1 April 2022 v2024.35.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP112094092022-04-012023-09-30112094092023-09-30112094092022-03-3111209409core:WithinOneYear2023-09-3011209409core:WithinOneYear2022-03-3111209409core:AfterOneYear2023-09-3011209409core:AfterOneYear2022-03-3111209409core:ShareCapital2023-09-3011209409core:ShareCapital2022-03-3111209409core:RetainedEarningsAccumulatedLosses2023-09-3011209409core:RetainedEarningsAccumulatedLosses2022-03-3111209409bus:Director12022-04-012023-09-3011209409bus:RegisteredOffice2022-04-012023-09-3011209409core:PlantMachinery2022-04-012023-09-30112094092021-04-012022-03-3111209409core:PlantMachinery2022-04-0111209409core:PlantMachinery2023-09-3011209409core:PlantMachinery2022-03-3111209409core:BetweenOneFiveYears2023-09-3011209409core:BetweenOneFiveYears2022-03-311120940912022-04-012023-09-3011209409countries:EnglandWales2022-04-012023-09-3011209409bus:AuditExempt-NoAccountantsReport2022-04-012023-09-3011209409bus:PrivateLimitedCompanyLtd2022-04-012023-09-3011209409bus:SmallEntities2022-04-012023-09-3011209409bus:FullAccounts2022-04-012023-09-30
Company registration number:
11209409
Copier Logic Solutions
Unaudited Filleted Financial Statements for the period ended
30 September 2023
Copier Logic Solutions
Report to the board of directors on the preparation of the unaudited statutory financial statements of Copier Logic Solutions
Period ended
30 September 2023
As described on the statement of financial position, the Board of Directors of
Copier Logic Solutions
are responsible for the preparation of the
financial statements
for the period ended
30 September 2023
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Copier Logic Solutions
Statement of Financial Position
30 September 2023
30 Sep 202331 Mar 2022
Note££
Fixed assets    
Tangible assets 5
90,852
 
80,262
 
Current assets    
Stocks
6,000
 
6,500
 
Debtors 6
55,048
 
26,844
 
Cash at bank and in hand
4,506
 
3,131
 
65,554
 
36,475
 
Creditors: amounts falling due within one year 7
(48,981
)
(28,997
)
Net current assets
16,573
 
7,478
 
Total assets less current liabilities 107,425   87,740  
Creditors: amounts falling due after more than one year 8
(24,500
)
(35,000
)
Net assets
82,925
 
52,740
 
Capital and reserves    
Called up share capital
2
 
2
 
Profit and loss account
82,923
 
52,738
 
Shareholders funds
82,925
 
52,740
 
For the period ending
30 September 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
31 July 2024
, and are signed on behalf of the board by:
Mr H Noor
Director
Company registration number:
11209409
Copier Logic Solutions
Notes to the Financial Statements
Period ended
30 September 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Spectra House, Office 4
,
10 Spring Villa Road
,
Edgware
,
Middlesex
,
HA8 7EB
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
20% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

4 Average number of employees

The average number of persons employed by the company during the period was
1
(2022:
2
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 April 2022
118,909
 
Additions
38,910
 
Disposals
(20,405
)
At
30 September 2023
137,414
 
Depreciation  
At
1 April 2022
38,647
 
Charge
16,645
 
Disposals
(8,730
)
At
30 September 2023
46,562
 
Carrying amount  
At
30 September 2023
90,852
 
At 31 March 2022
80,262
 

6 Debtors

30 Sep 202331 Mar 2022
££
Trade debtors
10,477
 
3,246
 
Other debtors
44,571
 
23,598
 
55,048
 
26,844
 

7 Creditors: amounts falling due within one year

30 Sep 202331 Mar 2022
££
Bank loans and overdrafts
7,000
  -  
Trade creditors
8,731
 
18,407
 
Taxation and social security
33,250
 
10,590
 
48,981
 
28,997
 

8 Creditors: amounts falling due after more than one year

30 Sep 202331 Mar 2022
££
Bank loans and overdrafts
24,500
 
35,000
 

9 Operating leases

The company as lessor    
Period from 1 Apr 2022 to 30 Sep 2023Year to 31 Mar 2022
££
Not later than 1 year
73,042
 
42,247
 
Later than 1 year and not later than 5 years
292,170
 
166,765
 
365,212
 
209,012