Coptrz Ltd - Accounts

Coptrz Ltd 10048724 74909 - Other professional, scientific and technical activities not elsewhere classified false 1 January 2022 10048724 2022-01-01 2022-12-31 10048724 2021-12-31 10048724 2022-12-31 10048724 2021-01-01 2021-12-31 10048724 2020-12-31 10048724 2021-12-31 10048724 frs102-bus:FRS102 2022-01-01 2022-12-31 10048724 frs102-bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 10048724 frs102-bus:FullAccounts 2022-01-01 2022-12-31 10048724 frs102-bus:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 10048724 frs102-core:CurrentFinancialInstruments 2022-12-31 10048724 frs102-core:CurrentFinancialInstruments 2021-12-31 10048724 frs102-core:Non-currentFinancialInstruments 2022-12-31 10048724 frs102-core:Non-currentFinancialInstruments 2021-12-31 10048724 frs102-core:ShareCapital 2022-12-31 10048724 frs102-core:ShareCapital 2021-12-31 10048724 frs102-core:RetainedEarningsAccumulatedLosses 2022-12-31 10048724 frs102-core:RetainedEarningsAccumulatedLosses 2021-12-31 10048724 frs102-bus:Director1 2022-01-01 2022-12-31 10048724 frs102-core:ComputerEquipment 2022-01-01 2022-12-31 10048724 frs102-core:FurnitureFittings 2022-01-01 2022-12-31 10048724 frs102-core:LandBuildings 2022-01-01 2022-12-31 10048724 frs102-core:PlantMachinery 2022-01-01 2022-12-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares

	Registered number
	10048724

	Coptrz Ltd
	Unaudited Accounts
	for the year ended
	31 December 2022

Coptrz Ltd Balance Sheet as at 31 December 2022
	Notes		2022 £		2021 £
Fixed assets
Intangible assets			190,287		200,578
Tangible assets			306,888		258,880
			497,175		459,458

Current assets
Stocks		1,678,577		570,480
Debtors		3,029,791		815,035
Cash at bank and in hand		2,561,467		320,691
		7,269,835		1,706,206

Prepayments and accrued income:		3,227,093		374,878

Creditors: amounts falling due within one year		(5,715,808)		(955,947)

Net current assets / (liabilities)			4,781,120		1,125,137

Total assets less current liabilities			5,278,295		1,584,595

Creditors: amounts falling due after more than one year			(0)		(801,485)

Provisions for liabilities			(0)		(0)

Accruals and deferred income			(321,938)		(0)

Total net assets (liabilities)			4,956,357		783,110

Capital and reserves
Called up share capital			850		850
Profit and loss account			4,955,507		782,260
Shareholders' funds			4,956,357		783,110

These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr P Luen

Director

Approved by the board on 28 September 2023

Company Number: 10048724 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

Phoenix House 1st Floor, Phoenix House
3, South Parade
Leeds
West Yorkshire
LS1 5QX
England

1.	Accounting policies
	Basis of preparation of financial statements These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.

	Going concern basis
	The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.

	Revenue recognition
	Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.

Computer equipment	25% Straight Line
Fixtures & Fittings	15% Straight Line
Land & buildings	10% Straight Line
Plant & machinery	20% Straight Line

	Intangible fixed assets
	Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives.

	Impairment reviews for fixed assets
	At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication of impairment losses. If so, the recoverable amount of an asset is estimated to determine the extent of the loss. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Impairment of intangible assets is reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Impairment reviews for fixed assets

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication of impairment losses. If so, the recoverable amount of an asset is estimated to determine the extent of the loss. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Impairment of intangible assets is reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

	Stocks
	Stocks are valued at the lower of cost and net realisable value after taking into account costs of completion and sale. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. The amount of any write-down to net realisable value, and all losses of stock, are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down is recognised as a reduction in the amount of stock expensed in the period in which the reversal occurs.

Stocks

Stocks are valued at the lower of cost and net realisable value after taking into account costs of completion and sale. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. The amount of any write-down to net realisable value, and all losses of stock, are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down is recognised as a reduction in the amount of stock expensed in the period in which the reversal occurs.

	Foreign currencies
	Transactions in foreign currencies other than the functional currency of the company are recorded at the rate of exchange on the date the transaction occurred. Monetary assets and liabilities in foreign currencies are translated at the rates prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items measured at historic cost in a foreign currency are recorded at that historic value.

Foreign currencies

Transactions in foreign currencies other than the functional currency of the company are recorded at the rate of exchange on the date the transaction occurred. Monetary assets and liabilities in foreign currencies are translated at the rates prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items measured at historic cost in a foreign currency are recorded at that historic value.

	Pensions
	The company operates a defined contribution pension scheme, with contributions charged to the profit and loss account for the year in which they are payable to the scheme.

Employees
	2022	2021
Average number of employees during the period	33	29