Company No:
Contents
DIRECTORS | J Hartley |
Dr J Taylor |
REGISTERED OFFICE | 10 Temple Back |
Bristol | |
BS1 6FL | |
United Kingdom |
COMPANY NUMBER | 11393425 (England and Wales) |
CHARTERED ACCOUNTANTS | Bishop Fleming LLP |
10 Temple Back | |
Bristol | |
BS1 6FL |
Note | 2022 | 2021 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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6,199 | 3,068 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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651,163 | 546,935 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current assets | 618,287 | 510,878 | ||
Total assets less current liabilities | 624,486 | 513,946 | ||
Provisions for liabilities | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital | 6 |
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Copernicus Services Ltd (registered number:
Dr J Taylor
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Copernicus Services Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 10 Temple Back, Bristol,BS1 6FL, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Office equipment |
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Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
2022 | 2021 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Office equipment | Total | ||
£ | £ | ||
Cost | |||
At 01 July 2021 |
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Additions |
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At 30 June 2022 |
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Accumulated depreciation | |||
At 01 July 2021 |
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Charge for the financial year |
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At 30 June 2022 |
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Net book value | |||
At 30 June 2022 |
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At 30 June 2021 |
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2022 | 2021 | ||
£ | £ | ||
Prepayments |
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Other taxation and social security |
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2022 | 2021 | ||
£ | £ | ||
Amounts owed to directors |
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Corporation tax |
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Other taxation and social security |
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2022 | 2021 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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At the year end £5,457 (2021: £5,457) was owed to the directors. The loan is interest free and has no fixed date for repayment.
Dividends of £10,000 (2021: £5,000) were paid to the directors during the year.