Company Registration No. 06338330 (England and Wales)
Colvill Banks Limited
Unaudited accounts
for the year ended 31 March 2023
Colvill Banks Limited
Unaudited accounts
Contents
Colvill Banks Limited
Company Information
for the year ended 31 March 2023
Directors
Mr Mark Swain
Mr Prems Srampical
Mrs Swyta Bahuguna
Secretary
Power Secretaries Ltd
Company Number
06338330 (England and Wales)
Registered Office
Hollythorns House The Hollythorns
Swanmore
Southampton
Hampshire
SO32 2NW
ENGLAND
Accountants
Power Accountax Limited
Mailbox 3, Solent Business Centre
343 Millbrook Road West
Southampton
SO15 0HW
Colvill Banks Limited
Statement of financial position
as at 31 March 2023
Intangible assets
4,889
6,519
Tangible assets
13,897
9,686
Cash at bank and in hand
502,433
424,728
Creditors: amounts falling due within one year
(436,922)
(402,629)
Net current assets
1,204,341
386,536
Total assets less current liabilities
1,223,127
402,741
Creditors: amounts falling due after more than one year
-
(44,167)
Provisions for liabilities
Deferred tax
(3,247)
(2,686)
Other provisions
-
(35,505)
Net assets
1,219,880
320,383
Colvill Banks Limited
Statement of financial position
as at 31 March 2023 (continued)
Called up share capital
5,100
5,100
Profit and loss account
1,209,880
310,383
Shareholders' funds
1,219,880
320,383
For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by
Mr Mark Swain
Director
Company Registration No. 06338330
Colvill Banks Limited
Notes to the Accounts
for the year ended 31 March 2023
Colvill Banks Limited is a private company, limited by shares, registered in England and Wales, registration number 06338330. The registered office is Hollythorns House The Hollythorns, Swanmore, Southampton, Hampshire, SO32 2NW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on Written Down Value
Computer equipment
25% on Written Down Value
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation rate is 25% on written down value.
Colvill Banks Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Intangible fixed assets
Other
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
9,830
33,775
43,605
At 31 March 2023
10,346
42,102
52,448
At 1 April 2022
6,998
26,921
33,919
Charge for the year
837
3,795
4,632
At 31 March 2023
7,835
30,716
38,551
At 31 March 2023
2,511
11,386
13,897
At 31 March 2022
2,832
6,854
9,686
Amounts falling due within one year
Trade debtors
1,056,781
244,384
Amounts due from group undertakings etc.
66,628
-
Accrued income and prepayments
-
104,632
Other debtors
15,421
15,421
Colvill Banks Limited
Notes to the Accounts
for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
33,867
-
Trade creditors
3,673
18,579
Amounts owed to group undertakings and other participating interests
178,798
296,659
Taxes and social security
185,945
51,619
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 11 (2022: 11).