2022-09-29 05940346 2023-09-27 05940346 2022-09-29 2023-09-27 05940346 2022-09-28 05940346 2021-09-29 2022-09-28 05940346 uk-core:WithinOneYear 2022-09-28 05940346 uk-core:WithinOneYear 2023-09-27 05940346 uk-core:AfterOneYear 2022-09-28 05940346 uk-core:AfterOneYear 2023-09-27 05940346 uk-core:ShareCapital 2023-09-27 05940346 uk-core:ShareCapital 2022-09-28 05940346 uk-core:RetainedEarningsAccumulatedLosses 2023-09-27 05940346 uk-core:RetainedEarningsAccumulatedLosses 2022-09-28 05940346 uk-bus:Director1 2022-09-29 2023-09-27 05940346 uk-core:PlantMachinery 2022-09-29 2023-09-27 05940346 uk-core:MotorVehicles 2022-09-29 2023-09-27 05940346 uk-core:ToolsEquipment 2022-09-29 2023-09-27 05940346 uk-core:ToolsEquipment 2022-09-28 05940346 uk-core:MotorVehicles 2022-09-28 05940346 uk-core:PlantMachinery 2022-09-28 05940346 uk-core:PlantMachinery 2023-09-27 05940346 uk-core:MotorVehicles 2023-09-27 05940346 uk-core:ToolsEquipment 2023-09-27 05940346 uk-core:WithinOneYear 2023-09-27 05940346 uk-core:WithinOneYear 2022-09-28 05940346 uk-core:WithinOneYear 2022-09-29 2023-09-27 05940346 uk-core:AfterOneYear uk-core:Secured 2023-09-27 05940346 uk-core:AfterOneYear uk-core:Secured 2022-09-28 05940346 uk-core:AfterOneYear 2022-09-29 2023-09-27 05940346 2 uk-bus:Director1 2022-09-29 2023-09-27 05940346 2 uk-bus:Director1 2023-09-27 05940346 2 uk-bus:Director1 2022-09-28 iso4217:GBP xbrli:pure 05940346 uk-bus:AuditExemptWithAccountantsReport 2022-09-29 2023-09-27 05940346 uk-bus:FRS102 2022-09-29 2023-09-27 05940346 uk-bus:FilletedAccounts 2022-09-29 2023-09-27 05940346 uk-bus:PrivateLimitedCompanyLtd 2022-09-29 2023-09-27
Cove Property Services Limited
Registered Number:05940346
For the period ended 27 September 2023
England and Wales
Unaudited Financial Statements
2
For the period ended 27 September 2023
Cove Property Services Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
05940346
As at 27 September 2023
Cove Property Services Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
5,367
7,156
2
5,367
7,156
Current assets
Trade and other receivables
5,727
2,124
3
9,805
Cash and cash equivalents
15,000
17,124
15,532
Trade and other payables: amounts falling due within one
year
(10,325)
(11,601)
4
5,207
5,523
Net current assets
Total assets less current liabilities
10,890
12,363
Trade and other payables: amounts falling due after more
than one year
(11,000)
(7,000)
5
(1,020)
(1,360)
Provisions for liabilities
2,870
Net assets
3
Capital and reserves
Called up share capital
1
1
Retained earnings
2,869
2
2,870
3
Shareholders' funds
For the period ended 27 September 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period ended 27 September 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
P Minns Director
These financial statements were approved and authorised for issue by the Board on 20 September 2024 and were signed by:
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4
Registered Number :
05940346
For the period ended 27 September 2023
Cove Property Services Limited
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 4
5
For the period ended 27 September 2023
Cove Property Services Limited
Notes to the Financial Statements
Statutory Information
Cove Property Services Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05940346.
Principal place of business:
5 Grafton Road
Plymouth
PL4 6QR
Registered address:
Pilgrim House
Oxford Place
Plymouth
PL1 5AJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25 Reducing balance
25 Reducing balance
Motor Vehicles
33 Reducing balance
Furniture and Fittings
2. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 29 September 2022
27,588
5,440
16,427
5,721
At 27 September 2023
5,721
16,427
5,440
27,588
Provision for depreciation and impairment
At 29 September 2022
20,432
3,587
12,529
4,316
Charge for period
1,789
463
975
351
At 27 September 2023
22,221
4,050
13,504
4,667
At 27 September 2023
Net book value
1,054
2,923
1,390
5,367
At 28 September 2022
1,405
3,898
1,853
7,156
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6
For the period ended 27 September 2023
Cove Property Services Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2022
2023
£
£
Other debtors
2,124
5,727
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
-
4,000
Taxation and social security
6,477
5,035
Other creditors
5,124
1,290
11,601
10,325
Included within taxation and social security is corporation tax of £2,922 (2022: £1,680).
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
-
11,000
Other creditors
7,000
-
7,000
11,000
On 20 June 2020 the company took out the government bounce back loan. The loan is over a 72 month period, with the first repayment being due 13 months after the funds were received. The government has covered the interest on the first 12 months of the loan.
6. Related party transactions
Dividends of £8,060 were paid to the director in the period.
The company is under the effective control of its director.
7. Directors advances and guarantees
At 29/09/2022
Loaned
Repaid
At 27/09/2023
£
£
£
£
P Minns
Loan from the director
(1,026)
(5,460)
6,434
2,000
(1,026)
(5,460)
6,434
2,000
8. Average number of persons employed
During the year the average number of employees was 3 (2022 : 3)
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