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REGISTERED NUMBER: 07173055 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Coity Engineering and Site Services Ltd

Coity Engineering and Site Services Ltd (Registered number: 07173055)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Coity Engineering and Site Services Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: G Thomas





SECRETARY:





REGISTERED OFFICE: Unit 11 Ogmore Crescent
Bridgend Industrial Estate
Bridgend
Bridgend
CF31 3TE





REGISTERED NUMBER: 07173055 (England and Wales)





ACCOUNTANTS: WILLIAMS JENKINS & CO LIMITED
3 HANNAH STREET
PORTH
Rhondda Cynon Taff
CF39 9PU

Coity Engineering and Site Services Ltd (Registered number: 07173055)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,638 5,557

CURRENT ASSETS
Stocks 19,400 23,300
Debtors 5 223,464 195,244
Cash at bank 38,474 50,065
281,338 268,609
CREDITORS
Amounts falling due within one year 6 99,518 114,193
NET CURRENT ASSETS 181,820 154,416
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,458

159,973

CREDITORS
Amounts falling due after more than one year 7 12,040 21,615
NET ASSETS 173,418 138,358

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 173,416 138,356
173,418 138,358

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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 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.

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 director and authorised for issue on 3 December 2024 and were signed by:





G Thomas - Director


Coity Engineering and Site Services Ltd (Registered number: 07173055)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Coity Engineering and Site Services Ltd 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.
Plant and machinery etc - 25% on cost

Stocks
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 items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2023 - 4 ) .

Coity Engineering and Site Services Ltd (Registered number: 07173055)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 111,543
Additions 2,029
At 31 March 2024 113,572
DEPRECIATION
At 1 April 2023 105,986
Charge for year 3,948
At 31 March 2024 109,934
NET BOOK VALUE
At 31 March 2024 3,638
At 31 March 2023 5,557

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 106,126 94,565
Amounts owed by associates 27,885 27,379
Other debtors 89,453 73,300
223,464 195,244

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,184 12,153
Trade creditors 19,927 36,843
Taxation and social security 62,521 60,562
Other creditors 6,886 4,635
99,518 114,193

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,040 21,615