Company Registration No. 08518640 (England and Wales)
Covarius Solutions Ltd
Unaudited accounts
for the year ended 31 December 2024
Covarius Solutions Ltd
Unaudited accounts
Contents
Covarius Solutions Ltd
Company Information
for the year ended 31 December 2024
Directors
Gareth List
James Bateman
Andrew Marshall
Company Number
08518640 (England and Wales)
Registered Office
71-75 Shelton Street
London
WC2H 9JQ
Accountants
Multiply Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
Covarius Solutions Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
3,615
4,820
Cash at bank and in hand
924
1
Creditors: amounts falling due within one year
(579,513)
(543,325)
Net current liabilities
(63,413)
(27,514)
Total assets less current liabilities
(59,748)
(22,644)
Provisions for liabilities
Net liabilities
(60,652)
(23,849)
Called up share capital
102
102
Profit and loss account
(60,754)
(23,951)
Shareholders' funds
(60,652)
(23,849)
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. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by
Gareth List
Director
Company Registration No. 08518640
Covarius Solutions Ltd
Notes to the Accounts
for the year ended 31 December 2024
Covarius Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 08518640. The registered office is 71-75 Shelton Street, London, WC2H 9JQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
2,645
9,090
11,735
At 31 December 2024
2,645
9,090
11,735
At 1 January 2024
818
6,097
6,915
Charge for the year
457
748
1,205
At 31 December 2024
1,275
6,845
8,120
At 31 December 2024
1,370
2,245
3,615
At 31 December 2023
1,827
2,993
4,820
Covarius Solutions Ltd
Notes to the Accounts
for the year ended 31 December 2024
5
Investments
Other investments
Valuation at 1 January 2024
50
Valuation at 31 December 2024
50
Amounts falling due within one year
Amounts due from group undertakings etc.
-
513,507
7
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
579,513
539,221
8
Transactions with related parties
At the balance sheet date, the company was owed £513,507 (2023: £513,507) by Uniun Technology Limited, a company related by virtue of common control.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).