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Company Registration No. 08768938 (England and Wales)
Covarius Technology Limited Unaudited accounts for the year ended 31 December 2021
Covarius Technology Limited Unaudited accounts Contents
Page
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Covarius Technology Limited Company Information for the year ended 31 December 2021
Directors
Andrew Marshall James Bateman Gareth List
Company Number
08768938 (England and Wales)
Registered Office
71-75 Shelton Street London WC2H 9JQ
Accountants
Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
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Covarius Technology Limited Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,396 
6,971 
Investments
50 
50 
6,446 
7,021 
Current assets
Debtors
1,207,509 
848,767 
Cash at bank and in hand
236,624 
249,325 
1,444,133 
1,098,092 
Creditors: amounts falling due within one year
(629,251)
(678,996)
Net current assets
814,882 
419,096 
Total assets less current liabilities
821,328 
426,117 
Creditors: amounts falling due after more than one year
(285,114)
- 
Provisions for liabilities
Deferred tax
(1,323)
(1,323)
Net assets
534,891 
424,794 
Capital and reserves
Called up share capital
605 
605 
Profit and loss account
534,286 
424,189 
Shareholders' funds
534,891 
424,794 
For the year ending 31 December 2021 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 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2022 and were signed on its behalf by
Gareth List Director Company Registration No. 08768938
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Covarius Technology Limited Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Covarius Technology Limited is a private company, limited by shares, registered in England and Wales, registration number 08768938. The registered office is 71-75 Shelton Street, London, WC2H 9JQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2021
- 
20,026 
20,026 
Additions
1,558 
- 
1,558 
At 31 December 2021
1,558 
20,026 
21,584 
Depreciation
At 1 January 2021
- 
13,055 
13,055 
Charge for the year
390 
1,743 
2,133 
At 31 December 2021
390 
14,798 
15,188 
Net book value
At 31 December 2021
1,168 
5,228 
6,396 
At 31 December 2020
- 
6,971 
6,971 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2021
50 
Valuation at 31 December 2021
50 
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Covarius Technology Limited Notes to the Accounts for the year ended 31 December 2021
6
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
403,906 
263,192 
Amounts due from group undertakings etc.
802,780 
553,327 
Accrued income and prepayments
823 
26,625 
Other debtors
- 
5,623 
1,207,509 
848,767 
7
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
48,977 
250,685 
Trade creditors
149,227 
32,979 
Amounts owed to group undertakings and other participating interests
124,019 
166,212 
Taxes and social security
302,554 
225,067 
Other creditors
4,474 
4,053 
629,251 
678,996 
8
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
285,114 
- 
9
Average number of employees
During the year the average number of employees was 17 (2020: 14).
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