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Countyoffer Limited

Financial Statements for the Year Ended 31 January 2023






Countyoffer Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: P A Taylor
E M Taylor
J P Taylor





SECRETARY: P A Taylor





REGISTERED OFFICE: Unit 15
Brackla Industrial Estate
Bridgend
CF31 2AN





REGISTERED NUMBER: 03142556 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Countyoffer Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Countyoffer Limited for the year ended 31 January 2023 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Countyoffer Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Countyoffer Limited and state those matters that we have agreed to state to the Board of Directors of Countyoffer Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Countyoffer Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Countyoffer Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Countyoffer Limited. You consider that Countyoffer Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Countyoffer Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


13 October 2023

Countyoffer Limited (Registered number: 03142556)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 625,000 625,000

CURRENT ASSETS
Stocks - 42,764
Debtors 4 903,635 314,830
Cash at bank 411,051 932,279
1,314,686 1,289,873
CREDITORS
Amounts falling due within one year 5 127,553 153,363
NET CURRENT ASSETS 1,187,133 1,136,510
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,812,133

1,761,510

CAPITAL AND RESERVES
Called up share capital 30,112 30,117
Capital redemption reserve 5 5
Non-distributable reserve 318,859 318,859
Retained earnings 1,463,157 1,412,529
SHAREHOLDERS' FUNDS 1,812,133 1,761,510

Countyoffer Limited (Registered number: 03142556)

Balance Sheet - continued
31 January 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by:





P A Taylor - Director


Countyoffer Limited (Registered number: 03142556)

Notes to the Financial Statements
for the Year Ended 31 January 2023


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the fair value of consideration received or receivable in respect of the rental of equipment and property, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land & buildings - Not depreciated

The land & buildings are held at fair value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Countyoffer Limited (Registered number: 03142556)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

3. TANGIBLE FIXED ASSETS
Land &
buildings
£   
COST OR VALUATION
At 1 February 2022
and 31 January 2023 712,420
DEPRECIATION
At 1 February 2022
and 31 January 2023 87,420
NET BOOK VALUE
At 31 January 2023 625,000
At 31 January 2022 625,000

Cost or valuation at 31 January 2023 is represented by:

Land &
buildings
£   
Valuation in 2016 238,866
Cost 473,554
712,420

The land & buildings were valued on an open market basis on 31 January 2016 by the directors. They consider that its value hasn't changed significantly since.

No tax charge would arise if the property was disposed at its revalued amount.

4. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 164,555 176,216
Amounts owed by group undertakings - 27,000
Other debtors & prepayments 197,895 111,614
362,450 314,830

Countyoffer Limited (Registered number: 03142556)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


4. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Other debtors 541,185 -

Aggregate amounts 903,635 314,830

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,369 3,854
Taxes & social security costs 15,607 31,462
Other creditors & accruals 104,577 118,047
127,553 153,363