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REGISTERED NUMBER: 08589011 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

Coelrind Ltd

Coelrind Ltd (Registered number: 08589011)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Coelrind Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: K M Kirk
J O'Sullivan





SECRETARY: Best4Business Limited





REGISTERED OFFICE: 9 Caxton House
Broad Street
Great Cambourne
Cambridge
CB23 6JN





REGISTERED NUMBER: 08589011 (England and Wales)





ACCOUNTANTS: Best4business Accountants & Co. Ltd
9 Caxton House
Broad Street
Cambourne
Cambridge
CB23 6JN

Coelrind Ltd (Registered number: 08589011)

Balance Sheet
30 June 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 2,061 1,355

CURRENT ASSETS
Debtors 5 129,985 209,618
Prepayments and accrued income 256,758 11,644
Cash at bank 529,826 488,995
916,569 710,257
CREDITORS
Amounts falling due within one year 6 162,693 185,110
NET CURRENT ASSETS 753,876 525,147
TOTAL ASSETS LESS CURRENT
LIABILITIES

755,937

526,502

PROVISIONS FOR LIABILITIES 7 392 292
NET ASSETS 755,545 526,210

CAPITAL AND RESERVES
Called up share capital 8 40 40
Retained earnings 9 755,505 526,170
SHAREHOLDERS' FUNDS 755,545 526,210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Coelrind Ltd (Registered number: 08589011)

Balance Sheet - continued
30 June 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 5 March 2024 and were signed on its behalf by:





K M Kirk - Director


Coelrind Ltd (Registered number: 08589011)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Coelrind Ltd 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.

There are no transitional adjustments, accordingly the comparative figures have not been restated and no need to disclose a reconciliation of equity in these financial statements.

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.
Plant and machinery etc - Straight line over 3 years

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.

Research and development
Research expenditure is written off as incurred. Development expenditure is also written off, except where the company is satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is deferred and amortised over the period during which the group is expected to benefit.

Foreign currencies
Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date and the gains and losses on translation are included in the Profit and Loss account.

Coelrind Ltd (Registered number: 08589011)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Leases
Where the Company enters into a lease which entails taking substantially all the risks and rewards of the ownership of an asset, the lease is treated as a ‘finance lease’. The asset is recorded in the balance sheet as a tangible fixed asset and is depreciated over its estimated useful life or the term of the lease, whichever is shorter. Future instalments under such lease, net of finance charges, are included within creditors. Rentals payable are apportioned between the finance element which is charged to the Income and Expenditure account, and the capital element which reduces the outstanding obligation for future instalments.

All other leases are accounted for as ‘operating leases’ and the rental charges are charged to the Income and Expenditure account on a straight line basis over the life of the lease.

Pension costs and other post-retirement benefits
The Company operates a defined contribution pension scheme for the benefit of its employees. Its contributions are charged to the Profit and Loss account for the year or period in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year or period end.

Current taxation
Corporation tax payable is provided on taxable profits at the current rate.

Government grants
Capital based government grants are included within accruals and deferred income in the balance sheet and credited to trading profit over the estimated useful economics lives of the assets to which they relate.

Client monies
Monies collected on behalf of clients are held on trust in a separately administered bank account not shown in the balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 July 2022 7,952
Additions 1,909
At 30 June 2023 9,861
DEPRECIATION
At 1 July 2022 6,597
Charge for year 1,203
At 30 June 2023 7,800
NET BOOK VALUE
At 30 June 2023 2,061
At 30 June 2022 1,355

Coelrind Ltd (Registered number: 08589011)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 101,207 202,074
Other debtors - 354
Other creditors 20 20
Prepayments 28,758 7,170
129,985 209,618

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 22,195 26,556
Taxation and social security 88,076 84,919
Other creditors 52,422 73,635
162,693 185,110

Other creditors short-term loans made during the year that are repayable on demand and monies invoiced in advance.

7. PROVISIONS FOR LIABILITIES
2023 2022
£ £
Deferred tax 392 292

Deferred tax
£
Balance at 1 July 2022 292
Charge to Income Statement during year 100
Balance at 30 June 2023 392

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
400,000 Ordinary £0.0001 40 40

9. RESERVES
Retained
earnings
£

At 1 July 2022 526,170
Profit for the year 229,335
At 30 June 2023 755,505

Coelrind Ltd (Registered number: 08589011)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

10. RELATED PARTY DISCLOSURES

In the period the company received no new loans from Mr J O'Sullivan, a director and shareholder of the company. The total balance due to Mr O'Sullivan at the end of the period was £80 (2022: £110).

In the period the company received no new loans from Mr K Kirk, a director and shareholder of the company. The total balance due to Mr Kirk at the end of the period was £111 (2022: £126).

In the period the company received no new loans from Mr M Burton, a shareholder of the company. The total balance due from Mr Burton at the end of the period was £10 (2022: £10).

In the period the company received no new loans from Mr J Duminy, a shareholder of the company. The total balance due from Mr Duminy at the end of the period was £10 (2022: £10).

These loans are repayable on demand.


During the financial year the company purchases, on normal commercial terms, management services from Coelrind Ireland Ltd, a company registered in Ireland with number 598072, of which Coelrind Ltd owns 100% of the issued share capital.

The value of such purchases during the period being reported was £220,119 (2022: £206,355) excluding VAT. The total balance due from Coelrind Ireland Ltd at the end of the period was £8,354 (2022: £8,354).

11. ULTIMATE CONTROLLING PARTIES

The ultimate controlling parties are Mr K Kirk, Mr J O'Sullivan, Mr M Burton and Mr J Duminy who collectively own and control 100% of the issued ordinary share capital of the company.