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REGISTERED NUMBER: NI059633 (Northern Ireland)











Copas Technologies Ltd.

Unaudited Financial Statements

for the Year Ended 30 June 2024






Copas Technologies Ltd. (Registered number: NI059633)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Copas Technologies Ltd.

Company Information
for the Year Ended 30 June 2024







DIRECTORS: S Copas
P Burke
Mrs V A Ireland





SECRETARY: Mrs M Copas





REGISTERED OFFICE: Unit 8 - 12
Binnion Enterprise Park Kilkeel
Newry
Co. Down
BT34 4AX





REGISTERED NUMBER: NI059633 (Northern Ireland)





ACCOUNTANTS: S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN

Copas Technologies Ltd.

Report of the Accountants to the Directors of
Copas Technologies Ltd.


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2024 set out on pages four to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN


19 September 2024

Copas Technologies Ltd. (Registered number: NI059633)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,658,290 1,834,202

CURRENT ASSETS
Stocks 450,531 609,397
Debtors 5 1,306,587 1,479,664
Cash at bank and in hand 439,244 45,295
2,196,362 2,134,356
CREDITORS
Amounts falling due within one year 6 2,100,130 2,146,324
NET CURRENT ASSETS/(LIABILITIES) 96,232 (11,968 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,754,522

1,822,234

CREDITORS
Amounts falling due after more than
one year

7

(951,104

)

(1,475,679

)

PROVISIONS FOR LIABILITIES (286,734 ) (255,935 )

ACCRUALS AND DEFERRED INCOME - (11,250 )
NET ASSETS 516,684 79,370

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 516,582 79,268
SHAREHOLDERS' FUNDS 516,684 79,370

Copas Technologies Ltd. (Registered number: NI059633)

Balance Sheet - continued
30 June 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

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 19 September 2024 and were signed on its behalf by:





S Copas - Director


Copas Technologies Ltd. (Registered number: NI059633)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Copas Technologies Ltd. is a private company, limited by shares , registered in Northern Ireland. 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.

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 - at variable rates on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Copas Technologies Ltd. (Registered number: NI059633)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued
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.

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 49 (2023 - 45 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 3,292,648 213,298 12,795 3,518,741
DEPRECIATION
At 1 July 2023 1,568,494 114,765 1,280 1,684,539
Charge for year 164,908 9,853 1,151 175,912
At 30 June 2024 1,733,402 124,618 2,431 1,860,451
NET BOOK VALUE
At 30 June 2024 1,559,246 88,680 10,364 1,658,290
At 30 June 2023 1,724,154 98,533 11,515 1,834,202

Copas Technologies Ltd. (Registered number: NI059633)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,013,473 1,272,114
Other debtors 293,114 207,550
1,306,587 1,479,664

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 172,817 155,443
Hire purchase contracts 481,472 398,642
Trade creditors 342,692 725,525
Taxation and social security 418,354 208,720
Other creditors 684,795 657,994
2,100,130 2,146,324

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 150,692 303,333
Hire purchase contracts 582,996 1,064,469
Other creditors 217,416 107,877
951,104 1,475,679