713 Cowbit Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 14850116

		31 August 2024
	Notes	£	£
CURRENT ASSETS
Stocks		849,663
Debtors	4	12,143

		861,806
Creditors: Amounts Falling Due Within One Year	5	(533,573 )

NET CURRENT ASSETS (LIABILITIES)			328,233

TOTAL ASSETS LESS CURRENT LIABILITIES			328,233

Creditors: Amounts Falling Due After More Than One Year	6		(347,177 )

NET LIABILITIES			(18,944 )

CAPITAL AND RESERVES
Called up share capital	7		100
Profit and Loss Account			(19,044 )

SHAREHOLDERS' FUNDS			(18,944)

For the period ending 31 August 2024 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 R C Pippard

Director

8 October 2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

713 Cowbit Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14850116 . The registered office is 42 Tyndall Court, Commerce Road, Lynch Wood, Peterborough, PE2 6LR.

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.

2.2. Going Concern Disclosure

The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in prepaing its financial statements.

2.3. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.4. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.5. Financial Instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” and Section 12 “Other Financial Instruments Issues” of FRS 102 in full.

Basic financial assets, including trade and other debtors, cash and bank balances, and investments in ordinary shares that are not publicly traded, are initially recognised at transaction price unless the arrangement constitutes a financing transaction. Such assets are subsequently carried at amortised cost using the effective interest method, less impairment where applicable.

Basic financial liabilities, including trade and other creditors, bank loans, director loans, and amounts owed to group undertakings, are initially recognised at transaction price unless the arrangement constitutes a financing transaction. Debt instruments are subsequently measured at amortised cost using the effective interest method.

Financial assets are derecognised when the contractual rights to the cash flows expire or are settled. Financial liabilities are derecognised when the obligation is discharged, cancelled, or expires.

Impairment losses are recognised where there is objective evidence that a financial asset is impaired.

2.6. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.7. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method

2.8. Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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713 Cowbit Limited

Notes to the Financial Statements (continued)

For the Period 5 May 2023 to 31 August 2024

3. Average Number of Employees

Average number of employees, including directors, during the period was: NIL

4. Debtors

	31 August 2024
	£
Due within one year
Other debtors	12,143

5. Creditors: Amounts Falling Due Within One Year

	31 August 2024
	£
Trade creditors	252
Other creditors	533,321

	533,573

6. Creditors: Amounts Falling Due After More Than One Year

	31 August 2024
	£
Bank loans	347,177

Bank loan of £347,177, due after more than one year, is secured by the company.

7. Share Capital

	31 August 2024
	£
Allotted, Called up and fully paid	100

8. Related Party Disclosures

At the period end there is £530,295 owing to 713 Holbeach Ltd, a company that the director has an interest in. This amount is shown within other creditors. No interest has been charged on this loan.

At the period end, the company is owed £11,448 from 713 Homes Limited, a company the director has an interest in. This amount is shown within other debtors. No interest has been charged on this loan. This company is in liquidation.

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