COEVAL_HOLDINGS_LIMITED_( - Accounts

COEVAL HOLDINGS LIMITED - Company Information

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Company Registration No. SC221191 (Scotland)

COEVAL HOLDINGS LIMITED (FORMERLY COEVAL LIMITED)

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2014

COEVAL HOLDINGS LIMITED (FORMERLY COEVAL LIMITED)

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 4

COEVAL HOLDINGS LIMITED (FORMERLY COEVAL LIMITED)

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Investments

84,300

608,820

Current assets

Debtors

Cash at bank and in hand

333

Net current assets

343

Total assets less current liabilities

84,310

609,163

Capital and reserves

Called up share capital

11,020

11,353

Profit and loss account

73,290

597,810

Shareholders' funds

84,310

609,163

For the financial period ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 9 October 2014

Graham Quiney

Director

Company Registration No. SC221191

COEVAL HOLDINGS LIMITED (FORMERLY COEVAL LIMITED)

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

The company made profits during the year and at the year end had a positive balance sheet. The directors consider that this will continue to be the case for the foreseeable future and on this basis the accounts have been prepared as a gong concern.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

1.2

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.3

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.4

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

COEVAL HOLDINGS LIMITED (FORMERLY COEVAL LIMITED)

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2014

- 3 -

Fixed assets

Investments

Cost

At 1 May 2013 & at 31 March 2014

635,823

Depreciation

At 1 May 2013

27,003

Charge for the period

524,520

At 31 March 2014

551,523

Net book value

At 31 March 2014

84,300

At 30 April 2013

608,820

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Coeval Limited (formerly Coeval Products Limited)

Scotland

Ordinary

100.00

Coeval (LED) Products Limited

Scotland

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2014

Principal activity

Coeval Limited (formerly Coeval Products Limited)

Electronic equipment design

81,712

9,600

Coeval (LED) Products Limited

Electronic equipment design

2,588

(4,291)

The directors have considered the carrying value of investments in subsidiary undertakings and as a result an impairment provision has been recognised.

COEVAL HOLDINGS LIMITED (FORMERLY COEVAL LIMITED)

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2014

- 4 -

Share capital

2014

2013

Allotted, called up and fully paid

11,020 Ordinary A shares of £1 each

11,020

333 Ordinary B shares of £1 each

333

11,020

11,353

Share capital of £10 remains unpaid at the year end.