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No description of principal activity
2020-01-01
Sage Accounts Production Advanced 2020 - FRS102_2019
xbrli:pure
xbrli:shares
iso4217:GBP
06024819
2020-01-01
2020-12-31
06024819
2020-12-31
06024819
2019-12-31
06024819
2019-01-01
2019-12-31
06024819
2019-12-31
06024819
core:PlantMachinery
2020-01-01
2020-12-31
06024819
core:FurnitureFittings
2020-01-01
2020-12-31
06024819
bus:OrdinaryShareClass1
2020-01-01
2020-12-31
06024819
bus:Director1
2020-01-01
2020-12-31
06024819
bus:Director2
2020-01-01
2020-12-31
06024819
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2020-12-31
06024819
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2019-12-31
06024819
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2019-12-31
06024819
core:FurnitureFittings
2019-12-31
06024819
core:PlantMachinery
2020-12-31
06024819
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2020-12-31
06024819
core:ShareCapital
2020-12-31
06024819
core:ShareCapital
2019-12-31
06024819
core:RetainedEarningsAccumulatedLosses
2020-12-31
06024819
core:RetainedEarningsAccumulatedLosses
2019-12-31
06024819
core:AcceleratedTaxDepreciationDeferredTax
2020-12-31
06024819
core:AcceleratedTaxDepreciationDeferredTax
2019-12-31
06024819
core:TaxLossesCarry-forwardsDeferredTax
2020-12-31
06024819
core:TaxLossesCarry-forwardsDeferredTax
2019-12-31
06024819
core:PlantMachinery
2019-12-31
06024819
core:FurnitureFittings
2019-12-31
06024819
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2020-01-01
2020-12-31
06024819
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2020-01-01
2020-12-31
06024819
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2020-01-01
2020-12-31
06024819
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2020-01-01
2020-12-31
06024819
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2020-12-31
06024819
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2020-12-31
06024819
bus:OrdinaryShareClass1
2019-12-31
COMPANY REGISTRATION NUMBER:
06024819
COGRI ENGINEERING LIMITED
|
|
FILLETED FINANCIAL STATEMENTS
|
|
COGRI ENGINEERING LIMITED
|
|
YEAR ENDED 31 DECEMBER 2020
Balance sheet
1
Notes to the financial statements
2 to 6
COGRI ENGINEERING LIMITED
|
|
31 December 2020
Fixed assets
Tangible assets
|
5
|
340,558
|
203,454
|
|
|
|
|
Current assets
Stocks
|
117,311
|
129,897
|
Debtors
|
6
|
217,410
|
146,677
|
Cash at bank and in hand
|
87,073
|
13,681
|
|
------------
|
------------
|
|
421,794
|
290,255
|
|
|
|
|
Creditors: amounts falling due within one year
|
7
|
(
741,525)
|
(
474,576)
|
|
------------
|
------------
|
Net current liabilities
|
(
319,731)
|
(
184,321)
|
|
------------
|
------------
|
Total assets less current liabilities
|
20,827
|
19,133
|
|
|
|
|
Provisions
|
(
1,400)
|
(
3,700)
|
|
------------
|
------------
|
Net assets
|
19,427
|
15,433
|
|
------------
|
------------
|
|
|
|
Capital and reserves
Called up share capital
|
9
|
2
|
2
|
Profit and loss account
|
19,425
|
15,431
|
|
------------
|
------------
|
Shareholders funds
|
19,427
|
15,433
|
|
------------
|
------------
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
19 August 2021
, and are signed on behalf of the board by:
K J Dare
|
L A Dare
|
Director
|
Director
|
|
|
Company registration number:
06024819
COGRI ENGINEERING LIMITED
|
|
NOTES TO THE FINANCIAL STATEMENTS
|
|
YEAR ENDED 31 DECEMBER 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Dene House, North Road, Kirkburton, Huddersfield, HD8 0RW.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Cogri Group Limited which can be obtained from the Registrar of Companies. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. d judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery
|
-
|
20% straight line
|
|
Fixtures and fittings
|
-
|
20% straight line
|
|
|
|
|
Stocks
Stocks are stated at the lower of cost and net realisable value.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs is the contributions payable in the year.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
5
(2019:
4
).
5.
Tangible assets
|
Plant and machinery
|
Fixtures and fittings
|
Total
|
|
£
|
£
|
£
|
Cost
|
|
|
|
At 1 January 2020
|
212,873
|
3,880
|
216,753
|
Additions
|
214,448
|
–
|
214,448
|
Disposals
|
(
4,356)
|
–
|
(
4,356)
|
|
------------
|
------------
|
------------
|
At 31 December 2020
|
422,965
|
3,880
|
426,845
|
|
------------
|
------------
|
------------
|
Depreciation
|
|
|
|
At 1 January 2020
|
13,074
|
225
|
13,299
|
Charge for the year
|
73,374
|
776
|
74,150
|
Disposals
|
(
1,162)
|
–
|
(
1,162)
|
|
------------
|
------------
|
------------
|
At 31 December 2020
|
85,286
|
1,001
|
86,287
|
|
------------
|
------------
|
------------
|
Carrying amount
|
|
|
|
At 31 December 2020
|
337,679
|
2,879
|
340,558
|
|
------------
|
------------
|
------------
|
At 31 December 2019
|
199,799
|
3,655
|
203,454
|
|
------------
|
------------
|
------------
|
|
|
|
|
6.
Debtors
|
2020
|
2019
|
|
£
|
£
|
Trade debtors
|
12,130
|
17,052
|
Amounts owed by group undertakings (note 11)
|
116,748
|
47,151
|
Prepayments and accrued income
|
12,373
|
–
|
Corporation tax repayable
|
377
|
–
|
Amounts owed by associated undertakings (note 11)
|
42,330
|
18,442
|
Other debtors
|
33,452
|
64,032
|
|
------------
|
------------
|
|
217,410
|
146,677
|
|
------------
|
------------
|
|
|
|
7.
Creditors:
amounts falling due within one year
|
2020
|
2019
|
|
£
|
£
|
Trade creditors
|
21,971
|
9,543
|
Amounts owed to group undertakings (note 11)
|
713,095
|
457,699
|
Accruals and deferred income
|
2,141
|
4,192
|
Social security and other taxes
|
4,318
|
3,142
|
|
------------
|
------------
|
|
741,525
|
474,576
|
|
------------
|
------------
|
|
|
|
8.
Deferred tax
The deferred tax included in the balance sheet is as follows:
|
2020
|
2019
|
|
£
|
£
|
Included in provisions
|
1,400
|
3,700
|
|
------------
|
------------
|
|
|
|
The deferred tax account consists of the tax effect of timing differences in respect of:
|
2020
|
2019
|
|
£
|
£
|
Accelerated capital allowances
|
1,600
|
5,500
|
Unused tax losses
|
(
200)
|
(
1,800)
|
|
------------
|
------------
|
|
1,400
|
3,700
|
|
------------
|
------------
|
|
|
|
9.
Called up share capital
Issued, called up and fully paid
|
2020
|
2019
|
|
No.
|
£
|
No.
|
£
|
Ordinary shares of £ 1 each
|
2
|
2
|
2
|
2
|
|
------------
|
------------
|
------------
|
------------
|
|
|
|
|
|
10.
Summary audit opinion
The auditor's report for the year dated 19 August 2021 was unqualified.
The senior statutory auditor was
David Butterworth
, for and on behalf of
Wheawill & Sudworth
.
11.
Related party transactions
Included in debtors are balances with group and associated undertakings as follows: Face Consultants Limited £27,726 (2019: £24,432) (100% issued share capital held by Cogri Group Limited) Cogri USA Inc £54,255 (2019: £13,400) (100% issued share capital held by Cogri Group Limited) Cogri Asia Limited: £16,459 (2019: £5,287) (50% issued share capital held by Cogri Group Limited) Face Consultants Australia Pty Limited £34,969 (2019: £9,319) (75% issued share capital indirectly held by Cogri Group Limited) Face Floor Consultants China Co Limited: £4,357 (2019: £1,322) (100% issued share capital held by Cogri China Co Limited) Face Consultants (Korea) Limited: £1,803 (2019: £8,100) (40% issued share capital held by
K J Dare
) Face Middle East Fzc £17,085 (2019: £3,733) (49% issued share capital held by K J Dare
) Face Consultants Sp Z.o.o £248 (2019: £nil) (100% issued share capital held by Cogri Group Limited) Cogri Middle East LLC £685 (2019: £nil) 49% issued share capital held by Cogri Group Limited) Cogri Japan Co Ltd £1,710 (2019: £nil) 80% issued share capital indirectly held by Cogri Group Limited) Included in creditors are balances with group and associated undertakings as follows: Cogri Group Limited £216,122 (2019: £192,198) (Ultimate parent company of CG Flooring Systems Limited) Concrete Grinding Limited £495,040 (2019: £262,045) (100% issued share capital held by Cogri Group Limited) C G Flooring Systems Limited £1,805 (2019: £3,458) (100% issued share capital held by Cogri Group Limited) Cogri Australia Pty Limited £128 (2019: £nil) (75% issued share capital held by Cogri Group Limited) These have arisen in the normal course of trading. Rent of £14,102 (2019: £nil) was paid to Cogri Group Limited.
12.
Controlling party
The company is a subsidiary of Cogri Group Limited and is registered in England and Wales. This company is under the control of K J Dare
. The consolidated financial statements of Cogri Group Limited are available from the Registrar of Companies. Cogri Group Limited is the parent of the smallest and largest group within which this company belongs and for which consolidated financial statements are prepared.