Coleman Engineering Services Limited 09897502 true 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is the provision of engineering services in the field of demolition, earthworks and specialist cutting services. Digita Accounts Production Advanced 6.30.9574.0 true Mr M A Coleman Ms L Morris false true 09897502 2022-05-01 2023-04-30 09897502 2023-04-30 09897502 bus:OrdinaryShareClass1 2023-04-30 09897502 core:RetainedEarningsAccumulatedLosses 2023-04-30 09897502 core:ShareCapital 2023-04-30 09897502 core:CurrentFinancialInstruments 2023-04-30 09897502 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 09897502 bus:FRS102 2022-05-01 2023-04-30 09897502 bus:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 09897502 bus:FullAccounts 2022-05-01 2023-04-30 09897502 bus:RegisteredOffice 2022-05-01 2023-04-30 09897502 bus:CompanySecretary1 2022-05-01 2023-04-30 09897502 bus:Director2 2022-05-01 2023-04-30 09897502 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 09897502 bus:EntityNoLongerTradingButTradedInPast 2022-05-01 2023-04-30 09897502 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 09897502 1 2022-05-01 2023-04-30 09897502 countries:AllCountries 2022-05-01 2023-04-30 09897502 2022-04-30 09897502 bus:OrdinaryShareClass1 2022-04-30 09897502 core:RetainedEarningsAccumulatedLosses 2022-04-30 09897502 core:ShareCapital 2022-04-30 09897502 core:CurrentFinancialInstruments 2022-04-30 09897502 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09897502

Coleman Engineering Services Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2023

 

Coleman Engineering Services Limited

Profit and Loss Account for the Year Ended 30 April 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Coleman Engineering Services Limited

(Registration number: 09897502)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Current assets

 

Debtors

3

20,392

20,392

Creditors: Amounts falling due within one year

4

(101,803)

(101,803)

Net liabilities

 

(81,411)

(81,411)

Capital and reserves

 

Called up share capital

5

1

1

Retained earnings

(81,412)

(81,412)

Shareholders' deficit

 

(81,411)

(81,411)

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 24 October 2023
 

.........................................
Mr M A Coleman
Director

 

Coleman Engineering Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Shady Lane
Great Barr
Birmingham
B44 9ER

These financial statements were authorised for issue by the director on 24 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in Sterling which is the functional currency of the company and are rounded to the nearest £1.

Summary of disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”:
- The requirements of Section 4 Statement of Financial Position paragraph 4.12(a)(iv);
- The requirements of Section 11 Financial Instruments paragraphs 11.41(b), 11.41(c), 11.41(e), 11.41(f), 11.42, 11.44 to 11.45, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
- The requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A; and
- The requirements of Section 33 Related Party Disclosures paragraph 33.7.
.

 

Coleman Engineering Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Going concern

After making enquiries and preparing integrated group consolidated profit and loss and cash flow forecasts for one year from the date the financial statements are signed, the directors have formed a judgement that, as at the date of approving the financial statements, there is a reasonable expectation that the group and the company have adequate resources to continue in existence for the foreseeable future.

The Directors acknowledge that the company is reliant on ongoing financial and operational support from CNC Group Holdings Limited and Coleman & Company Limited.

Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Judgements

Estimates and judgement are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical Accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

Long term contracts

Income is recognised based on costs incurred to date, as a percentage of the total expected costs of the contract, which is deemed close to the stage of completion of the project.

Impairment of debtors

The company makes an estimate of the recoverable value of trade debtors and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor. the ageing profile of debtors and historical experience.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Coleman Engineering Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade debtors and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including trade debtors are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.
Financial assets measured at amortised cost, the impairment loss is measured as the difference between an assets carrying amount and the present value of estimated cash flows.

 

3

Debtors

Current

2023
£

2022
£

Trade debtors

20,422

20,422

Gross amount due from customers for contract work

(30)

(30)

 

20,392

20,392

 

Coleman Engineering Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

4

Creditors

Note

2023
£

2022
£

Due within one year

 

Amounts due to related parties

34,875

34,875

Other payables

 

17,019

17,019

Accruals

 

49,909

49,909

 

101,803

101,803

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

         

6

Parent and ultimate parent undertaking

The company's immediate parent is CNC Group Holdings Limited, incorporated in England & Wales.

 The most senior parent entity producing publicly available financial statements is CNC Group Holdings Limited. These financial statements are available upon request from Companies House, Crown Way, Cardiff, CF14 3UZ.

 The ultimate controlling party is M A Coleman.