IRIS Accounts Production v23.2.0.158 01012960 director 1.10.21 30.9.22 30.9.22 true false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure010129602021-09-30010129602022-09-30010129602021-10-012022-09-30010129602020-09-30010129602020-10-012021-09-30010129602021-09-3001012960ns16:EnglandWales2021-10-012022-09-3001012960ns15:PoundSterling2021-10-012022-09-3001012960ns11:Director12021-10-012022-09-3001012960ns11:PrivateLimitedCompanyLtd2021-10-012022-09-3001012960ns11:SmallEntities2021-10-012022-09-3001012960ns11:AuditExemptWithAccountantsReport2021-10-012022-09-3001012960ns11:SmallCompaniesRegimeForDirectorsReport2021-10-012022-09-3001012960ns11:SmallCompaniesRegimeForAccounts2021-10-012022-09-3001012960ns11:AbridgedAccounts2021-10-012022-09-300101296012021-10-012022-09-3001012960ns11:RegisteredOffice2021-10-012022-09-3001012960ns6:CurrentFinancialInstruments2022-09-3001012960ns6:CurrentFinancialInstruments2021-09-3001012960ns6:Non-currentFinancialInstruments2022-09-3001012960ns6:Non-currentFinancialInstruments2021-09-3001012960ns6:ShareCapital2022-09-3001012960ns6:ShareCapital2021-09-3001012960ns6:RevaluationReserve2022-09-3001012960ns6:RevaluationReserve2021-09-3001012960ns6:RetainedEarningsAccumulatedLosses2022-09-3001012960ns6:RetainedEarningsAccumulatedLosses2021-09-3001012960ns6:NetGoodwill2021-10-012022-09-3001012960ns6:IntangibleAssetsOtherThanGoodwill2021-10-012022-09-3001012960ns6:ComputerEquipment2021-10-012022-09-3001012960ns6:AfterOneYearns6:Non-currentFinancialInstruments2022-09-3001012960ns6:AfterOneYearns6:Non-currentFinancialInstruments2021-09-3001012960ns6:RevaluationReserve2021-09-3001012960ns11:Director112021-09-3001012960ns11:Director112020-09-3001012960ns11:Director112021-10-012022-09-3001012960ns11:Director112020-10-012021-09-3001012960ns11:Director112022-09-3001012960ns11:Director112021-09-30
REGISTERED NUMBER: 01012960 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

COLECAR HOLDINGS LIMITED

COLECAR HOLDINGS LIMITED (REGISTERED NUMBER: 01012960)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

COLECAR HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2022







DIRECTOR: J F C Carter





REGISTERED OFFICE: Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ





REGISTERED NUMBER: 01012960 (England and Wales)





ACCOUNTANTS: Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ

COLECAR HOLDINGS LIMITED (REGISTERED NUMBER: 01012960)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 150,005 150,006
Investments 6 40,000 40,000
190,005 190,006

CURRENT ASSETS
Stocks 2,176 3,026
Debtors 7 394,011 329,154
Investments 375 375
Cash at bank 73 150
396,635 332,705
CREDITORS
Amounts falling due within one year 89,133 71,294
NET CURRENT ASSETS 307,502 261,411
TOTAL ASSETS LESS CURRENT
LIABILITIES

497,507

451,417

CREDITORS
Amounts falling due after more than one
year

(811,285

)

(765,176

)

PROVISIONS FOR LIABILITIES (16,930 ) (16,930 )
NET LIABILITIES (330,708 ) (330,689 )

CAPITAL AND RESERVES
Called up share capital 60 60
Revaluation reserve 8 101,872 101,872
Retained earnings (432,640 ) (432,621 )
SHAREHOLDERS' FUNDS (330,708 ) (330,689 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

COLECAR HOLDINGS LIMITED (REGISTERED NUMBER: 01012960)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 September 2023 and were signed by:





J F C Carter - Director


COLECAR HOLDINGS LIMITED (REGISTERED NUMBER: 01012960)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

1. STATUTORY INFORMATION

Colecar Holdings 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.

The company's place of business differs from its registered office but is also located in Southend.

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 as modified by the revaluation of certain assets.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of two years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

Stocks
Stocks 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 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.

COLECAR HOLDINGS LIMITED (REGISTERED NUMBER: 01012960)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022

2. ACCOUNTING POLICIES - continued

Investments
Listed investments are disclosed at cost at the balance sheet date. Any permanent diminution in value of the listed investments is written off to the profit and loss account.

Investments in associated companies are stated at the lower of cost and net asset valuation at the balance sheet date. Any permanent diminution in value is written off to the profit and loss account.

Ground rent investments are included at market value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2021
and 30 September 2022 30,000
AMORTISATION
At 1 October 2021
and 30 September 2022 30,000
NET BOOK VALUE

At 30 September 2022 -
At 30 September 2021 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 October 2021
and 30 September 2022 152,613
DEPRECIATION
At 1 October 2021 2,607
Charge for year 1
At 30 September 2022 2,608
NET BOOK VALUE
At 30 September 2022 150,005
At 30 September 2021 150,006

COLECAR HOLDINGS LIMITED (REGISTERED NUMBER: 01012960)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 September 2022 is represented by:

Freehold Computer
property equipment Totals
£    £    £   
Valuation in 1999 42,719 - 42,719
Valuation in 2000 10,000 - 10,000
Valuation in 2001 10,000 - 10,000
Valuation in 2002 35,000 - 35,000
Valuation in 2003 30,000 - 30,000
Valuation in 2004 13,083 - 13,083
Valuation in 2011 (25,000 ) - (25,000 )
Cost 34,198 2,613 36,811
150,000 2,613 152,613

If the investment property had not been revalued it would have been included at the following historical cost:

2022 2021
£    £   
Cost 34,198 34,198

The investment property was valued on an open market basis on 30 September 2022 by the director .

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 October 2021
and 30 September 2022 40,000
NET BOOK VALUE
At 30 September 2022 40,000
At 30 September 2021 40,000

Cost or valuation at 30 September 2022 is represented by:
Totals
£   
Valuation in 2001 (145,614 )
Valuation in 2007 1,500
Valuation in 2010 (1,500 )
Cost 185,614
40,000

COLECAR HOLDINGS LIMITED (REGISTERED NUMBER: 01012960)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022

6. FIXED ASSET INVESTMENTS - continued

If investments had not been revalued they would have been included at the following historical cost:

2022 2021
£    £   
Cost 185,614 185,614

Shares in unlisted investments were valued on an equity basis on 30 September 2022 by the director .

7. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Other debtors 20,000 20,000

8. RESERVES
Revaluation
reserve
£   
At 1 October 2021
and 30 September 2022 101,872

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2022 and 30 September 2021:

2022 2021
£    £   
J F C Carter
Balance outstanding at start of year 220,024 61,423
Amounts advanced 47,183 158,601
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 267,207 220,024

10. GOING CONCERN

The financial statements show that at 30 September 2022 the company has a deficiency of net assets amounting to £330,708 (2021 - £330,689). The continuation of the company's activities is dependent upon the support of the director and as this will be provided it is considered appropriate to prepare the financial statements on a going concern basis.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
COLECAR HOLDINGS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Colecar Holdings Limited for the year ended 30 September 2022 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Colecar Holdings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Colecar Holdings Limited and state those matters that we have agreed to state to the director of Colecar Holdings Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Colecar Holdings Limited and its director for our work or for this report.

It is your duty to ensure that Colecar Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Colecar Holdings Limited. You consider that Colecar Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Colecar Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ


29 September 2023