L.J. Cook Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 09462565

L.J. COOK LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28 February 2021

L.J. COOK LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 28 FEBRUARY 2021

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	3

L.J. COOK LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	Mr L J Cook
	Ms S J Cook

Registered office	Lynton House
	7-12 Tavistock Square
	London
	WC1H 9BQ

Accountants	BSG Valentine (UK) LLP
	Chartered Accountants
	Lynton House
	7 - 12 Tavistock Square
	London
	WC1H 9BQ

L.J. COOK LIMITED

STATEMENT OF FINANCIAL POSITION

28 February 2021

	2021		2020
Note	£	£	£	£

CURRENT ASSETS

Debtors	5	1,233	1,068
Cash at bank and in hand		146,781	134,710
		---------	---------
		148,014	135,778

CREDITORS: amounts falling due within one year	6	( 27,502)		( 26,934)
		---------		---------
NET CURRENT ASSETS			120,512		108,844
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			120,512		108,844
			---------		---------
NET ASSETS			120,512		108,844
			---------		---------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	120,412	108,744
	---------	---------
SHAREHOLDERS FUNDS	120,512	108,844
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 19 November 2021 , and are signed on behalf of the board by:

Mr L J Cook

Director

Company registration number: 09462565

L.J. COOK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 28 FEBRUARY 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lynton House, 7-12 Tavistock Square, London, WC1H 9BQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwiil	-	Over 5 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Intangible assets

	Goodwill
	£
Cost
At 1 March 2020 and 28 February 2021	10,000
	--------
Amortisation
At 1 March 2020 and 28 February 2021	10,000
	--------
Carrying amount
At 28 February 2021	–
	--------
At 29 February 2020	–
	--------

5. Debtors

	2021	2020
	£	£
Other debtors	1,233	1,068
	-------	-------

6. Creditors: amounts falling due within one year

	2021	2020
	£	£
Corporation tax	5,591	9,103
Other creditors	21,911	17,831
	--------	--------
	27,502	26,934
	--------	--------

7. Directors' advances, credits and guarantees

As at the balance sheet an amount of £18,585 was owing by the company to the directors.