Company registration number: 01340877
Unaudited financial statements
for the year ended 31 March 2025
for
Covelward Ltd
Pages for filing with the Registrar
Covelward Ltd
Accountants' Report to the Board of Directors for the preparation of the unaudited
financial statements
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Covelward Ltd for the year ended 31 March 2025 which comprise the Profit and loss account, Balance sheet and the notes to the financial statements from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Covelward Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Covelward Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Covelward Ltd and its Board of Directors, as a body, for our work, or for this report.
It is your duty to ensure that Covelward Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Covelward Ltd. You consider that Covelward Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Covelward Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
AMR Bookkeeping & Accounts Ltd
4 Spur Road
Cosham
Hampshire
PO6 3EB
United Kingdom
Date: 15 December 2025
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Company registration number: 01340877
Covelward Ltd
Balance sheet
as at 31 March 2025
31 Mar 25 31 Mar 24
Note £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 22,340 15,678
22,340 15,678
Current assets
Debtors - 4,286
Cash at bank and in hand 11,318 3,165
11,318 7,451
Creditors: amounts falling due within one
year 		(26,439) (1,718)
Net current (liabilities)/assets (15,121) 5,733
Total assets less current liabilities 7,219 21,411
Creditors: Amounts falling due after more
than one year 		(10,990) (10,990)
NET (LIABILITIES)/ASSETS (3,771) 10,421
Capital and reserves
Called up share capital 100 100
Profit and loss account (3,871) 10,321
TOTAL EQUITY (3,771) 10,421
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 01340877
Covelward Ltd
Balance sheet - continued
as at 31 March 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 15 December 2025 and signed on its behalf by:
Mr K Edwards, Director
15 December 2025
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Covelward Ltd
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
Covelward Ltd is a private company registered in England and Wales. Its registered number is 01340877. The company is limited by shares. Its registered office is Unit 2 The Ridgeway, Kingscroft Business Park, Havant, Hampshire, PO9 1QJ.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the 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.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill -
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Improvements to property - 0% reducing balance
Plant and machinery - 20% reducing balance
Motor vehicles - 20% reducing balance
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Covelward Ltd
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was Nil (2024 - Nil).
4 Intangible assets
Goodwill
£
Cost
At 1 April 2024 28,276
At 31 March 2025 28,276
Amortisation
At 1 April 2024 28,276
At 31 March 2025 28,276
Net book value
At 31 March 2025 -
At 31 March 2024 -
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 April 2024 139,193
Additions 9,500
At 31 March 2025 148,693
Depreciation
At 1 April 2024 123,515
Charge for year 2,838
At 31 March 2025 126,353
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Covelward Ltd
Notes to the financial statements - continued
for the year ended 31 March 2025
5 Tangible fixed assets - continued
Net book value
At 31 March 2025 22,340
At 31 March 2024 15,678
6 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the periods ended 31 March 2025 and 31 March 2024.
31 Mar 25 31 Mar 24
£ £
Mr K M Edwards
Balance outstanding at start of year 674 1,173
Amounts advanced 24,252 -
Amounts repaid - (499)
Balance outstanding at end of year 24,926 674
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