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Coppertree (Usk) Limited

Financial Statements for the Year Ended 31 May 2024






Coppertree (Usk) Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: C L Strong





REGISTERED OFFICE: 29 Bridge Street
Usk
Monmouthshire
NP15 1BQ





REGISTERED NUMBER: 03266024 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Coppertree (Usk) Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Coppertree (Usk) Limited for the year ended 31 May 2024 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the director of Coppertree (Usk) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Coppertree (Usk) Limited and state those matters that we have agreed to state to the director of Coppertree (Usk) Limited in this report in accordance with icaew/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coppertree (Usk) Limited and its director for our work or for this report.

It is your duty to ensure that Coppertree (Usk) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Coppertree (Usk) Limited. You consider that Coppertree (Usk) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Coppertree (Usk) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


31 May 2025

Coppertree (Usk) Limited (Registered number: 03266024)

Balance Sheet
31 May 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 3 275 367

CURRENT ASSETS
Stocks 41,772 48,454
Cash in hand 368 2,261
42,140 50,715
CREDITORS
Amounts falling due within one year 4 88,561 73,686
NET CURRENT LIABILITIES (46,421 ) (22,971 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(46,146

)

(22,604

)

CREDITORS
Amounts falling due after more than
one year

5

10,757

20,254
NET LIABILITIES (56,903 ) (42,858 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (56,913 ) (42,868 )
(56,903 ) (42,858 )

Coppertree (Usk) Limited (Registered number: 03266024)

Balance Sheet - continued
31 May 2024


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

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

The director acknowledges her 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 May 2025 and were signed by:





C L Strong - Director


Coppertree (Usk) Limited (Registered number: 03266024)

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


1. 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.

The financial statements have been prepared on a going concern basis, on the understanding that the company has the ongoing support of its director.

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.
Fixtures and fittings - 25% 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 Profit & Loss Account, 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.

Pension costs
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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

Coppertree (Usk) Limited (Registered number: 03266024)

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


3. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 June 2023
and 31 May 2024 10,694
DEPRECIATION
At 1 June 2023 10,327
Charge for year 92
At 31 May 2024 10,419
NET BOOK VALUE
At 31 May 2024 275
At 31 May 2023 367

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 27,031 26,322
Trade creditors 12,682 12,882
Taxes & social security costs 15,528 7,465
Other creditors & accruals 33,320 27,017
88,561 73,686

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£ £
Bank loans 10,757 20,254