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REGISTERED NUMBER: 10636567 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

COLIN GARNETT BUILDING LIMITED

COLIN GARNETT BUILDING LIMITED (REGISTERED NUMBER: 10636567)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


COLIN GARNETT BUILDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mr C L Garnett
Mrs L Garnett



REGISTERED OFFICE: 42 Sail Street
Ulverston
Cumbria
LA12 9FJ



REGISTERED NUMBER: 10636567 (England and Wales)



BANKERS: National Westminster Bank plc
Windermere
Bolton Customer Service Centre
Bolton
BL6 4YU

COLIN GARNETT BUILDING LIMITED (REGISTERED NUMBER: 10636567)

ABRIDGED BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,000 29,707

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 28,661 32,298
29,661 33,298
CREDITORS
Amounts falling due within one year 44,901 56,040
NET CURRENT LIABILITIES (15,240 ) (22,742 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,760

6,965

CREDITORS
Amounts falling due after more than one
year

4,623

6,610
NET ASSETS 137 355

CAPITAL AND RESERVES
Called up share capital 5 2 2
Retained earnings 135 353
SHAREHOLDERS' FUNDS 137 355

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

COLIN GARNETT BUILDING LIMITED (REGISTERED NUMBER: 10636567)

ABRIDGED BALANCE SHEET - continued
28 FEBRUARY 2023


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 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:





Mr C L Garnett - Director


COLIN GARNETT BUILDING LIMITED (REGISTERED NUMBER: 10636567)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Colin Garnett Building 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on the going concern basis the director having agreed to continue to support the company.

Turnover
Turnover represents net invoiced sales of services, excluding VAT.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 58,696
Additions 1,289
At 28 February 2023 59,985
DEPRECIATION
At 1 March 2022 28,989
Charge for year 10,996
At 28 February 2023 39,985
NET BOOK VALUE
At 28 February 2023 20,000
At 28 February 2022 29,707

COLIN GARNETT BUILDING LIMITED (REGISTERED NUMBER: 10636567)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS - continued

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

Totals
£   
COST
At 1 March 2022
and 28 February 2023 9,750
DEPRECIATION
At 1 March 2022 3,900
Charge for year 1,950
At 28 February 2023 5,850
NET BOOK VALUE
At 28 February 2023 3,900
At 28 February 2022 5,850

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
2 Ordinary £1 2 2

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
Mr C L Garnett
Balance outstanding at start of year 30,136 36,931
Amounts advanced 21,545 30,136
Amounts repaid (30,136 ) (36,931 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,545 30,136

During the financial year the director was charged £512 (2022: £671) interest on the loan which is unsecured and repayable on demand.

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr and Mrs C L Garnett.