Cobra Fire Protection Limited - Accounts to registrar (filleted) - small 23.1.2

Cobra Fire Protection Limited - Accounts to registrar (filleted) - small 23.1.2


IRIS Accounts Production v23.1.5.20 SC400783 director 1.11.21 31.10.22 31.10.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC4007832021-10-31SC4007832022-10-31SC4007832021-11-012022-10-31SC4007832020-10-31SC4007832020-11-012021-10-31SC4007832021-10-31SC400783ns16:Scotland2021-11-012022-10-31SC400783ns15:PoundSterling2021-11-012022-10-31SC400783ns11:Director12021-11-012022-10-31SC400783ns11:PrivateLimitedCompanyLtd2021-11-012022-10-31SC400783ns11:SmallEntities2021-11-012022-10-31SC400783ns11:AuditExempt-NoAccountantsReport2021-11-012022-10-31SC400783ns11:SmallCompaniesRegimeForDirectorsReport2021-11-012022-10-31SC400783ns11:SmallCompaniesRegimeForAccounts2021-11-012022-10-31SC400783ns11:FullAccounts2021-11-012022-10-31SC400783ns11:RegisteredOffice2021-11-012022-10-31SC400783ns6:CurrentFinancialInstruments2022-10-31SC400783ns6:CurrentFinancialInstruments2021-10-31SC400783ns6:Non-currentFinancialInstruments2022-10-31SC400783ns6:Non-currentFinancialInstruments2021-10-31SC400783ns6:ShareCapital2022-10-31SC400783ns6:ShareCapital2021-10-31SC400783ns6:RetainedEarningsAccumulatedLosses2022-10-31SC400783ns6:RetainedEarningsAccumulatedLosses2021-10-31SC400783ns6:MotorVehicles2021-11-012022-10-31SC400783ns6:MotorVehicles2021-10-31SC400783ns6:MotorVehicles2022-10-31SC400783ns6:MotorVehicles2021-10-31SC400783ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2021-10-31SC400783ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2021-11-012022-10-31SC400783ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-10-31SC400783ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2021-10-31SC400783ns6:WithinOneYearns6:CurrentFinancialInstruments2022-10-31SC400783ns6:WithinOneYearns6:CurrentFinancialInstruments2021-10-31SC400783ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-10-31SC400783ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2021-10-31SC400783ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-10-31SC400783ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2021-10-31SC400783ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2022-10-31SC400783ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2021-10-31SC400783ns6:WithinOneYearns6:CurrentFinancialInstrumentsns6:HirePurchaseContracts2022-10-31SC400783ns6:WithinOneYearns6:CurrentFinancialInstrumentsns6:HirePurchaseContracts2021-10-31SC400783ns6:BetweenOneFiveYearsns6:HirePurchaseContracts2022-10-31SC400783ns6:BetweenOneFiveYearsns6:HirePurchaseContracts2021-10-31SC400783ns6:HirePurchaseContracts2022-10-31SC400783ns6:HirePurchaseContracts2021-10-31SC400783ns6:WithinOneYear2022-10-31SC400783ns6:WithinOneYear2021-10-31SC400783ns6:BetweenOneFiveYears2022-10-31SC400783ns6:BetweenOneFiveYears2021-10-31SC400783ns6:AllPeriods2022-10-31SC400783ns6:AllPeriods2021-10-31
REGISTERED NUMBER: SC400783 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

COBRA FIRE PROTECTION LIMITED

COBRA FIRE PROTECTION LIMITED (REGISTERED NUMBER: SC400783)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2022




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 2022







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 2022

31.10.22 31.10.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,428 16,785

CURRENT ASSETS
Debtors 5 48,905 29,102
Cash at bank and in hand 24,596 24,077
73,501 53,179
CREDITORS
Amounts falling due within one year 6 47,403 29,304
NET CURRENT ASSETS 26,098 23,875
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,526

40,660

CREDITORS
Amounts falling due after more than one
year

7

(18,687

)

(30,537

)

PROVISIONS FOR LIABILITIES (2,551 ) (3,189 )
NET ASSETS 18,288 6,934

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 18,287 6,933
SHAREHOLDERS' FUNDS 18,288 6,934

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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 2022


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 19 May 2023 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 2022

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

COBRA FIRE PROTECTION LIMITED (REGISTERED NUMBER: SC400783)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 November 2021
and 31 October 2022 28,923
DEPRECIATION
At 1 November 2021 12,138
Charge for year 3,357
At 31 October 2022 15,495
NET BOOK VALUE
At 31 October 2022 13,428
At 31 October 2021 16,785

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2021
and 31 October 2022 28,923
DEPRECIATION
At 1 November 2021 12,138
Charge for year 3,357
At 31 October 2022 15,495
NET BOOK VALUE
At 31 October 2022 13,428
At 31 October 2021 16,785

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Trade debtors 45,799 29,102
Prepayments and accrued income 3,106 -
48,905 29,102

COBRA FIRE PROTECTION LIMITED (REGISTERED NUMBER: SC400783)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Bank loans and overdrafts 5,804 5,684
Hire purchase contracts (see note 8) 6,022 6,022
Trade creditors 14,084 -
Tax 15,780 12,635
VAT 5,434 4,121
Other creditors - 303
Directors' current accounts 279 539
47,403 29,304

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.22 31.10.21
£    £   
Bank loans - 1-2 years 5,804 5,684
Bank loans - 2-5 years 12,160 17,052
Bank loans more 5 yr by instal - 1,056
Hire purchase contracts (see note 8) 723 6,745
18,687 30,537

Amounts falling due in more than five years:

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

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.10.22 31.10.21
£    £   
Net obligations repayable:
Within one year 6,022 6,022
Between one and five years 723 6,745
6,745 12,767

Non-cancellable operating leases
31.10.22 31.10.21
£    £   
Within one year 5,475 -
Between one and five years 10,038 -
15,513 -

COBRA FIRE PROTECTION LIMITED (REGISTERED NUMBER: SC400783)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2022

9. RELATED PARTY DISCLOSURES

The director of the company was owed £279 (2021- £539) at the year end. £539 was the maximum amount outstanding during the year.