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REGISTERED NUMBER: 08115049 (England and Wales)












ROBERT COLLIN LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






ROBERT COLLIN LIMITED (REGISTERED NUMBER: 08115049)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ROBERT COLLIN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: R J Collin





REGISTERED OFFICE: Basses Farm
Poppeypole Lane
Stickford fen
Boston
Lincolnshire
PE22 8HF





REGISTERED NUMBER: 08115049 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Boston)
The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA

ROBERT COLLIN LIMITED (REGISTERED NUMBER: 08115049)

ABRIDGED BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 12,055 15,217
Tangible assets 4 1,239,916 928,311
Investments 5 1 1
1,251,972 943,529

CURRENT ASSETS
Stocks 320,033 216,042
Debtors 104,710 122,031
Cash at bank 403,708 280,120
828,451 618,193
CREDITORS
Amounts falling due within one year 254,980 188,397
NET CURRENT ASSETS 573,471 429,796
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,825,443

1,373,325

CREDITORS
Amounts falling due after more than one
year

6

(911,194

)

(698,828

)

PROVISIONS FOR LIABILITIES (90,063 ) (83,642 )
NET ASSETS 824,186 590,855

ROBERT COLLIN LIMITED (REGISTERED NUMBER: 08115049)

ABRIDGED BALANCE SHEET - continued
30 JUNE 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 824,086 590,755
SHAREHOLDERS' FUNDS 824,186 590,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

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 June 2023 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 13 October 2023 and were signed by:





R J Collin - Director


ROBERT COLLIN LIMITED (REGISTERED NUMBER: 08115049)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. 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.

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.

SFP Entitlements are being amortised evenly over their estimated useful life of nil years.

Single farm payment entitlements
Purchased single farm payment entitlements are being amortised over their effective useful life of 5 years on a straight line basis.

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 - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% 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.


ROBERT COLLIN LIMITED (REGISTERED NUMBER: 08115049)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


1. ACCOUNTING POLICIES - continued
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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

ROBERT COLLIN LIMITED (REGISTERED NUMBER: 08115049)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


3. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 92,786
Additions 2,899
At 30 June 2023 95,685
AMORTISATION
At 1 July 2022 77,569
Amortisation for year 6,061
At 30 June 2023 83,630
NET BOOK VALUE

At 30 June 2023 12,055
At 30 June 2022 15,217

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 1,130,862
Additions 494,174
Disposals (137,000 )
At 30 June 2023 1,488,036
DEPRECIATION
At 1 July 2022 202,552
Charge for year 40,662
Eliminated on disposal 4,906
At 30 June 2023 248,120
NET BOOK VALUE
At 30 June 2023 1,239,916
At 30 June 2022 928,310

ROBERT COLLIN LIMITED (REGISTERED NUMBER: 08115049)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. TANGIBLE FIXED ASSETS - continued

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

Totals
£   
COST
At 1 July 2022 137,000
Additions 184,000
Disposals (137,000 )
At 30 June 2023 184,000
DEPRECIATION
At 1 July 2022 38,906
Charge for year 5,694
Eliminated on disposal (17,000 )
At 30 June 2023 27,600
NET BOOK VALUE
At 30 June 2023 156,400
At 30 June 2022 98,094

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 July 2022
and 30 June 2023 1
NET BOOK VALUE
At 30 June 2023 1
At 30 June 2022 1

Unlisted investments.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
FIVE YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 348,320 155,033

ROBERT COLLIN LIMITED (REGISTERED NUMBER: 08115049)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 421,233 235,814
Hire purchase contracts 126,677 137,508
547,910 373,322