2023-01-01 2023-12-31 false No description of principal activity Acting Office - Tax and Accounts 1.0 09347978 bus:FullAccounts 2023-01-01 2023-12-31 09347978 bus:FRS102 2023-01-01 2023-12-31 09347978 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09347978 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09347978 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09347978 2023-01-01 2023-12-31 09347978 2023-12-31 09347978 bus:RegisteredOffice 2023-01-01 2023-12-31 09347978 core:WithinOneYear 2023-12-31 09347978 core:AfterOneYear 2023-12-31 09347978 2022-01-01 09347978 bus:Director1 2023-01-01 2023-12-31 09347978 bus:Director1 2023-12-31 09347978 bus:Director1 2022-01-01 2022-12-31 09347978 bus:Director2 2023-01-01 2023-12-31 09347978 bus:Director2 2023-12-31 09347978 bus:Director2 2022-01-01 2022-12-31 09347978 bus:CompanySecretary1 2023-01-01 2023-12-31 09347978 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 09347978 2022-01-01 2022-12-31 09347978 2022-12-31 09347978 core:WithinOneYear 2022-12-31 09347978 core:AfterOneYear 2022-12-31 09347978 bus:EntityAccountantsOrAuditors 2022-01-01 2022-12-31 09347978 core:FurnitureFittings 2023-01-01 2023-12-31 09347978 core:FurnitureFittings 2023-12-31 09347978 core:FurnitureFittings 2022-12-31 09347978 core:ComputerEquipment 2023-01-01 2023-12-31 09347978 core:ComputerEquipment 2023-12-31 09347978 core:ComputerEquipment 2022-12-31 09347978 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-12-31 09347978 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-12-31 09347978 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 09347978 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 09347978 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-12-31 09347978 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 09347978 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 09347978 core:Non-currentFinancialInstruments 2023-12-31 09347978 core:Non-currentFinancialInstruments 2022-12-31 09347978 core:ShareCapital 2023-12-31 09347978 core:ShareCapital 2022-12-31 09347978 core:RevaluationReserve 2023-12-31 09347978 core:RevaluationReserve 2022-12-31 09347978 core:RetainedEarningsAccumulatedLosses 2023-12-31 09347978 core:RetainedEarningsAccumulatedLosses 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 09347978
England and Wales

 

 

 


Report of the Directors and Unaudited Financial Statements

for the year ended 31 December 2023

for

COVARIANCE LTD

 
 
Notes
 
2023
£
  2022
£
Fixed assets
Tangible fixed assets 2 1,693    1,539 
1,693    1,539 
Current assets
Debtors 3 44,032    49,332 
Cash at bank and in hand 173,589    186,357 
217,621    235,689 
Creditors: amount falling due within one year 4 (1,017)   (14,059)
Net current assets 216,604    221,630 
 
Total assets less current liabilities 218,297    223,169 
Accrued liabilities (26)   (513)
Net assets 218,271    222,656 
 

Capital and reserves
Called up share capital 10    10 
Reserves 5 8,962   
Profit and loss account 6 209,299    222,646 
Shareholders fund 218,271    222,656 
 
For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors:


----------------------------------
Carrie-Anne Louise Thomson
Director

Date approved: 24 September 2024
1
Statutory Information
COVARIANCE LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 09347978, registration address Pendell House Pendell Road, Bletchingley, Redhill, Surrey, RH1 4QH.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
COVARIANCE LTD
2.

Tangible fixed assets

Cost or Valuation Fixtures and fittings   Computer equipment   Total
  £   £   £
At 01 January 2023 1,207    9,170    10,377 
Additions   833    833 
Disposals   (7,797)   (7,797)
At 31 December 2023 1,207    2,206    3,413 
Depreciation
At 01 January 2023 698    8,140    8,838 
Charge for year 127    552    679 
On disposals   (7,797)   (7,797)
At 31 December 2023 825    895    1,720 
Net book values
Closing balance as at 31 December 2023 382    1,311    1,693 
Opening balance as at 01 January 2023 509    1,030    1,539 

3.

Debtors: amounts falling due within one year

2023
£
  2022
£
Other debtors 34,600    41,800 
S455 tax  
Prepayments 381    155 
Directors' current accounts 8,223    7,265 
Corporation tax 821   
VAT   105 
44,032    49,332 
4.

Creditors: amount falling due within one year

2023
£
  2022
£
Business credit card 12   
Corporation tax   13,913 
Social security & other tax 146    146 
VAT 859   
1,017    14,059 
5.

Reserves

2023
£
  2022
£
Investments w/off / revalued 8,962   
8,962   
6.

Profit and loss account

  2023
£
Balance at 01 January 2023 222,646 
Loss for the year (6,347)
Equity dividend paid (7,000)
Balance at 31 December 2023 209,299 

7.

Average number of employees

Average number of employees during the year were 2  (2022: 2).
8.

Directors current account

At the year-end the director owed the company £8,222.77. The loan is interest-free, unsecured and has no set repayment terms.
2