Ivor Copeland Ltd

Ivor Copeland Ltd
Contents Page
For the year ended 30 June 2026

Statement of Financial Position	1
Notes to the Financial Statements	2

Registered Number: 04790373 Ivor Copeland Ltd
Statement of Financial Position
As at 30 June 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	4	17,079	21,258
		17,079	21,258
Current assets
Stocks		7,250	7,000
Debtors		48,207	43,915
Cash at bank and in hand		61,786	27,265
		117,243	78,180
Creditors: amount falling due within one year		(77,553)	(67,416)
Net current assets		39,690	10,764

Total assets less current liabilities		56,769	32,022
Net assets		56,769	32,022

Capital and reserves
Called up share capital		3	3
Profit and loss account		56,766	32,019
Shareholders' funds		56,769	32,022

For the year ended 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 19 October 2026 and were signed by:

-------------------------------
Ivor Richard COPELAND
Director

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Ivor Copeland Ltd
Notes to the Abridged Financial Statements
For the year ended 30 June 2026

General Information

Ivor Copeland Ltd is a private company, limited by shares, registered in England and Wales, registration number 04790373, registration address The Old Surgery, Hayling Island, Hampshire, Hampshire, PO11 9JT.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of services supplied by the company,

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

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:

Motor Vehicles	25% Reducing Balance
Land and Buildings	20% Straight Line
Plant and Machinery	20% Reducing Balance
Fixtures and Fittings	25% Reducing Balance

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Stocks

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.

2.

Directors' Emoluments

	2026 £	2025 £
Administrative Expenses
Directors Salaries	9,996	9,996
Directors Pension Contributions	13,072	13,072
	23,068	23,068

3.	Average number of employees Average number of employees during the year was 2 (2025 : 2).

4.

Tangible fixed assets

Cost or valuation	Land and Buildings	Plant and Machinery	Fixtures and Fittings	Motor Vehicles	Total
	£	£	£	£	£
At 01 July 2025	8,758	5,468	7,061	42,075	63,362
Additions	-	-	-	-	-
Disposals	-	-	-	-	-
At 30 June 2026	8,758	5,468	7,061	42,075	63,362
Depreciation
At 01 July 2025	3,502	5,390	6,973	26,239	42,104
Charge for year	175	16	29	3,959	4,179
On disposals	-	-	-	-	-
At 30 June 2026	3,677	5,406	7,002	30,198	46,283
Net book values
Closing balance as at 30 June 2026	5,081	62	59	11,877	17,079
Opening balance as at 01 July 2025	5,256	78	88	15,836	21,258

The net book value of Motor Vehicles includes £ 11,877 (2025 £15,836) in respect of assets leased under finance leases or hire purchase contracts.

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