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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2018 |
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FOR |
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COOPER SPECIALISED HANDLING LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2018 |
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FOR |
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COOPER SPECIALISED HANDLING LIMITED |
COOPER SPECIALISED HANDLING LIMITED (REGISTERED NUMBER: 05354845) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 March 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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COOPER SPECIALISED HANDLING LIMITED |
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COMPANY INFORMATION |
for the year ended 31 March 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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1110 Elliott Court |
Coventry Business Park |
Herald Avenue |
Coventry |
West Midlands |
CV5 6UB |
COOPER SPECIALISED HANDLING LIMITED (REGISTERED NUMBER: 05354845) |
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BALANCE SHEET |
31 March 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Investments | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
9 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
COOPER SPECIALISED HANDLING LIMITED (REGISTERED NUMBER: 05354845) |
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BALANCE SHEET - continued |
31 March 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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COOPER SPECIALISED HANDLING LIMITED (REGISTERED NUMBER: 05354845) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 March 2018 |
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1. | STATUTORY INFORMATION |
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Cooper Specialised Handling Limited is a
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and Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements have been prepared on the going concern basis. This may not be appropriate |
however as the net current liabilities of the company at 31st March 2018 totalled £713.704 (2017: |
£530,801). |
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The directors have prepared cashflow projections and forecasts which reflect their position that the |
company has the ability to continue trading on the going concern basis but this is dependent on the |
continued support of the company's directors, bankers and other creditors. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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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. |
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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. |
COOPER SPECIALISED HANDLING LIMITED (REGISTERED NUMBER: 05354845) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2018 |
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2. | ACCOUNTING POLICIES - continued |
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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. |
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Employee benefit trusts (ebts) |
The company has established trusts for the benefit of its employees and certain of their dependants |
and for the benefit of employees of Cooper Specialised Handling Limited and certain of their |
dependants that were transferred along with the trade, assets, liabilities and undertaking to that |
company. Monies held in these trusts are held by independent trustees and managed at their |
discretion. |
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Where the company retains future economic benefit from, and has de facto control of the assets and |
liabilities of the trust, they are accounted for as assets and liabilities of the company until the earlier of |
the date that an allocation of trust funds to employees in respect of past services is declared and the |
date that assets of the trust vest in identified individuals. |
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Where monies held in a trust are determined by the company on the basis of employees' past services |
to the business and the company can obtain no future economic benefit from those monies, such |
monies, whether in the trust or accrued for by the company are charged to the profit and loss account |
in the period to which they relate. |
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Current asset investments |
Investments in subsidiaries, associates and jointly controlled entities are included at fair value. The |
share of profit or loss from the Godwin Way LLP for its accounting period of the company is included in |
the accounts of that period of the company as a value adjustment. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2017 |
and 31 March 2018 |
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DEPRECIATION |
At 1 April 2017 |
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Charge for year |
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At 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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At 31 March 2017 |
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COOPER SPECIALISED HANDLING LIMITED (REGISTERED NUMBER: 05354845) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2018 |
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5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 April 2017 |
and 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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At 31 March 2017 |
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6. | DEBTORS |
2018 | 2017 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
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Other debtors |
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Directors' current accounts | - | 25,000 |
Prepayments |
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Amounts falling due after more than one year: |
Other debtors | 304,542 | 237,694 |
Directors' loan accounts | 1,069,276 | 829,797 |
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Aggregate amounts |
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COOPER SPECIALISED HANDLING LIMITED (REGISTERED NUMBER: 05354845) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2018 |
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7. | CURRENT ASSET INVESTMENTS |
2018 | 2017 |
£ | £ |
Partnership net current assets |
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The directors consider that, in order to show a true and fair view, the company's value adjustments to |
current asset investments are equivalent to its share of the results of the Godwin Way LLP which |
should be accounted for as such in the Income statement and its share of net assets should be shown |
within current assets on the balance sheet. These accounts have been prepared on that basis. |
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2018 | 2017 |
Stocks | 32,931 | 65,466 |
Debtors | 243 | 4,632 |
Bank | 477 | 447 |
Creditors | ( 288 | ) | (4,680 | ) |
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Net current assets | 33,363 | 65,865 |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings |
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Tax |
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Social security and other taxes |
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Other creditors |
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Accruals and deferred income |
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9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2018 | 2017 |
£ | £ |
Amounts owed to group undertakings |
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10. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2018 | 2017 |
£ | £ |
Within one year |
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Between one and five years |
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COOPER SPECIALISED HANDLING LIMITED (REGISTERED NUMBER: 05354845) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2018 |
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11. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2018 | 2017 |
£ | £ |
Bank overdraft |
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12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 31 March 2018 and |
31 March 2017: |
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2018 | 2017 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Balance outstanding at start of year |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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