David Coles Personnel Ltd. |
Registered Number:06989689 |
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 October 2023
David Coles Personnel Ltd.
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
David Coles Personnel Ltd.
Statement of Financial Position
2022
2023
Property, plant and equipment |
328,572
398,740
2
328,572
398,740
Trade and other receivables |
565,069
338,738
3
3,480
Cash and cash equivalents |
12,194
350,932
568,549
Trade and other payables: amounts falling due within one |
year |
(492,769)
(402,634)
4
75,780
(51,702)
Net current liabilities
Total assets less current liabilities |
276,870
474,520
Trade and other payables: amounts falling due after more |
than one year |
(110,012)
(38,182)
5
238,688
Net assets
364,508
100
100
238,588
364,408
238,688
364,508
Shareholders' funds
For the year ended 31 October 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 of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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 Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 28 March 2024 and were signed by: |
The notes form part of these financial statements |
1 of 4
For the year ended 31 October 2023
David Coles Personnel Ltd.
Notes to the Financial Statements
Statutory Information
David Coles Personnel Ltd. is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 06989689. |
Principal place of business: |
54 Poplar Road
North Common
Bristol
BS30 5JU
33 Hopps Road
Kingswood
Bristol
BS15 9QQ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 10 years. |
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Motor vehicles
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding. |
2 of 4
For the year ended 31 October 2023
David Coles Personnel Ltd.
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
1,197,537
1,185,798
11,739
39,275
39,000
275
12,014
1,224,798
1,236,812
Provision for depreciation and impairment |
798,797
788,415
10,382
Charge for year
109,443
109,096
347
908,240
897,511
10,729
1,285
327,287
328,572
1,357
397,383
398,740
3. Trade and other receivables |
2022
2023
290,353
519,788
48,385
45,281
565,069
338,738
4. Trade and other payables: amounts falling due within one year |
2022
2023
Bank loans and overdraft (secured) |
64,780
62,640
-
10,696
271,512
332,634
Taxation and social security |
26,925
61,312
39,417
25,487
402,634
492,769
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
Bank loans and overdraft (secured) |
38,182
110,012
3 of 4
For the year ended 31 October 2023
David Coles Personnel Ltd.
Notes to the Financial Statements Continued
6. Average number of persons employed |
During the year the average number of employees was 13 (2022 : 13)
4 of 4