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REGISTERED NUMBER: 02717698 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

County Conveyors Limited

County Conveyors Limited (Registered number: 02717698)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

County Conveyors Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: L B Owen
J R Owen





REGISTERED OFFICE: First Floor, The Old Chapel
9 Kempson Road
Leicester
Leicestershire
LE2 8AN





REGISTERED NUMBER: 02717698 (England and Wales)





ACCOUNTANTS: Celerica Ltd
Accountants
First Floor
The Old Chapel
9 Kempson Road
Leicester
LE2 8AN

County Conveyors Limited (Registered number: 02717698)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,221 95,648

CURRENT ASSETS
Stocks 380,710 297,826
Debtors 5 200,049 170,273
Cash at bank 127,503 167,216
708,262 635,315
CREDITORS
Amounts falling due within one year 6 348,354 408,539
NET CURRENT ASSETS 359,908 226,776
TOTAL ASSETS LESS CURRENT
LIABILITIES

434,129

322,424

CREDITORS
Amounts falling due after more than one
year

7

(23,211

)

(41,999

)

PROVISIONS FOR LIABILITIES (16,369 ) (18,173 )
NET ASSETS 394,549 262,252

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 394,449 262,152
SHAREHOLDERS' FUNDS 394,549 262,252

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

County Conveyors Limited (Registered number: 02717698)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:




J R Owen - Director



L B Owen - Director


County Conveyors Limited (Registered number: 02717698)

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

1. STATUTORY INFORMATION

County Conveyors 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Tools - 20% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 Income Statement, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

County Conveyors Limited (Registered number: 02717698)

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

2. ACCOUNTING POLICIES - continued

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.

Intangible fixed assets
Intangible fixed assets (including purchased bespoke software) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
Tools machinery fittings
£    £    £   
COST
At 1 August 2022
and 31 July 2023 15,769 108,580 30,646
DEPRECIATION
At 1 August 2022 15,769 95,347 19,027
Charge for year - 1,985 1,743
At 31 July 2023 15,769 97,332 20,770
NET BOOK VALUE
At 31 July 2023 - 11,248 9,876
At 31 July 2022 - 13,233 11,619

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 112,879 1,589 269,463
DEPRECIATION
At 1 August 2022 42,083 1,589 173,815
Charge for year 17,699 - 21,427
At 31 July 2023 59,782 1,589 195,242
NET BOOK VALUE
At 31 July 2023 53,097 - 74,221
At 31 July 2022 70,796 - 95,648

County Conveyors Limited (Registered number: 02717698)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022
and 31 July 2023 51,500
DEPRECIATION
At 1 August 2022 15,289
Charge for year 9,053
At 31 July 2023 24,342
NET BOOK VALUE
At 31 July 2023 27,158
At 31 July 2022 36,211

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 199,838 170,098
Other debtors 211 175
200,049 170,273

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 9,955 9,709
Hire purchase contracts 8,833 10,600
Trade creditors 44,617 88,928
Taxation and social security 109,057 71,548
Other creditors 175,892 227,754
348,354 408,539

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 23,211 33,166
Hire purchase contracts - 8,833
23,211 41,999

County Conveyors Limited (Registered number: 02717698)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Hire purchase contracts 8,833 19,433

The bank overdraft is secured by personal guarantees from the directors.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J Owen and Mr L Owen.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
County Conveyors 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 Income Statement 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 County Conveyors Limited for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of County Conveyors 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 County Conveyors Limited and state those matters that we have agreed to state to the Board of Directors of County Conveyors Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that County Conveyors 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 County Conveyors Limited. You consider that County Conveyors 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 County Conveyors 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.






Celerica Ltd
Accountants
First Floor
The Old Chapel
9 Kempson Road
Leicester
LE2 8AN


19 October 2023