34625115 2023-01-01 2023-12-31 34625115 2023-01-01 2023-12-31 0 34625115 2023-01-01 2023-12-31 0 34625115 2023-01-01 2023-12-31 1 34625115 2023-01-01 2023-12-31 2 34625115 2022-01-01 2022-12-31 34625115 2023-12-31 34625115 2022-12-31 iso4217:DKK Annual report 2024-06-28 Yuyang Feng COPAC A/S Diplomvej 381 2800 Kgs. Lyngby info@copac.dk 34625115 2023-01-01 2023-12-31 <p xmlns="http://www.w3.org/1999/xhtml">Management has today considered and approved the annual report for the financial year 01. January 2023 - 31. December 2023 for COPAC A/S. <br/> <br/> The annual report is presented in accordance with the Danish Financial Statements Act. <br/> <br/> Management believes that the financial statements give a true and fair view of the company's assets, liabilities and financial position and of the result. <br/> <br/> The annual report is submitted for approval by the General Assembly.</p> Management considers the conditions for opting out of audit to be met. København 2024-06-28 Yuyang Feng Henrik Kemp Yuyang Feng Jue Wang <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size: 18.0px;"> <strong>Management’s Review</strong></span></p> <p xmlns="http://www.w3.org/1999/xhtml"> <br/> <strong>Major Activities</strong> <br/> The company's activities consists of the development and sales of instruments and solutions to industries and research institutes. <br/>   <br/> <strong>Reasons for any major changes in your Company's activities or economy</strong> <br/> The Company's income statement for 2023 shows a loss of DKK 316,675 as against a loss of DKK 539,678 in 2022. Equity in the Company's balance sheet at 31 December 2023 stood at DKK 380,192 as against DKK 696,867 at 31 December 2022. <br/>   <br/> <strong>Events after the end of the financial year</strong> <br/> After the end of the financial year, no events have occurred that could materially affect the company's financial position.</p> The annual report has been prepared in accordance with the regulation applying to Reporting class B. Reporting class B <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong> <span style="font-size: 18.0px;">Income statement</span></strong></p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong> <span style="font-size: 16.0px;">Revenue</span></strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Income from the sale of goods, is recognised in revenue when delivery and transfer of risk to the buyer have taken place, and the income may be measured reliably and is expected to be received. The date of transfer of the most significant benefits and risks is determined using standard Incoterms ®2020.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong> <span style="font-size: 16.0px;">Cost of sales</span></strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Cost of sales comprises costs incurred to generate revenue for the year. This item also comprises direct costs for goods for resale and changes to inventory of goods for resale.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong> <span style="font-size: 16.0px;">Other external costs</span></strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Other external costs comprise costs for distribution and sales costs, costs for advertising, administrative expenses, costs of premises, etc.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong> <span style="font-size: 16.0px;">Staff costs</span></strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Staff costs comprise wages and salaries, including holiday allowance, pension and other social security costs.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong> <span style="font-size: 16.0px;">Other operating costs</span></strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Other operating costs comprise items secondary to the activities of the entities, including losses on the disposal of intangible assets and property, plant and equipment.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong> <span style="font-size: 16.0px;">Financial income and expenses</span></strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Financial income and expenses comprise interest income and expense, as well as surcharges and refunds under the on-account tax scheme, etc.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong> <span style="font-size: 16.0px;">Tax on loss for the year</span></strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Tax for the year comprises current tax for the year and changes in deferred tax, including changes in tax rates. The tax expense relating to the profit/loss for the year is recognised in the income statement at the amount attributable to the profit/loss for the year and directly in equity at the amount attributable to entries directly in equity.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">On payment of joint taxation contributions, current Danish corporation tax is allocated between the jointly taxed entities in proportion to their taxable income. Entities with tax losses receive joint taxation contributions from entities that have used the losses to reduce their own taxable profit.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong> <span style="font-size: 18.0px;">Balance sheet</span></strong></p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong> <span style="font-size: 16.0px;">Property, plant and equipment</span></strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Fixtures and fittings, tools and equipment are measured at cost less accumulated depreciation and impairment losses.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Cost comprises the purchase price and any costs directly attributable to the acquisition until the date on which the asset is available for use. Indirect production overheads and borrowing costs are not recognised in cost.</p> <p xmlns="http://www.w3.org/1999/xhtml">Where individual components of an item of property, plant and equipment have different useful lives, they are accounted for as separate items, which are depreciated separately.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">The basis of depreciation is cost less any projected residual value after the end of the useful life. Depreciation is provided on a straight-line basis over the estimated useful life. The estimated useful lives are as follows:</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Fixtures, fittings, tools and equipment                                   4 years            </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">The useful life and residual value are reassessed annually. Changes are treated as accounting estimates, and the effect on depreciation is recognised prospectively.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Gains and losses on the disposal of property, plant and equipment are stated as the difference between the selling price less selling costs and the carrying amount at the date of disposal. Gains and losses are recognised in the income statement as other operating income or other operating costs, respectively.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong> <span style="font-size: 16.0px;">Impairment of fixed assets</span></strong></p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">The carrying amount of intangible assets and property, plant and equipment as well as equity investments in group entities and associates is subject to an annual test for indications of impairment other than the decrease in value reflected by depreciation or amortisation.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Impairment tests are conducted of individual assets or groups of assets when there is an indication that they may be impaired. Write-down is made to the recoverable amount if this is lower than the carrying amount.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">The recoverable amount is the higher of an asset's net selling price and its value in use. The value in use is determined as the present value of the forecast net cash flows from the use of the asset or the group of assets, including forecast net cash flows from the disposal of the asset or the group of assets after the end of the useful life.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Previously recognised write-downs are reversed when the basis for the write-down no longer exists. Write-down of goodwill is not reversed.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size: 16.0px;"> <strong>Inventories</strong></span></p> <p xmlns="http://www.w3.org/1999/xhtml">Inventories are measured at cost in accordance with the FIFO method. Where the net realisable value is lower than cost, inventories are written down to this lower value.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size: 16.0px;"> <strong>Receivables</strong></span></p> <p xmlns="http://www.w3.org/1999/xhtml">Receivables are measured at amortised cost.</p> <p xmlns="http://www.w3.org/1999/xhtml">Write-down is made for bad debt losses where there is an objective indication that a receivable has been impaired. If there is an objective indication that an individual receivable has been impaired, write-down is made on an individual basis.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Write-downs are calculated as the difference between the carrying amount of receivables and the present value of forecast cash flows, including the realisable value of any collateral received. The effective interest rate for the individual receivable or portfolio is used as discount rate.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong> <span style="font-size: 16.0px;">Cash at bank and in hand</span></strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Cash at bank and in hand comprise cash and bank deposits.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong> <span style="font-size: 16.0px;">Liabilities</span></strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Liabilities are measured at amortised cost.</p> 123499 351271 475540 697072 51491 51491 0 627 -403532 -397292 0 173 2462 8853 -405994 -406599 -89319 133079 -316675 -539678 -316675 -539678 -316675 -539678 51491 102982 51491 102982 15857 15857 15857 15857 67348 118839 30000 30000 30000 30000 77063 87375 116795 290000 167333 78015 80575 101448 441766 556838 5104 133838 476870 720676 544218 839515 400000 400000 -19808 296867 380192 696867 109180 137753 54846 4895 164026 142648 164026 142648 544218 839515 <table xmlns="http://www.w3.org/1999/xhtml" style="border-bottom: 0.0px;border-collapse: collapse;border-left: 0.0px;border-right: 0.0px;border-top: 0.0px;width: 650.0px;"> <tbody> <tr> <th style="border-bottom: 0.0px;border-left: 0.0px;border-right: 0.0px;border-top: 0.0px;width: 60.0%;"> </th> <th style="border-bottom: 0.0px;border-left: 0.0px;border-right: 0.0px;border-top: 0.0px;font-weight: bold;text-align: right;width: 25.0%;">2023</th> <th style="border-bottom: 0.0px;border-left: 0.0px;border-right: 0.0px;border-top: 0.0px;font-weight: bold;text-align: right;width: 15.0%;">2022</th> </tr> <tr> <th> </th> <th style="border-bottom: 1.0px solid;padding-bottom: 10.0px;text-align: right;">DKK</th> <th style="border-bottom: 1.0px solid;padding-bottom: 10.0px;text-align: right;">DKK</th> </tr> <tr> <td>Wages and salaries</td> <td style="text-align: right;">424,110</td> <td style="text-align: right;">663,870</td> </tr> <tr> <td>Pensions</td> <td style="text-align: right;">46,326</td> <td style="text-align: right;">25,946</td> </tr> <tr> <td>Social security contributions</td> <td style="text-align: right;">5,104</td> <td style="text-align: right;">7,256</td> </tr> <tr> <td> </td> <td style="border-bottom: 2.0px solid;border-top: 2.0px solid;text-align: right;">475,540</td> <td style="border-bottom: 2.0px solid;border-top: 2.0px solid;text-align: right;">697,072</td> </tr> </tbody> </table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-bottom: 0.0px;border-collapse: collapse;border-left: 0.0px;border-right: 0.0px;border-top: 0.0px;width: 650.0px;"> <tbody> <tr> <th style="border-bottom: 0.0px;border-left: 0.0px;border-right: 0.0px;border-top: 0.0px;width: 60.0%;"> </th> <th style="border-bottom: 0.0px;border-left: 0.0px;border-right: 0.0px;border-top: 0.0px;font-weight: bold;text-align: right;width: 25.0%;">2023</th> <th style="border-bottom: 0.0px;border-left: 0.0px;border-right: 0.0px;border-top: 0.0px;font-weight: bold;text-align: right;width: 15.0%;">2022</th> </tr> <tr> <th> </th> <th style="border-bottom: 1.0px solid;padding-bottom: 10.0px;text-align: right;">DKK</th> <th style="border-bottom: 1.0px solid;padding-bottom: 10.0px;text-align: right;">DKK</th> </tr> <tr> <td>Changes in deferred tax</td> <td style="text-align: right;">-89,319</td> <td style="text-align: right;">133,079</td> </tr> <tr> <td> </td> <td style="border-bottom: 2.0px solid;border-top: 2.0px solid;text-align: right;">-89,319</td> <td style="border-bottom: 2.0px solid;border-top: 2.0px solid;text-align: right;">133,079</td> </tr> </tbody> </table> <table xmlns="http://www.w3.org/1999/xhtml" class="incomeStatement" style="border:0; margin-bottom: 20px;"> <thead> <tr class="header1"> <th class="col1"/> <th class="col2"/> <th class="col3">2023</th> </tr> </thead> <tbody> <tr> <td class="col1 dotted"> <span> Average number of employees </span> </td> <td class="col2"> </td> <td class="col3"> 1 </td> <td class="col4 lastyear"> </td> </tr> </tbody> </table> 1 false false false true Erhvervsstyrelsen Regnskab Basis 2022-12-31 2022-01-01 No audit assistance Startup Service ApS Toggangen 16, st. TH 2730 Herlev