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COMPANY REGISTRATION NUMBER: 09068886
Coppins Marr Limited
Filleted Unaudited Financial Statements
31 March 2024
Coppins Marr Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
1,313
1,429
Current assets
Debtors
6
1,972
2,196
Cash at bank and in hand
24,434
36,509
--------
--------
26,406
38,705
Creditors: amounts falling due within one year
7
7,986
11,800
--------
--------
Net current assets
18,420
26,905
--------
--------
Total assets less current liabilities
19,733
28,334
--------
--------
Net assets
19,733
28,334
--------
--------
Capital and reserves
Called up share capital
8
2
2
Profit and loss account
19,731
28,332
--------
--------
Shareholders funds
19,733
28,334
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Coppins Marr Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 22 November 2024 , and are signed on behalf of the board by:
Mr A K Jackson
Director
Company registration number: 09068886
Coppins Marr Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Equipment
£
Cost
At 1 April 2023
3,173
Additions
280
-------
At 31 March 2024
3,453
-------
Depreciation
At 1 April 2023
1,744
Charge for the year
396
-------
At 31 March 2024
2,140
-------
Carrying amount
At 31 March 2024
1,313
-------
At 31 March 2023
1,429
-------
6. Debtors
2024
2023
£
£
Prepayments and accrued income
1,972
2,014
Director's loan account
182
-------
-------
1,972
2,196
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
2,094
2,022
Corporation tax
1,059
5,392
Social security and other taxes
4,521
4,386
Director loan accounts
312
-------
--------
7,986
11,800
-------
--------
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary A shares of £ 1 each
1
1
1
1
Ordinary B shares of £ 1 each
1
1
1
1
----
----
----
----
2
2
2
2
----
----
----
----
9. Director's advances, credits and guarantees
At the year end the company owed the director £312 (2023: £182 was owed by the director) by way of a directors loan account. This loan, which is shown amongst creditors, is interest free and repayable on demand.