CoopersElsby Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08645131 (England and Wales)

Abridged Unaudited Financial Statements for the Year Ended 31 March 2021

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

40,248

45,436

Tangible assets

5

23,634

31,694

63,882

77,130

CURRENT ASSETS

Stocks

89,624

72,347

Debtors

152,537

137,427

Cash at bank

96,218

40,702

338,379

250,476

CREDITORS

Amounts falling due within one year

379,611

309,283

NET CURRENT LIABILITIES

(41,232

)

(58,807

)

TOTAL ASSETS LESS CURRENT LIABILITIES

22,650

18,323

PROVISIONS FOR LIABILITIES

4,490

7,671

NET ASSETS

18,160

10,652

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

18,060

10,552

SHAREHOLDERS' FUNDS

18,160

10,652

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 2021 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 21 December 2021 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 7 (2020 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2020

and 31 March 2021

116,873

AMORTISATION

At 1 April 2020

71,437

Amortisation for year

5,188

At 31 March 2021

76,625

NET BOOK VALUE

At 31 March 2021

40,248

At 31 March 2020

45,436

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2020

44,116

Additions

842

At 31 March 2021

44,958

DEPRECIATION

At 1 April 2020

12,422

Charge for year

8,902

At 31 March 2021

21,324

NET BOOK VALUE

At 31 March 2021

23,634

At 31 March 2020

31,694

6.	ULTIMATE CONTROLLING PARTY

The controlling party and the ultimate controlling party are not known.