Cotswold Independent Financial Services - Accounts to registrar (filleted)

REGISTERED NUMBER: 08423995 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

COTSWOLD INDEPENDENT FINANCIAL

SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S G Startup

REGISTERED OFFICE:

Stanley House 1 Warwick Street

Earlsdon

Coventry

CV5 6ET

REGISTERED NUMBER:

08423995 (England and Wales)

ACCOUNTANTS:

Armstrongs

Chartered Accountants and Tax Advisers

1 & 2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

FIXED ASSETS

Tangible assets

4

58,037

47,604

Investments

5

220,000

500,000

278,037

547,604

CURRENT ASSETS

Debtors

6

153,807

760,242

Cash at bank

101,427

100,570

255,234

860,812

CREDITORS

Amounts falling due within one year

7

355,500

1,047,332

NET CURRENT LIABILITIES

(100,266

)

(186,520

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

177,771

361,084

CREDITORS

Amounts falling due after more than one
year

8

(143,284

)

(268,155

)

PROVISIONS FOR LIABILITIES

(3,878

)

-

NET ASSETS

30,609

92,929

CAPITAL AND RESERVES

Called up share capital

5,004

Capital redemption reserve

4,000

Retained earnings

21,605

83,925

SHAREHOLDERS' FUNDS

30,609

92,929

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 6 October 2026 and were signed by:

S G Startup - Director

M Quinn - Director

1.	STATUTORY INFORMATION

Cotswold Independent Financial Services 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 represents commission and fees derived from ordinary activities of the company. Commissions are recognised as income upon confirmation from the provider.

Fee income is recognised in the period in which the work is completed.

Tangible fixed assets

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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 13 (2025 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 March 2025

63,245

499

63,744

Additions

29,949

-

29,949

At 28 February 2026

93,194

499

93,693

DEPRECIATION

At 1 March 2025

15,811

329

16,140

Charge for year

19,346

170

19,516

At 28 February 2026

35,157

499

35,656

NET BOOK VALUE

At 28 February 2026

58,037

-

58,037

At 28 February 2025

47,434

170

47,604

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 March 2025

500,000

Disposals

(280,000

)

At 28 February 2026

220,000

NET BOOK VALUE

At 28 February 2026

220,000

At 28 February 2025

500,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

39,500

-

Amounts owed by group undertakings

-

649,620

Amounts owed by participating interests

113,964

110,277

Prepayments

343

345

153,807

760,242

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Other loans

26,000

-

Hire purchase contracts

19,026

9,003

Trade creditors

37,081

17,331

Amounts owed to group undertakings

89,992

886,363

Corporation tax

93,538

46,998

Social security and other taxes

13,423

16,195

Pension Control Account

4,845

3,419

Other creditors

32,871

29,527

Directors' current accounts

34,002

Accrued expenses

4,722

4,494

355,500

1,047,332

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2026

2025

£

Other loans - 1-2 years

90,500

220,000

Hire purchase contracts

52,784

48,155

143,284

268,155

9.	RELATED PARTY DISCLOSURES

At the 28/02/2026 there was a balance of £113,964 due from MQSS Ltd to Cotswold Independent Financial Services Ltd, included in other debtors (last year end; £110,277). Mr M Quinn and Mr S Startup are both directors of MQSS Ltd.

At the 28/02/2026 there was a balance of £89,992 due to SSMQ Ltd included in other creditors (last year end; £775,789).

10.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of SSMQ Ltd, which itself is a subsidiary of Coventry Cotswold Group Ltd.