Company Registration No. 7519405 (England and Wales)
G&R COLLINS CONSTRUCTION LTD
Unaudited accounts
for the year ended 31 March 2023
G&R COLLINS CONSTRUCTION LTD
Unaudited accounts
Contents
G&R COLLINS CONSTRUCTION LTD
Company Information
for the year ended 31 March 2023
Directors
Greg Henry Collins
Rachel Caroline Collins
Julia Cato
Company Number
7519405 (England and Wales)
Registered Office
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OX12 8AT
ENGLAND
Accountants
J JENKIN & ASSOCIATES LIMITED
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
G&R COLLINS CONSTRUCTION LTD
Accountants' report
Accountants' report to the board of directors of G&R COLLINS CONSTRUCTION LTD on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
G&R COLLINS CONSTRUCTION LTD for the year ended
31 March 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of G&R COLLINS CONSTRUCTION LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of G&R COLLINS CONSTRUCTION LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G&R COLLINS CONSTRUCTION LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that G&R COLLINS CONSTRUCTION LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of G&R COLLINS CONSTRUCTION LTD. You consider that G&R COLLINS CONSTRUCTION LTD 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 accounts of G&R COLLINS CONSTRUCTION LTD. 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 accounts.
J JENKIN & ASSOCIATES LIMITED
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
2 August 2023
G&R COLLINS CONSTRUCTION LTD
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
(4,165)
(3,367)
Creditors: amounts falling due within one year
(2,636)
15,128
Net current assets
9,088
19,297
Total assets less current liabilities
9,088
19,297
Creditors: amounts falling due after more than one year
(8,397)
(18,746)
Called up share capital
100
100
Profit and loss account
591
451
Shareholders' funds
691
551
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2023 and were signed on its behalf by
Greg Henry Collins
Director
Company Registration No. 7519405
G&R COLLINS CONSTRUCTION LTD
Notes to the Accounts
for the year ended 31 March 2023
G&R COLLINS CONSTRUCTION LTD is a private company, limited by shares, registered in England and Wales, registration number 7519405. The registered office is POST OFFICE VAULTS, 4 MARKET PLACE, WANTAGE, OX12 8AT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
G&R COLLINS CONSTRUCTION LTD
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2022
561
2,550
3,111
At 31 March 2023
561
2,550
3,111
At 1 April 2022
561
2,550
3,111
At 31 March 2023
561
2,550
3,111
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,324
-
Obligations under finance leases and hire purchase contracts
-
5,000
Taxes and social security
(2,688)
5,387
Loans from directors
-
(25,515)
7
Creditors: amounts falling due after more than one year
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
G&R COLLINS CONSTRUCTION LTD
Notes to the Accounts
for the year ended 31 March 2023
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).