REGISTERED NUMBER: 00664416 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Geo. Copsey & Co., Limited

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Property, plant and equipment

4

3,026,965

2,645,304

Investments

5

17,751

17,751

3,044,716

2,663,055

CURRENT ASSETS

Inventories

76,203

213,152

Debtors

6

298,401

288,073

Cash at bank

62

62

374,666

501,287

CREDITORS

Amounts falling due within one year

7

697,961

479,298

NET CURRENT (LIABILITIES)/ASSETS

(323,295

)

21,989

TOTAL ASSETS LESS CURRENT LIABILITIES

2,721,421

2,685,044

CREDITORS

Amounts falling due after more than one year

8

(616,108

)

(593,539

)

PROVISIONS FOR LIABILITIES

(31,546

)

(31,546

)

NET ASSETS

2,073,767

2,059,959

CAPITAL AND RESERVES

Called up share capital

500

500

Retained earnings

2,073,267

2,059,459

SHAREHOLDERS' FUNDS

2,073,767

2,059,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 19 November 2025 and were signed on its behalf by:

Mr Henry Albert Tebbutt Snr - Director

1.	STATUTORY INFORMATION

Geo. Copsey & Co., Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00664416

Registered office:

178 Crow Lane

Romford

RM7 0ES

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.

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.

Freehold property

-

2% on cost

Improvements to property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures 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 statement of financial position date.

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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 - 18 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 29 February 2024

2,045,400

1,086,822

162,718

Additions

26,058

215,000

152,469

At 28 February 2025

2,071,458

1,301,822

315,187

DEPRECIATION

At 29 February 2024

242,744

487,603

111,768

Charge for year

22,248

11,984

23,391

At 28 February 2025

264,992

499,587

135,159

NET BOOK VALUE

At 28 February 2025

1,806,466

802,235

180,028

At 28 February 2024

1,802,656

599,219

50,950

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 29 February 2024

112,216

1,224,959

4,632,115

Additions

12,350

115,833

521,710

At 28 February 2025

124,566

1,340,792

5,153,825

DEPRECIATION

At 29 February 2024

89,252

1,055,444

1,986,811

Charge for year

5,297

77,129

140,049

At 28 February 2025

94,549

1,132,573

2,126,860

NET BOOK VALUE

At 28 February 2025

30,017

208,219

3,026,965

At 28 February 2024

22,964

169,515

2,645,304

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 29 February 2024

and 28 February 2025

11,500

241,853

253,353

DEPRECIATION

At 29 February 2024

8,771

176,545

185,316

Charge for year

682

16,327

17,009

At 28 February 2025

9,453

192,872

202,325

NET BOOK VALUE

At 28 February 2025

2,047

48,981

51,028

At 28 February 2024

2,729

65,308

68,037

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 29 February 2024

and 28 February 2025

17,751

NET BOOK VALUE

At 28 February 2025

17,751

At 28 February 2024

17,751

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

28.2.24

£

£

Trade debtors

53,238

74,013

Other debtors

245,163

214,060

298,401

288,073

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

28.2.24

£

£

Bank loans and overdrafts

158,522

38,747

Hire purchase contracts

48,562

35,987

Trade creditors

88,668

89,029

Taxation and social security

52,709

28,691

Other creditors

349,500

286,844

697,961

479,298

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

28.2.24

£

£

Bank loans

442,236

451,457

Hire purchase contracts

170,136

127,829

Other creditors

3,736

14,253

616,108

593,539