| Copyplain Limited |
| Registered number: |
03864284 |
| Balance Sheet |
| as at 31 March 2023 |
|
| Notes |
|
|
2023 |
|
|
2022 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
425,000 |
|
|
425,000 |
| Investments |
4 |
|
|
83,100 |
|
|
83,100 |
|
|
|
|
508,100 |
|
|
508,100 |
|
| Current assets |
| Cash at bank and in hand |
|
|
2,629 |
|
|
11,062 |
|
| Creditors: amounts falling due within one year |
5 |
|
(132,845) |
|
|
(179,416) |
|
| Net current liabilities |
|
|
|
(130,216) |
|
|
(168,354) |
|
| Total assets less current liabilities |
|
|
|
377,884 |
|
|
339,746 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(60,553) |
|
|
(82,512) |
|
|
|
| Net assets |
|
|
|
317,331 |
|
|
257,234 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Revaluation reserve |
8 |
|
|
49,728 |
|
|
49,728 |
| Profit and loss account |
|
|
|
267,503 |
|
|
207,406 |
|
| Shareholders' funds |
|
|
|
317,331 |
|
|
257,234 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Kolio Shamburov |
| Director |
| Approved by the board on 19 April 2023 |
|
| Copyplain Limited |
| Notes to the Accounts |
| for the year ended 31 March 2023 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents the value of rental income received during the period |
|
|
Tangible fixed assets |
|
No depreciation is provided on freehold property. |
|
|
Investments |
|
Investments in subsidiaries, are measured at cost less any accumulated impairment losses. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
| 2 |
Employees |
2023 |
|
2022 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 April 2022 |
425,000 |
|
At 31 March 2023 |
425,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2023 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2023 |
425,000 |
|
At 31 March 2022 |
425,000 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2023 |
|
2022 |
| £ |
£ |
|
Historical cost |
375,272 |
|
375,272 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
375,272 |
|
375,272 |
|
Freehold Land and buildings consist of two commercial properties. The property located at Tir-y-Berth Industrial estate was valued at £200,000 on 13 Feb 2004 and the property located at Penallta Industrial estate was valued at £225,000 on 11 Jan 2007. Both properties were valued by Hirons Morgan & Yapp, Property Advisors & Consultants acting on behalf of Nat West Bank plc. |
|
|
| 4 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 April 2022 |
83,100 |
|
|
At 31 March 2023 |
83,100 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 April 2022 |
83,100 |
|
At 31 March 2023 |
83,100 |
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Bank loans and overdrafts |
7,955 |
|
8,534 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
110,083 |
|
161,614 |
|
Taxation and social security costs |
8,884 |
|
4,855 |
|
Other creditors |
5,923 |
|
4,413 |
|
|
|
|
|
|
132,845 |
|
179,416 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Bank loans |
60,553 |
|
82,512 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2023 |
|
2022 |
| £ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
30,917 |
|
46,844 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
68,508 |
|
91,046 |
|
|
|
|
|
|
|
|
|
|
Bank loans are secured by Natwest bank over freehold properties and other assets of the company. |
|
|
| 8 |
Revaluation reserve |
2023 |
|
2022 |
| £ |
£ |
|
|
At 1 April 2022 |
49,728 |
|
49,728 |
|
|
At 31 March 2023 |
49,728 |
|
49,728 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Other information |
|
|
Copyplain Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 1 |
|
Tyr Y Berth Industrial Estate |
|
Hengoed |
|
Glamorgan |
|
CF82 8AU |
