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Registered number: 11197352
Copper Swan Limited
Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11197352
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 7,080 -
Tangible Assets 5 226,165 229,794
233,245 229,794
CURRENT ASSETS
Debtors 6 54,642 16,435
Cash at bank and in hand 12,809 58,269
67,451 74,704
Creditors: Amounts Falling Due Within One Year 7 (83,959 ) (45,290 )
NET CURRENT ASSETS (LIABILITIES) (16,508 ) 29,414
TOTAL ASSETS LESS CURRENT LIABILITIES 216,737 259,208
Creditors: Amounts Falling Due After More Than One Year 8 (147,038 ) (133,881 )
NET ASSETS 69,699 125,327
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 69,599 125,227
SHAREHOLDERS' FUNDS 69,699 125,327
Page 1
Page 2
For the year ending 28 February 2025 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr B M Lavin
Director
31 July 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Copper Swan Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11197352 . The registered office is 2 Easthorpe Street, Ruddington, Nottingham, Nottinghamshire, NG11 6LA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% Straight line
Plant & Machinery 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 3)
4 3
4. Intangible Assets
Other
£
Cost
As at 1 March 2024 -
Additions 7,080
As at 28 February 2025 7,080
Net Book Value
As at 28 February 2025 7,080
As at 1 March 2024 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2024 227,855 1,800 6,818 8,611 245,084
Additions - 2,532 1,999 169 4,700
As at 28 February 2025 227,855 4,332 8,817 8,780 249,784
Depreciation
As at 1 March 2024 10,911 989 3,031 359 15,290
Provided during the period 4,557 443 1,224 2,105 8,329
As at 28 February 2025 15,468 1,432 4,255 2,464 23,619
Net Book Value
As at 28 February 2025 212,387 2,900 4,562 6,316 226,165
As at 1 March 2024 216,944 811 3,787 8,252 229,794
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 51,977 9,716
Prepayments and accrued income 2,665 6,719
54,642 16,435
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 2,600 2,183
Trade creditors - 87
Bank loans and overdrafts 29,548 16,548
Corporation tax 35,433 22,335
Other creditors 16,378 4,137
83,959 45,290
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 1,583 4,183
Bank loans 145,455 129,698
147,038 133,881
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,600 2,183
Later than one year and not later than five years 1,583 4,183
4,183 6,366
4,183 6,366
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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