Company Registration No. NI669206 (Northern Ireland)
COVIMRO LTD
Unaudited accounts
for the year ended 31 May 2024
COVIMRO LTD
Unaudited accounts
Contents
COVIMRO LTD
Company Information
for the year ended 31 May 2024
Director
James Alexander Lindberg
Company Number
NI669206 (Northern Ireland)
Registered Office
Unit 543 Moat House
54 Bloomfield Avenue
Belfast
County Antrim
BT5 5AD
Northern Ireland
Accountants
Olaando Consulting Ltd
7 Bell Yard
London
WC2A 2JR
COVIMRO LTD
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
17,327
29,968
Creditors: amounts falling due within one year
1,801
(540)
Net current assets
19,128
29,428
Total assets less current liabilities
19,128
29,428
Creditors: amounts falling due after more than one year
(92,394)
(92,394)
Net liabilities
(73,266)
(62,966)
Called up share capital
101
101
Profit and loss account
(73,367)
(63,067)
Shareholders' funds
(73,266)
(62,966)
For the year ending 31 May 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 February 2025 and were signed on its behalf by
James Alexander Lindberg
Director
Company Registration No. NI669206
COVIMRO LTD
Notes to the Accounts
for the year ended 31 May 2024
COVIMRO LTD is a private company, limited by shares, registered in Northern Ireland, registration number NI669206. The registered office is Unit 543 Moat House, 54 Bloomfield Avenue, Belfast, County Antrim, BT5 5AD, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Creditors: amounts falling due within one year
2024
2023
Loans from directors
(2,301)
-
5
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
92,394
92,394
A total sum of $127,000 (£92,394) was invested in the company by a group of investors.
Allotted, called up and fully paid:
10,179,630 Ordinary shares of £0.00001 each
101.79
101.79
COVIMRO LTD
Notes to the Accounts
for the year ended 31 May 2024
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).