CoopersElsby Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 08645131 (England and Wales)

Abridged Unaudited Financial Statements for the Year Ended 31 March 2022

for

COOPERSELSBY LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Patel

C A Elsby

SECRETARY:

REGISTERED OFFICE:

Thistledown Barn

Holcot Lane

Sywell

Northampton

Northamptonshire

NN6 0BG

REGISTERED NUMBER:

08645131 (England and Wales)

ACCOUNTANTS:

Elsby & Co

Thistledown Barn

204 Holcot Road

Sywell

Northampton

Northamptonshire

NN6 0BG

FIXED ASSETS

Intangible assets

4

35,061

40,248

Tangible assets

5

17,508

23,634

52,569

63,882

CURRENT ASSETS

Stocks

76,005

89,624

Debtors

161,889

152,537

Cash at bank

76,065

96,218

313,959

338,379

CREDITORS

Amounts falling due within one year

298,659

379,611

NET CURRENT ASSETS/(LIABILITIES)

15,300

(41,232

)

TOTAL ASSETS LESS CURRENT LIABILITIES

67,869

22,650

CREDITORS

Amounts falling due after more than one year

(31,667

)

-

PROVISIONS FOR LIABILITIES

(3,326

)

(4,490

)

NET ASSETS

32,876

18,160

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

32,776

18,060

SHAREHOLDERS' FUNDS

32,876

18,160

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2022 and were signed on its behalf by:

K Patel - Director

1.	STATUTORY INFORMATION

CoopersElsby Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

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

Contributions are payable into an independently administered pension scheme and are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2021 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

and 31 March 2022

116,873

AMORTISATION

At 1 April 2021

76,625

Amortisation for year

5,187

At 31 March 2022

81,812

NET BOOK VALUE

At 31 March 2022

35,061

At 31 March 2021

40,248

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

44,958

Additions

3,214

At 31 March 2022

48,172

DEPRECIATION

At 1 April 2021

21,324

Charge for year

9,340

At 31 March 2022

30,664

NET BOOK VALUE

At 31 March 2022

17,508

At 31 March 2021

23,634

6.	ULTIMATE CONTROLLING PARTY

The Directors are the ultimate controlling party.