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Registration number: 14373200

Colmark Interiors Limited

Annual Report and Unaudited Abridged Financial Statements

for the Period from 23 September 2022 to 30 September 2023

 

Colmark Interiors Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Abridged Balance Sheet

4

Notes to the Unaudited Abridged Financial Statements

5 to 7

 

Colmark Interiors Limited

Company Information

Directors

Mrs Julie Gritton

Mrs Elizabeth Grant

Mr Colin Gritton

Mr Mark Grant

Registered office

Ravendale
Golf Road
Mablethorpe
LN12 1EP

Accountants

SDN Accountancy Limited
52 Park Road
Askern
Doncaster
DN6 0BA

 

Colmark Interiors Limited

Directors' Report for the Period from 23 September 2022 to 30 September 2023

The directors present their report and the abridged financial statements for the period from 23 September 2022 to 30 September 2023.

Incorporation

The company was incorporated and commenced trading on 23 September 2022.

Directors of the company

The directors who held office during the period were as follows:

Mrs Julie Gritton (appointed 23 September 2022)

Mrs Elizabeth Grant (appointed 23 September 2022)

Mr Colin Gritton (appointed 23 September 2022)

Mr Mark Grant (appointed 23 September 2022)

Principal activity

The principal activity of the company is Joinery

Small companies provision statement

This report has 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 Board on 17 October 2023 and signed on its behalf by:
 

.........................................
Mrs Julie Gritton
Director

 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Colmark Interiors Limited
for the Period Ended 30 September 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Colmark Interiors Limited for the period ended 30 September 2023 as set out on pages 4 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Accounting Technicians we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of Colmark Interiors Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Colmark Interiors Limited and state those matters that we have agreed to state to the Board of Directors of Colmark Interiors Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Colmark Interiors Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Colmark Interiors Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Colmark Interiors Limited. You consider that Colmark Interiors Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Colmark Interiors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

SDN Accountancy Limited
52 Park Road
Askern
Doncaster
DN6 0BA

17 October 2023

 

Colmark Interiors Limited

(Registration number: 14373200)
Abridged Balance Sheet as at 30 September 2023

Note

2023
£

Current assets

 

Stocks

4

1,750

Debtors

1,093

Cash at bank and in hand

 

2,082

 

4,925

Creditors: Amounts falling due within one year

(4,733)

Total assets less current liabilities

 

192

Accruals and deferred income

 

(280)

Net liabilities

 

(88)

Capital and reserves

 

Called up share capital

5

100

Retained earnings

(188)

Shareholders' deficit

 

(88)

For the financial period ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 17 October 2023 and signed on its behalf by:
 

.........................................
Mrs Julie Gritton
Director

 

Colmark Interiors Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 23 September 2022 to 30 September 2023

1

General information

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

The address of its registered office is:
Ravendale
Golf Road
Mablethorpe
LN12 1EP

These financial statements were authorised for issue by the Board on 17 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 abridged 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 abridged 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Colmark Interiors Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 23 September 2022 to 30 September 2023

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

4

Stocks

2023
£

Other inventories

1,750

 

Colmark Interiors Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 23 September 2022 to 30 September 2023

5

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary Shares of £1 each

100

100