Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08956683 Mrs O M Alawneh Mr J A Muqbel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08956683 2023-03-31 08956683 2024-03-31 08956683 2023-04-01 2024-03-31 08956683 frs-core:CurrentFinancialInstruments 2024-03-31 08956683 frs-core:Non-currentFinancialInstruments 2024-03-31 08956683 frs-core:FurnitureFittings 2024-03-31 08956683 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08956683 frs-core:FurnitureFittings 2023-03-31 08956683 frs-core:PlantMachinery 2024-03-31 08956683 frs-core:PlantMachinery 2023-04-01 2024-03-31 08956683 frs-core:PlantMachinery 2023-03-31 08956683 frs-core:ShareCapital 2024-03-31 08956683 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08956683 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08956683 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08956683 frs-bus:SmallEntities 2023-04-01 2024-03-31 08956683 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08956683 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08956683 frs-bus:Director1 2023-04-01 2024-03-31 08956683 frs-bus:Director2 2023-04-01 2024-03-31 08956683 frs-countries:EnglandWales 2023-04-01 2024-03-31 08956683 2022-03-31 08956683 2023-03-31 08956683 2022-04-01 2023-03-31 08956683 frs-core:CurrentFinancialInstruments 2023-03-31 08956683 frs-core:Non-currentFinancialInstruments 2023-03-31 08956683 frs-core:ShareCapital 2023-03-31 08956683 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08956683
Copper Ville Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08956683
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 262,362 262,819
262,362 262,819
CURRENT ASSETS
Stocks 5 574,000 460,775
Debtors 6 886 10,680
Cash at bank and in hand 24,109 23,861
598,995 495,316
Creditors: Amounts Falling Due Within One Year 7 (146,081 ) (42,457 )
NET CURRENT ASSETS (LIABILITIES) 452,914 452,859
TOTAL ASSETS LESS CURRENT LIABILITIES 715,276 715,678
Creditors: Amounts Falling Due After More Than One Year 8 (700,000 ) (700,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (175 ) (250 )
NET ASSETS 15,101 15,428
CAPITAL AND RESERVES
Called up share capital 9 15,000 15,000
Profit and Loss Account 101 428
SHAREHOLDERS' FUNDS 15,101 15,428
Page 1
Page 2
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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J A Muqbel
Director
31 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Copper Ville Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08956683 . The registered office is 21a Oaklands Court Green Lane, Addlestone, KT15 2TF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on cost
Investment Property 0% as the Directors believe its value exceeds cost
2.3. Investment Properties
The investment property is shown at original cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Investment Property Total
£ £ £
Cost
As at 1 April 2023 1,826 261,450 263,276
As at 31 March 2024 1,826 261,450 263,276
Depreciation
As at 1 April 2023 457 - 457
Provided during the period 457 - 457
As at 31 March 2024 914 - 914
Net Book Value
As at 31 March 2024 912 261,450 262,362
As at 1 April 2023 1,369 261,450 262,819
5. Stocks
2024 2023
£ £
Stock and Work in Progress 574,000 460,775
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 7,739
VAT 886 2,941
886 10,680
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 6,737 7,234
Other taxes and social security - 2,135
Rent received in advance 24,750 -
Directors' loan accounts 114,594 33,088
146,081 42,457
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 700,000 700,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 15,000 15,000
10. Related Party Transactions
The company is controlled by the Directors who are owed £814594 (2023-£733088) at the year-end.
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