ACCOUNTS - Final Accounts

Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31Installation and repair of milking tanks.truefalse32021-01-010trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00761876 2021-01-01 2021-12-31 00761876 2020-01-01 2020-12-31 00761876 2021-12-31 00761876 2020-12-31 00761876 c:Director5 2021-01-01 2021-12-31 00761876 d:CurrentFinancialInstruments 2021-12-31 00761876 d:CurrentFinancialInstruments 2020-12-31 00761876 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 00761876 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 00761876 d:ShareCapital 2021-12-31 00761876 d:ShareCapital 2020-12-31 00761876 d:RetainedEarningsAccumulatedLosses 2021-01-01 2021-12-31 00761876 d:RetainedEarningsAccumulatedLosses 2021-12-31 00761876 d:RetainedEarningsAccumulatedLosses 2020-12-31 00761876 c:OrdinaryShareClass1 2021-01-01 2021-12-31 00761876 c:OrdinaryShareClass1 2021-12-31 00761876 c:OrdinaryShareClass1 2020-12-31 00761876 c:FRS102 2021-01-01 2021-12-31 00761876 c:Audited 2021-01-01 2021-12-31 00761876 c:FullAccounts 2021-01-01 2021-12-31 00761876 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 00761876 c:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 00761876 4 2021-01-01 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00761876

COOKES FABDEC LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

COOKES FABDEC LIMITED

REGISTERED NUMBER: 00761876

BALANCE SHEET

AS AT 31 DECEMBER 2021


	2021	2020
Note	£	£



Creditors: amounts falling due within one year	4	-		(51,918)
Net current assets/(liabilities)			-		(51,918)
Total assets less current liabilities			-		(51,918)

Net assets/(liabilities)			-		(51,918)

Capital and reserves
Called up share capital	5	300	300
Profit and loss account	6	(300)	(52,218)
		-	(51,918)

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

C Powell

Director

Date: 28 September 2022

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COOKES FABDEC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1.	General information

The Company is a limited liability Company which is incorporated in the UK. Please refer to the Company information page for details of its registered office. The principal activity of the Company is the installation and repairs of milking tanks.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

As set out in note 8, the trade and assets of the Company were transferred to fellow group
company, Fabdec Limited.
As the company is no longer trading, the accounts have not been prepared on a going concern basis.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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COOKES FABDEC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.7

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

2.8

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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COOKES FABDEC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Employees

The average monthly number of employees, including directors, during the year was 0 (2020 - 3).

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COOKES FABDEC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

4.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Amounts owed to group undertakings	-	51,918
	-	51,918

5.	Share capital
		2021	2020
		£	£

Allotted, called up and fully paid

300 (2020 - 300) Ordinary Shares shares of £1.00 each	300	300

Reserves

Profit and loss account

The profit and loss account reserve represents the cumulative profits and losses made by the Company since incorporation after any dividends paid.

7.	Related party transactions
	As the Company is a wholly owned subsidiary of Fabdec Holdings Limited, the Company has taken advantage of the exemption contained in FRS102 and has therefore not disclosed transactions or balances with entities which form part of the group. The financial statements of Fabdec Holdings Limited, the ultimate parent Company of the group, can be obtained from Companies House.

8.	Cessation of trade

The majority of the trade and assets of the entity were transferred to Fabdec Limited, a fellow group company, on 31 December 2020. The remaining intra-group creditor was written down to £NIL during the 2021 year end. The Company shall remain Dormant for subsequent periods.

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COOKES FABDEC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

9.	Controlling party

The Company is a wholly owned subsidiary of Fabdec Holdings Limited, a Company incorporated in England and Wales.
Fabdec Holdings Limited prepares consolidated financial statements for the Group (of which Fabdec Cookes Limited is a member). The consolidated group accounts are available from Companies House.

10.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2021 was unqualified.

In their report, the auditors emphasised the following matter without qualifying their report:

We draw attention to note 2.2 in the financial statements, which explains that the Company has ceased trading during the year and therefore the Directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in Note 2.2. Our opinion is not modified in this respect of this matter.

The audit report was signed on 29 September 2022 by Andrew Malpass BA FCA (Senior Statutory Auditor) on behalf of WR Partners.

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