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REGISTERED NUMBER: 08856237 (England and Wales)















Financial Statements for the Year Ended 31 January 2023

for

Collings Electrical Ltd

Collings Electrical Ltd (Registered number: 08856237)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Collings Electrical Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mr J G Collings
Miss C Phillips





REGISTERED OFFICE: 2 Adelaide Street
St Albans
Hertfordshire
AL3 5BH





REGISTERED NUMBER: 08856237 (England and Wales)





ACCOUNTANTS: Visionary Accountants
2 Adelaide Street
St Albans
Hertfordshire
AL3 5BH

Collings Electrical Ltd (Registered number: 08856237)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,504 6,689

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 5 14,936 13,877
Cash at bank and in hand 27,722 1,564
44,658 17,441
CREDITORS
Amounts falling due within one year 6 50,420 51,568
NET CURRENT LIABILITIES (5,762 ) (34,127 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,742

(27,438

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,642 (27,538 )
SHAREHOLDERS' FUNDS 1,742 (27,438 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

Collings Electrical Ltd (Registered number: 08856237)

Balance Sheet - continued
31 January 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:





Mr J G Collings - Director


Collings Electrical Ltd (Registered number: 08856237)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Collings Electrical Ltd 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.
Plant and machinery etc - 33% on cost and 25% on cost

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Collings Electrical Ltd (Registered number: 08856237)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 14,453
Additions 2,963
At 31 January 2023 17,416
DEPRECIATION
At 1 February 2022 7,764
Charge for year 2,148
At 31 January 2023 9,912
NET BOOK VALUE
At 31 January 2023 7,504
At 31 January 2022 6,689

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 11,358 2,335
Other debtors 3,578 11,542
14,936 13,877

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 5,954 1,284
Taxation and social security 3,276 1,382
Other creditors 41,190 48,902
50,420 51,568

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £13,199 were paid to the directors .

At the balance sheet date the company owed the director £40,091 (2022: £47,610). This loan is unsecured, interest free and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J G Collings.