Coba Resourcing Ltd - Accounts to registrar (filleted) - small 18.1
Coba Resourcing Ltd - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 July 2017 |
| for |
| Coba Resourcing Ltd |
| Coba Resourcing Ltd (Registered number: 03436482) |
| Contents of the Financial Statements |
| for the Year Ended 31 July 2017 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Accountants' Report | 8 |
| Coba Resourcing Ltd |
| Company Information |
| for the Year Ended 31 July 2017 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1 Lucas Bridge Business Park |
| 1 Old Greens Norton Road |
| Towcester |
| Northamptonshire |
| NN12 8AX |
| Coba Resourcing Ltd (Registered number: 03436482) |
| Abridged Balance Sheet |
| 31 July 2017 |
| 31.7.17 | 31.7.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| Coba Resourcing Ltd (Registered number: 03436482) |
| Abridged Balance Sheet - continued |
| 31 July 2017 |
| The financial statements were approved by the director on |
| Coba Resourcing Ltd (Registered number: 03436482) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2017 |
| 1. | STATUTORY INFORMATION |
| Coba Resourcing Ltd is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The director has considered the financial position of the company, its cashflows, liquidity and borrowing position |
| and has prepared detailed forecasts. He is confident about the future trading prospects of the company however |
| he has taken steps to sell off trading assets of the business to improve both the balance sheet and cashflow of the |
| business. Furthermore the group of which this company is the parent, includes the subsidiary Coba IT |
| Consultants AG which continues to trade positively and provide working capital to the group as a whole. |
| Preparation of consolidated financial statements |
| The financial statements contain information about Coba Resourcing Ltd as an individual company and do not |
| contain consolidated financial information as the parent of a group. The company has taken the option under |
| Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
| 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 |
| Plant and machinery | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| 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. |
| Coba Resourcing Ltd (Registered number: 03436482) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
| of the future payments is treated as a liability. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 August 2016 |
| Additions |
| Disposals | ( |
) |
| At 31 July 2017 |
| DEPRECIATION |
| At 1 August 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 July 2017 |
| NET BOOK VALUE |
| At 31 July 2017 |
| At 31 July 2016 |
| Coba Resourcing Ltd (Registered number: 03436482) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2017 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Totals |
| £ |
| COST |
| At 1 August 2016 | 23,979 |
| Disposals | (11,989 | ) |
| Transfer to ownership | (11,990 | ) |
| At 31 July 2017 | - |
| DEPRECIATION |
| At 1 August 2016 | 16,740 |
| Charge for year | 3,246 |
| Eliminated on disposal | (8,994 | ) |
| Transfer to ownership | (10,992 | ) |
| At 31 July 2017 | - |
| NET BOOK VALUE |
| At 31 July 2017 | - |
| At 31 July 2016 | 7,239 |
| 5. | FIXED ASSET INVESTMENTS |
| Information on investments other than loans is as follows: |
| Totals |
| £ |
| COST |
| At 1 August 2016 |
| and 31 July 2017 | 20,942 |
| NET BOOK VALUE |
| At 31 July 2017 | 20,942 |
| At 31 July 2016 | 20,942 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Registered office: |
| Nature of business: |
| % |
| Class of shares: | holding |
| £ | £ |
| Aggregate capital and reserves |
| Profit for the year |
| Coba Resourcing Ltd (Registered number: 03436482) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2017 |
| 5. | FIXED ASSET INVESTMENTS - continued |
| Registered office: |
| Nature of business: |
| % |
| Class of shares: | holding |
| £ | £ |
| Aggregate capital and reserves | ( |
) | ( |
) |
| Loss for the year | ( |
) | ( |
) |
| Registered office: |
| Nature of business: |
| % |
| Class of shares: | holding |
| The trading of the subsidiary is considered not to be material during the reporting year. |
| 6. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.7.17 | 31.7.16 |
| £ | £ |
| Bank overdrafts |
| Hire purchase contracts | - | 11,676 |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Coba Resourcing Ltd |
| The following reproduces the text of the report prepared for the director in respect of the company's annual |
| unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
| a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary |
| statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Coba Resourcing Ltd for the year ended 31 July 2017 which comprise the Income Statement, |
| Abridged Balance Sheet and the related notes from the company's accounting records and from information and |
| explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of Coba Resourcing Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Coba Resourcing Ltd and state those matters that we have agreed to state to the director of Coba Resourcing Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coba Resourcing Ltd and its director for our work or for this report. |
| It is your duty to ensure that Coba Resourcing Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Coba Resourcing Ltd. You consider that Coba Resourcing Ltd is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Coba Resourcing Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| 1 Lucas Bridge Business Park |
| 1 Old Greens Norton Road |
| Towcester |
| Northamptonshire |
| NN12 8AX |