REGISTERED NUMBER: 08589011 (England and Wales)

Financial Statements for the Year Ended 30th June 2025

for

Coelrind Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K M Kirk

SECRETARY:

Best4Business Limited

REGISTERED OFFICE:

9 Caxton House

Broad Street

Great Cambourne

Cambridge

CB23 6JN

REGISTERED NUMBER:

08589011 (England and Wales)

ACCOUNTANTS:

Best4business Accountants & Company Ltd

9 Caxton House

Broad Street

Cambourne

Cambridge

Cambridgeshire

CB23 6JN

FIXED ASSETS

Tangible assets

4

32,802

35,440

CURRENT ASSETS

Debtors

5

143,716

208,391

Prepayments and accrued income

109,078

98,407

Cash at bank

1,102,543

867,997

1,355,337

1,174,795

CREDITORS

Amounts falling due within one year

6

(226,271

)

(210,173

)

NET CURRENT ASSETS

1,129,066

964,622

TOTAL ASSETS LESS CURRENT LIABILITIES

1,161,868

1,000,062

PROVISIONS FOR LIABILITIES

7

(1,118

)

(953

)

NET ASSETS

1,160,750

999,109

CAPITAL AND RESERVES

Called up share capital

8

40

40

Retained earnings

9

1,160,710

999,069

SHAREHOLDERS' FUNDS

1,160,750

999,109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10th October 2025 and were signed by:

K M Kirk - Director

1.	STATUTORY INFORMATION

Coelrind Ltd 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 preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There are no transitional adjustments, accordingly the comparative figures have not been restated and no need to disclose a reconciliation of equity in these financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc - straight line over 3 years

Land and buildings - straight line over 10 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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 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.

Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the company is satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is deferred and amortised over the period during which the group is expected to benefit.

Foreign currencies

Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date and the gains and losses on translation are included in the Profit and Loss account.

Leases

Where the Company enters into a lease which entails taking substantially all the risks and rewards of the ownership of an asset, the lease is treated as a ‘finance lease’. The asset is recorded in the balance sheet as a tangible fixed asset and is depreciated over its estimated useful life or the term of the lease, whichever is shorter. Future instalments under such lease, net of finance charges, are included within creditors. Rentals payable are apportioned between the finance element which is charged to the Income and Expenditure account, and the capital element which reduces the outstanding obligation for future instalments.

All other leases are accounted for as ‘operating leases’ and the rental charges are charged to the Income and Expenditure account on a straight line basis over the life of the lease.

Pension costs and other post-retirement benefits

The Company operates a defined contribution pension scheme for the benefit of its employees. Its contributions are charged to the Profit and Loss account for the year or period in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year or period end.

Current taxation

Corporation tax payable is provided on taxable profits at the current rate.

Government grants

Capital based government grants are included within accruals and deferred income in the balance sheet and credited to trading profit over the estimated useful economics lives of the assets to which they relate.

Client monies

Monies collected on behalf of clients are held on trust in a separately administered bank account not shown in the balance sheet.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Land and

Computer

buildings

equipment

Totals

£

£

£

COST

At 1st July 2024

32,983

12,971

45,954

Additions

-

2,845

2,845

At 30th June 2025

32,983

15,816

48,799

DEPRECIATION

At 1st July 2024

1,357

9,157

10,514

Charge for year

3,298

2,185

5,483

At 30th June 2025

4,655

11,342

15,997

NET BOOK VALUE

At 30th June 2025

28,328

4,474

32,802

At 30th June 2024

31,626

3,814

35,440

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

143,496

199,817

Other debtors

200

8,554

Directors' current accounts

20

20

143,716

208,391

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

30,191

23,299

Taxation and social security

153,765

142,375

Other creditors

42,315

44,499

226,271

210,173

Other creditors short-term loans made during the year that are repayable on demand and monies invoiced in advance.

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

1,118

953

Deferred

tax

£

Balance at 1st July 2024

953

Provided during year

165

Balance at 30th June 2025

1,118

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

400,000

Ordinary

£0.0001

40

40

9.

RESERVES

Retained

earnings

£

At 1st July 2024

999,069

Profit for the year

281,641

Dividends

(120,000

)

At 30th June 2025

1,160,710

10.	RELATED PARTY DISCLOSURES

In the period the company received no new loans from Mr K Kirk, a director and shareholder of the company. The total balance due to Mr Kirk at the end of the period was £86 (2024: £86).

In the period the company received no new loans from Mr M Burton, a shareholder of the company. The total balance due from Mr Burton at the end of the period was £10 (2024: £10).

In the period the company received no new loans from Mr J Duminy, a shareholder of the company. The total balance due from Mr Duminy at the end of the period was £10 (2024: £10).

These loans are repayable on demand.

During the financial year the company purchases, on normal commercial terms, management services from Coelrind Ireland Ltd, a company registered in Ireland with number 598072, of which Coelrind Ltd owns 100% of the issued share capital.

The value of such purchases during the period being reported was £284,570 (2024: £258,952) excluding VAT. The total balance due to Coelrind Ireland Ltd at the end of the period was £18,891 (2024: -£305).