COMPANY REGISTRATION NUMBER:
14264525
COLO CONSULTING EDUCATION LIMITED |
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
COLO CONSULTING EDUCATION LIMITED |
|
PERIOD FROM 29 JULY 2022 TO 31 MARCH 2023
Balance sheet
1
Notes to the financial statements
2 to 3
COLO CONSULTING EDUCATION LIMITED |
|
31 March 2023
Current assets
Debtors |
4 |
15,450 |
Cash at bank and in hand |
15,245 |
|
------------ |
|
30,695 |
|
|
|
Creditors: amounts falling due within one year |
5 |
(
6,971) |
|
------------ |
Net current assets |
23,724 |
|
------------ |
Total assets less current liabilities |
23,724 |
|
------------ |
Net assets |
23,724 |
|
------------ |
|
|
|
Capital and reserves
Called up share capital |
6 |
100 |
Profit and loss account |
23,624 |
|
------------ |
Shareholders funds |
23,724 |
|
------------ |
|
|
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the Period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
15 May 2023
, and are signed on behalf of the board by:
Company registration number:
14264525
COLO CONSULTING EDUCATION LIMITED |
|
NOTES TO THE FINANCIAL STATEMENTS |
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PERIOD FROM 29 JULY 2022 TO 31 MARCH 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Westgate, Huddersfield, HD1 1PA.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Debtors
|
31 Mar 23 |
|
£ |
Trade debtors |
7,890 |
Directors loan account |
7,560 |
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------------ |
|
15,450 |
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------------ |
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5.
Creditors:
amounts falling due within one year
|
31 Mar 23 |
|
£ |
Accruals and deferred income |
960 |
Corporation tax |
6,011 |
|
------------ |
|
6,971 |
|
------------ |
|
|
6.
Called up share capital
Issued, called up and fully paid
|
31 Mar 23 |
|
No. |
£ |
Ordinary shares of £ 1 each |
100 |
100 |
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------------ |
------------ |
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During the period 100 ordinary shares of £1 each were issued fully paid for cash at par.
7.
Related party transactions
The company is controlled by A J Cummings. The directors loan included in debtors is unsecured and interest-free. It has been settled in full since the balance sheet date.