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Registered Number: 04591887
England and Wales

 

 

 

COURT 2000 LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Directors David Hardy
Ian Stuart Hardy
Registered Number 04591887
Registered Office 19/25 Beardell Street
Upper Norwood
London
SE19 1TP
Accountants Ludlow Painter Limited
Produce House
1a Wickham Court Road
West Wickham
Kent
BR4 9LN
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 31 December 2023.
Principal activities
The principal activity of the company during the financial year was of maintenance and repair of motor vehicles.
Directors
The directors who served the company throughout the year were as follows:
David Hardy
Ian Stuart Hardy
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Ian Stuart Hardy
Director

Date approved: 15 August 2024
2
Report to the directors on the preparation of the unaudited statutory accounts of Court 2000 Ltd for the year ended 31 December 2023.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Court 2000 Ltd for the year ended 31 December 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.

This report is made solely to the Board of Directors of Court 2000 Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Court 2000 Ltd and state those matters that we have agreed to state to the Board of Directors of Court 2000 Ltd, as a body, in this report.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Court 2000 Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Court 2000 Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Court 2000 Ltd.You consider that Court 2000 Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Court 2000 Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements 31 December 2023.



....................................................
Ludlow Painter Limited
Produce House
1a Wickham Court Road
West Wickham
Kent
BR4 9LN
15 August 2024
3
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 5 60,000    60,000 
Tangible fixed assets 6 73,695    89,681 
133,695    149,681 
Current assets      
Stocks 7 3,000    2,500 
Debtors 8 87,188    95,665 
Cash at bank and in hand 47,368    32,493 
137,556    130,658 
Creditors: amount falling due within one year 9 (169,901)   (207,520)
Net current assets (32,345)   (76,862)
 
Total assets less current liabilities 101,350    72,819 
Creditors: amount falling due after more than one year 10 (10,979)   (21,183)
Net assets 90,371    51,636 
 

Capital and reserves
     
Called up share capital 11 12    12 
Profit and loss account 90,359    51,624 
Shareholders' funds 90,371    51,636 
 


For the year ended 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:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 15 August 2024 and were signed on its behalf by:


-------------------------------
David Hardy
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 January 2022 12  21,011  21,023 
Profit for the year 86,613  86,613 
Total comprehensive income for the year 86,613  86,613 
Dividends (56,000) (56,000)
Total investments by and distributions to owners (56,000) (56,000)
At 31 December 2022 12  51,624  51,636 
At 01 January 2023 12  51,624  51,636 
Profit for the year 94,735  94,735 
Total comprehensive income for the year 94,735  94,735 
Dividends (56,000) (56,000)
Total investments by and distributions to owners (56,000) (56,000)
At 31 December 2023 12  90,359  90,371 
5
General Information
Court 2000 Ltd is a private company, limited by shares, registered in England and Wales, registration number 04591887, registration address 19/25 Beardell Street, Upper Norwood, London, SE19 1TP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Amortisation is provided on intangible assets so as to write off the cost, less any estimated  residual value, over their useful life as follows:

Goodwill: No amortisation is provided
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0% Reducing Balance
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Directors' Emoluments

2023
£
  2022
£
Administrative Expenses
Directors Remuneration 18,120    18,000 
18,120    18,000 

3.

Staff Costs

2023
£
  2022
£
Wages and salaries 18,120    18,000 
Other staff costs 1,111   
19,231    18,000 

4.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
5.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 January 2023 100,000    100,000 
Additions  
Disposals  
At 31 December 2023 100,000    100,000 
Amortisation
At 01 January 2023 40,000    40,000 
Charge for year  
On disposals  
At 31 December 2023 40,000    40,000 
Net book values
At 31 December 2023 60,000    60,000 
At 31 December 2022 60,000    60,000 


6.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Motor Vehicles   Total
  £   £   £   £
At 01 January 2023 54,649    25,193    77,598    157,440 
Additions      
Disposals     (12,850)   (12,850)
At 31 December 2023 54,649    25,193    64,748    144,590 
Depreciation
At 01 January 2023   19,509    48,250    67,759 
Charge for year   1,421    4,928    6,349 
On disposals     (3,213)   (3,213)
At 31 December 2023   20,930    49,965    70,895 
Net book values
Closing balance as at 31 December 2023 54,649    4,263    14,783    73,695 
Opening balance as at 01 January 2023 54,649    5,684    29,348    89,681 


7.

Stocks

2023
£
  2022
£
Stocks 3,000    2,500 
3,000    2,500 

8.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 53,188    61,665 
Loan: GTX 10,000    10,000 
Loan: Sarah Hardy 24,000    24,000 
87,188    95,665 

9.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 2,532   
Bank Loans & Overdrafts 7,750    5,296 
Corporation Tax 29,552    16,515 
Other Creditors 49,660    110,170 
Directors Current Account 52,449    61,839 
VAT 27,958    13,700 
169,901    207,520 

10.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 10,979    21,183 
10,979    21,183 

11.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
12 Class A shares of £1.00 each 12    12 
12    12 

6