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COMPANY REGISTRATION NUMBER: 06260297
Robin Coleman Leather Technology Ltd
Filleted Unaudited Abridged Financial Statements
30 June 2023
Robin Coleman Leather Technology Ltd
Abridged Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
4,060
4,780
Current assets
Stocks
6,851
6,318
Debtors
10,589
6,790
Cash at bank and in hand
2,658
3,148
--------
--------
20,098
16,256
Creditors: amounts falling due within one year
13,134
13,179
--------
--------
Net current assets
6,964
3,077
--------
-------
Total assets less current liabilities
11,024
7,857
Creditors: amounts falling due after more than one year
5,666
7,666
--------
-------
Net assets
5,358
191
--------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
5,258
91
-------
----
Shareholders funds
5,358
191
-------
----
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 30 June 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 abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.
Robin Coleman Leather Technology Ltd
Abridged Statement of Financial Position (continued)
30 June 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 15 February 2024 , and are signed on behalf of the board by:
Mr R Coleman
Director
Company registration number: 06260297
Robin Coleman Leather Technology Ltd
Notes to the Abridged Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Chase Lane, Kenilworth, CV8 1PR.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and Machinery
-
15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).
5. Tangible assets
£
Cost
At 1 July 2022 and 30 June 2023
12,364
--------
Depreciation
At 1 July 2022
7,584
Charge for the year
720
--------
At 30 June 2023
8,304
--------
Carrying amount
At 30 June 2023
4,060
--------
At 30 June 2022
4,780
--------
6. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr R Coleman
2,449
2,449
----
-------
-------
2022
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr R Coleman
----
----
----
7. Related party transactions
The company was under the control of Mr R Coleman throughout the current and previous year. Mr R Coleman is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.