Cotterwell Limited Filleted accounts for Companies House (small and micro)

Cotterwell Limited Filleted accounts for Companies House (small and micro)

COTTERWELL LIMITED - Company Information

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3 false false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 04011452 2022-07-01 2023-06-28 04011452 2023-06-28 04011452 2022-06-30 04011452 2021-07-01 2022-06-30 04011452 2022-06-30 04011452 2021-06-30 04011452 core:PlantMachinery 2022-07-01 2023-06-28 04011452 core:MotorVehicles 2022-07-01 2023-06-28 04011452 bus:Director1 2022-07-01 2023-06-28 04011452 core:LandBuildings core:OwnedOrFreeholdAssets 2022-06-30 04011452 core:PlantMachinery 2022-06-30 04011452 core:MotorVehicles 2022-06-30 04011452 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-28 04011452 core:PlantMachinery 2023-06-28 04011452 core:MotorVehicles 2023-06-28 04011452 core:WithinOneYear 2023-06-28 04011452 core:WithinOneYear 2022-06-30 04011452 core:AfterOneYear 2023-06-28 04011452 core:AfterOneYear 2022-06-30 04011452 core:ShareCapital 2023-06-28 04011452 core:ShareCapital 2022-06-30 04011452 core:RetainedEarningsAccumulatedLosses 2023-06-28 04011452 core:RetainedEarningsAccumulatedLosses 2022-06-30 04011452 core:LandBuildings core:OwnedOrFreeholdAssets 2022-06-30 04011452 core:PlantMachinery 2022-06-30 04011452 core:MotorVehicles 2022-06-30 04011452 bus:SmallEntities 2022-07-01 2023-06-28 04011452 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-28 04011452 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-28 04011452 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-28 04011452 bus:FullAccounts 2022-07-01 2023-06-28 04011452 core:ComputerEquipment 2022-07-01 2023-06-28 04011452 core:ComputerEquipment 2022-06-30 04011452 core:ComputerEquipment 2023-06-28
COMPANY REGISTRATION NUMBER: 04011452
COTTERWELL LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
28 June 2023
COTTERWELL LIMITED
STATEMENT OF FINANCIAL POSITION
28 June 2023
28 Jun 23
30 Jun 22
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
488,534
454,983
CURRENT ASSETS
Debtors
6
1,723
3,342
Cash at bank and in hand
–
1,226
-------
-------
1,723
4,568
CREDITORS: amounts falling due within one year
7
( 145,745)
( 121,874)
---------
---------
NET CURRENT LIABILITIES
( 144,022)
( 117,306)
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
344,512
337,677
CREDITORS: amounts falling due after more than one year
8
( 72,574)
( 58,631)
PROVISIONS
( 25,500)
( 25,500)
---------
---------
NET ASSETS
246,438
253,546
---------
---------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
246,338
253,446
---------
---------
SHAREHOLDERS FUNDS
246,438
253,546
---------
---------
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 period ending 28 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
COTTERWELL LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
28 June 2023
These financial statements were approved by the board of directors and authorised for issue on 19 March 2024 , and are signed on behalf of the board by:
S M Wayne
Director
Company registration number: 04011452
COTTERWELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 JULY 2022 TO 28 JUNE 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Riverside House, Harrogate Road, Harewood, Leeds, LS17 9LW, England.
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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the Company in respect of rental income received.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Computer Equipment
-
25% straight line
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its open market value at each reporting date and any changes in value are recognised in the statement of income and retained earnings.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 3 (2022: 3 ).
5. TANGIBLE ASSETS
Investment property
Plant and machinery
Motor vehicles
Computer Equipment
Total
£
£
£
£
£
Cost
At 1 July 2022
400,000
10,159
83,797
340
494,296
Additions
–
–
199,715
–
199,715
Disposals
–
–
( 185,699)
–
( 185,699)
---------
--------
---------
----
---------
At 28 June 2023
400,000
10,159
97,813
340
508,312
---------
--------
---------
----
---------
Depreciation
At 1 July 2022
–
9,997
29,252
64
39,313
Charge for the period
–
40
21,304
85
21,429
Disposals
–
–
( 40,964)
–
( 40,964)
---------
--------
---------
----
---------
At 28 June 2023
–
10,037
9,592
149
19,778
---------
--------
---------
----
---------
Carrying amount
At 28 June 2023
400,000
122
88,221
191
488,534
---------
--------
---------
----
---------
At 30 June 2022
400,000
162
54,545
276
454,983
---------
--------
---------
----
---------
The market value of the investment property held as at 28th June 2023 has been calculated by the director, and has been valued at open market value.
6. DEBTORS
28 Jun 23
30 Jun 22
£
£
Trade debtors
1,000
2,658
Other debtors
723
684
-------
-------
1,723
3,342
-------
-------
7. CREDITORS: amounts falling due within one year
28 Jun 23
30 Jun 22
£
£
Bank loans and overdrafts
7,108
–
Trade creditors
3,409
1,460
Social security and other taxes
2,549
3,342
Other creditors
132,679
117,072
---------
---------
145,745
121,874
---------
---------
8. CREDITORS: amounts falling due after more than one year
28 Jun 23
30 Jun 22
£
£
Bank loans and overdrafts
8,893
13,491
Other creditors
63,681
45,140
--------
--------
72,574
58,631
--------
--------