1 April 2022 false Taxfiler 2023.10.1 06338330business:PrivateLimitedCompanyLtd2022-04-012023-03-31 063383302022-03-31 063383302022-04-012023-03-31 06338330business:AuditExemptWithAccountantsReport2022-04-012023-03-31 06338330business:FilletedAccounts2022-04-012023-03-31 063383302023-03-31 06338330business:Director12022-04-012023-03-31 06338330business:Director22022-04-012023-03-31 06338330business:Director32022-04-012023-03-31 06338330business:CompanySecretary12022-04-012023-03-31 06338330business:RegisteredOffice2022-04-012023-03-31 063383302022-03-31 06338330core:WithinOneYear2023-03-31 06338330core:WithinOneYear2022-03-31 06338330core:AfterOneYear2023-03-31 06338330core:AfterOneYear2022-03-31 06338330core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 06338330core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 06338330core:SharePremiumcore:PreviouslyStatedAmount2023-03-31 06338330core:SharePremiumcore:PreviouslyStatedAmount2022-03-31 06338330core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 06338330core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 06338330core:PreviouslyStatedAmount2023-03-31 06338330core:PreviouslyStatedAmount2022-03-31 06338330business:SmallEntities2022-04-012023-03-31 06338330countries:EnglandWales2022-04-012023-03-31 06338330core:FurnitureFittings2022-04-012023-03-31 06338330core:ComputerEquipment2022-04-012023-03-31 06338330core:IntangibleAssetsOtherThanGoodwill2022-03-31 06338330core:IntangibleAssetsOtherThanGoodwill2023-03-31 06338330core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31 06338330core:FurnitureFittings2022-03-31 06338330core:ComputerEquipment2022-03-31 06338330core:FurnitureFittings2023-03-31 06338330core:ComputerEquipment2023-03-31 063383302021-04-012022-03-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
Colvill Banks Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
4,889 
6,519 
Tangible assets
13,897 
9,686 
18,786 
16,205 
Current assets
Debtors
1,138,830 
364,437 
Cash at bank and in hand
502,433 
424,728 
1,641,263 
789,165 
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)
(3,247)
(38,191)
Net assets
1,219,880 
320,383 
- 4 -
Colvill Banks Limited Statement of financial position as at 31 March 2023 (continued)
Capital and reserves
Called up share capital
5,100 
5,100 
Share premium
4,900 
4,900 
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
- 5 -
Colvill Banks Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Deferred taxation
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation rate is 25% on written down value.
- 6 -
Colvill Banks Limited Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2022
135,287 
At 31 March 2023
135,287 
Amortisation
At 1 April 2022
128,768 
Charge for the year
1,630 
At 31 March 2023
130,398 
Net book value
At 31 March 2023
4,889 
At 31 March 2022
6,519 
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 
Additions
516 
8,327 
8,843 
At 31 March 2023
10,346 
42,102 
52,448 
Depreciation
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 
Net book value
At 31 March 2023
2,511 
11,386 
13,897 
At 31 March 2022
2,832 
6,854 
9,686 
6
Debtors
2023 
2022 
£ 
£ 
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 
1,138,830 
364,437 
- 7 -
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 
- 
VAT
31,139 
20,957 
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 
Other creditors
- 
1,670 
Accruals
3,500 
13,145 
436,922 
402,629 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
44,167 
9
Average number of employees
During the year the average number of employees was 11 (2022: 11).
- 8 -