Company Registration No. 09608883 (England and Wales)
Cotswold GRP and Composites Limited
Unaudited accounts
for the year ended 31 May 2023
Cotswold GRP and Composites Limited
Unaudited accounts
Contents
Cotswold GRP and Composites Limited
Company Information
for the year ended 31 May 2023
Directors
Shane Reed
Bethyn Barrass
Company Number
09608883 (England and Wales)
Registered Office
The Orchard Marston Meysey
Swindon
Wiltshire
SN6 6LQ
Accountants
Blend Accountants
First Floor Brunel House
9 Penrod Way
Heysham
Lancashire
LA3 2UZ
Cotswold GRP and Composites Limited
Statement of financial position
as at 31 May 2023
Tangible assets
10,489
13,997
Cash at bank and in hand
545
831
Creditors: amounts falling due within one year
(71,481)
(57,455)
Net current liabilities
(67,680)
(53,572)
Total assets less current liabilities
(57,191)
(39,575)
Creditors: amounts falling due after more than one year
(35,460)
(40,419)
Net liabilities
(92,651)
(79,994)
Called up share capital
2
2
Profit and loss account
(92,653)
(79,996)
Shareholders' funds
(92,651)
(79,994)
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 January 2024 and were signed on its behalf by
Shane Reed
Director
Company Registration No. 09608883
Cotswold GRP and Composites Limited
Notes to the Accounts
for the year ended 31 May 2023
Cotswold GRP and Composites Limited is a private company, limited by shares, registered in England and Wales, registration number 09608883. The registered office is The Orchard Marston Meysey, Swindon, Wiltshire, SN6 6LQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Computer equipment
40% reducing balance
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2022
24,046
784
24,830
At 31 May 2023
24,046
784
24,830
At 1 June 2022
10,109
724
10,833
Charge for the year
3,484
24
3,508
At 31 May 2023
13,593
748
14,341
At 31 May 2023
10,453
36
10,489
At 31 May 2022
13,937
60
13,997
Amounts falling due within one year
Cotswold GRP and Composites Limited
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,840
5,776
Trade creditors
4,801
4,800
Amounts owed to group undertakings and other participating interests
59,832
44,702
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).