Copybest (Essex) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02665877

Copybest (Essex) Limited

Filleted Unaudited Financial Statements

31 December 2024

Copybest (Essex) Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	5		32,890		48,028

Current assets

Stocks		73,200	53,500
Debtors	6	67,645	62,930
Cash at bank and in hand		186,619	211,038
		---------	---------
		327,464	327,468

Creditors: amounts falling due within one year	7	53,219		69,930
		---------		---------
Net current assets			274,245		257,538
			---------		---------
Total assets less current liabilities			307,135		305,566

Creditors: amounts falling due after more than one year	8		3,437		13,427

Provisions

Taxation including deferred tax	940	3,477
	---------	---------
Net assets	302,758	288,662
	---------	---------

Capital and reserves

Called up share capital	9	70	70
Profit and loss account		302,688	288,592
		---------	---------
Shareholders funds		302,758	288,662
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Copybest (Essex) Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 23 September 2025 , and are signed on behalf of the board by:

C A Riggall
Director

Company registration number: 02665877

Copybest (Essex) Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Office Equipment	-	20% straight line
Computer Equipment	-	25% straight line
Motor Vehicles	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2023: 8 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 January 2024	29,961	42,681	68,421	141,063
Additions	–	–	3,200	3,200
	--------	--------	--------	---------
At 31 December 2024	29,961	42,681	71,621	144,263
	--------	--------	--------	---------
Depreciation
At 1 January 2024	29,721	42,177	21,137	93,035
Charge for the year	107	359	17,872	18,338
	--------	--------	--------	---------
At 31 December 2024	29,828	42,536	39,009	111,373
	--------	--------	--------	---------
Carrying amount
At 31 December 2024	133	145	32,612	32,890
	--------	--------	--------	---------
At 31 December 2023	240	504	47,284	48,028
	--------	--------	--------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	62,080	57,417
Prepayments and accrued income	1,590	1,538
Other debtors	3,975	3,975
	--------	--------
	67,645	62,930
	--------	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	10,739	10,739
Trade creditors	13,625	22,212
Accruals and deferred income	3,075	2,982
Corporation tax	6,276	5,615
Social security and other taxes	19,193	28,191
Director loan accounts	311	191
	--------	--------
	53,219	69,930
	--------	--------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	3,437	13,427
	-------	--------

9. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	70	70	70	70
	----	----	----	----

10. Related party transactions

At the year end C A Riggall was owed £311 (2023 - £191) by the company which is shown amongst creditors.