2023-04-01 SC658401 2024-03-31 SC658401 2023-04-01 2024-03-31 SC658401 2023-03-31 SC658401 2022-04-01 2023-03-31 SC658401 uk-core:WithinOneYear 2023-03-31 SC658401 uk-core:WithinOneYear 2024-03-31 SC658401 uk-core:AfterOneYear 2023-03-31 SC658401 uk-core:AfterOneYear 2024-03-31 SC658401 uk-core:ShareCapital 2024-03-31 SC658401 uk-core:ShareCapital 2023-03-31 SC658401 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC658401 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC658401 uk-bus:Director1 2023-04-01 2024-03-31 SC658401 uk-core:NetworkAssets 2023-03-31 SC658401 uk-core:MotorCars 2023-03-31 SC658401 uk-core:PlantMachinery 2023-03-31 SC658401 uk-core:NetworkAssets 2023-04-01 2024-03-31 SC658401 uk-core:MotorCars 2023-04-01 2024-03-31 SC658401 uk-core:PlantMachinery 2023-04-01 2024-03-31 SC658401 uk-core:PlantMachinery 2024-03-31 SC658401 uk-core:MotorCars 2024-03-31 SC658401 uk-core:NetworkAssets 2024-03-31 SC658401 uk-core:WithinOneYear 2024-03-31 SC658401 uk-core:WithinOneYear 2023-03-31 SC658401 uk-core:AfterOneYear uk-core:Secured 2024-03-31 SC658401 uk-core:AfterOneYear uk-core:Secured 2023-03-31 iso4217:GBP xbrli:pure SC658401 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC658401 uk-bus:FRS102 2023-04-01 2024-03-31 SC658401 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 SC658401 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Covey Ltd
Registered Number:SC658401
For the year ended 31 March 2024
Scotland
Unaudited Financial Statements
2
For the year ended 31 March 2024
Covey Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
SC658401
As at 31 March 2024
Covey Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
737,643
350,530
2
737,643
350,530
Current assets
Trade and other receivables
122,883
209,167
3
8,579
Cash and cash equivalents
55,546
264,713
131,462
Trade and other payables: amounts falling due within one
year
(107,178)
(344,463)
4
24,284
(79,750)
Net current liabilities
Total assets less current liabilities
657,893
374,814
Trade and other payables: amounts falling due after more
than one year
(272,207)
(505,846)
5
152,047
Net assets
102,607
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
151,047
101,607
152,047
102,607
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.
Victor John Scott Director
These financial statements were approved and authorised for issue by the Board on 13 January 2025 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 March 2024
Covey Ltd
Notes to the Financial Statements
Statutory Information
Covey Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number SC658401.
Registered address:
1 Pringles Place
Pencaitland
Tranent
East Lothian
EH34 5BT
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.
2. Property, plant and equipment
Total
Website/Doma
i
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 April 2023
375,942
-
371,000
4,942
390,315
150,000
226,832
13,483
Additions
At 31 March 2024
18,425
597,832
150,000
766,257
Provision for depreciation and impairment
At 01 April 2023
25,412
-
23,000
2,412
Charge for year
3,202
-
-
3,202
At 31 March 2024
28,614
-
23,000
5,614
At 31 March 2024
Net book value
12,811
574,832
150,000
737,643
At 31 March 2023
2,530
348,000
-
350,530
3. Trade and other receivables
2023
2024
£
£
Trade debtors
143,786
122,883
Other debtors
65,381
-
122,883
209,167
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5
For the year ended 31 March 2024
Covey Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
7,000
-
Trade creditors
44,928
12,217
Taxation and social security
235,465
55,562
Other creditors
57,070
39,399
344,463
107,178
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
505,846
-
Trade creditors
-
272,207
505,846
272,207
6. Average number of persons employed
During the year the average number of employees was 0
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