Copston Associates Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01822194

Copston Associates Limited

T/A

IMP

Unaudited Financial Statements For The Year Ended 31 October 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R Ralston

Mrs P M M Ralston

Mr D M Bown

Mrs E J Ralston - Bown

Mr A J Smith

REGISTERED OFFICE:

RO24 Units 3/4 Jarman Way

Royston

Hertfordshire

SG8 5FE

REGISTERED NUMBER:

01822194

FIXED ASSETS

Intangible assets

4

-

Property, plant and equipment

5

150,266

211,105

150,266

211,105

CURRENT ASSETS

Inventories

6

487,111

510,069

Debtors

7

896,870

1,089,281

Cash at bank

367,691

610,927

1,751,672

2,210,277

CREDITORS

Amounts falling due within one year

8

(1,015,665

)

(1,494,714

)

NET CURRENT ASSETS

736,007

715,563

TOTAL ASSETS LESS CURRENT
LIABILITIES

886,273

926,668

PROVISIONS FOR LIABILITIES

(35,249

)

(50,310

)

NET ASSETS

851,024

876,358

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

850,924

876,258

SHAREHOLDERS' FUNDS

851,024

876,358

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 July 2026 and were signed on its behalf by:

Mr R Ralston - Director

Mr D M Bown - Director

Mrs E J Ralston - Bown - Director

Mr A J Smith - Director

1.	STATUTORY INFORMATION

Copston Associates Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

15% on reducing balance

Furniture and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

100,000

AMORTISATION

At 1 November 2024

and 31 October 2025

100,000

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Furniture

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

COST

At 1 November 2024

67,332

34,373

28,971

332,709

463,385

Disposals

-

(43,340

)

(43,340

)

At 31 October 2025

67,332

34,373

28,971

289,369

420,045

DEPRECIATION

At 1 November 2024

51,400

23,671

24,810

152,399

252,280

Charge for year

2,390

1,606

624

41,363

45,983

Eliminated on disposal

-

(28,484

)

(28,484

)

At 31 October 2025

53,790

25,277

25,434

165,278

269,779

NET BOOK VALUE

At 31 October 2025

13,542

9,096

3,537

124,091

150,266

At 31 October 2024

15,932

10,702

4,161

180,310

211,105

6.	INVENTORIES

2025

2024

£

Stocks

487,111

510,069

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

615,093

818,835

Other debtors

22,159

12,828

Directors' current accounts

178,887

Tax

58,175

Prepayments

22,556

20,556

896,870

1,089,281

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

468,514

569,937

Tax

190,974

145,085

Social security and other taxes

11,135

19,557

VAT

86,107

153,480

Other creditors

257,035

604,755

Accrued expenses

1,900

1,015,665

1,494,714

9.	RELATED PARTY DISCLOSURES

During the year the company paid £330,000 as dividends to Copston Associates Holdings Ltd:- the immediate parent company (2024 - £300,000).

At the year end date there was balance of £162,545 owed to Copston Associates Holdings Ltd (2024- £492,327).

At the balance sheet date the company was owed £149,887 (2024 - £149,887) from its directors Mr R Ralston and Mrs P Ralston and £29,000 (2024 - £29,000) from its director Mr D Bown.