BrightAccountsProduction v1.0.0 v1.0.0 2024-03-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the renting and leasing of office machinery and equipment (including computers). 20 November 2025 4 4 NI613649 2025-02-28 NI613649 2024-02-29 NI613649 2023-02-28 NI613649 2024-03-01 2025-02-28 NI613649 2023-03-01 2024-02-29 NI613649 uk-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 NI613649 uk-curr:PoundSterling 2024-03-01 2025-02-28 NI613649 uk-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 NI613649 uk-bus:FullAccounts 2024-03-01 2025-02-28 NI613649 uk-core:ShareCapital 2025-02-28 NI613649 uk-core:ShareCapital 2024-02-29 NI613649 uk-core:RetainedEarningsAccumulatedLosses 2025-02-28 NI613649 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 NI613649 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-02-28 NI613649 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-02-29 NI613649 uk-bus:FRS102 2024-03-01 2025-02-28 NI613649 uk-core:PlantMachinery 2024-03-01 2025-02-28 NI613649 uk-core:FurnitureFittingsToolsEquipment 2024-03-01 2025-02-28 NI613649 uk-core:CurrentFinancialInstruments 2025-02-28 NI613649 uk-core:CurrentFinancialInstruments 2024-02-29 NI613649 uk-core:WithinOneYear 2025-02-28 NI613649 uk-core:WithinOneYear 2024-02-29 NI613649 uk-core:EmployeeBenefits 2024-02-29 NI613649 uk-core:EmployeeBenefits 2024-03-01 2025-02-28 NI613649 uk-core:AcceleratedTaxDepreciationDeferredTax 2025-02-28 NI613649 uk-core:TaxLossesCarry-forwardsDeferredTax 2025-02-28 NI613649 uk-core:OtherDeferredTax 2025-02-28 NI613649 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2025-02-28 NI613649 uk-core:EmployeeBenefits 2025-02-28 NI613649 2024-03-01 2025-02-28 NI613649 uk-bus:Director2 2024-03-01 2025-02-28 NI613649 uk-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 xbrli:pure iso4217:GBP xbrli:shares

Company Registration Number: NI613649

Covtek Rentals Ltd

Unaudited Financial Statements

for the financial year ended 28 February 2025

Covtek Rentals Ltd

Company Registration Number: NI613649

Balance Sheet

as at 28 February 2025

|  |  | 2025 |  | 2024
|  | Notes | £ |  | £
Fixed Assets

Tangible assets |  | 5 | 73,711 |  | 74,504
|  |  | ───────── |  | ─────────
Current Assets

Debtors |  | 6 | 158,302 |  | 116,029
Cash and cash equivalents |  |  | 173,238 |  | 152,367
|  |  | ───────── |  | ─────────
|  |  | 331,540 |  | 268,396
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  | 7 | (75,083) |  | (63,107)
|  |  | ───────── |  | ─────────
Net Current Assets |  |  | 256,457 |  | 205,289
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | 330,168 |  | 279,793
Provisions for liabilities |  | 8 | (18,375) |  | (18,557)
|  |  | ───────── |  | ─────────
Net Assets |  |  | 311,793 |  | 261,236
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 100 |  | 100
Retained earnings |  |  | 311,693 |  | 261,136
|  |  | ───────── |  | ─────────
Equity attributable to owners of the company |  |  | 311,793 |  | 261,236
|  |  | ═════════ |  | ═════════
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 20 November 2025 and signed on its behalf by

________________________________ |  |  |  |  |
Craig Lewis McCorkell |  |  |  |  |
Director |  |  |  |  |

Covtek Rentals Ltd

Notes to the Financial Statements

for the financial year ended 28 February 2025

1. | General Information
| Covtek Rentals Ltd is a company limited by shares incorporated in Northern Ireland. 8 Hillmans Court, Coleraine, BT52 2DF, Northern Ireland is the registered office, which is also the principal place of business of the company. The principal activity of the company is the renting and leasing of office machinery and equipment (including computers). The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the year ended 28 February 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Turnover
| Turnover comprises the invoice value of goods and services supplied by the company, exclusive of trade discounts and value added tax.
| Tangible assets and depreciation
| Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
|  | Plant and Machinery | - | 20% Straight line
|  | Fixtures, fittings and equipment | - | 15% Straight line
| The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
| Leasing and hire purchases
| Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
| Leasing
| Rentals payable under operating leases are dealt with in the Profit and Loss Account as incurred over the period of the rental agreement.
| Trade and other debtors
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
| Provisions
| Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
| Trade and other creditors
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
| Employee benefits
| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
| Taxation and deferred taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
| Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
| Ordinary share capital
| The ordinary share capital of the company is presented as equity.

3. | Going concern
| The Directors are confident that the company has adequate financial resources to continue its operations for the foreseeable future. The directors have reviewed the projected financial performance of the company, in particular the period of not less than 12 months from the date of approval of the financial statements, and have formed the view that the company shouldl continue to adopt the going concern basis.

4. | Employees
| The average monthly number of employees, including directors, during the financial year was 4, (2024 - 4).
|  | 2025 | 2024
|  | Number | Number
| Administration | 4 | 4
|  | ═════════ | ═════════

5. | Tangible assets
|  | Plant and | Fixtures, | Total
|  | Machinery | fittings and |
|  |  | equipment |
|  | £ | £ | £
| Cost
| At 1 March 2024 | 474,798 | 12,550 | 487,348
| Additions | 32,094 | 113 | 32,207
|  | ───────── | ───────── | ─────────
| At 28 February 2025 | 506,892 | 12,663 | 519,555
|  | ───────── | ───────── | ─────────
| Depreciation
| At 1 March 2024 | 411,397 | 1,447 | 412,844
| Charge for the financial year | 30,472 | 2,528 | 33,000
|  | ───────── | ───────── | ─────────
| At 28 February 2025 | 441,869 | 3,975 | 445,844
|  | ───────── | ───────── | ─────────
| Net book value
| At 28 February 2025 | 65,023 | 8,688 | 73,711
|  | ═════════ | ═════════ | ═════════
| At 29 February 2024 | 63,401 | 11,103 | 74,504
|  | ═════════ | ═════════ | ═════════

6. | Debtors | 2025 | 2024
|  | £ | £
| Trade debtors | 37,430 | 31,013
| Amounts owed by related parties | 85,367 | 60,321
| Other debtors | 150 | -
| Directors' current accounts (Note 11) | 30,443 | 17,153
| Prepayments and accrued income | 4,912 | 7,542
|  | ───────── | ─────────
|  | 158,302 | 116,029
|  | ═════════ | ═════════

7. | Creditors | 2025 | 2024
| Amounts falling due within one year | £ | £
| Trade creditors | 7,456 | 3,625
| Taxation | 45,886 | 39,052
| Other creditors | 21,741 | 20,430
|  | ───────── | ─────────
|  | 75,083 | 63,107
|  | ═════════ | ═════════

8. | Provisions for liabilities
| The amounts provided for deferred taxation are analysed below:
|  | Capital | Other | Total | Total
|  | allowances | differences |  |
|  |  |  | 2025 | 2024
|  | £ | £ | £ | £
| At financial year start | 18,626 | (69) | 18,557 | 7,684
| Charged to profit and loss | (198) | 16 | (182) | 10,873
|  | ───────── | ───────── | ───────── | ─────────
| At financial year end | 18,428 | (53) | 18,375 | 18,557
|  | ═════════ | ═════════ | ═════════ | ═════════

9. | Capital commitments
| The company had no material capital commitments at the financial year-ended 28 February 2025.

10. | Related party transactions
| Net balances with related parties:
|  |  |  | 2025 | 2024
|  |  |  | £ | £
| Trading amounts (due from) related parties |  |  | (85,367) | (60,321)
|  |  |  | ═════════ | ═════════
| During the period, the company made payments on behalf of Covtek Ltd totalling £25,046 (2024: £23,000). Covtek Ltd received payments on behalf of the company totalling £Nil during the year (2024: £25,535). Covtek Ltd owed the company £85,367 at the year end (2024: £60,321). The companies are connected through common directors.

11. | Directors' advances, credits and guarantees
| During the financial year, the company advanced sums totalling £18,290 (2024: £16,268). £30,443 remained outstanding at the end of the year (2024: £17,153). This balance was repaid in full after the reporting date.

12. | Post-Balance Sheet Events
| There have been no significant events affecting the company since the financial year-end.

13. | Share Capital
| The issued share capital of the company was comprised of 100 Ordinary Shares of £1 each.
|  | 2025 | 2024
|  | £ | £
| Ordinary Shares of £1 each | 100 | 100
|  | ═════════ | ═════════