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REGISTERED NUMBER: 02350205 (England and Wales)

























Financial Statements

for the Year Ended 30 June 2024

for

CopriSystems Limited

CopriSystems Limited (Registered number: 02350205)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CopriSystems Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: R O N Colenso
Mrs A R Colenso





SECRETARY: Mrs A R Colenso





REGISTERED OFFICE: CDL Business Park
Lower Road
Erlestoke
Devizes
Wiltshire
SN10 5UE





REGISTERED NUMBER: 02350205 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

CopriSystems Limited (Registered number: 02350205)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 562,998 592,090
Investments 5 1 1
562,999 592,091

CURRENT ASSETS
Stocks 75,000 10,000
Debtors 6 490,493 46,531
Cash at bank and in hand 45,040 158,685
610,533 215,216
CREDITORS
Amounts falling due within one year 7 866,756 403,708
NET CURRENT LIABILITIES (256,223 ) (188,492 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

306,776

403,599

CREDITORS
Amounts falling due after more than
one year

8

45,811

67,199
NET ASSETS 260,965 336,400

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 260,962 336,397
SHAREHOLDERS' FUNDS 260,965 336,400

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

CopriSystems Limited (Registered number: 02350205)

Balance Sheet - continued
30 June 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 20 November 2024 and were signed on its behalf by:





R O N Colenso - Director


CopriSystems Limited (Registered number: 02350205)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

CopriSystems 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 5% on cost
Plant and machinery etc - 25% on reducing balance, 25% on cost and 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

CopriSystems Limited (Registered number: 02350205)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 317,358 495,002 812,360
Additions - 17,104 17,104
Disposals - (59,750 ) (59,750 )
At 30 June 2024 317,358 452,356 769,714
DEPRECIATION
At 1 July 2023 - 220,270 220,270
Charge for year - 33,446 33,446
Eliminated on disposal - (47,000 ) (47,000 )
At 30 June 2024 - 206,716 206,716
NET BOOK VALUE
At 30 June 2024 317,358 245,640 562,998
At 30 June 2023 317,358 274,732 592,090

CopriSystems Limited (Registered number: 02350205)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023 48,416
Disposals (17,000 )
At 30 June 2024 31,416
DEPRECIATION
At 1 July 2023 12,104
Charge for year 7,854
Eliminated on disposal (4,250 )
At 30 June 2024 15,708
NET BOOK VALUE
At 30 June 2024 15,708
At 30 June 2023 36,312

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 1
NET BOOK VALUE
At 30 June 2024 1
At 30 June 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 466,236 34,051
Other debtors 24,257 12,480
490,493 46,531

CopriSystems Limited (Registered number: 02350205)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 540,952 77,841
Other creditors 325,804 325,867
866,756 403,708

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 45,811 67,199