Silverfin false 30/06/2022 30/06/2022 01/07/2021 J Hartley 26/01/2020 Dr J Taylor 01/06/2018 19 August 2022 The principal activity of the Company during the financial year was management consultancy services. 11393425 2022-06-30 11393425 bus:Director1 2022-06-30 11393425 bus:Director2 2022-06-30 11393425 2021-06-30 11393425 core:CurrentFinancialInstruments 2022-06-30 11393425 core:CurrentFinancialInstruments 2021-06-30 11393425 core:ShareCapital 2022-06-30 11393425 core:ShareCapital 2021-06-30 11393425 core:RetainedEarningsAccumulatedLosses 2022-06-30 11393425 core:RetainedEarningsAccumulatedLosses 2021-06-30 11393425 core:OfficeEquipment 2021-06-30 11393425 core:OfficeEquipment 2022-06-30 11393425 core:CurrentFinancialInstruments 10 2022-06-30 11393425 core:CurrentFinancialInstruments 10 2021-06-30 11393425 bus:OrdinaryShareClass1 2022-06-30 11393425 2021-07-01 2022-06-30 11393425 bus:FullAccounts 2021-07-01 2022-06-30 11393425 bus:SmallEntities 2021-07-01 2022-06-30 11393425 bus:AuditExemptWithAccountantsReport 2021-07-01 2022-06-30 11393425 bus:PrivateLimitedCompanyLtd 2021-07-01 2022-06-30 11393425 bus:Director1 2021-07-01 2022-06-30 11393425 bus:Director2 2021-07-01 2022-06-30 11393425 core:OfficeEquipment 2021-07-01 2022-06-30 11393425 2020-07-01 2021-06-30 11393425 bus:OrdinaryShareClass1 2021-07-01 2022-06-30 11393425 bus:OrdinaryShareClass1 2020-07-01 2021-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11393425 (England and Wales)

COPERNICUS SERVICES LTD

Unaudited Financial Statements
For the financial year ended 30 June 2022
Pages for filing with the registrar

COPERNICUS SERVICES LTD

Unaudited Financial Statements

For the financial year ended 30 June 2022

Contents

COPERNICUS SERVICES LTD

COMPANY INFORMATION

For the financial year ended 30 June 2022
COPERNICUS SERVICES LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2022
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
COPERNICUS SERVICES LTD

STATEMENT OF FINANCIAL POSITION

As at 30 June 2022
COPERNICUS SERVICES LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2022
Note 2022 2021
£ £
Fixed assets
Tangible assets 3 6,199 3,068
6,199 3,068
Current assets
Debtors 4 325 0
Cash at bank and in hand 650,838 546,935
651,163 546,935
Creditors: amounts falling due within one year 5 ( 32,876) ( 36,057)
Net current assets 618,287 510,878
Total assets less current liabilities 624,486 513,946
Provisions for liabilities ( 1,669) ( 715)
Net assets 622,817 513,231
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 622,717 513,131
Total shareholders' funds 622,817 513,231

For the financial year ending 30 June 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Copernicus Services Ltd (registered number: 11393425) were approved and authorised for issue by the Board of Directors on 19 August 2022. They were signed on its behalf by:

Dr J Taylor
Director
COPERNICUS SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2022
COPERNICUS SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2022
1. Accounting policies

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.

General information and basis of accounting

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 £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Office equipment 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

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.

Dividends

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.

2. Employees

2022 2021
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 July 2021 4,015 4,015
Additions 3,957 3,957
At 30 June 2022 7,972 7,972
Accumulated depreciation
At 01 July 2021 947 947
Charge for the financial year 826 826
At 30 June 2022 1,773 1,773
Net book value
At 30 June 2022 6,199 6,199
At 30 June 2021 3,068 3,068

4. Debtors

2022 2021
£ £
Prepayments 191 0
Other taxation and social security 134 0
325 0

5. Creditors: amounts falling due within one year

2022 2021
£ £
Amounts owed to directors 5,457 5,457
Corporation tax 27,419 30,784
Other taxation and social security 0 ( 184)
32,876 36,057

6. Called-up share capital

2022 2021
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Related party transactions

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.