Silverfin false false 31/12/2023 01/01/2023 31/12/2023 J D Cooper 01/07/2010 L J Cooper P M Cooper 14/06/2023 L J Cooper 20 March 2024 The principal activity of the Company during the financial year was removals and storage. 02086367 2023-12-31 02086367 bus:Director1 2023-12-31 02086367 bus:Director3 2023-12-31 02086367 2022-12-31 02086367 core:CurrentFinancialInstruments 2023-12-31 02086367 core:CurrentFinancialInstruments 2022-12-31 02086367 core:Non-currentFinancialInstruments 2023-12-31 02086367 core:Non-currentFinancialInstruments 2022-12-31 02086367 core:ShareCapital 2023-12-31 02086367 core:ShareCapital 2022-12-31 02086367 core:RetainedEarningsAccumulatedLosses 2023-12-31 02086367 core:RetainedEarningsAccumulatedLosses 2022-12-31 02086367 core:Goodwill 2022-12-31 02086367 core:Goodwill 2023-12-31 02086367 core:PlantMachinery 2022-12-31 02086367 core:Vehicles 2022-12-31 02086367 core:PlantMachinery 2023-12-31 02086367 core:Vehicles 2023-12-31 02086367 2023-01-01 2023-12-31 02086367 bus:FilletedAccounts 2023-01-01 2023-12-31 02086367 bus:SmallEntities 2023-01-01 2023-12-31 02086367 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02086367 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02086367 bus:Director1 2023-01-01 2023-12-31 02086367 bus:Director2 2023-01-01 2023-12-31 02086367 bus:Director3 2023-01-01 2023-12-31 02086367 bus:CompanySecretary1 2023-01-01 2023-12-31 02086367 core:Goodwill core:TopRangeValue 2023-01-01 2023-12-31 02086367 core:PlantMachinery 2023-01-01 2023-12-31 02086367 core:Vehicles 2023-01-01 2023-12-31 02086367 2022-01-01 2022-12-31 02086367 core:CurrentFinancialInstruments 2023-01-01 2023-12-31 02086367 core:Non-currentFinancialInstruments 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 02086367 (England and Wales)

PETER COOPER LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

PETER COOPER LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

PETER COOPER LIMITED

BALANCE SHEET

As at 31 December 2023
PETER COOPER LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 146,295 175,128
146,295 175,128
Current assets
Stocks 7,680 7,680
Debtors 5 220,810 198,007
Cash at bank and in hand 413,129 510,220
641,619 715,907
Creditors: amounts falling due within one year 6 ( 150,441) ( 205,402)
Net current assets 491,178 510,505
Total assets less current liabilities 637,473 685,633
Creditors: amounts falling due after more than one year 7 ( 18,614) ( 44,061)
Provision for liabilities ( 27,469) ( 31,460)
Net assets 591,390 610,112
Capital and reserves
Called-up share capital 100 100
Profit and loss account 591,290 610,012
Total shareholders' funds 591,390 610,112

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Peter Cooper Limited (registered number: 02086367) were approved and authorised for issue by the Board of Directors on 20 March 2024. They were signed on its behalf by:

L J Cooper
Director
PETER COOPER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
PETER COOPER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Peter Cooper Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 29 Gordleton Park, Sway Road, Lymington, SO41 8JD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of removals and storage services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when the provision of services is carried out.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Vehicles 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 20 20

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 January 2023 100,000 100,000
At 31 December 2023 100,000 100,000
Accumulated amortisation
At 01 January 2023 100,000 100,000
At 31 December 2023 100,000 100,000
Net book value
At 31 December 2023 0 0
At 31 December 2022 0 0

4. Tangible assets

Plant and machinery Vehicles Total
£ £ £
Cost
At 01 January 2023 165,685 558,990 724,675
Additions 0 24,000 24,000
Disposals 0 ( 59,040) ( 59,040)
At 31 December 2023 165,685 523,950 689,635
Accumulated depreciation
At 01 January 2023 135,896 413,651 549,547
Charge for the financial year 5,958 39,641 45,599
Disposals 0 ( 51,806) ( 51,806)
At 31 December 2023 141,854 401,486 543,340
Net book value
At 31 December 2023 23,831 122,464 146,295
At 31 December 2022 29,789 145,339 175,128

5. Debtors

2023 2022
£ £
Trade debtors 127,104 110,944
Other debtors 93,706 87,063
220,810 198,007

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,117 9,867
Trade creditors 46,111 55,563
Corporation tax 7,402 48,383
Other taxation and social security 52,972 55,891
Obligations under finance leases and hire purchase contracts 15,330 15,330
Other creditors 18,509 20,368
150,441 205,402

The finance lease liabilities are secured against the assets financed.

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 15,774 25,891
Obligations under finance leases and hire purchase contracts 2,840 18,170
18,614 44,061

The finance lease liabilities are secured against the assets financed.

8. Financial commitments

Commitments

Capital commitments are as follows:

2023 2022
£ £
Contracted for but not provided for:
Other 95,150 52,500