Copley Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06741059

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		36,853		46,840

			36,853		46,840
CURRENT ASSETS
Stocks	5	73,917		276,066
Debtors	6	270,869		524,335
Cash at bank and in hand		355,757		435,797

		700,543		1,236,198
Creditors: Amounts Falling Due Within One Year	7	(409,606 )		(763,953 )

NET CURRENT ASSETS (LIABILITIES)			290,937		472,245

TOTAL ASSETS LESS CURRENT LIABILITIES			327,790		519,085

PROVISIONS FOR LIABILITIES
Deferred Taxation			(6,516 )		(10,930 )

NET ASSETS			321,274		508,155

CAPITAL AND RESERVES
Called up share capital	8		4		4
Profit and Loss Account			321,270		508,151

SHAREHOLDERS' FUNDS			321,274		508,155

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Copley Limited

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 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 Colin Copley

Director

10/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Copley Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06741059 . The registered office is 113 Penhill Road, Bexley, Kent, DA5 3EU.

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.

2.3. 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:

Plant & Machinery	25% on reducing basis
Motor Vehicles	15% on reducing basis
Fixtures & Fittings	15% on reducing basis
Computer Equipment	15% on reducing basis

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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 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

...CONTINUED

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Copley Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.6. Taxation - continued

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.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 8)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2024	178,057	3,885	21,749	203,691

As at 31 January 2025	178,057	3,885	21,749	203,691

Depreciation
As at 1 February 2024	148,454	776	7,621	156,851
Provided during the period	7,401	465	2,121	9,987

As at 31 January 2025	155,855	1,241	9,742	166,838

Net Book Value
As at 31 January 2025	22,202	2,644	12,007	36,853

As at 1 February 2024	29,603	3,109	14,128	46,840

5. Stocks

	2025	2024
	£	£
Work in progress	73,917	276,066

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	202,481	363,233
Prepayments and accrued income	10,392	14,159
Other debtors	5,421	3,710

...CONTINUED

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Copley Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

Intercompany	48,638	795
VAT	-	45,924
Directors' loan accounts	3,937	96,514

	270,869	524,335

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	66,849	277,605
Bank loans and overdrafts	101,520	-
Corporation tax	82,420	226,310
Other taxes and social security	515	1,067
VAT	28,802	-
Inter-company	-	244,947
Accruals and deferred income	129,500	14,024

	409,606	763,953

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	4	4

9. Related Party Transactions

Included in the Other Debtors are the following amounts owed by the following companies, all of which are under the control of the director Mr C Copley. No repayment terms have been set and no interest is to be charged.

Copley Investments Ltd - £10,068 (2024 - £244,947 creditor)

Copley 5 Ltd - £168 (2024 - £168)

It's A Hard Life Ltd - £276 (2024 - £276)

Copley Infrastructure Ltd - £126 (2024 - £126)

Copley & Co Ltd - £38,000

During the year the company wrote off a loan to Crazy Brain Ltd amounting to £225, a company under the control of director Mr C Copley

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