Cofus Cyf - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09256326 (Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020

FOR

COFUS CYF

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W R George

Mrs H M George

REGISTERED OFFICE:

29 Haywain Court

Bridgend

Mid Glamorgan

CF31 2ED

REGISTERED NUMBER:

09256326 (Wales)

ACCOUNTANTS:

DAVID WRIGHT ACCOUNTANTS LIMITED

1st Floor..

Nathaniel House

David Street

Bridgend

South Wales

CF31 3SA

FIXED ASSETS

Tangible assets

4

16,918

21,555

CURRENT ASSETS

Debtors

5

19,801

11,216

Cash at bank

34,383

51,258

54,184

62,474

CREDITORS

Amounts falling due within one year

6

14,231

22,544

NET CURRENT ASSETS

39,953

39,930

TOTAL ASSETS LESS CURRENT LIABILITIES

56,871

61,485

PROVISIONS FOR LIABILITIES

3,214

3,928

NET ASSETS

53,657

57,557

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

53,557

57,457

SHAREHOLDERS' FUNDS

53,657

57,557

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 9 March 2021 and were signed on its behalf by:

W R George - Director

1.	STATUTORY INFORMATION

Cofus Cyf is a private company, limited by shares , registered in 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 net invoiced sales of services excluding value added tax..

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

-

20% on 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 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2019

and 31 October 2020

44,721

DEPRECIATION

At 1 November 2019

23,166

Charge for year

4,637

At 31 October 2020

27,803

NET BOOK VALUE

At 31 October 2020

16,918

At 31 October 2019

21,555

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/20

31/10/19

£

£

Trade debtors

6,662

11,216

Other debtors

13,139

-

19,801

11,216

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/20

31/10/19

£

£

Taxation and social security

14,231

12,398

Other creditors

-

10,146

14,231

22,544

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2020 and

31 October 2019:

31/10/20

31/10/19

£

£

W R George

Balance outstanding at start of year

(10,146

)

(9,537

)

Amounts advanced

60,785

35,641

Amounts repaid

(37,500

)

(36,250

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

13,139

(10,146

)

The loan account was repaid in full after the year end.