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REGISTERED NUMBER: 02991490 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Coverpoint Solutions Limited

Coverpoint Solutions Limited (Registered number: 02991490)






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




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Statement of Financial Position 4

Statement of Changes in Equity 6

Notes to the Financial Statements 7


Coverpoint Solutions Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M G Kirkland
M Pollard





REGISTERED OFFICE: 7 Smith Grove
Great Bookham
Leatherhead
Surrey
KT23 4FF





REGISTERED NUMBER: 02991490 (England and Wales)





ACCOUNTANTS: Philip Ross Accountants Ltd
28 Victoria Road
Mablethorpe
Lincolnshire
LN12 2AQ

Coverpoint Solutions Limited (Registered number: 02991490)

Report of the Directors
for the Year Ended 31 December 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of information technology consultancy.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

M G Kirkland
M Pollard

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M G Kirkland - Director


24 March 2025

Coverpoint Solutions Limited (Registered number: 02991490)

Income Statement
for the Year Ended 31 December 2024

31.12.24 31.12.23
Notes £    £   

TURNOVER 302,498 295,397

Cost of sales 107,888 92,456
GROSS PROFIT 194,610 202,941

Administrative expenses 97,034 92,322
OPERATING PROFIT and
PROFIT BEFORE TAXATION 97,576 110,619

Tax on profit 22,485 24,475
PROFIT FOR THE FINANCIAL YEAR 75,091 86,144

Coverpoint Solutions Limited (Registered number: 02991490)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 19,508 23,468

CURRENT ASSETS
Stocks 5,400 5,500
Debtors 7 14,555 20,670
Cash at bank 7,586 12,751
27,541 38,921
CREDITORS
Amounts falling due within one year 8 43,198 56,890
NET CURRENT LIABILITIES (15,657 ) (17,969 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,851

5,499

PROVISIONS FOR LIABILITIES 3,641 4,380
NET ASSETS 210 1,119

CAPITAL AND RESERVES
Called up share capital 9 12 12
Retained earnings 10 198 1,107
SHAREHOLDERS' FUNDS 210 1,119

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Coverpoint Solutions Limited (Registered number: 02991490)

Statement of Financial Position - continued
31 December 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





M G Kirkland - Director


Coverpoint Solutions Limited (Registered number: 02991490)

Statement of Changes in Equity
for the Year Ended 31 December 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 12 963 975

Changes in equity
Dividends - (86,000 ) (86,000 )
Total comprehensive income - 86,144 86,144
Balance at 31 December 2023 12 1,107 1,119

Changes in equity
Dividends - (76,000 ) (76,000 )
Total comprehensive income - 75,091 75,091
Balance at 31 December 2024 12 198 210

Coverpoint Solutions Limited (Registered number: 02991490)

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

1. STATUTORY INFORMATION

Coverpoint Solutions Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - straight line over 3 years and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Coverpoint Solutions Limited (Registered number: 02991490)

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

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 3 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.12.24 31.12.23
£    £   
Depreciation - owned assets 5,358 5,391

5. DIVIDENDS
31.12.24 31.12.23
£    £   
A Ordinary shares of 1 each
Interim dividend - A shares 76,000 77,500
B Ordinary share of 1
Interim dividend - B shares - 8,500
76,000 86,000

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 86,896
Additions 1,398
At 31 December 2024 88,294
DEPRECIATION
At 1 January 2024 63,428
Charge for year 5,358
At 31 December 2024 68,786
NET BOOK VALUE
At 31 December 2024 19,508
At 31 December 2023 23,468

Coverpoint Solutions Limited (Registered number: 02991490)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 13,555 20,270
Other debtors 1,000 400
14,555 20,670

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 10,352 11,201
Taxation and social security 31,077 33,599
Other creditors 1,769 12,090
43,198 56,890

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
101 A Ordinary 1 10 10
1 B Ordinary 1 1 1
1 C Ordinary 1 1 1
12 12

10. RESERVES
Retained
earnings
£   

At 1 January 2024 1,107
Profit for the year 75,091
Dividends (76,000 )
At 31 December 2024 198