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REGISTERED NUMBER: 02107680 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

COPLAN LIMITED

COPLAN LIMITED (REGISTERED NUMBER: 02107680)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COPLAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr P Mazaher
Mr J B Kent





REGISTERED OFFICE: 28 Vincent Avenue
Milton Keynes
Buckinghamshire
MK8 0AB





REGISTERED NUMBER: 02107680 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

COPLAN LIMITED (REGISTERED NUMBER: 02107680)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 54,861 30,876
Tangible assets 5 23,835 32,719
78,696 63,595

CURRENT ASSETS
Stocks 15,000 19,200
Debtors 6 244,964 331,802
Cash at bank and in hand 80,510 38,376
340,474 389,378
CREDITORS
Amounts falling due within one year 7 176,927 231,566
NET CURRENT ASSETS 163,547 157,812
TOTAL ASSETS LESS CURRENT
LIABILITIES

242,243

221,407

CREDITORS
Amounts falling due after more than one
year

8

16,513

39,940
NET ASSETS 225,730 181,467

CAPITAL AND RESERVES
Called up share capital 9 5,100 5,100
Capital redemption reserve 4,900 4,900
Retained earnings 215,730 171,467
SHAREHOLDERS' FUNDS 225,730 181,467

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

COPLAN LIMITED (REGISTERED NUMBER: 02107680)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





Mr P Mazaher - Director


COPLAN LIMITED (REGISTERED NUMBER: 02107680)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Coplan Limited 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Computer software is being amortised evenly over its estimated useful life of three years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on 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.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

COPLAN LIMITED (REGISTERED NUMBER: 02107680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Development Computer
costs software Totals
£ £ £
COST
At 1 January 2023 38,248 7,598 45,846
Additions 30,420 - 30,420
Disposals (8,960 ) - (8,960 )
At 31 December 2023 59,708 7,598 67,306
AMORTISATION
At 1 January 2023 8,960 6,010 14,970
Amortisation for year 5,858 577 6,435
Charge written back (8,960 ) - (8,960 )
At 31 December 2023 5,858 6,587 12,445
NET BOOK VALUE
At 31 December 2023 53,850 1,011 54,861
At 31 December 2022 29,288 1,588 30,876

COPLAN LIMITED (REGISTERED NUMBER: 02107680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£ £ £
COST
At 1 January 2023 328,232 15,061 343,293
Additions 7,147 - 7,147
Disposals (182,248 ) - (182,248 )
At 31 December 2023 153,131 15,061 168,192
DEPRECIATION
At 1 January 2023 297,524 13,050 310,574
Charge for year 15,529 502 16,031
Eliminated on disposal (182,248 ) - (182,248 )
At 31 December 2023 130,805 13,552 144,357
NET BOOK VALUE
At 31 December 2023 22,326 1,509 23,835
At 31 December 2022 30,708 2,011 32,719

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 101,031 186,801
Other debtors 81,563 81,563
Deferred tax asset 59,122 62,904
Prepayments and accrued income 3,248 534
244,964 331,802

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 10,099 9,850
Hire purchase contracts 13,330 13,784
Trade creditors 42,348 46,923
Social security and other taxes 11,109 4,319
VAT 16,383 12,133
Other creditors 8,658 65,357
Directors' current accounts 75,000 75,000
Accruals and deferred income - 4,200
176,927 231,566

COPLAN LIMITED (REGISTERED NUMBER: 02107680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans - 1-2 years 16,513 26,610
Hire purchase contracts - 13,330
16,513 39,940

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
510,000 Ordinary 0.01 5,100 5,100