2023-04-01 09501636 2024-03-31 09501636 2023-04-01 2024-03-31 09501636 2023-03-31 09501636 2022-04-01 2023-03-31 09501636 uk-core:WithinOneYear 2023-03-31 09501636 uk-core:WithinOneYear 2024-03-31 09501636 uk-core:AfterOneYear 2023-03-31 09501636 uk-core:AfterOneYear 2024-03-31 09501636 uk-core:ShareCapital 2024-03-31 09501636 uk-core:ShareCapital 2023-03-31 09501636 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 09501636 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 09501636 uk-bus:Director1 2023-04-01 2024-03-31 09501636 uk-core:PlantMachinery 2023-04-01 2024-03-31 09501636 uk-core:WithinOneYear uk-core:Secured 2024-03-31 09501636 uk-core:WithinOneYear uk-core:Secured 2023-03-31 09501636 uk-core:WithinOneYear 2024-03-31 09501636 uk-core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure 09501636 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09501636 uk-bus:FRS102 2023-04-01 2024-03-31 09501636 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 09501636 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Coventry Spares Limited
Registered Number:09501636
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Coventry Spares Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
09501636
As at 31 March 2024
Coventry Spares Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
-
429
2
-
429
Current assets
Inventories
800
1,190
3
Trade and other receivables
1,182
2,180
4
2,802
Cash and cash equivalents
2,553
5,923
4,784
Trade and other payables: amounts falling due within one
year
(38,525)
(41,603)
5
(33,741)
(35,680)
Net current liabilities
Total assets less current liabilities
(35,680)
(33,312)
Trade and other payables: amounts falling due after more
than one year
(10,327)
(5,867)
6
(41,547)
Net liabilities
(43,639)
Capital and reserves
Called up share capital
1
1
Retained earnings
(41,548)
(43,640)
(41,547)
(43,639)
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Marcin Smusz Director
These financial statements were approved and authorised for issue by the Board on 27 November 2024 and were signed by:
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4
Registered Number :
09501636
For the year ended 31 March 2024
Coventry Spares Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 March 2024
Coventry Spares Limited
Notes to the Financial Statements
Statutory Information
Coventry Spares Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 09501636.
Registered address:
5 Old Winnings Road
Keresley End
Coventry
CV7 8JL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25 % Straight line
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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6
For the year ended 31 March 2024
Coventry Spares Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Plant and
machinery
£
Cost or
valuation
At 01 April 2023
1,719
At 31 March 2024
1,719
Provision for depreciation and impairment
At 01 April 2023
1,290
Charge for year
429
At 31 March 2024
1,719
At 31 March 2024
Net book value
-
At 31 March 2023
429
3. Inventories
2023
2024
£
£
Stocks
1,190
800
4. Trade and other receivables
2023
2024
£
£
Trade debtors
2,176
1,060
Other debtors
4
122
1,182
2,180
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
4,759
5,058
Bank loans and overdraft
10
-
Trade creditors
706
2,240
Taxation and social security
5,860
35
Other creditors
30,268
31,192
41,603
38,525
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7
For the year ended 31 March 2024
Coventry Spares Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
5,867
10,327
7. Average number of persons employed
During the year the average number of employees was 3 (2023 : 3)
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