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REGISTERED NUMBER: 07501460 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

KOPYRITE LIMITED

KOPYRITE LIMITED (REGISTERED NUMBER: 07501460)






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


KOPYRITE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: T J W Birks





REGISTERED OFFICE: 2b Marston House
Cromwell Business Park
Chipping Norton
Oxfordshire
OX7 5SR





REGISTERED NUMBER: 07501460 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
2B Marston House
Cromwell Business Park
Chipping Norton
Oxfordshire
OX7 5SR

KOPYRITE LIMITED (REGISTERED NUMBER: 07501460)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,481 18,479

CURRENT ASSETS
Debtors 5 271,180 280,640
Cash at bank 94,607 19,930
365,787 300,570
CREDITORS
Amounts falling due within one year 6 16,922 15,209
NET CURRENT ASSETS 348,865 285,361
TOTAL ASSETS LESS CURRENT
LIABILITIES

366,346

303,840

PROVISIONS FOR LIABILITIES 7 15,530 12,038
NET ASSETS 350,816 291,802

CAPITAL AND RESERVES
Called up share capital 8 300 300
Retained earnings 350,516 291,502
SHAREHOLDERS' FUNDS 350,816 291,802

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.

KOPYRITE LIMITED (REGISTERED NUMBER: 07501460)

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 3 November 2023 and were signed by:





T J W Birks - Director


KOPYRITE LIMITED (REGISTERED NUMBER: 07501460)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

KopyRite 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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue for the provision of services is recognised when it is probable that an economic benefit will flow to the entity and the Revenue costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Equipment for Hire - 25% on reducing balance
Fixtures & Fittings - 25% on reducing balance
Computer Equipment - 33% on reducing balance

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.


KOPYRITE LIMITED (REGISTERED NUMBER: 07501460)

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Equipment and Computer
for Hire fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 32,267 2,064 3,568 37,899
Additions 6,775 345 - 7,120
Disposals (2,917 ) - - (2,917 )
At 31 March 2023 36,125 2,409 3,568 42,102
DEPRECIATION
At 1 April 2022 15,773 1,052 2,595 19,420
Charge for year 5,270 339 321 5,930
Eliminated on disposal (729 ) - - (729 )
At 31 March 2023 20,314 1,391 2,916 24,621
NET BOOK VALUE
At 31 March 2023 15,811 1,018 652 17,481
At 31 March 2022 16,494 1,012 973 18,479

KOPYRITE LIMITED (REGISTERED NUMBER: 07501460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 226,009 200,793
Directors' current accounts 570 2,620
VAT 9,601 7,227
Prepayments and accrued income 35,000 70,000
271,180 280,640

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 59
Tax 14,211 12,430
Social security and other taxes - (20 )
Other creditors 126 152
Accrued expenses 2,585 2,588
16,922 15,209

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,321 3,511
Other provisions 12,209 8,527
15,530 12,038

Deferred Other
tax provisions
£    £   
Balance at 1 April 2022 3,511 8,527
Provided during year (190 ) 3,682
Balance at 31 March 2023 3,321 12,209

KOPYRITE LIMITED (REGISTERED NUMBER: 07501460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
300 300

9. RELATED PARTY DISCLOSURES

During the year, the company traded with Tim Birks t/a Kopyrite a related entity through Kopyrite Limited director, Mr Tim Birks.

During the year, total cost incurred by Kopyrite Limited and subsequently recharged to Tim Birks t/a Kopyrite Limited amounted to £5,000 (2022: £59,661). As at 31 March 2023 an amount of £187,799 (2022: £182,799 ) was due from Tim Birks t/a Kopyrite. This amount included within trade debtors.

All transactions were undertaken at arm's length.