COPPER TECHNOLOGY LIMITED

Company Registration Number:
06269254 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

COPPER TECHNOLOGY LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Notes

COPPER TECHNOLOGY LIMITED

Balance sheet

As at 31 August 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 738,655 727,852
Total fixed assets: 738,655 727,852
Current assets
Debtors: 4 457,649 231,905
Cash at bank and in hand: 102,023 26,296
Total current assets: 559,672 258,201
Creditors: amounts falling due within one year: 5 (264,428) (167,353)
Net current assets (liabilities): 295,244 90,848
Total assets less current liabilities: 1,033,899 818,700
Total net assets (liabilities): 1,033,899 818,700
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 1,033,889 818,690
Shareholders funds: 1,033,899 818,700

The notes form part of these financial statements

COPPER TECHNOLOGY LIMITED

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 October 2024
and signed on behalf of the board by:

Name: C Dilnot
Status: Director

The notes form part of these financial statements

COPPER TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of the contract is measured by comparing costs incurred for work performed to date to the total estimated contact costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates to calculated to write off cost, less estimated residual value, of each assets evenly over its expected useful life, as follows: Motor Vehicles 25% reducing balance Plant and machinery etc 25% reducing balance

Other accounting policies

Debtors Short term debtors are measured at transaction price (which us usually the invoice price), less any impairment losses for bad or doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction cost and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation A current tax liability is recogised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recogised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or subsequently enacted by the reporting date and that are expected to apply to the reversal of timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. Foreign currency translation Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. Pensions Contributions to defined contribution plans are expensed in the period to which they relate.

COPPER TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

2. Employees

2024 2023
Average number of employees during the period 4 4

COPPER TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible Assets

Total
Cost £
At 01 September 2023 833,116
Additions 58,770
At 31 August 2024 891,886
Depreciation
At 01 September 2023 105,264
Charge for year 47,967
At 31 August 2024 153,231
Net book value
At 31 August 2024 738,655
At 31 August 2023 727,852

COPPER TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 457,649 231,905

COPPER TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Creditors: amounts falling due within one year note

2024 2023 Taxation and social security costs 105,765 27,768 Other creditors 158,663 139,585 Total 264,428 167,353