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Registered number: 12113918
Copper Jax Contract Maintenance Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Brisan Accountancy Ltd
Canada House, First Floor, 20/20 Business Park
Maidstone
Kent
ME16 0LS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 12113918
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 761,211 399,424
761,211 399,424
CURRENT ASSETS
Stocks 5 197,975 157,976
Debtors 6 2,193,887 1,239,171
Cash at bank and in hand 100,692 35,483
2,492,554 1,432,630
Creditors: Amounts Falling Due Within One Year 7 (2,209,947 ) (1,242,134 )
NET CURRENT ASSETS (LIABILITIES) 282,607 190,496
TOTAL ASSETS LESS CURRENT LIABILITIES 1,043,818 589,920
Creditors: Amounts Falling Due After More Than One Year 8 (331,499 ) (191,920 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (173,073 ) (77,305 )
NET ASSETS 539,246 320,695
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 539,146 320,595
SHAREHOLDERS' FUNDS 539,246 320,695
Page 1
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For the year ending 31 July 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jonathan Tarling
Director
Mr Bradley Bough
Director
16 October 2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Copper Jax Contract Maintenance Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12113918 . The registered office is Unit 16 Lordswood Industrial Estate , Revenge Road , Chatham , Kent , ME5 8UD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20% on cost
Plant & Machinery 25% on cost
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on cost
Computer Equipment 25% on reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets.
Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives.
Assets acquired under hire purchase contracts are depreciated over their useful lives.

Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.


Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Lease incentives
The benefit of lease incentives are recognised in profit and loss account over the lease period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 43 (2023: 34)
43 34
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 August 2023 - 51,555 457,790 55,710
Additions 117,907 - 321,189 55,963
As at 31 July 2024 117,907 51,555 778,979 111,673
Depreciation
As at 1 August 2023 - 20,038 142,683 16,043
Provided during the period 11,185 11,639 98,202 11,719
As at 31 July 2024 11,185 31,677 240,885 27,762
Net Book Value
As at 31 July 2024 106,722 19,878 538,094 83,911
As at 1 August 2023 - 31,517 315,107 39,667
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Computer Equipment Total
£ £
Cost
As at 1 August 2023 19,180 584,235
Additions 3,499 498,558
As at 31 July 2024 22,679 1,082,793
Depreciation
As at 1 August 2023 6,047 184,811
Provided during the period 4,026 136,771
As at 31 July 2024 10,073 321,582
Net Book Value
As at 31 July 2024 12,606 761,211
As at 1 August 2023 13,133 399,424
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 508,047 202,510
5. Stocks
2024 2023
£ £
Work in progress 197,975 157,976
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,415,278 1,139,069
Prepayments and accrued income 92,767 34,768
Other debtors 36,509 50,220
Directors' loan accounts 229,847 15,114
Amounts owed by associates 392,538 -
2,166,939 1,239,171
Due after more than one year
Corporation tax recoverable assets 26,948 -
2,193,887 1,239,171
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 176,434 87,143
Trade creditors 784,136 475,366
Bank loans and overdrafts 27,159 9,964
Other loans 94,755 50,000
Corporation tax 75,644 7,313
Other taxes and social security 159,727 120,326
VAT 3,704 128,022
Net wages 18,701 -
Other creditors 3,438 30,265
Finance facility 775,608 261,147
Credit card 65,762 72,343
Accruals and deferred income 24,879 245
2,209,947 1,242,134
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 321,933 173,467
Bank loans 9,566 18,453
331,499 191,920
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 498,367 260,609
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 221,809 107,527
Later than one year and not later than five years 412,082 222,439
633,891 329,966
Less: Finance charges allocated to future periods 135,524 69,356
498,367 260,610
11. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances.
2024 2023
£ £
Other timing differences 173,073 77,305
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12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans due from directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Jonathan Tarling 15,114 239,733 25,000 - 229,847
Loans due from directors are charged interest on the outstanding balance at the HMRC official rate of interest.                   
14. Related Party Transactions
LKZ Group of Companies LtdA company under common control.At the year end LKZ Group of Companies Ltd owed Copper Jax Contract Maintenance Ltd £392,537. This is interest free and repayable on demand. Copper Jax Contract Maintenance Ltd also guaranteed a loan on behalf of LKZ Group of Companies Ltd to the value of £480,000.

LKZ Group of Companies Ltd

A company under common control.

At the year end LKZ Group of Companies Ltd owed Copper Jax Contract Maintenance Ltd £392,537. This is interest free and repayable on demand. Copper Jax Contract Maintenance Ltd also guaranteed a loan on behalf of LKZ Group of Companies Ltd to the value of £480,000.

15. Ultimate Controlling Party
The company's ultimate controlling party is Mr J Tarling by virtue of his majority ownership of the issued share capital in the company.
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