| Registered Number:02506975 |
For the year ended 31 March 2025
England and Wales
Directors Report and Unaudited Financial Statements
For the year ended 31 March 2025
C J Covers Limited
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
C J Covers Limited
Statement of Financial Position
2024
2025
| Property, plant and equipment |
463,679
458,086
2
3
-
109,606
30,645
30,898
4
494,577
598,337
5,500
5,500
5
| Trade and other receivables |
179,733
187,570
6
274,328
| Cash and cash equivalents |
409,594
602,664
459,561
| Trade and other payables: amounts falling due within one |
| year |
(150,282)
(169,680)
7
309,279
432,984
Net current assets
| Total assets less current liabilities |
927,561
907,616
(2,599)
(1,536)
| Provisions for liabilities |
924,962
Net assets
906,080
102
102
285,287
285,287
8
639,573
620,691
924,962
906,080
Shareholders' funds
| For the year ended 31 March 2025 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 of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2025
C J Covers Limited
Statement of Financial Position Continued
| These financial statements were approved and authorised for issue by the Board on 28 May 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2025
C J Covers Limited
Notes to the Financial Statements
Statutory Information
| C J Covers Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 02506975. |
| Principal place of business: |
30 Williamson Street
Hedon Road
Hull
HU9 1EP
40 Springfield Way
Anlaby
East Yorkshire
HU10 6RJ
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
The company has not traded throughout the year.
Intangible assets
| Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Plant and machinery
Hire covers
Motor vehicles
Fixtures and fittings
| The company''s freehold properties were professionally valued in November 2005. This valuation has been reduced |
| by subsequent depreciation. Under the transitional provisions of the Financial Reporting Standard for Smaller |
| Entities (effective January 2015) the properties continue to be stated at that valuation less accumulated depreciation |
| to date and that valuation has not been updated. |
| The company''s freehold properties are revalued in full when it is likely that there has been a material change in |
| value. |
| No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
| useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
| would be immaterial. The directors undertake an annual impairment review of these properties. |
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
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For the year ended 31 March 2025
C J Covers Limited
Notes to the Financial Statements Continued
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its directors and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
| 2. Property, plant and equipment |
Hire covers
Motor vehicles
495,058
3,500
3,356
13,500
24,702
450,000
8,491
-
-
-
8,491
-
(200)
(1,651)
-
-
-
(1,851)
450,000
13,500
1,705
3,300
501,698
33,193
| Provision for depreciation and impairment |
36,972
3,500
2,094
13,500
17,878
-
Charge for year
2,814
-
419
-
2,395
-
(1,767)
(200)
(1,567)
-
-
-
38,019
3,300
946
13,500
20,273
-
450,000
12,920
-
759
-
463,679
450,000
6,824
-
1,262
-
458,086
| In respect of certain fixed assets stated at valuations, the comparable historical cost and depreciation values are as |
| follows: |
164,713
164,713
| Net historical cost value: |
164,713
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For the year ended 31 March 2025
C J Covers Limited
Notes to the Financial Statements Continued
109,606
(109,606)
-
-
109,606
| 4. Investments held as fixed assets |
34,164
34,164
34,164
34,164
| Provision for amortisation and impairment |
3,266
3,266
3,266
3,266
30,898
30,898
34,164
34,164
2024
2025
5,500
5,500
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For the year ended 31 March 2025
C J Covers Limited
Notes to the Financial Statements Continued
| 6. Trade and other receivables |
2024
2025
102,237
98,522
85,333
81,211
179,733
187,570
| 7. Trade and other payables: amounts falling due within one year |
2024
2025
73,773
86,586
| Taxation and social security |
51,658
55,387
44,249
8,309
169,680
150,282
| Revaluation reserve at 01 April 2024 |
285,287
285,287
| Revaluation reserve at 31 March 2025 |
| 9. Directors advances and guarantees |
B E Gardner
Interest-free Loan
-
7,255
-
7,255
I Wood
Interest-free Loan
-
8,339
-
8,339
| 10. Average number of persons employed |
During the year the average number of employees was 6 (2024 : 6)
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