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REGISTERED NUMBER: 04350546 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

COPLEYS (LEEDS) LIMITED

COPLEYS (LEEDS) LIMITED (REGISTERED NUMBER: 04350546)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

COPLEYS (LEEDS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr W Swordy
Mrs Z Pearson





REGISTERED OFFICE: The Bank
145 Wellington Road
Leeds
West Yorkshire
LS12 1DX





REGISTERED NUMBER: 04350546 (England and Wales)





ACCOUNTANTS: G L Barker & Co LLP
Chartered Certified Accountants
49 Austhorpe Road
Cross Gates
Leeds
LS15 8BA

COPLEYS (LEEDS) LIMITED (REGISTERED NUMBER: 04350546)

ABRIDGED BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 256,803 279,134
Tangible assets 5 17,606 18,129
Investment property 6 751,653 545,000
1,026,062 842,263

CURRENT ASSETS
Debtors 15,021 15,163
Prepayments and accrued income 4,963 6,244
Cash at bank and in hand 189,567 273,460
209,551 294,867
CREDITORS
Amounts falling due within one year 75,653 97,017
NET CURRENT ASSETS 133,898 197,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,159,960

1,040,113

CREDITORS
Amounts falling due after more than one
year

18,240

29,257
NET ASSETS 1,141,720 1,010,856

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 (15,631 ) (15,631 )
Retained earnings 1,157,251 1,026,387
SHAREHOLDERS' FUNDS 1,141,720 1,010,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

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

COPLEYS (LEEDS) LIMITED (REGISTERED NUMBER: 04350546)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





Mr W Swordy - Director


COPLEYS (LEEDS) LIMITED (REGISTERED NUMBER: 04350546)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Copleys (Leeds) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 7 (2023 - 7 ) .

COPLEYS (LEEDS) LIMITED (REGISTERED NUMBER: 04350546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 482,688
AMORTISATION
At 1 February 2023 203,554
Amortisation for year 22,331
At 31 January 2024 225,885
NET BOOK VALUE

At 31 January 2024 256,803
At 31 January 2023 279,134

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 79,943
Additions 5,346
At 31 January 2024 85,289
DEPRECIATION
At 1 February 2023 61,814
Charge for year 5,869
At 31 January 2024 67,683
NET BOOK VALUE
At 31 January 2024 17,606
At 31 January 2023 18,129

COPLEYS (LEEDS) LIMITED (REGISTERED NUMBER: 04350546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 February 2023 17,471
Transfer to ownership (17,471 )
At 31 January 2024 -
DEPRECIATION
At 1 February 2023 10,100
Charge for year 1,843
Transfer to ownership (11,943 )
At 31 January 2024 -
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 7,371

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 545,000
Additions 206,653
At 31 January 2024 751,653
NET BOOK VALUE
At 31 January 2024 751,653
At 31 January 2023 545,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2023 (15,631 )
Cost 767,284
751,653

7. RESERVES
Fair
value
reserve
£   
At 1 February 2023
and 31 January 2024 (15,631 )

COPLEYS (LEEDS) LIMITED (REGISTERED NUMBER: 04350546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
Mr W Swordy
Balance outstanding at start of year 1,679 1,679
Amounts repaid (1,679 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,679

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
COPLEYS (LEEDS) LIMITED

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Copleys (Leeds) Limited for the year ended 31 January 2024 which comprise the Profit and Loss Account, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Copleys (Leeds) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Copleys (Leeds) Limited and state those matters that we have agreed to state to the Board of Directors of Copleys (Leeds) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Copleys (Leeds) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Copleys (Leeds) Limited. You consider that Copleys (Leeds) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Copleys (Leeds) Limited. 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 statutory financial statements.






G L Barker & Co LLP
Chartered Certified Accountants
49 Austhorpe Road
Cross Gates
Leeds
LS15 8BA


24 September 2024