REGISTERED NUMBER: 02203828 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Andrew Copeland International Limited

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Other Comprehensive Income

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Financial Statements

7

DIRECTORS:

R H Thomas

P J Anson

A Copeland

S Thomas

Mrs D M Copeland

SECRETARY:

R H Thomas

REGISTERED OFFICE:

224 High Street

Beckenham

Kent

BR3 1EN

REGISTERED NUMBER:

02203828 (England and Wales)

ACCOUNTANTS:

M S Aulak Bsc CIPFA FCCA

Chartered Certified Accountant

25 Coolgardie Avenue

Chigwell

Essex

IG7 5AX

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

DIRECTORS

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

R H Thomas

P J Anson

A Copeland

S Thomas

Mrs D M Copeland

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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:

S Thomas - Director

22 August 2025

TURNOVER

3

378,654

363,139

Distribution costs

93,472

108,068

Administrative expenses

255,799

241,626

349,271

349,694

29,383

13,445

Other operating income

37,132

40,413

OPERATING PROFIT

66,515

53,858

Interest receivable and similar income

3,736

2,155

PROFIT BEFORE TAXATION

5

70,251

56,013

Tax on profit

6

15,069

11,221

PROFIT FOR THE FINANCIAL YEAR

55,182

44,792

PROFIT FOR THE YEAR

55,182

44,792

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

55,182

44,792

FIXED ASSETS

Intangible assets

8

-

-

Tangible assets

9

2,761

2,470

2,761

2,470

CURRENT ASSETS

Debtors

10

108,768

56,315

Cash at bank

198,691

201,138

307,459

257,453

CREDITORS

Amounts falling due within one year

11

202,189

157,074

NET CURRENT ASSETS

105,270

100,379

TOTAL ASSETS LESS CURRENT LIABILITIES

108,031

102,849

CAPITAL AND RESERVES

Called up share capital

12

1,000

1,000

Revaluation reserve

150

150

Retained earnings

13

106,881

101,699

SHAREHOLDERS' FUNDS

108,031

102,849

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.

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 22 August 2025 and were signed on its behalf by:

A Copeland - Director

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2023

1,000

86,907

150

88,057

Changes in equity

Dividends

-

(30,000

)

-

(30,000

)

Total comprehensive income

-

44,792

-

44,792

Balance at 31 December 2023

1,000

101,699

150

102,849

Changes in equity

Dividends

-

(50,000

)

-

(50,000

)

Total comprehensive income

-

55,182

-

55,182

Balance at 31 December 2024

1,000

106,881

150

108,031

1.	STATUTORY INFORMATION

Andrew Copeland International 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 preparation

These financial statements have been prepared in accordance with Financial Reporting Standard 101 "Reduced Disclosure Framework" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 101 "Reduced Disclosure Framework":

•

the requirements of paragraphs 45(b) and 46 to 52 of IFRS 2 Share-based Payment;

•

the requirements of paragraphs 62, B64(d), B64(e), B64(g), B64(h), B64(j) to B64(m), B64(n)(ii), B64(o)(ii), B64(p), B64(q)(ii), B66 and B67 of IFRS 3 Business Combinations;

•

the requirements of paragraph 33(c) of IFRS 5 Non Current Assets Held for Sale and Discontinued Operations;

•

the requirements of paragraph 24(6) of IFRS 6 Exploration for and Evaluation of Mineral Resources;

•

the requirements of IFRS 7 Financial Instruments: Disclosures;

•

the requirements of paragraphs 91 to 99 of IFRS 13 Fair Value Measurement;

•

the requirements of paragraph 52, the second sentence of paragraph 89, and paragraphs 90, 91 and 93 of IFRS 16 Leases;

the requirements of paragraph 58 of IFRS 16;

•

the requirements of the second sentence of paragraph 110 and paragraphs 113(a), 114, 115, 118, 119(a) to (c), 120 to 127 and 129 of IFRS 15 Revenue from Contracts with Customers;

•

the requirement in paragraph 38 of IAS 1 Presentation of Financial Statements to present comparative information in respect of:

-

paragraphs 53(a), (h) and (j) of IFRS 16;

-

paragraph 79(a)(iv) of IAS 1;

-

paragraph 73(e) of IAS 16 Property, Plant and Equipment;

-

paragraph 118(e) of IAS 38 Intangible Assets;

-

paragraphs 76 and 79(d) of IAS 40 Investment Property; and

-

paragraph 50 of IAS 41 Agriculture;

•

the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134 to 136 of IAS 1;

•

the requirements of

-

paragraphs 1 to 44E, 44H(b)(ii) and 45 to 63 of IAS 7 Statement of Cash Flows; and

-

paragraphs 44F, 44G, 44H(a), 44H(b)(i), 44H(b)(iii) and 44H(c) of IAS 7;

•

the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors;

•

the requirements of paragraphs 88C and 88D of IAS 12 Income Taxes;

•

the requirements of paragraph 74(b) of IAS 16;

•

the requirements of paragraphs 17 and 18A of IAS 24 Related Party Disclosures;

•

the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group;

•

the requirements of paragraphs 134(d) to 134(f) and 135(c) to 135(e) of IAS 36 Impairments of Assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

25% on cost

Taxation

Current taxes are based on the results shown in the financial statements and are calculated according to local tax rules, using tax rates enacted or substantially enacted by the balance sheet date.

Foreign currencies

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Employee benefit costs

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

3.

TURNOVER

Turnover represents commission receivable.

4.	EMPLOYEES AND DIRECTORS

31.12.24

31.12.23

£

£

Wages and salaries

164,096

178,077

Social security costs

6,194

8,058

Other pension costs

1,079

500

171,369

186,635

The average number of employees during the year was as follows:

31.12.24

31.12.23

Office administration

8

8

31.12.24

31.12.23

£

£

Directors' remuneration

74,156

74,156

5.	PROFIT BEFORE TAXATION

The profit before taxation is stated after charging:

31.12.24

31.12.23

£

£

Depreciation - owned assets

1,053

823

Loss on disposal of fixed assets

400

-

6.

TAXATION

Analysis of tax expense

31.12.24

31.12.23

£

£

Current tax:

Taxation on current year

15,069

11,221

Total tax expense in income statement

15,069

11,221

7.

DIVIDENDS

31.12.24

31.12.23

£

£

Ordinary shares of 1 each

Interim

50,000

30,000

8.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

40,500

AMORTISATION

At 1 January 2024

and 31 December 2024

40,500

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

9.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 January 2024

25,757

Additions

1,745

Disposals

(6,511

)

At 31 December 2024

20,991

DEPRECIATION

At 1 January 2024

23,287

Charge for year

1,053

Eliminated on disposal

(6,110

)

At 31 December 2024

18,230

NET BOOK VALUE

At 31 December 2024

2,761

At 31 December 2023

2,470

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

44,666

1,922

Other debtors

64,102

54,393

108,768

56,315

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

8,918

4,335

Underwriter account

131,341

113,602

Tax

15,069

11,221

PAYE and other taxes

8,979

9,514

Income in advance

11,049

7,023

Other creditors

16,314

899

Directors' current accounts

-

900

Accrued expenses

10,519

9,580

202,189

157,074

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1,000

Ordinary

1

1,000

1,000

13.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 January 2024

101,699

150

101,849

Profit for the year

55,182

55,182

Dividends

(50,000

)

(50,000

)

At 31 December 2024

106,881

150

107,031