2022-04-01 02506975 2023-03-31 02506975 2022-04-01 2023-03-31 02506975 2022-03-31 02506975 2021-04-01 2022-03-31 02506975 uk-core:WithinOneYear uk-bus:Original 2022-03-31 02506975 uk-core:WithinOneYear uk-bus:Original 2023-03-31 02506975 uk-core:ShareCapital uk-bus:Original 2023-03-31 02506975 uk-core:ShareCapital uk-bus:Original 2022-03-31 02506975 uk-core:RevaluationReserve uk-bus:Original 2023-03-31 02506975 uk-core:RevaluationReserve uk-bus:Original 2022-03-31 02506975 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2023-03-31 02506975 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2022-03-31 02506975 uk-bus:Director1 uk-bus:Original 2022-04-01 2023-03-31 02506975 uk-core:LandBuildings uk-bus:Original 2022-04-01 2023-03-31 02506975 uk-core:PlantMachinery uk-bus:Original 2022-04-01 2023-03-31 02506975 uk-core:TotalPropertyPlantEquipmentOtherThanExplorationEvaluationAssets uk-bus:Original 2022-04-01 2023-03-31 02506975 uk-core:MotorVehicles uk-bus:Original 2022-04-01 2023-03-31 02506975 uk-core:ToolsEquipment uk-bus:Original 2022-04-01 2023-03-31 02506975 uk-core:TotalPropertyPlantEquipmentOtherThanExplorationEvaluationAssets uk-bus:Original 2022-03-31 02506975 uk-core:ToolsEquipment uk-bus:Original 2022-03-31 02506975 uk-core:MotorVehicles uk-bus:Original 2022-03-31 02506975 uk-core:PlantMachinery uk-bus:Original 2022-03-31 02506975 uk-core:LandBuildings uk-bus:Original 2022-03-31 02506975 uk-core:LandBuildings uk-bus:Original 2023-03-31 02506975 uk-core:MotorVehicles uk-bus:Original 2023-03-31 02506975 uk-core:ToolsEquipment uk-bus:Original 2023-03-31 02506975 uk-core:TotalPropertyPlantEquipmentOtherThanExplorationEvaluationAssets uk-bus:Original 2023-03-31 02506975 uk-core:PlantMachinery uk-bus:Original 2023-03-31 02506975 uk-core:CostValuation uk-bus:Original 2022-03-31 02506975 uk-core:CostValuation uk-bus:Original uk-core:Non-currentFinancialInstruments 2022-03-31 02506975 uk-core:CostValuation uk-bus:Original uk-core:Non-currentFinancialInstruments 2023-03-31 02506975 uk-core:CostValuation uk-bus:Original 2023-03-31 02506975 uk-core:Non-currentFinancialInstruments uk-bus:Original 2023-03-31 02506975 uk-core:Non-currentFinancialInstruments uk-bus:Original 2022-03-31 02506975 2 uk-bus:Original uk-bus:Director1 2022-04-01 2023-03-31 02506975 2 uk-bus:Original uk-bus:Director1 2023-03-31 02506975 2 uk-bus:Original uk-bus:Director1 2022-03-31 02506975 3 uk-bus:Original uk-bus:Director2 2022-04-01 2023-03-31 02506975 3 uk-bus:Original uk-bus:Director2 2023-03-31 02506975 3 uk-bus:Original uk-bus:Director2 2022-03-31 iso4217:GBP xbrli:pure 02506975 uk-bus:AuditExemptWithAccountantsReport uk-bus:Original 2022-04-01 2023-03-31 02506975 uk-bus:FRS102 uk-bus:Original 2022-04-01 2023-03-31 02506975 uk-bus:FilletedAccounts uk-bus:Original 2022-04-01 2023-03-31 02506975 uk-bus:PrivateLimitedCompanyLtd uk-bus:Original 2022-04-01 2023-03-31
C J Covers Limited
Registered Number:02506975
For the year ended 31 March 2023
England and Wales
Directors Report and Unaudited Financial Statements
2
For the year ended 31 March 2023
C J Covers Limited
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
3
Registered Number :
02506975
As at 31 March 2023
C J Covers Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
457,870
457,295
2
3
91,820
-
Investment property
Financial assets
34,164
34,164
4
583,854
491,459
Current assets
Inventories
7,500
7,000
5
Trade and other receivables
214,848
270,797
6
284,409
Cash and cash equivalents
235,741
513,538
506,757
Trade and other payables: amounts falling due within one
year
(145,388)
(219,159)
7
361,369
294,379
Net current assets
Total assets less current liabilities
878,233
852,828
(1,495)
(1,386)
Provisions for liabilities
876,738
Net assets
851,442
Capital and reserves
Called up share capital
102
102
Revaluation reserve
285,287
285,287
8
Retained earnings
591,349
566,053
876,738
851,442
Shareholders' funds
For the year ended 31 March 2023 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
02506975
For the year ended 31 March 2023
C J Covers Limited
Statement of Financial Position Continued
I Wood Director
These financial statements were approved and authorised for issue by the Board on 05 May 2023 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 March 2023
C J Covers Limited
Notes to the Financial Statements
Statutory Information
C J Covers Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 02506975.
Principal place of business:
30 Williamson Street
Hedon Road
Hull
HU9 1EP
Registered address:
40 Springfield Way
Anlaby
East Yorkshire
HU10 6RJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
The company has not traded throughout the year.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line 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.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
4% Straight line
Plant and machinery
15% to 33% Straight line
50% Straight line
Hire covers
25% Straight line
Motor vehicles
33.3% Reducing balance
Fixtures and fittings
The company''s freehold properties were professionally valued in November 2005. This valuation has been reduced
by subsequent depreciation. Under the transitional provisions of the Financial Reporting Standard for Smaller Entities
(effective January 2015) the properties continue to be stated at that valuation less accumulated depreciation to date
and that valuation has not been updated.
The company''s freehold properties are revalued in full when it is likely that there has been a material change in
value.
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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6
For the year ended 31 March 2023
C J Covers Limited
Notes to the Financial Statements Continued
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.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
2. Property, plant and equipment
Total
Hire covers
Fixtures and
fittings
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
£
Cost or
valuation
At 01 April 2022
530,490
4,700
3,356
13,500
58,934
450,000
1,875
-
-
-
1,875
-
Additions
At 31 March 2023
450,000
13,500
3,356
4,700
532,365
60,809
Provision for depreciation and impairment
At 01 April 2022
73,195
4,700
1,373
13,500
53,622
-
Charge for year
1,300
-
92
-
1,208
-
At 31 March 2023
74,495
4,700
1,465
13,500
54,830
-
At 31 March 2023
Net book value
450,000
5,979
-
1,891
-
457,870
450,000
5,312
-
1,983
-
457,295
At 31 March 2022
In respect of certain fixed assets stated at valuations, the comparable historical cost and depreciation values are as
follows:
Historical cost
£
164,713
At 01 April 2022
164,713
Net historical cost value:
At 31 March 2022
At 31 March 2023
164,713
3. Investment property
Total
£
Fair value
Additions
91,820
At 31 March 2023
91,820
Net book value
At 31 March 2023
91,820
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7
For the year ended 31 March 2023
C J Covers Limited
Notes to the Financial Statements Continued
4. Investments held as fixed assets
Other investments
Total
At 01 April 2022
34,164
34,164
Cost
£
£
At 31 March 2023
34,164
34,164
At 31 March 2023
Net book value
34,164
34,164
At 01 April 2022
34,164
34,164
5. Inventories
2022
2023
£
£
Stocks
7,000
7,500
6. Trade and other receivables
2022
2023
£
£
Trade debtors
108,474
128,851
Other debtors
162,323
85,997
214,848
270,797
7. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
163,048
90,277
Taxation and social security
46,840
45,857
Other creditors
9,271
9,254
219,159
145,388
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8
For the year ended 31 March 2023
C J Covers Limited
Notes to the Financial Statements Continued
8. Reserves
Total
£
Revaluation reserve at 01 April 2022
285,287
285,287
Revaluation reserve at 31 March 2023
9. Directors advances and guarantees
At 01/04/2022
Loaned
At 31/03/2023
£
£
£
B E Gardner
Interest-free Loan
7,401
6,549
852
7,401
6,549
852
I Wood
Interest-free Loan
8,382
4,680
3,702
8,382
4,680
3,702
10. Average number of persons employed
During the year the average number of employees was 6 (2022 : 6)
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