REGISTERED NUMBER: |
Collins Plant & Groundworks Limited |
Unaudited Financial Statements |
for the Year Ended 30th April 2023 |
REGISTERED NUMBER: |
Collins Plant & Groundworks Limited |
Unaudited Financial Statements |
for the Year Ended 30th April 2023 |
Collins Plant & Groundworks Limited (Registered number: SC490097) |
Contents of the Financial Statements |
for the year ended 30th April 2023 |
Page |
Company information | 1 |
Balance sheet | 2 | to | 3 |
Notes to the financial statements | 4 | to | 6 |
Collins Plant & Groundworks Limited |
Company Information |
for the year ended 30th April 2023 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
Academy House |
Shedden Park Road |
Kelso |
Roxburghshire |
TD5 7AL |
Collins Plant & Groundworks Limited (Registered number: SC490097) |
Balance Sheet |
30th April 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
Investments | 5 |
Current assets |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
7 |
Net assets |
Capital and reserves |
Called up share capital |
Retained earnings |
Collins Plant & Groundworks Limited (Registered number: SC490097) |
Balance Sheet - continued |
30th April 2023 |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps 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 Sections 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 Statement of income and retained earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Collins Plant & Groundworks Limited (Registered number: SC490097) |
Notes to the Financial Statements |
for the year ended 30th April 2023 |
1. | Statutory information |
Collins Plant & Groundworks Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of VAT. |
Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, has been fully amortised over it's estimated useful life. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Financial instruments |
The following assets and liabilities are classified as financial instruments - accruals, directors' loans, other loans and hire purchase contracts. |
Hire purchase contracts are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. |
Directors' loans (being repayable on demand), other loans and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
Financial assets that are measured at 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 Income and Retained Earnings. |
Taxation |
Taxation for the year comprises current tax. Tax is recognised in the statement of income and retained earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Provisions |
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis. |
Collins Plant & Groundworks Limited (Registered number: SC490097) |
Notes to the Financial Statements - continued |
for the year ended 30th April 2023 |
2. | Accounting policies - continued |
Going concern |
The directors have considered the company's financial position for a period of 12 months from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements. |
3. | Employees and directors |
The average number of employees during the year was NIL (2022 - NIL). |
4. | Intangible fixed assets |
Goodwill |
£ |
Cost |
At 1st May 2022 |
and 30th April 2023 |
Amortisation |
At 1st May 2022 |
and 30th April 2023 |
Net book value |
At 30th April 2023 |
At 30th April 2022 |
5. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1st May 2022 |
and 30th April 2023 |
Net book value |
At 30th April 2023 |
At 30th April 2022 |
6. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Hire purchase contracts |
Taxation and social security |
Other creditors |
7. | Creditors: amounts falling due after more than one year |
2023 | 2022 |
£ | £ |
Hire purchase contracts |
Collins Plant & Groundworks Limited (Registered number: SC490097) |
Notes to the Financial Statements - continued |
for the year ended 30th April 2023 |
8. | Secured debts |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Hire purchase contracts | - | 20,136 |
Hire purchase contracts are secured against the assets to which they relate. |