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REGISTERED NUMBER: 10624686 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

THE ZINC & COPPER CANOPY COMPANY LIMITED

THE ZINC & COPPER CANOPY COMPANY LIMITED (REGISTERED NUMBER: 10624686)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THE ZINC & COPPER CANOPY COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mr Arthur L. Biden
Mr. Gavin M. Jelnicki
Mr Peter Young





SECRETARY: Mrs. Sarah J Young





REGISTERED OFFICE: 3 Jesse Terrace
Reading
Berkshire
RG1 7RS





REGISTERED NUMBER: 10624686 (England and Wales)





ACCOUNTANTS: Malcolm J. Greer FCCA, ATT
Chartered Certified Accountant
3 Jesse Terrace
Reading
Berkshire
RG1 7RS

THE ZINC & COPPER CANOPY COMPANY LIMITED (REGISTERED NUMBER: 10624686)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,400 44,575

CURRENT ASSETS
Debtors 5 156,638 69,493
Cash at bank and in hand 45,584 46,687
202,222 116,180
CREDITORS
Amounts falling due within one year 6 184,518 143,546
NET CURRENT ASSETS/(LIABILITIES) 17,704 (27,366 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,104

17,209

CREDITORS
Amounts falling due after more than one
year

7

(7,500

)

(10,500

)

PROVISIONS FOR LIABILITIES 9 (5,958 ) (2,352 )
NET ASSETS 41,646 4,357

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 41,546 4,257
SHAREHOLDERS' FUNDS 41,646 4,357

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 ZINC & COPPER CANOPY COMPANY LIMITED (REGISTERED NUMBER: 10624686)

STATEMENT OF FINANCIAL POSITION - continued
28 FEBRUARY 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:




Mr Peter Young - Director



Mr Arthur L. Biden - Director


THE ZINC & COPPER CANOPY COMPANY LIMITED (REGISTERED NUMBER: 10624686)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

The Zinc & Copper Canopy Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, 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.
Short leasehold - 10% on cost
Improvements to property - 10% on cost
Plant and machinery - 10% on cost
Computer equipment - 25% on cost

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
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

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

THE ZINC & COPPER CANOPY COMPANY LIMITED (REGISTERED NUMBER: 10624686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and Computer
leasehold property machinery equipment Totals
£    £    £    £    £   
COST
At 1 March 2022
and 28 February 2023 3,830 10,099 57,685 2,738 74,352
DEPRECIATION
At 1 March 2022 1,782 4,713 20,565 2,717 29,777
Charge for year 382 1,010 5,764 19 7,175
At 28 February 2023 2,164 5,723 26,329 2,736 36,952
NET BOOK VALUE
At 28 February 2023 1,666 4,376 31,356 2 37,400
At 28 February 2022 2,048 5,386 37,120 21 44,575

THE ZINC & COPPER CANOPY COMPANY LIMITED (REGISTERED NUMBER: 10624686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 131,200 61,838
Bad and doubtful debts (33,482 ) (33,302 )
Amounts recoverable on contract - 3,110
Rental deposit bond 17,500 17,500
Inter company loan 34,652 14,652
Social security and other tax 439 -
Prepayments and accrued income 6,329 5,695
156,638 69,493

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 2,250 2,250
Trade creditors (1 ) -
Corporation tax 3,508 -
Social security and other taxes - 228
VAT 13,535 7,536
Other creditors 11,600 11,600
Net wages creditor 590 1,070
Pension creditor 107 102
Directors' current accounts 104,284 119,284
Accruals and deferred income 48,645 1,476
184,518 143,546

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1-2 years 3,000 3,000
Bank loans - 2-5 years 4,500 7,500
7,500 10,500

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
28.2.23 28.2.22
£    £   
Within one year 43,424 38,890
Between one and five years 73,998 105,162
117,422 144,052

THE ZINC & COPPER CANOPY COMPANY LIMITED (REGISTERED NUMBER: 10624686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

9. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax
Accelerated capital allowances 5,958 7,057
Tax losses carried forward - (4,705 )
5,958 2,352

Deferred
tax
£   
Balance at 1 March 2022 2,352
Provided during year 3,606
Balance at 28 February 2023 5,958

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary shares - Classes A -
H £1 100 100

The total share capital of the Company has been subdivided into eight separate classes of ordinary share labelled A to H inclusive.

The shares have the same rights and restrictions and rank pari passu in all respects save that share classes A to H inclusive shall be entitled to payments of varying amounts of dividends at the discretion of the directors, as declared by the Company from time to time.

11. RELATED PARTY DISCLOSURES

Peter's Roofing Contractors Limited

At the balance sheet date, the Company was owed £34,652 (2022 - £14,652) by Peter's Roofing Contractors Limited in respect of of an inter company loan.

The inter company loan is interest free and repayable on demand.

Peter's Roofing Contractors Limited is a related party by virtue of it sharing significant shareholders and officers with the Company.