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REGISTERED NUMBER: 01465305 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

PETER COPSEY ENGINEERING LIMITED

PETER COPSEY ENGINEERING LIMITED (REGISTERED NUMBER: 01465305)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PETER COPSEY ENGINEERING LIMITED

COMPANY INFORMATION
for the Year Ended 28 February 2025







DIRECTORS: P Garrod
J Garrod





REGISTERED OFFICE: Unit 4 Triangle Business Park
Quilters Way
Stoke Mandeville
Aylesbury
HP22 5BL





REGISTERED NUMBER: 01465305 (England and Wales)





ACCOUNTANTS: Hillier Hopkins Accountants Limited
Trading as Colin Gray & Co
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

PETER COPSEY ENGINEERING LIMITED (REGISTERED NUMBER: 01465305)

BALANCE SHEET
28 February 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 199,777 242,965

CURRENT ASSETS
Stocks 67,008 68,191
Debtors 5 281,333 251,271
Cash at bank 16,924 23,920
365,265 343,382
CREDITORS
Amounts falling due within one year 6 403,340 239,978
NET CURRENT (LIABILITIES)/ASSETS (38,075 ) 103,404
TOTAL ASSETS LESS CURRENT
LIABILITIES

161,702

346,369

CREDITORS
Amounts falling due after more than one
year

7

8,556

25,603
NET ASSETS 153,146 320,766

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 148,146 315,766
SHAREHOLDERS' FUNDS 153,146 320,766

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

PETER COPSEY ENGINEERING LIMITED (REGISTERED NUMBER: 01465305)

BALANCE SHEET - continued
28 February 2025


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 Board of Directors and authorised for issue on 25 July 2025 and were signed on its behalf by:





P Garrod - Director


PETER COPSEY ENGINEERING LIMITED (REGISTERED NUMBER: 01465305)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Peter Copsey Engineering 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 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 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PETER COPSEY ENGINEERING LIMITED (REGISTERED NUMBER: 01465305)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2025

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 18 (2024 - 24 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2024 1,897,093
Disposals (144,969 )
At 28 February 2025 1,752,124
DEPRECIATION
At 1 March 2024 1,654,128
Charge for year 36,787
Eliminated on disposal (138,568 )
At 28 February 2025 1,552,347
NET BOOK VALUE
At 28 February 2025 199,777
At 29 February 2024 242,965

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2024
and 28 February 2025 76,950
DEPRECIATION
At 1 March 2024 25,523
Charge for year 7,714
At 28 February 2025 33,237
NET BOOK VALUE
At 28 February 2025 43,713
At 29 February 2024 51,427

PETER COPSEY ENGINEERING LIMITED (REGISTERED NUMBER: 01465305)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 249,080 206,343
Other debtors 32,253 44,928
281,333 251,271

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 141,241 57,928
Hire purchase contracts 14,667 12,287
Trade creditors 109,029 62,819
Taxation and social security 60,471 49,335
Other creditors 77,932 57,609
403,340 239,978

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts 8,556 25,603

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 23,223 37,890
Bank loans and facilities 141,241 57,928
164,464 95,818