Registration number: 05065751

Copla Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Copla Ltd

Company Information

Directors

CP Lamond Mrs E I Lamond

Company secretary

Mrs E I Lamond

Registered office

8 High Street Heathfield East Sussex TN21 8LS

Accountants

Manningtons 8 High Street Heathfield East Sussex TN21 8LS

Copla Ltd

(Registration number: 05065751)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	33,802	32,103
Current assets
Debtors	5	108,543	95,366
Cash at bank and in hand		4,725	1,944
		113,268	97,310
Creditors: Amounts falling due within one year	6	(132,925)	(102,814)
Net current liabilities		(19,657)	(5,504)
Total assets less current liabilities		14,145	26,599
Creditors: Amounts falling due after more than one year	6	(6,085)	(16,833)
Provisions for liabilities		(6,425)	(6,100)
Net assets		1,635	3,666
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		635	2,666
Shareholders' funds		1,635	3,666

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 November 2025 and signed on its behalf by:
 

Copla Ltd

(Registration number: 05065751)
Balance Sheet as at 31 March 2025

......................................... CP Lamond Director

......................................... Mrs E I Lamond Company secretary and director

Copla Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
8 High Street
Heathfield
East Sussex
TN21 8LS
United Kingdom

The principal place of business is:
Unit 9
The Mart
Kirkwall
Orkney
KW15 1FL

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Copla Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	20% straight line basis
Furniture, fixtures and fittings	20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Copla Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

Copla Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	20,546	21,790	132,649	174,985
Additions	2,966	-	16,965	19,931
At 31 March 2025	23,512	21,790	149,614	194,916
Depreciation
At 1 April 2024	11,079	15,253	116,550	142,882
Charge for the year	4,471	1,634	12,127	18,232
At 31 March 2025	15,550	16,887	128,677	161,114
Carrying amount
At 31 March 2025	7,962	4,903	20,937	33,802
At 31 March 2024	9,467	6,537	16,099	32,103

5

Debtors

	2025 £	2024 £
Trade debtors	38,543	25,366
Other debtors	70,000	70,000
	108,543	95,366

Copla Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	7	12,997	10,000
Trade creditors		1,410	1,410
Taxation and social security		75,847	62,468
Other creditors		634	2,404
Director loan account		42,037	26,532
		132,925	102,814

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	6,085	16,833

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	6,085	16,833

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	12,997	10,000

Bank borrowings

Bank loan is denominated in £ with a nominal interest rate of 2.5%%, and the final instalment is due on 30 June 2026. The carrying amount at year end is £16,085 (2024 - £26,833).

You Lend is denominated in £ with a nominal interest rate of %, and the final instalment is due on 31 January 2026. The carrying amount at year end is £2,997 (2024 - £Nil).

Copla Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8	Related party transactions

Summary of transactions with other related parties

Lamond partnership an entity in which the directors have an interest During the year payments were made in regards to rent and management fee.
Loan of £ 70,000 to the partnership

Income and receivables from related parties

2025	Other related parties £
Amounts receivable from related party	70,000

2024	Other related parties £
Amounts receivable from related party	70,000

Expenditure with and payables to related parties

2025	Other related parties £
Rendering of services	82,000

2024	Other related parties £
Rendering of services	47,000