27 NOVEMBER 2023
COLASPRO LIMITED
Registered in England & Wales No. 3833629
FILLETED FINANCIAL ACCOUNTS
FOR THE PERIOD
1 OCTOBER 2022 TO 30 SEPTEMBER 2023
ACCOUNTING POLICIES
Accounting convention
The financial statements within the annual report have been prepared on the going concern basis and are in compliance with section 1A of the financial reporting standard 102 applicable in the United Kingdom.
Non-current assets
Property, plant and equipment, excluding any property held for investment, is stated at cost except for any revaluation of land and buildings, less aggregate depreciation and any provision for impairment. With the exception of freehold land, depreciation is charged after allowance for residual value, over the remaining useful economic life by equal annual instalments. The economic life used is for acquisition as new, the deemed life for assets acquired second hand is the remainder or half of the deemed life from new, whichever is the greater.
Deferred taxation
Provision is made for at the appropriate or current tax rate in respect of any possible liability due to timing differences between recognition of events for taxation and accounting purposes. Recognition of any possible asset due to timing differences as above is only recognised to the extent that recovery is reasonably certain.
Revenue
Revenue represents income in respect of goods or services possession of which has passed to customers in the normal course of activity, and for which those customers have become liable during the period. It is stated net of any tax that is passed on to, or offset against amounts due from, taxing authorities.
Repairs and renewals
Expenditure of up to £1000 on an item, excluding items treated as part of a project over £1000, is written off in the period it is incurred even if it represented an addition or improvement.
FINANCIAL POSITION
As at 30 September 2023 2022
Notes £ £
Non-current assets
Productive property, plant and equipment 2 0 0
Current assets
Trade and other receivables 3 24 26
Cash and cash equivalents 4 6,051 5,364
6,075 5,390
Current liabilities
Due not later than one year
Trade and other payables 5 (125) (122)
Taxation 6 (183) (101)
Other financial liabilities 7 (550) (300)
5,217 4,867
Equity
Share capital 8 2,000 2,000
Distributable reserves 3,217 2,867
5,217 4,867
The company is registered in England & Wales under no. 3833629 and is subject to the Companies Act 2006 in its various sections.
The directors acknowledge their responsibilities under section 386 of the Act for the maintenance of adequate accounting records and under section 394 of the Act for the preparation of financial statements.
For the period to 30 September 2023, the date of this financial position statement, the company qualified as small under section 382 of the Act. Members have not required the company to obtain an audit of its financial statements under section 476 of the Act.
The company is entitled, as a small company, to exemption under section 477 of the Companies Act 2006 from the statutory requirement for audited financial statements.
In conformity with section 444 of the Act, the form of these accounts delivered to the registrar of companies; in accordance with the provisions applicable to companies subject to the small companies regime, may be prepared by the removal of any reports, statements of movements in equity, income and expenses, and cash flows; but this filleted form delivers, as a minimum, the statements of accounting policies, financial position and notes thereto.
Approved and authorised for issue by the board on 27 November 2023 and signed on its behalf.
R I Crampton
Director
NOTES TO THE FILLETED ACCOUNTS
2023 2022
£ £
1 Accounting Policies
The accounting policies are set out in full in a preceding statement.
2 Productive property comprises plant and equipment
Cost or valuation
Opening and closing amount 1,566 1,566
Amortisation
Opening and closing amount 1,566 1,566
Net amounts
Closing amount 0 0
3 Trade and other receivables
Prepayments 24 26
4 Cash and cash equivalents
Bank current account 6,051 5,364
5 Current trade and other payables
Trade payables (117) (112)
Accruals (8) (10)
(125) (122)
6 Current taxation
Corporation tax (183) (101)
7 Other financial liabilities due not later than one year
Deferred income (250) (300)
Due to owners (300) 0
(550) (300)
8 Share capital
The company is a private company limited by share capital
2023 2022
Number Number
Equity ordinary shares of £1000 each 1,000 1,000
Employee ordinary
Allotted, called up and fully paid 2 2 2,000 2,000
9 Ultimate control
The company is controlled by J R & Mrs N Crampton.
10 Commitments
Capital expenditure
There are no capital commitments.
11 Related party transactions
Key management personnel
Directors and their relationships
Transactions during the period
Dividends
Directors 0 300
Supply of services to the following
Cramptons J R Crampton 100% 1,800 1,900
Nicole Crampton teacher N Crampton 100% 1,250 1,900
12 Activity
The principal activity continues to be that of application service provider.
13 Employees (including directors)
2023 2022
Average during the period Number Number
3 3
ADMINISTRATION AND ADVISERS
Bankers HSBC UK Bank PLC
Accountants and registrar Cramptons
25A St Matthews Road
Torquay
TQ2 6JA
Office 25A St Matthews Road
Torquay
TQ2 6JA
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