Cocoon Trading Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 03743027 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Cocoon Trading Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D J Hartop

Mrs N Hartop

REGISTERED OFFICE:

Douglas Home & Co

8 Linnet Court

Cawledge Business Park

Alnwick

NE66 2GD

REGISTERED NUMBER:

03743027 (England and Wales)

ACCOUNTANTS:

Douglas Home & Co Ltd

Chartered Accountants

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Property, plant and equipment

4

283

461

CURRENT ASSETS

Inventories

5

2,500

2,500

Debtors

6

30,365

33,797

Cash at bank

18,487

39,705

51,352

76,002

CREDITORS

Amounts falling due within one year

7

50,187

71,129

NET CURRENT ASSETS

1,165

4,873

TOTAL ASSETS LESS CURRENT LIABILITIES

1,448

5,334

CAPITAL AND RESERVES

Called up share capital

614

614

Capital redemption reserve

8

390

390

Retained earnings

8

444

4,330

SHAREHOLDERS' FUNDS

1,448

5,334

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 26 June 2023 and were signed on its behalf by:

D J Hartop - Director

1.	STATUTORY INFORMATION

Cocoon Trading 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

Revenue 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.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 NIL (2022 - NIL).

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2022

and 31 March 2023

2,247

8,245

10,492

DEPRECIATION

At 1 April 2022

2,247

7,784

10,031

Charge for year

-

178

178

At 31 March 2023

2,247

7,962

10,209

NET BOOK VALUE

At 31 March 2023

-

283

283

At 31 March 2022

-

461

461

5.	INVENTORIES

31/3/23

31/3/22

£

£

Stocks

2,500

2,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/23

31/3/22

£

£

Trade debtors

26,438

32,616

Directors' current accounts

3,207

-

Prepayments and accrued income

720

1,181

30,365

33,797

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/23

31/3/22

£

£

Trade creditors

332

6,433

Tax

6,128

6,875

VAT

1,149

3,538

Other creditors

-

808

Directors' current accounts

-

15,587

Accrued expenses

42,578

37,888

50,187

71,129

8.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 April 2022

4,330

390

4,720

Profit for the year

23,614

23,614

Dividends

(27,500

)

(27,500

)

At 31 March 2023

444

390

834

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31/3/23

31/3/22

£

£

D J Hartop and Mrs N Hartop

Balance outstanding at start of year

-

-

Amounts advanced

47,020

-

Amounts repaid

(43,812

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,208

-

At the year end 31st March 2023, the directors were owe the company £3,208.