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REGISTERED NUMBER: 06202005 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

COYLE SURFACING LIMITED

COYLE SURFACING LIMITED (REGISTERED NUMBER: 06202005)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COYLE SURFACING LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S W Coyle
Mrs N M Coyle





SECRETARY: Mrs N M Coyle





REGISTERED OFFICE: Llys-Buallt
Cnwch-y-Llo Lane
Hospital Road
Builth Wells
Powys
LD2 3HE





REGISTERED NUMBER: 06202005 (England and Wales)





ACCOUNTANT: N E Sears ATT
NESTAX Limited
9 Church Street
Builth Wells
Powys
LD2 3AP

COYLE SURFACING LIMITED (REGISTERED NUMBER: 06202005)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,498,242 1,564,592

CURRENT ASSETS
Stocks 20,000 78,544
Debtors 5 787,914 827,892
Investments 6 500,000 500,000
Cash at bank 1,365,307 1,056,077
2,673,221 2,462,513
CREDITORS
Amounts falling due within one year 7 595,994 680,091
NET CURRENT ASSETS 2,077,227 1,782,422
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,575,469

3,347,014

PROVISIONS FOR LIABILITIES 200,435 164,678
NET ASSETS 3,375,034 3,182,336

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 3,374,834 3,182,136
SHAREHOLDERS' FUNDS 3,375,034 3,182,336

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

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

COYLE SURFACING LIMITED (REGISTERED NUMBER: 06202005)

Balance Sheet - continued
31 MARCH 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2024 and were signed on its behalf by:





S W Coyle - Director


COYLE SURFACING LIMITED (REGISTERED NUMBER: 06202005)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Coyle Surfacing 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

COYLE SURFACING LIMITED (REGISTERED NUMBER: 06202005)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 671,145 1,499,023 25,311
Additions - 64,725 1,159
Disposals - (25,000 ) -
At 31 March 2024 671,145 1,538,748 26,470
DEPRECIATION
At 1 April 2023 - 716,660 6,223
Charge for year - 82,209 2,025
At 31 March 2024 - 798,869 8,248
NET BOOK VALUE
At 31 March 2024 671,145 739,879 18,222
At 31 March 2023 671,145 782,363 19,088

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 427,921 12,248 2,635,648
Additions - - 65,884
Disposals - - (25,000 )
At 31 March 2024 427,921 12,248 2,676,532
DEPRECIATION
At 1 April 2023 339,823 8,350 1,071,056
Charge for year 22,025 975 107,234
At 31 March 2024 361,848 9,325 1,178,290
NET BOOK VALUE
At 31 March 2024 66,073 2,923 1,498,242
At 31 March 2023 88,098 3,898 1,564,592

COYLE SURFACING LIMITED (REGISTERED NUMBER: 06202005)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 586,902 626,366
Other debtors 201,012 201,526
787,914 827,892

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
NFU Mutual Select Investment 500,000 500,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 311,205 428,122
Taxation and social security 259,557 167,495
Other creditors 25,232 84,474
595,994 680,091