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Company Registration No. 08768938 (England and Wales)
Covarius Technology Limited Unaudited accounts for the year ended 31 December 2024
Covarius Technology Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Covarius Technology Limited Company Information for the year ended 31 December 2024
Directors
Andrew Marshall James Bateman Gareth List
Company Number
08768938 (England and Wales)
Registered Office
71-75 Shelton Street London WC2H 9JQ
Accountants
Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
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Covarius Technology Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
6,093 
3,749 
Investments
5
- 
50 
6,093 
3,799 
Current assets
Debtors
6
1,786,190 
1,811,782 
Cash at bank and in hand
1,114,016 
1,391,526 
2,900,206 
3,203,308 
Creditors: amounts falling due within one year
7
(900,645)
(733,225)
Net current assets
1,999,561 
2,470,083 
Total assets less current liabilities
2,005,654 
2,473,882 
Creditors: amounts falling due after more than one year
8
(516,812)
(852,870)
Provisions for liabilities
Deferred tax
(1,522)
(893)
Net assets
1,487,320 
1,620,119 
Capital and reserves
Called up share capital
450 
450 
Profit and loss account
1,486,870 
1,619,669 
Shareholders' funds
1,487,320 
1,620,119 
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. 08768938
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Covarius Technology Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Covarius Technology Limited is a private company, limited by shares, registered in England and Wales, registration number 08768938. 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
25% straight line
Computer equipment
25% reducing balance
Turnover
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.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
2,061 
20,026 
22,087 
Additions
3,750 
- 
3,750 
At 31 December 2024
5,811 
20,026 
25,837 
Depreciation
At 1 January 2024
1,253 
17,085 
18,338 
Charge for the year
671 
735 
1,406 
At 31 December 2024
1,924 
17,820 
19,744 
Net book value
At 31 December 2024
3,887 
2,206 
6,093 
At 31 December 2023
808 
2,941 
3,749 
- 5 -
Covarius Technology Limited Notes to the Accounts for the year ended 31 December 2024
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2024
50 
Disposals
(50)
Valuation at 31 December 2024
- 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
451,126 
633,759 
Amounts due from group undertakings etc.
1,150,098 
1,169,951 
Accrued income and prepayments
74,553 
5,938 
Other debtors
110,413 
2,134 
1,786,190 
1,811,782 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
326,348 
100,880 
Trade creditors
24,603 
101,327 
Taxes and social security
378,276 
342,738 
Other creditors
4,576 
5,732 
Accruals
38 
125,881 
Deferred income
166,804 
56,667 
900,645 
733,225 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
516,812 
852,870 
9
Transactions with related parties
The balance at 31 December 2024 owed by Uniun Technology Ltd, is £336,147.
10
Average number of employees
During the year the average number of employees was 19 (2023: 19).
- 6 -