Registered number
07854613
Copues Construction Ltd
Unaudited Filleted Accounts
30 November 2023
Copues Construction Ltd
Registered number: 07854613
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 22,662 26,502
Current assets
Debtors 4 423,466 224,705
Cash at bank and in hand 201,120 370,194
624,586 594,899
Creditors: amounts falling due within one year 5 (82,477) (78,364)
Net current assets 542,109 516,535
Total assets less current liabilities 564,771 543,037
Creditors: amounts falling due after more than one year 6 (16,667) (26,667)
Net assets 548,104 516,370
Capital and reserves
Called up share capital 2 2
Profit and loss account 548,102 516,368
Shareholders' funds 548,104 516,370
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Michael Copues
Director
Approved by the board on 5 November 2024
Copues Construction Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 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 a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
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 calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 6,700 55,740 62,440
At 30 November 2023 6,700 55,740 62,440
Depreciation
At 1 December 2022 6,700 29,238 35,938
Charge for the year - 3,840 3,840
At 30 November 2023 6,700 33,078 39,778
Net book value
At 30 November 2023 - 22,662 22,662
At 30 November 2022 - 26,502 26,502
4 Debtors 2023 2022
£ £
Trade debtors 115,448 170,422
Other debtors 308,018 54,283
423,466 224,705
The other debtors include a loan to Copues Properties Ltd, a company controlled by the directors and their associates. The loan is repayale on demand and the interest rate applicable is 2.25%.
The amount outstanding as of 30 November 2023 was £251,405.
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 3,328 2,861
Taxation and social security costs 49,460 42,897
Other creditors 19,689 22,606
82,477 78,364
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 16,667 26,667
7 Other information
Copues Construction Ltd is a private company limited by shares and incorporated in England. Its registered office is:
41 Baldock Street
Ware
Herts.
SG12 9DH
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