Company Registration No. 07356196 (England and Wales)
Copyprintscan Ltd
Unaudited accounts
for the year ended 30 April 2022
Copyprintscan Ltd
Unaudited accounts
Contents
Copyprintscan Ltd
Company Information
for the year ended 30 April 2022
Directors
Richard Leek
Andrew Thompson
Karen Leek
Company Number
07356196 (England and Wales)
Registered Office
Carpenter Court
1 Maple Road
Stockport
SK7 2DH
United Kingdom
Accountants
Symmetry Accounting Services Limited
124 Hungerhill Road
Rotherham
South Yorkshire
S61 3NP
Copyprintscan Ltd
Statement of financial position
as at
30 April 2022
Tangible assets
70,346
89,658
Inventories
23,800
21,350
Cash at bank and in hand
222,968
95,528
Creditors: amounts falling due within one year
(298,327)
(201,165)
Net current assets
59,051
44,703
Total assets less current liabilities
129,397
134,361
Creditors: amounts falling due after more than one year
(45,895)
(54,312)
Provisions for liabilities
Deferred tax
(13,366)
(15,630)
Called up share capital
100
100
Profit and loss account
70,036
64,319
Shareholders' funds
70,136
64,419
For the year ending 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 June 2022 and were signed on its behalf by
Richard Leek
Director
Company Registration No. 07356196
Copyprintscan Ltd
Notes to the Accounts
for the year ended 30 April 2022
Copyprintscan Ltd is a private company, limited by shares, registered in England and Wales, registration number 07356196. The registered office is Carpenter Court, 1 Maple Road, Stockport, SK7 2DH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Copyprintscan Ltd
Notes to the Accounts
for the year ended 30 April 2022
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2021
87,201
36,662
47,601
92,235
263,699
Additions
4,673
-
-
12,700
17,373
Disposals
-
-
-
(28,471)
(28,471)
At 30 April 2022
91,874
36,662
47,601
76,464
252,601
At 1 May 2021
66,583
16,009
42,205
49,244
174,041
Charge for the year
6,323
5,163
1,349
10,614
23,449
On disposals
-
-
-
(15,235)
(15,235)
At 30 April 2022
72,906
21,172
43,554
44,623
182,255
At 30 April 2022
18,968
15,490
4,047
31,841
70,346
At 30 April 2021
20,618
20,653
5,396
42,991
89,658
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
11,744
15,659
5
Debtors: amounts falling due within one year
2022
2021
Trade debtors
102,971
121,858
Accrued income and prepayments
7,639
7,132
Copyprintscan Ltd
Notes to the Accounts
for the year ended 30 April 2022
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
9,013
34,306
Obligations under finance leases and hire purchase contracts
4,644
4,379
Trade creditors
129,128
37,354
Taxes and social security
98,504
83,194
Loans from directors
67
81
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
8,374
13,018
8
Deferred taxation
2022
2021
Accelerated capital allowances
13,366
15,630
Provision at start of year
15,630
16,565
Credited to the profit and loss account
(2,264)
(935)
Provision at end of year
13,366
15,630
9
Share capital
2022
2021
Allotted, called up and fully paid:
75 Ordinary shares of £1 each
75
75
25 Ordinary A shares of £1 each
25
25
10
Operating lease commitments
2022
2021
At 30 April 2022 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
2,766
6,600
Within two to five years
-
2,578
Copyprintscan Ltd
Notes to the Accounts
for the year ended 30 April 2022
11
Transactions with related parties
Dividends of £363,700 were paid to key management personnel during the year (2021: £376,600).
Due to his shareholding, Mr Richard Leek is the controlling party.
13
Average number of employees
During the year the average number of employees was 14 (2021: 11).