Caseware UK (AP4) 2022.0.179 2022.0.179 50The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01falseNo description of principal activity42truetrue 08440010 2022-04-01 2023-03-31 08440010 2021-04-01 2022-03-31 08440010 2023-03-31 08440010 2022-03-31 08440010 c:Director1 2022-04-01 2023-03-31 08440010 d:Buildings d:ShortLeaseholdAssets 2022-04-01 2023-03-31 08440010 d:Buildings d:ShortLeaseholdAssets 2023-03-31 08440010 d:Buildings d:ShortLeaseholdAssets 2022-03-31 08440010 d:MotorVehicles 2022-04-01 2023-03-31 08440010 d:MotorVehicles 2023-03-31 08440010 d:MotorVehicles 2022-03-31 08440010 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08440010 d:FurnitureFittings 2022-04-01 2023-03-31 08440010 d:FurnitureFittings 2023-03-31 08440010 d:FurnitureFittings 2022-03-31 08440010 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08440010 d:ComputerEquipment 2022-04-01 2023-03-31 08440010 d:ComputerEquipment 2023-03-31 08440010 d:ComputerEquipment 2022-03-31 08440010 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08440010 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08440010 d:Goodwill 2022-04-01 2023-03-31 08440010 d:Goodwill 2023-03-31 08440010 d:Goodwill 2022-03-31 08440010 d:CurrentFinancialInstruments 2023-03-31 08440010 d:CurrentFinancialInstruments 2022-03-31 08440010 d:Non-currentFinancialInstruments 2023-03-31 08440010 d:Non-currentFinancialInstruments 2022-03-31 08440010 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08440010 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 08440010 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08440010 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 08440010 d:ShareCapital 2023-03-31 08440010 d:ShareCapital 2022-03-31 08440010 d:RetainedEarningsAccumulatedLosses 2023-03-31 08440010 d:RetainedEarningsAccumulatedLosses 2022-03-31 08440010 c:OrdinaryShareClass1 2022-04-01 2023-03-31 08440010 c:OrdinaryShareClass1 2023-03-31 08440010 c:OrdinaryShareClass1 2022-03-31 08440010 c:OrdinaryShareClass2 2022-04-01 2023-03-31 08440010 c:OrdinaryShareClass2 2023-03-31 08440010 c:FRS102 2022-04-01 2023-03-31 08440010 c:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08440010 c:FullAccounts 2022-04-01 2023-03-31 08440010 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08440010 d:Goodwill d:OwnedIntangibleAssets 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08440010










The Koppa Company Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2023

 
The Koppa Company Limited
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of The Koppa Company Limited for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Koppa Company Limited for the year ended 31 March 2023 which comprise  the 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 at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of The Koppa Company Limited, as a body, in accordance with the terms of our engagement letter dated 21 November 2022Our work has been undertaken solely to prepare for your approval the financial statements of The Koppa Company Limited  and state those matters that we have agreed to state to the Board of Directors of The Koppa Company Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Koppa Company Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that The Koppa Company 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 The Koppa Company Limited. You consider that The Koppa Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of The Koppa Company 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.

  



Kreston Reeves LLP
Chartered Accountants
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
17 October 2023
Page 1

 
The Koppa Company Limited
Registered number: 08440010

Balance Sheet
As at 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
60,961
182,884

Tangible assets
 5 
251,294
234,869

  
312,255
417,753

Current assets
  

Stocks
  
847,652
872,902

Debtors
  
3,030,773
2,004,535

Cash at bank and in hand
  
7,414
79

  
3,885,839
2,877,516

Creditors: amounts falling due within one year
 7 
(3,969,718)
(3,018,571)

Net current liabilities
  
 
 
(83,879)
 
 
(141,055)

Total assets less current liabilities
  
228,376
276,698

Creditors: amounts falling due after more than one year
  
(91,722)
(59,370)

Provisions for liabilities
  
(3,209)
-

Net assets
  
133,445
217,328


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
133,443
217,326

  
133,445
217,328


Page 2

 
The Koppa Company Limited
Registered number: 08440010

Balance Sheet (continued)
As at 31 March 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
J Constable
Director
Date: 11 October 2023

The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
The Koppa Company Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2023

1.


General information

The company is a private company, limited by share capital, incorporated in England, within the United Kingdom. The registered office address is: Koppa House, Napier Way, Crawley, West Sussex, RH10 9RA.
The financial statements are presented in sterling and rounded to the nearest £1. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
The Koppa Company Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.
During the year the company received grants relating to the Coronavirus Job Retention Scheme totalling £Nil (2022: £27,382) and the Business Interruption Payment totalling £Nil (2022: £Nil).

 
2.5

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
10
years

Page 5

 
The Koppa Company Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2023

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
20%
straight line per annum
Motor vehicles
-
25%
straight line per annum
Fixtures and fittings
-
33%
straight line per annum
Computer equipment
-
33%
straight line per annum

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 6

 
The Koppa Company Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2023

2.Accounting policies (continued)

  
2.10

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

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.

 
2.13

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.14

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.15

Factored debts

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 7

 
The Koppa Company Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2023

2.Accounting policies (continued)

 
2.16

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.


3.


Employees

The average monthly number of employees, including directors, during the year was 50 (2022 - 42).


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
1,219,237



At 31 March 2023

1,219,237



Amortisation


At 1 April 2022
1,036,353


Charge for the year on owned assets
121,923



At 31 March 2023

1,158,276



Net book value



At 31 March 2023
60,961



At 31 March 2022
182,884



Page 8

 
The Koppa Company Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2023

5.


Tangible fixed assets





Short-term leasehold property
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2022
199,921
27,208
108,325
45,223
380,677


Additions
-
89,500
7,007
1,409
97,916



At 31 March 2023

199,921
116,708
115,332
46,632
478,593



Depreciation


At 1 April 2022
37,792
6,173
63,824
38,019
145,808


Charge for the year on owned assets
39,985
12,396
25,316
3,794
81,491



At 31 March 2023

77,777
18,569
89,140
41,813
227,299



Net book value



At 31 March 2023
122,144
98,139
26,192
4,819
251,294



At 31 March 2022
162,129
21,035
44,501
7,204
234,869


6.


Debtors

2023
2022
£
£


Trade debtors
2,075,650
464,080

Amounts owed by related undertaking
84,060
92,584

Other debtors
419,076
1,283,672

Prepayments and accrued income
451,987
164,199

3,030,773
2,004,535


Page 9

 
The Koppa Company Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
18,762

Bank loans
9,932
149,254

Trade creditors
3,291,573
2,398,099

Corporation tax
57,102
4,600

Other taxation and social security
540,396
371,602

Obligations under finance lease and hire purchase contracts
8,442
-

Other creditors
6,081
52,913

Accruals and deferred income
56,192
23,341

3,969,718
3,018,571



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
23,274
33,205

Net obligations under finance leases and hire purchase contracts
68,448
-

Other creditors
-
26,165

91,722
59,370



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares shares of £1.00 each
2
2
10 (2022 - 0) Ordinary T shares shares of £0.01 each
-
-

2

2

During the year 10 Ordinary T shares, with a value per share of £0.01, and a total value of £0.10, were issued. The shares issued have no voting or capital rights, but are entitled to receive dividends.


Page 10

 
The Koppa Company Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2023

10.


Taxation

2023
2022
£
£



Corporation tax charge
57,102
4,600

R&D tax credit
(69,665)
-

Deferred tax charge
3,209
-

(9,354)
4,600


11.


Pension commitments

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £27,036 (2022: 25,344).


Page 11