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REGISTERED NUMBER: SC195851 (Scotland)




















Coval Services Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






Coval Services Limited (Registered number: SC195851)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Coval Services Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: C J McKean



SECRETARY: V M McKean



REGISTERED OFFICE: 26 Hoghill Court
East Calder
West Lothian
EH53 0QA



REGISTERED NUMBER: SC195851 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Santander
Bridle Road
Bootle
Merseyside
L30 4GB

Coval Services Limited (Registered number: SC195851)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 777 717

CURRENT ASSETS
Debtors 5 605 2,316
Cash at bank 25,394 31,172
25,999 33,488
CREDITORS
Amounts falling due within one year 6 7,569 13,541
NET CURRENT ASSETS 18,430 19,947
TOTAL ASSETS LESS CURRENT LIABILITIES 19,207 20,664

PROVISIONS FOR LIABILITIES 148 -
NET ASSETS 19,059 20,664

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 18,959 20,564
19,059 20,664

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

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 director acknowledges his 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.

Coval Services Limited (Registered number: SC195851)

Balance Sheet - continued
31 March 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 director and authorised for issue on 30 October 2023 and were signed by:





C J McKean - Director


Coval Services Limited (Registered number: SC195851)

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

1. STATUTORY INFORMATION

Coval Services Limited is a private company, limited by shares , registered in Scotland. 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 represents invoiced sales of heating, plumbing and electrical services.

Turnover is recognised as services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Government grants
Government grants in relation to tangible fixed assets are credited to the profit and loss account
over the useful lives of the related assets, whereas those in relation to expenditure are credited
when the expenditure is charged to profit and loss.

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.


Coval Services Limited (Registered number: SC195851)

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

2. ACCOUNTING POLICIES - continued
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 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.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is
probable the company will be required to settle the obligations, and a reliable estimate can be made of
the obligations. The amount recognised as a provision is the best estimate of the consideration required
to settle the present obligation at the end of the reporting period, taking into account the risks and
uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Coval Services Limited (Registered number: SC195851)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 21,907
Additions 679
Disposals (5,091 )
At 31 March 2023 17,495
DEPRECIATION
At 1 April 2022 21,190
Charge for year 619
Eliminated on disposal (5,091 )
At 31 March 2023 16,718
NET BOOK VALUE
At 31 March 2023 777
At 31 March 2022 717

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 350 387
Other debtors 255 1,929
605 2,316

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 290 4,107
Taxation and social security 378 -
Other creditors 6,901 9,434
7,569 13,541