2021-04-01 SC658401 2022-03-31 SC658401 2021-04-01 2022-03-31 SC658401 2021-03-31 SC658401 2020-03-27 2021-03-31 SC658401 uk-core:WithinOneYear 2021-03-31 SC658401 uk-core:WithinOneYear 2022-03-31 SC658401 uk-core:AfterOneYear 2021-03-31 SC658401 uk-core:AfterOneYear 2022-03-31 SC658401 uk-core:ShareCapital 2022-03-31 SC658401 uk-core:ShareCapital 2021-03-31 SC658401 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 SC658401 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 SC658401 uk-bus:Director1 2021-04-01 2022-03-31 SC658401 uk-core:MotorCars 2021-03-31 SC658401 uk-core:PlantMachinery 2021-03-31 SC658401 uk-core:MotorCars 2021-04-01 2022-03-31 SC658401 uk-core:PlantMachinery 2021-04-01 2022-03-31 SC658401 uk-core:PlantMachinery 2022-03-31 SC658401 uk-core:MotorCars 2022-03-31 iso4217:GBP xbrli:pure SC658401 uk-bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 SC658401 uk-bus:FRS102 2021-04-01 2022-03-31 SC658401 uk-bus:FullAccounts 2021-04-01 2022-03-31 SC658401 uk-bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31
Covey Ltd
Registered Number:SC658401
For the year ended 31 March 2022
Scotland
Unaudited Financial Statements
2
For the year ended 31 March 2022
Covey Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
SC658401
As at 31 March 2022
Covey Ltd
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
167,764
35,954
2
167,764
35,954
Current assets
Trade and other receivables
4,107
17,323
3
8,422
Cash and cash equivalents
22,737
40,060
12,529
Trade and other payables: amounts falling due within one
year
(12,345)
(48,656)
4
184
(8,596)
Net current liabilities
Total assets less current liabilities
159,168
36,138
Trade and other payables: amounts falling due after more
than one year
-
(94,824)
5
64,344
Net assets
36,138
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
63,344
35,138
64,344
36,138
Shareholders' funds
For the year ended 31 March 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Victor John Scott Director
These financial statements were approved and authorised for issue by the Board on 06 September 2022 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2022
Covey Ltd
Notes to the Financial Statements
Statutory Information
Covey Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number SC658401.
Registered address:
1 Pringles Place
Pencaitland
Tranent
East Lothian
EH34 5BT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Motor
Vehicles
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 April 2021
44,942
40,000
4,942
142,601
142,601
-
Additions
At 31 March 2022
4,942
182,601
187,543
Provision for depreciation and impairment
At 01 April 2021
8,988
8,000
988
Charge for year
10,791
10,000
791
At 31 March 2022
19,779
18,000
1,779
At 31 March 2022
Net book value
3,163
164,601
167,764
At 31 March 2021
3,954
32,000
35,954
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5
For the year ended 31 March 2022
Covey Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2021
2022
£
£
Trade debtors
-
4,107
Other debtors
17,323
-
4,107
17,323
The debtors above include the following amounts falling due after more than one year:
Trade debtors
-
4,107
4. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Trade creditors
33,853
335
Taxation and social security
14,803
1,296
Other creditors
-
10,714
48,656
12,345
5. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Trade creditors
94,824
-
6. Average number of persons employed
During the year the average number of employees was 0 (2021 : 1)
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