Company registration number 04515778 (England and Wales)
N R COPPARD GROUNDWORKS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
PAGES FOR FILING WITH REGISTRAR
N R COPPARD GROUNDWORKS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
N R COPPARD GROUNDWORKS LIMITED (REGISTERED NUMBER: 04515778)
BALANCE SHEET
AS AT
31 AUGUST 2023
31 August 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
138,380
152,453
Current assets
Stocks
10,746
58,350
Debtors
5
388,973
139,880
Cash at bank and in hand
239,806
281,789
639,525
480,019
Creditors: amounts falling due within one year
6
(150,354)
(189,747)
Net current assets
489,171
290,272
Total assets less current liabilities
627,551
442,725
Provisions for liabilities
(13,579)
(12,996)
Net assets
613,972
429,729
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
613,872
429,629
Total equity
613,972
429,729
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
N R COPPARD GROUNDWORKS LIMITED (REGISTERED NUMBER: 04515778)
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2023
31 August 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 4 January 2024 and are signed on its behalf by:
Mr N Coppard
Director
N R COPPARD GROUNDWORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
- 3 -
1
Accounting policies
Company information
N R Coppard Groundworks Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19-21 Swan Street, West Malling, Kent, ME19 6JU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings Freehold
Not depreciated
Plant and machinery
25% on reducing balance
Fixtures, fittings & equipment
25% on reducing balance
Computer equipment
25% on reducing balance
Motor vehicles
25% on reducing balance
1.4
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
N R COPPARD GROUNDWORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
4
3
Intangible fixed assets
Goodwill
£
Cost
At 1 September 2022 and 31 August 2023
55,000
Amortisation and impairment
At 1 September 2022 and 31 August 2023
55,000
Carrying amount
At 31 August 2023
At 31 August 2022
N R COPPARD GROUNDWORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 5 -
4
Tangible fixed assets
Land and buildings Freehold
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 September 2022
84,064
239,232
2,183
6,835
59,650
391,964
Additions
5,130
5,130
Disposals
(28,200)
(28,200)
At 31 August 2023
84,064
211,032
2,183
6,835
64,780
368,894
Depreciation and impairment
At 1 September 2022
181,711
2,067
3,536
52,197
239,511
Depreciation charged in the year
13,821
29
825
2,291
16,966
Eliminated in respect of disposals
(25,963)
(25,963)
At 31 August 2023
169,569
2,096
4,361
54,488
230,514
Carrying amount
At 31 August 2023
84,064
41,463
87
2,474
10,292
138,380
At 31 August 2022
84,064
57,521
116
3,299
7,453
152,453
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
35,858
130,106
Other debtors
353,115
9,774
388,973
139,880
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
33,540
139,479
Taxation and social security
103,777
42,167
Other creditors
13,037
8,101
150,354
189,747
N R COPPARD GROUNDWORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 6 -
7
Directors' transactions
Included within other debtors is a directors' loan account of £343,573, (2022: £nil), this includes interest charged of £5,872. This will be repaid within 9 months.