The Copier Company (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03203461

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

THE COPIER COMPANY (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Cavanagh

D Cavanagh

REGISTERED OFFICE:

Enfield House

Enfield Avenue

Leeds

West Yorkshire

LS7 1QN

REGISTERED NUMBER:

03203461

ACCOUNTANTS:

Brosnans

Chartered Accountants

Birkby House

Bailiff Bridge

Brighouse

West Yorkshire

HD6 4JJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

19,963

23,486

19,963

23,486

CURRENT ASSETS

Stocks

40,000

35,000

Debtors

6

383,122

282,196

Cash at bank

315,828

205,256

738,950

522,452

CREDITORS

Amounts falling due within one year

7

(688,823

)

(522,420

)

NET CURRENT ASSETS

50,127

32

TOTAL ASSETS LESS CURRENT LIABILITIES

70,090

23,518

CREDITORS

Amounts falling due after more than one year

8

(47,083

)

-

PROVISIONS FOR LIABILITIES

(3,032

)

(3,628

)

NET ASSETS

19,975

19,890

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

19,875

19,790

SHAREHOLDERS' FUNDS

19,975

19,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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.

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 30 September 2021 and were signed on its behalf by:

S Cavanagh - Director

1.	STATUTORY INFORMATION

The Copier Company (UK) Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 2009, is being amortised evenly over its estimated useful life of four 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

GOVERNMENT GRANTS

Grants received in the year relating to Covid 19 are disclosed as other income on the financial statements and the accrual model has been adopted in its calculation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2019 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2020

and 31 December 2020

23,000

AMORTISATION

At 1 January 2020

and 31 December 2020

23,000

NET BOOK VALUE

At 31 December 2020

-

At 31 December 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2020

and 31 December 2020

41,913

DEPRECIATION

At 1 January 2020

18,427

Charge for year

3,523

At 31 December 2020

21,950

NET BOOK VALUE

At 31 December 2020

19,963

At 31 December 2019

23,486

6.

DEBTORS

2020

2019

£

£

Amounts falling due within one year:

Trade debtors

78,496

62,374

Other debtors

3,765

-

82,261

62,374

Amounts falling due after more than one year:

Other debtors

300,861

219,822

Aggregate amounts

383,122

282,196

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

2,917

-

Trade creditors

473,648

375,578

Taxation and social security

160,905

97,089

Other creditors

51,353

49,753

688,823

522,420

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

47,083

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

100

Ordinary

£1

100

100

10.	RELATED PARTY DISCLOSURES

The company is controlled by the directors.

The directors and their related parties owed the company £300,861 at the year end (2019 - £219,822).