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Registration number: 03262877

Copy Right Systems Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

Copy Right Systems Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 8

Copy Right Systems Limited

(Registration number: 03262877)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 414,850 | 425,000
Current assets |  |  |
Stocks | 5 | 30,147 | 28,289
Debtors | 6 | 182,845 | 216,286
Cash at bank and in hand |  | 135 | 29
|  | 213,127 | 244,604
Creditors: Amounts falling due within one year | 7 | (373,604) | (355,462)
Net current liabilities |  | (160,477) | (110,858)
Total assets less current liabilities |  | 254,373 | 314,142
Creditors: Amounts falling due after more than one year | 7 | (54,697) | (68,527)
Provisions for liabilities |  | (45,880) | (53,093)
Net assets |  | 153,796 | 192,522
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Revaluation reserve |  | 142,313 | 149,926
Retained earnings |  | 11,481 | 42,594
Shareholders' funds |  | 153,796 | 192,522

Copy Right Systems Limited

(Registration number: 03262877)
Balance Sheet as at 31 October 2025

For the financial year ending 31 October 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 22 January 2026 and signed on its behalf by:

......................................... G Pointer Director

Copy Right Systems Limited

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

1 | General information

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

The address of its registered office is:
1 Isis Court
Wyndyke Furlong
Abingdon Business Park
Abingdon
Oxfordshire
OX14 1DZ

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.

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.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Copy Right Systems Limited

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

Tangible assets

Freehold land and buildings are measured using the revaluation model. These assets are stated at fair value on the date of the latest revaluation less subsequent accumulated depreciation and any impairment losses, where applicable. Valuations are made on annual basis so that the carrying amount of these asset does not differ materially from its fair value.
Any revaluation surplus is recognised in other comprehensive income, net of the related tax impact, and accumulated in equity, or in profit or loss if it reverses a downwards revaluation previously recognised in profit or loss. Such reversal is recorded in profit or loss. A revaluation deficit is recognised in other comprehensive income, net of the related tax impact, to the extent that it offsets an existing surplus on the same asset with any excess recognised in profit or loss.
The revaluation reserve included in equity in respect of an item of a tangible fixed assets is transferred directly to the profit and loss reserve when the asset is derecognised. However, while the asset is being used, the revaluation reserve is transferred to profit and loss reserve for an amount equivalent to the difference between depreciation based on the revalued carrying amount of the asset and depreciation based on the asset’s original cost. Such transfers are not made through profit or loss.
At each reporting date tangible fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss.
Other 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
Land, buildings & property improvements | Held at valuation with no depreciation
Fixtures & fittings | 50% straight line basis
Motor vehicles | 25% reducing balance 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.

Debtors

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Copy Right Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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 6 (2024 - 6).

Copy Right Systems Limited

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

4 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Motor vehicles £ | Total £
Cost or valuation
At 1 November 2024 | 425,000 | 39,930 | 24,222 | 489,152
Revaluations | (10,150) | - | - | (10,150)
At 31 October 2025 | 414,850 | 39,930 | 24,222 | 479,002
Depreciation
At 1 November 2024 | - | 39,930 | 24,222 | 64,152
At 31 October 2025 | - | 39,930 | 24,222 | 64,152
Carrying amount
At 31 October 2025 | 414,850 | - | - | 414,850
At 31 October 2024 | 425,000 | - | - | 425,000

Included within the net book value of land and buildings above is £414,850 (2024 - £425,000) in respect of freehold land and buildings.

The company's Freehold land and buildings was revalued in June 2023.
Freehold land and buildings comprises the Isis Court property. An independent valuation report was obtained in June 2023. The report stated that, if the property were to be sold, it would command offers over £425,000.
During the year an reduction of £10,150 was made for historical costs incorrectly included.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £214,949 (2024 - £225,099).

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 30,147 | 28,289

Copy Right Systems Limited

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

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 74,325 | 106,487
Prepayments | 9,020 | 10,299
Other debtors | 99,500 | 99,500
| 182,845 | 216,286

Copy Right Systems Limited

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

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 156,036 | 124,455
Trade creditors |  | 60,746 | 109,426
Taxation and social security |  | 66,386 | 88,622
Other creditors |  | 90,436 | 32,959
|  | 373,604 | 355,462

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 54,697 | 68,527

8 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 108,102 | 89,105
Bank overdrafts | 47,934 | 35,350
| 156,036 | 124,455

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 54,697 | 68,527