IRIS Accounts Production v23.3.0.418 06200896 Board of Directors 6.4.22 5.4.23 5.4.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh062008962022-04-05062008962023-04-05062008962022-04-062023-04-05062008962021-04-05062008962021-04-062022-04-05062008962022-04-0506200896ns10:Originalns15:EnglandWales2022-04-062023-04-0506200896ns14:PoundSterlingns10:Original2022-04-062023-04-0506200896ns10:Originalns10:Director12022-04-062023-04-0506200896ns10:Original2022-04-062023-04-0506200896ns10:Original2023-04-0506200896ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-062023-04-0506200896ns10:Originalns10:SmallEntities2022-04-062023-04-0506200896ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-062023-04-0506200896ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-062023-04-0506200896ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-062023-04-0506200896ns10:Originalns10:FullAccounts2022-04-062023-04-0506200896ns10:Originalns10:OrdinaryShareClass12022-04-062023-04-0506200896ns10:Originalns10:Director22022-04-062023-04-0506200896ns10:Originalns10:Director32022-04-062023-04-0506200896ns10:Originalns10:Director42022-04-062023-04-0506200896ns10:Originalns10:RegisteredOffice2022-04-062023-04-0506200896ns10:Original2022-04-0506200896ns10:Originalns5:CurrentFinancialInstruments2023-04-0506200896ns10:Originalns5:CurrentFinancialInstruments2022-04-0506200896ns5:ShareCapitalns10:Original2023-04-0506200896ns5:ShareCapitalns10:Original2022-04-0506200896ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-0506200896ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-0506200896ns10:Originalns5:PlantMachinery2022-04-062023-04-0506200896ns10:Original2021-04-062022-04-0506200896ns10:Originalns5:PlantMachinery2022-04-0506200896ns10:Originalns5:PlantMachinery2023-04-0506200896ns10:Originalns5:PlantMachinery2022-04-0506200896ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-0506200896ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-0506200896ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2023-04-0506200896ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2022-04-0506200896ns10:Originalns5:DeferredTaxation2022-04-0506200896ns10:Originalns5:DeferredTaxation2022-04-062023-04-0506200896ns10:Originalns5:DeferredTaxation2023-04-0506200896ns10:Originalns10:OrdinaryShareClass12023-04-0506200896ns10:Originalns10:Director222022-04-0506200896ns10:Originalns10:Director222021-04-0506200896ns10:Originalns10:Director222022-04-062023-04-0506200896ns10:Originalns10:Director222021-04-062022-04-0506200896ns10:Originalns10:Director222023-04-0506200896ns10:Originalns10:Director222022-04-0506200896ns10:Originalns10:Director442022-04-0506200896ns10:Originalns10:Director442021-04-0506200896ns10:Originalns10:Director442022-04-062023-04-0506200896ns10:Originalns10:Director442021-04-062022-04-0506200896ns10:Originalns10:Director442023-04-0506200896ns10:Originalns10:Director442022-04-05
REGISTERED NUMBER: 06200896 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2023

for

Colne Contracts Limited

Colne Contracts Limited (Registered number: 06200896)






Contents of the Financial Statements
for the Year Ended 5 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Colne Contracts Limited

Company Information
for the Year Ended 5 April 2023







DIRECTORS: S L Fuller
A N Purdy
T U Walther
Mrs C Walther





REGISTERED OFFICE: 9 Byford Court
Crockatt Road
Hadleigh
Ipswich
Suffolk
IP7 6RD





REGISTERED NUMBER: 06200896 (England and Wales)





ACCOUNTANTS: Suffolk Tax Accountants Group
9 Byford Court
Crockatt Road
Hadleigh
Suffolk
IP7 6RD

Colne Contracts Limited (Registered number: 06200896)

Balance Sheet
5 April 2023

5.4.23 5.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,200 92,468

CURRENT ASSETS
Stocks 500 500
Debtors 5 120,672 175,595
Cash at bank 642,940 509,984
764,112 686,079
CREDITORS
Amounts falling due within one year 6 92,771 109,086
NET CURRENT ASSETS 671,341 576,993
TOTAL ASSETS LESS CURRENT LIABILITIES 746,541 669,461

PROVISIONS FOR LIABILITIES 7 13,954 17,102
NET ASSETS 732,587 652,359

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 731,587 651,359
SHAREHOLDERS' FUNDS 732,587 652,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

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 12 October 2023 and were signed on its behalf by:





Mrs C Walther - Director


Colne Contracts Limited (Registered number: 06200896)

Notes to the Financial Statements
for the Year Ended 5 April 2023

1. STATUTORY INFORMATION

Colne Contracts 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.

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 represents the sales of goods and services, is recognised on dispatch of the goods or provision of the service and excludes value added tax. Unbilled turnover on the provision of individual client construction contracts is included as accrued income within debtors. Where individual on account billings exceed revenue recognised on client contracts, the excess is classified as deferred income within creditors.

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 - 25% on reducing balance and 15% 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.

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 7 (2022 - 7 ) .

Colne Contracts Limited (Registered number: 06200896)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2022 217,725
Additions 4,704
At 5 April 2023 222,429
DEPRECIATION
At 6 April 2022 125,257
Charge for year 21,972
At 5 April 2023 147,229
NET BOOK VALUE
At 5 April 2023 75,200
At 5 April 2022 92,468

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Trade debtors 73,440 142,637
Other debtors 47,232 32,958
120,672 175,595

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Trade creditors 41,833 72,675
Taxation and social security 48,538 34,044
Other creditors 2,400 2,367
92,771 109,086

7. PROVISIONS FOR LIABILITIES
5.4.23 5.4.22
£    £   
Deferred tax
Accelerated capital allowances 13,954 17,102

Deferred
tax
£   
Balance at 6 April 2022 17,102
Provided during year (3,148 )
Balance at 5 April 2023 13,954

Colne Contracts Limited (Registered number: 06200896)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 5.4.23 5.4.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 5 April 2023 and 5 April 2022:

5.4.23 5.4.22
£    £   
S L Fuller
Balance outstanding at start of year 11 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,700 11

T U Walther
Balance outstanding at start of year - -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,000 -

Outstanding balances repaid within 9 months of the period.