2022-03-01 NI676517 2023-02-28 NI676517 2022-03-01 2023-02-28 NI676517 2022-02-28 NI676517 2021-03-01 2022-02-28 NI676517 uk-core:WithinOneYear 2022-02-28 NI676517 uk-core:WithinOneYear 2023-02-28 NI676517 uk-core:ShareCapital 2023-02-28 NI676517 uk-core:ShareCapital 2022-02-28 NI676517 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 NI676517 uk-core:RetainedEarningsAccumulatedLosses 2022-02-28 NI676517 uk-bus:Director1 2022-03-01 2023-02-28 NI676517 uk-bus:Director2 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure NI676517 uk-bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 NI676517 uk-bus:FRS102 2022-03-01 2023-02-28 NI676517 uk-bus:FullAccounts 2022-03-01 2023-02-28 NI676517 uk-bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28
Colfab Ltd
Registered Number:NI676517
For the year ended 28 February 2023
Northern Ireland
Unaudited Financial Statements
2
For the year ended 28 February 2023
Colfab Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
NI676517
As at 28 February 2023
Colfab Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Current assets
Inventories
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
Capital and reserves
Called up share capital
22
2
Retained earnings
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
Mrs Nadia Lees 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
1 of 3
4
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.
Registered address:
27 Sandy Grove
Magherafelt
Derry
BT45 6PU
The presentation currency is £ sterling.
1. Accounting policies
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.
2. Inventories
2022
2023
£
£
Stocks
70,375
117,539
3. Trade and other receivables
2022
2023
£
£
Trade debtors
62,382
90,605
Other debtors
54,107
98,698
189,303
116,489
2 of 3
5
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
£
£
Trade creditors
19,631
162,343
Taxation and social security
44,525
40,852
Other creditors
148,022
56,810
212,178
260,005
5. Average number of persons employed
During the year the average number of employees was 0
3 of 3