Registered Number:NI676517 |
For the year ended 28 February 2023
Northern Ireland
Unaudited Financial Statements
For the year ended 28 February 2023
Colfab Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Colfab Ltd
Statement of Financial Position
2022
2023
117,539
70,375
2
Trade and other receivables |
189,303
116,489
3
159,552
Cash and cash equivalents |
154,321
341,185
466,394
Trade and other payables: amounts falling due within one |
year |
(260,005)
(212,178)
4
206,389
129,007
Net current assets
Total assets less current liabilities |
129,007
206,389
(9,167)
(36,384)
Provisions for liabilities |
119,840
Net assets
170,005
22
2
119,818
170,003
119,840
170,005
Shareholders' funds
For the year ended 28 February 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
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 proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Glenn Dunwoody Director |
These financial statements were approved and authorised for issue by the Board on 25 October 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 28 February 2023
Colfab Ltd
Notes to the Financial Statements
Statutory Information
Colfab Ltd is a private limited company, limited by shares, domiciled in Northern Ireland, registration number |
NI676517. |
27 Sandy Grove
Magherafelt
Derry
BT45 6PU
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
2022
2023
70,375
117,539
3. Trade and other receivables |
2022
2023
62,382
90,605
54,107
98,698
189,303
116,489
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For the year ended 28 February 2023
Colfab Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year |
2022
2023
19,631
162,343
Taxation and social security |
44,525
40,852
148,022
56,810
212,178
260,005
5. Average number of persons employed |
During the year the average number of employees was 0
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