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REGISTERED NUMBER: 04272808 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

COLLFIN LIMITED

COLLFIN LIMITED (REGISTERED NUMBER: 04272808)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COLLFIN LIMITED

Company Information
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: K P FINN
M J COLLINS





REGISTERED OFFICE: 78 MILL LANE
LONDON
NW6 1 JZ





REGISTERED NUMBER: 04272808 (England and Wales)





ACCOUNTANTS: ALAN HEYWOOD & COMPANY LLP.
CHARTERED ACCOUNTANTS
& BUSINESS ADVISORS
35 Ballards Lane
LONDON
N3 1XW

COLLFIN LIMITED (REGISTERED NUMBER: 04272808)

Balance Sheet
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,882 40,572

CURRENT ASSETS
Stocks 5 96,000 55,000
Debtors 6 172,217 321,840
Cash at bank 40,812 71,522
309,029 448,362
CREDITORS
Amounts falling due within one year 7 135,952 239,822
NET CURRENT ASSETS 173,077 208,540
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,959

249,112

CREDITORS
Amounts falling due after more than one
year

8

43,793

60,623
NET ASSETS 173,166 188,489

CAPITAL AND RESERVES
Called up share capital 228 228
Retained earnings 172,938 188,261
SHAREHOLDERS' FUNDS 173,166 188,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

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.

COLLFIN LIMITED (REGISTERED NUMBER: 04272808)

Balance Sheet - continued
30 JUNE 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2024 and were signed on its behalf by:




K P FINN - Director



M J COLLINS - Director


COLLFIN LIMITED (REGISTERED NUMBER: 04272808)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

COLLFIN LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 11 ) .

COLLFIN LIMITED (REGISTERED NUMBER: 04272808)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2022 32,462 76,543 109,005
Additions 1,150 16,787 17,937
At 30 June 2023 33,612 93,330 126,942
DEPRECIATION
At 1 July 2022 29,888 38,545 68,433
Charge for year 931 13,696 14,627
At 30 June 2023 30,819 52,241 83,060
NET BOOK VALUE
At 30 June 2023 2,793 41,089 43,882
At 30 June 2022 2,574 37,998 40,572

5. STOCKS
30.6.23 30.6.22
£    £   
Work in progress 96,000 55,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 165,919 310,200
Directors' current accounts 4,528 9,840
Prepayments and accrued income 1,770 1,800
172,217 321,840

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 64,876 68,005
Social security and other taxes 62,576 104,067
Accrued expenses 8,500 67,750
135,952 239,822

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 12,226 19,321
Other creditors 31,567 41,302
43,793 60,623