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REGISTERED NUMBER: 08827211 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Covo Rail & Surveying Connections Ltd

Covo Rail & Surveying Connections Ltd (Registered number: 08827211)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Covo Rail & Surveying Connections Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr Stuart William Coventry





REGISTERED OFFICE: Connect Business Village
24 Derby Road
Unit 5, 1st Floor
Liverpool
Merseyside
L5 9PR





REGISTERED NUMBER: 08827211 (England and Wales)





ACCOUNTANTS: LJS Accounting Services (UK) Ltd
Unit 5, 1st Floor
Connect Business Village
24 Derby Road
Liverpool
Merseyside
L5 9PR

Covo Rail & Surveying Connections Ltd (Registered number: 08827211)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 785 1,047

CURRENT ASSETS
Debtors 5 90,244 90,000
Cash at bank 96,023 107,187
186,267 197,187
CREDITORS
Amounts falling due within one year 6 65,127 71,427
NET CURRENT ASSETS 121,140 125,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,925

126,807

PROVISIONS FOR LIABILITIES - 199
NET ASSETS 121,925 126,608

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 121,825 126,508
SHAREHOLDERS' FUNDS 121,925 126,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 6 February 2024 and were signed by:




Mr Stuart William Coventry - Director


Covo Rail & Surveying Connections Ltd (Registered number: 08827211)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Covo Rail & Surveying Connections 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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Covo Rail & Surveying Connections Ltd (Registered number: 08827211)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 6,092 1,393 7,485
DEPRECIATION
At 1 January 2023 5,267 1,171 6,438
Charge for year 206 56 262
At 31 December 2023 5,473 1,227 6,700
NET BOOK VALUE
At 31 December 2023 619 166 785
At 31 December 2022 825 222 1,047

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 90,000 90,000
Other debtors 244 -
90,244 90,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 25,630 7,780
Other creditors 39,497 63,647
65,127 71,427

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 January 2023 126,508
Deficit for the year (4,683 )
At 31 December 2023 121,825