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REGISTERED NUMBER: 07840772 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

COLONIAL BUILD LIMITED

COLONIAL BUILD LIMITED (REGISTERED NUMBER: 07840772)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COLONIAL BUILD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







Directors: M S Bridge
P H Williams





Registered office: First Floor
44 High Street
Newport Pagnell
Buckinghamshire
MK16 8AQ





Registered number: 07840772 (England and Wales)





Accountants: Clark Pritchard
First Floor
44 High Street
Newport Pagnell
Buckinghamshire
MK16 8AQ

COLONIAL BUILD LIMITED (REGISTERED NUMBER: 07840772)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
Fixed assets
Tangible assets 4 892,736 90,330

Current assets
Stocks 761,124 911,124
Debtors 5 353,705 577,564
Cash at bank 437,492 918,758
1,552,321 2,407,446
Creditors
Amounts falling due within one year 6 459,746 1,250,424
Net current assets 1,092,575 1,157,022
Total assets less current liabilities 1,985,311 1,247,352

Creditors
Amounts falling due after more than one
year

7

679,425

57,387
Net assets 1,305,886 1,189,965

Capital and reserves
Called up share capital 100 100
Retained earnings 1,305,786 1,189,865
Shareholders' funds 1,305,886 1,189,965

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

COLONIAL BUILD LIMITED (REGISTERED NUMBER: 07840772)

BALANCE SHEET - continued
31 DECEMBER 2021


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2022 and were signed on its behalf by:




P H Williams - Director



M S Bridge - Director


COLONIAL BUILD LIMITED (REGISTERED NUMBER: 07840772)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. Statutory information

Colonial Build Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
Turnover 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.
Plant and machinery etc - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

COLONIAL BUILD LIMITED (REGISTERED NUMBER: 07840772)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

2. Accounting policies - continued

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.

3. Employees and directors

The average number of employees during the year was 2 (2020 - 2 ) .

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 January 2021 - 196,602 196,602
Additions 746,739 79,160 825,899
Disposals - (29,999 ) (29,999 )
At 31 December 2021 746,739 245,763 992,502
Depreciation
At 1 January 2021 - 106,272 106,272
Charge for year - 23,493 23,493
Eliminated on disposal - (29,999 ) (29,999 )
At 31 December 2021 - 99,766 99,766
Net book value
At 31 December 2021 746,739 145,997 892,736
At 31 December 2020 - 90,330 90,330

COLONIAL BUILD LIMITED (REGISTERED NUMBER: 07840772)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. Tangible fixed assets - continued

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

Plant and
machinery
etc
£   
Cost
At 1 January 2021 137,128
Additions 79,160
Disposals (29,999 )
At 31 December 2021 186,289
Depreciation
At 1 January 2021 79,709
Charge for year 17,260
Eliminated on disposal (29,999 )
At 31 December 2021 66,970
Net book value
At 31 December 2021 119,319
At 31 December 2020 57,419

5. Debtors: amounts falling due within one year
2021 2020
£    £   
Trade debtors 129,329 140,101
Other debtors 224,376 437,463
353,705 577,564

6. Creditors: amounts falling due within one year
2021 2020
£    £   
Bank loans and overdrafts 74,206 200,000
Hire purchase contracts 33,266 16,220
Trade creditors 170,638 971,450
Amounts owed to associates 151,625 -
Taxation and social security 25,249 57,992
Other creditors 4,762 4,762
459,746 1,250,424

7. Creditors: amounts falling due after more than one year
2021 2020
£    £   
Bank loans 599,014 -
Hire purchase contracts 80,411 57,387
679,425 57,387