Company Registration No. 11726602 (England and Wales)
Cooper Joinery & CNC Services Limited
Unaudited accounts
for the year ended 31 December 2021
Cooper Joinery & CNC Services Limited
Unaudited accounts
Contents
Cooper Joinery & CNC Services Limited
Company Information
for the year ended 31 December 2021
Company Number
11726602 (England and Wales)
Registered Office
Unit 16, Brookside Business Park
Brookside Avenue
Rustington
West Sussex
BN16 3LP
Accountants
Ian Sykes and Co Limited
1 Windlesham Gardens
Shoreham by Sea
West Sussex
BN43 5AD
Cooper Joinery & CNC Services Limited
Statement of financial position
as at
31 December 2021
Intangible assets
8,050
9,200
Tangible assets
30,115
52,984
Inventories
20,000
30,000
Cash at bank and in hand
62,740
62,277
Creditors: amounts falling due within one year
(76,279)
(94,466)
Net current assets/(liabilities)
8,714
(640)
Total assets less current liabilities
46,879
61,544
Creditors: amounts falling due after more than one year
(42,047)
(54,675)
Called up share capital
100
100
Profit and loss account
4,732
6,769
Shareholders' funds
4,832
6,869
For the year ending 31 December 2021 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 director acknowledges his 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 and authorised for issue on 17 March 2022 and were signed on its behalf by
Phillip Cooper
Director
Company Registration No. 11726602
Cooper Joinery & CNC Services Limited
Notes to the Accounts
for the year ended 31 December 2021
Cooper Joinery & CNC Services Limited is a private company, limited by shares, registered in England and Wales, registration number 11726602. The registered office is Unit 16, Brookside Business Park, Brookside Avenue, Rustington, West Sussex, BN16 3LP.
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.
Revenue, described as turnover, is the value of goods provided to customers during the year, plus the value of work performed during the year with respect to services.
Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services on the completion of each individual assignment.
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes any expenditure incurred in bringing the stock to its present locations and condition. A "first in, first out" basis is used.
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% straight line
Motor vehicles
25% straight line
Computer equipment
25% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Purchased goodwill is being amortised on a straight line basis over a period of ten years.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Cooper Joinery & CNC Services Limited
Notes to the Accounts
for the year ended 31 December 2021
Government grants are recognised under the accrual model meaning that grants relating to revenue shall be recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
4
Intangible fixed assets
Goodwill
At 31 December 2021
11,500
Charge for the year
1,150
At 31 December 2021
3,450
At 31 December 2021
8,050
At 31 December 2020
9,200
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2021
62,490
23,133
5,854
91,477
At 31 December 2021
62,490
23,133
5,854
91,477
At 1 January 2021
31,246
5,783
1,464
38,493
Charge for the year
15,623
5,783
1,463
22,869
At 31 December 2021
46,869
11,566
2,927
61,362
At 31 December 2021
15,621
11,567
2,927
30,115
At 31 December 2020
31,244
17,350
4,390
52,984
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
3,411
6,822
- Motor vehicles
11,567
17,349
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
2,220
1,549
Cooper Joinery & CNC Services Limited
Notes to the Accounts
for the year ended 31 December 2021
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
3,500
22,046
Obligations under finance leases and hire purchase contracts
8,748
10,094
Trade creditors
11,410
18,545
Taxes and social security
22,757
16,481
Other creditors
12,013
15,093
Loans from directors
16,351
10,757
The obligations under finance leases and hire purchase contracts are secured on the assets concerned.
8
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
14,427
23,175
The obligations under finance leases and hire purchase contracts are secured on the assets concerned.
9
Transactions with related parties
The Company carries on the trade previously owned by the director as a sole trader. Certain assets relating to that trade were purchased from the director at a combination of market value and mutually agreed values.
The Company operates from trading premises rented from the director on a commercial basis.
10
Average number of employees
During the year the average number of employees was 5 (2020: 6).