Coyne Group UK Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04246869 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

Coyne Group Uk Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M A P Coyne

SECRETARY:

Mrs M M Germaine-Coyne

REGISTERED OFFICE:

Quays Office Park

Conference Avenue

Portishead

Bristol

North Somerset

BS20 7LF

REGISTERED NUMBER:

04246869 (England and Wales)

ACCOUNTANTS:

Stanley Joseph Limited

Chartered Accountants

Suite 1

Liberty House

South Liberty Lane

Bristol

BS3 2ST

FIXED ASSETS

Property, plant and equipment

4

115,118

125,098

Investments

5

5

5

115,123

125,103

CURRENT ASSETS

Debtors

6

1,010,421

782,626

Cash at bank

12,029

38,497

1,022,450

821,123

CREDITORS

Amounts falling due within one year

7

1,994,253

1,894,147

NET CURRENT LIABILITIES

(971,803

)

(1,073,024

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(856,680

)

(947,921

)

CREDITORS

Amounts falling due after more than one year

8

15,000

27,000

NET LIABILITIES

(871,680

)

(974,921

)

CAPITAL AND RESERVES

Called up share capital

9

9

9

Retained earnings

10

(871,689

)

(974,930

)

SHAREHOLDERS' FUNDS

(871,680

)

(974,921

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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.

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 on 30 December 2019 and were signed by:

M A P Coyne - Director

1.	STATUTORY INFORMATION

Coyne Group Uk Limited is a private company, limited by shares , registered in England and Wales.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102

'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related

party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents the amounts receivable, excluding VAT and trade discounts, by the company for

goods and services provided during the year. All transactions arose in the United Kingdom.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

at variable rates on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position 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.

Going concern

The financial statements have been prepared on the going concern basis which assumes that the

company will continue in existence for the foreseeable future. The validity of this assumption depends

on the continued financial support of the director which they intend to provide for the foreseeable future.

The financial statements do not include any adjustments that would be necessary if this support was

withdrawn.

The director has pledged their continued support to meet the company's liabilities and obligations for

the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2018 - 8 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2018

10,060

56,736

71,611

59,621

198,028

Additions

-

-

15,464

1,146

16,610

At 31 March 2019

10,060

56,736

87,075

60,767

214,638

DEPRECIATION

At 1 April 2018

5,489

12,802

16,743

37,896

72,930

Charge for year

1,143

-

19,837

5,610

26,590

At 31 March 2019

6,632

12,802

36,580

43,506

99,520

NET BOOK VALUE

At 31 March 2019

3,428

43,934

50,495

17,261

115,118

At 31 March 2018

4,571

43,934

54,868

21,725

125,098

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2018

and 31 March 2019

55,621

DEPRECIATION

At 1 April 2018

12,746

Charge for year

12,747

At 31 March 2019

25,493

NET BOOK VALUE

At 31 March 2019

30,128

At 31 March 2018

42,875

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2018

and 31 March 2019

5

NET BOOK VALUE

At 31 March 2019

5

At 31 March 2018

5

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

18,368

98,602

Amounts owed by group undertakings

-

4,200

Amounts owed by associates

677,196

364,223

Other debtors

85,781

40,304

Staff loans

1,000

18,549

Prepayments and accrued income

228,076

256,748

1,010,421

782,626

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Other loans

200,000

200,000

Hire purchase contracts

12,000

12,000

Trade creditors

62,767

222,248

Commitment deposits

-

37,750

Amounts owed to group undertakings

229,216

1,338,033

Amounts owed to associates

6,335

-

Social security and other taxes

19,019

15,475

VAT

25,326

21,706

Other creditors

48,982

26,339

Pensions

196

453

Directors' current accounts

1,388,512

18,243

Accrued expenses

1,900

1,900

1,994,253

1,894,147

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Hire purchase contracts

15,000

27,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

9

Ordinary

£1

9

9

10.

RESERVES

Retained

earnings

£

At 1 April 2018

(974,930

)

Profit for the year

103,241

At 31 March 2019

(871,689

)

11.	RELATED PARTY DISCLOSURES

At the year end the amount due from the related party was £338,041 (2018 - £83).

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M A P Coyne.