P L Cooper & Sons Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04665914 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

P L Cooper & Sons Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S L Cooper

A L Cooper

SECRETARY:

Mrs R S Cooper

REGISTERED OFFICE:

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

REGISTERED NUMBER:

04665914 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Tangible assets

4

261

341

CURRENT ASSETS

Debtors

5

30,289

11,654

Cash at bank

18,168

35,920

48,457

47,574

CREDITORS

Amounts falling due within one year

6

47,344

46,139

NET CURRENT ASSETS

1,113

1,435

TOTAL ASSETS LESS CURRENT LIABILITIES

1,374

1,776

PROVISIONS FOR LIABILITIES

50

65

NET ASSETS

1,324

1,711

CAPITAL AND RESERVES

Called up share capital

7

1,020

1,020

Retained earnings

304

691

SHAREHOLDERS' FUNDS

1,324

1,711

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 19 December 2022 and were signed on its behalf by:

S L Cooper - Director

1.	STATUTORY INFORMATION

P L Cooper & Sons 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" 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.

Improvements to property

-

Straight line over 2 years

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 the income statement in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2021

and 31 March 2022

3,562

901

16,418

1,402

22,283

DEPRECIATION

At 1 April 2021

3,562

838

16,149

1,393

21,942

Charge for year

-

9

68

3

80

At 31 March 2022

3,562

847

16,217

1,396

22,022

NET BOOK VALUE

At 31 March 2022

-

54

201

6

261

At 31 March 2021

-

63

269

9

341

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

25,364

6,422

Directors' loan accounts

3,231

3,625

Tax

1,178

1,178

Prepayments and accrued income

516

429

30,289

11,654

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

12,605

10,085

Tax

7,237

7,064

Social security and other taxes

77

328

VAT

2,665

7,117

Directors' loan accounts

21,710

18,655

Accrued expenses

3,050

2,890

47,344

46,139

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.03.22

31.03.21

value:

£

£

100

Ordinary A

£1

100

100

450

Ordinary B

£1

450

450

450

Ordinary C

£1

450

450

10

Ordinary D

£1

10

10

10

Ordinary E

£1

10

10

1,020

1,020

The A, B, C, D and E shares shall rank pari passu in all respects but shall constitute separate classes of shares and the directors may at any time resolve to declare a dividend on one class of shares but not the other, and may resolve to declare a different level of dividend on each class of share.

8.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme.The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £5,400 (2021: £5,400).

9.	DIRECTORS LOAN ACCOUNT

At the end of the year Mr AL Cooper owed the company £3,231 (2021 - £3,626).