Cobra Fire Protection Limited - Accounts to registrar (filleted) - small 18.2

Cobra Fire Protection Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: SC400783 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2021

FOR

COBRA FIRE PROTECTION LIMITED

COBRA FIRE PROTECTION LIMITED (REGISTERED NUMBER: SC400783)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COBRA FIRE PROTECTION LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2021







DIRECTOR: C Peddie





REGISTERED OFFICE: 27 Ingram Street
Glasgow
G1 1HA





REGISTERED NUMBER: SC400783 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

COBRA FIRE PROTECTION LIMITED (REGISTERED NUMBER: SC400783)

BALANCE SHEET
31 October 2021

31.10.21 31.10.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,785 20,982

CURRENT ASSETS
Debtors 5 29,102 23,287
Cash at bank and in hand 24,077 20,299
53,179 43,586
CREDITORS
Amounts falling due within one year 6 29,304 19,362
NET CURRENT ASSETS 23,875 24,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,660

45,206

CREDITORS
Amounts falling due after more than one
year

7

(30,537

)

(37,767

)

PROVISIONS FOR LIABILITIES (3,189 ) (3,969 )
NET ASSETS 6,934 3,470

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 6,933 3,469
SHAREHOLDERS' FUNDS 6,934 3,470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006.

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.

COBRA FIRE PROTECTION LIMITED (REGISTERED NUMBER: SC400783)

BALANCE SHEET - continued
31 October 2021


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 director and authorised for issue on 27 September 2022 and were signed by:





C Peddie - Director


COBRA FIRE PROTECTION LIMITED (REGISTERED NUMBER: SC400783)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2021

1. STATUTORY INFORMATION

Cobra Fire Protection Limited is a private company, limited by shares , registered in Scotland. 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
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 20% on reducing balance

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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

COBRA FIRE PROTECTION LIMITED (REGISTERED NUMBER: SC400783)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2021

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 November 2020
and 31 October 2021 28,923
DEPRECIATION
At 1 November 2020 7,941
Charge for year 4,197
At 31 October 2021 12,138
NET BOOK VALUE
At 31 October 2021 16,785
At 31 October 2020 20,982

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2020
and 31 October 2021 28,923
DEPRECIATION
At 1 November 2020 7,941
Charge for year 4,197
At 31 October 2021 12,138
NET BOOK VALUE
At 31 October 2021 16,785
At 31 October 2020 20,982

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.21 31.10.20
£    £   
Trade debtors 29,102 23,287

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.21 31.10.20
£    £   
Bank loans and overdrafts 5,684 5,000
Hire purchase contracts 6,022 6,022
Tax 12,635 7,312
VAT 4,121 790
Other creditors 303 11
Directors' current accounts 539 227
29,304 19,362

COBRA FIRE PROTECTION LIMITED (REGISTERED NUMBER: SC400783)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.21 31.10.20
£    £   
Bank loans - 1-2 years 5,684 5,000
Bank loans - 2-5 years 17,052 15,000
Bank loans more 5 yr by instal 1,056 5,000
Hire purchase contracts 6,745 12,767
30,537 37,767

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,056 5,000

8. RELATED PARTY DISCLOSURES

The director of the company was owed £539 (2020- £227) at the year end. £539 was the maximum amount outstanding during the year.