Cooke & Co Furniture Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10304033 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2018

for

Cooke & Co Furniture Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Director:

O W Cooke

Registered office:

Unit 1, Forest Road

Hay-on-Wye

Hereford

HR3 5DS

Registered number:

10304033 (England and Wales)

Accountants:

Acre Accountancy Limited

Unit 2 Foley Works

Foley Industrial Estate

Hereford

Herefordshire

HR1 2SF

FIXED ASSETS

Tangible assets

4

10,282

12,450

CURRENT ASSETS

Stocks

3,000

5,000

Debtors

-

3,170

Prepayments and accrued income

-

800

Cash at bank

1,603

81

4,603

9,051

CREDITORS

Amounts falling due within one year

(8,942

)

(5,914

)

NET CURRENT (LIABILITIES)/ASSETS

(4,339

)

3,137

TOTAL ASSETS LESS CURRENT LIABILITIES

5,943

15,587

CREDITORS

Amounts falling due after more than one year

(15,000

)

(15,000

)

PROVISIONS FOR LIABILITIES

(1,954

)

(250

)

NET (LIABILITIES)/ASSETS

(11,011

)

337

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(11,111

)

237

SHAREHOLDERS' FUNDS

(11,011

)

337

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 29 April 2019 and were signed by:

O W Cooke - Director

1.	STATUTORY INFORMATION

Cooke & Co Furniture Limited 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.

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 etc

-

15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement.

They are classified as financial assets, financial liabilities or equity instruments. An equity instrument is any

contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 1 ).

4.	TANGIBLE FIXED ASSETS

Totals

£

Cost

At 1 August 2017

and 31 July 2018

14,450

Depreciation

At 1 August 2017

2,000

Charge for year

2,168

At 31 July 2018

4,168

Net book value

At 31 July 2018

10,282

At 31 July 2017

12,450