Cope Safety Management Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 05841451 (England and Wales)

COPE SAFETY MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

S D Butters MSc CMIOSH FRSPH Dip

Mrs E Haughton

REGISTERED OFFICE:

Boston Enterprise Centre

Venture House, Enterprise Way

Endeavour Park, Wyberton Fen

Boston

Lincolnshire

PE21 7TW

REGISTERED NUMBER:

05841451 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

5 Resolution Close

Endeavour Park

Boston

Lincolnshire

PE21 7TT

FIXED ASSETS

Intangible assets

4

38,228

47,978

Tangible assets

5

67,393

71,077

105,621

119,055

CURRENT ASSETS

Debtors

6

370,385

395,916

Cash at bank and in hand

317,962

236,272

688,347

632,188

CREDITORS

Amounts falling due within one year

7

84,681

83,499

NET CURRENT ASSETS

603,666

548,689

TOTAL ASSETS LESS CURRENT LIABILITIES

709,287

667,744

CAPITAL AND RESERVES

Called up share capital

9

1,125

1,125

Share premium

17,750

17,750

Capital redemption reserve

125

125

Retained earnings

690,287

648,744

SHAREHOLDERS' FUNDS

709,287

667,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2022 and were signed on its behalf by:

S D Butters MSc CMIOSH FRSPH Dip - Director

Mrs E Haughton - Director

1.	STATUTORY INFORMATION

Cope Safety Management 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.

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

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 represents net accrued invoiced sales of goods, excluding value added tax.

Revenue is recognised once the health and safety consultation has taken place.

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.

Development costs are being amortised evenly over their estimated useful life of four years.

Goodwill, being the amount paid in connection with the acquisition of the business in 2006, is being amortised evenly over its estimated useful life of twenty years.

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

-

33% on cost, 25% on reducing balance and 15% on reducing balance

Tangible assets are valued at cost less depreciation.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Rentals paid under operating leases are charged to the income statement 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 the income statement in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2021 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 October 2021

and 30 September 2022

185,000

2,000

187,000

AMORTISATION

At 1 October 2021

138,750

272

139,022

Charge for year

9,250

500

9,750

At 30 September 2022

148,000

772

148,772

NET BOOK VALUE

At 30 September 2022

37,000

1,228

38,228

At 30 September 2021

46,250

1,728

47,978

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2021

171,007

Additions

20,846

Disposals

(23,595

)

At 30 September 2022

168,258

DEPRECIATION

At 1 October 2021

99,930

Charge for year

17,847

Eliminated on disposal

(16,912

)

At 30 September 2022

100,865

NET BOOK VALUE

At 30 September 2022

67,393

At 30 September 2021

71,077

6.

DEBTORS

2022

2021

£

£

Amounts falling due within one year:

Trade debtors

57,542

84,815

Other debtors

18,738

14,531

76,280

99,346

2022

2021

£

£

Amounts falling due after more than one year:

Amounts owed by group undertakings

294,105

296,570

Aggregate amounts

370,385

395,916

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

6,873

7,635

Taxation and social security

60,344

63,685

Other creditors

17,464

12,179

84,681

83,499

8.	LEASING AGREEMENTS

The total amount of financial commitments, guarantees and contingencies that are not included on the statement of financial position is £12,537 (2021 - £5,948).

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

1,125

Ordinary

£1

1,125

1,125

10.	ULTIMATE PARENT UNDERTAKING

The company's parent undertaking is Cope Safety (Holdings) Limited, a company incorporated and registered in England and Wales. The registered office of Cope Safety (Holdings) Limited is:

Venture House

Boston Enterprise Centre

Endeavour Park

Boston

Lincolnshire

PE21 7TW