ended 31 March 2026
Cotswold Panel Products Limited is a private company, limited by shares, registered in England and Wales, registration number 9915382. The registered office is 75 Worcester Road, Evesham, Worcs, WR11 4RA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
15% straight line
Plant & machinery
15% straight line
Fixtures & fittings
15% straight line
Computer equipment
25% straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Cotswold Panel Products Limited
Notes to the Accounts
for the year ended 31 March 2026
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2025
-
139,878
570
3,166
143,614
Additions
42,594
6,893
2,109
-
51,596
At 31 March 2026
42,594
146,771
2,679
3,166
195,210
At 1 April 2025
-
24,528
257
671
25,456
Charge for the year
6,131
21,289
402
795
28,617
At 31 March 2026
6,131
45,817
659
1,466
54,073
At 31 March 2026
36,463
100,954
2,020
1,700
141,137
At 31 March 2025
-
115,350
313
2,495
118,158
Amounts falling due within one year
Trade debtors
185,442
41,083
Deferred tax asset
57,626
17,555
Accrued income and prepayments
48,094
1,002
Other debtors
53,648
19,058
Cotswold Panel Products Limited
Notes to the Accounts
for the year ended 31 March 2026
6
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
-
10,000
Obligations under finance leases and hire purchase contracts
31,248
28,338
Trade creditors
403,742
80,229
Amounts owed to group undertakings and other participating interests
-
3,000
Taxes and social security
47,331
10,304
Other creditors
92,901
1,964
Loans from directors
59,833
(18,601)
7
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
37,282
66,395
8
Deferred taxation
2026
2025
Accelerated capital allowances
26,816
22,450
Tax losses carried forward
(84,442)
(40,005)
Provision at start of year
(17,555)
(58,756)
(Credited)/charged to the profit and loss account
(40,071)
41,201
Provision at end of year
(57,626)
(17,555)
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan repayable on demand
18,601
-
18,601
-
Cotswold Panel Products Limited
Notes to the Accounts
for the year ended 31 March 2026
11
Average number of employees
During the year the average number of employees was 13 (2025: 9).