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Registered Number: 10499632
England and Wales

 

 

 

COALESCE WORKS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
  2023   2022
    £ £   £ £
Fixed assets   51,438     
Current assets 240,026      103,423   
Creditors: amount falling due within one year (48,678)     (47,272)  
Net current assets   191,348      56,151 
Total assets less current liabilities   242,786      56,151 
Creditors: amount falling due after more than one year   (35,630)    
Net assets   207,156      56,151 
 

         
Capital and reserves   207,156      56,151 
 
NOTES TO THE ACCOUNTS

General Information
Coalesce Works Limited is a private company, limited by shares, registered in England and Wales, registration number 10499632, registration address 20 Marjoram Way, Didcot, Oxfordshire, OX11 6HJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
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 18 Reducing Balance
Motor Vehicles 18 Reducing Balance
2.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 April 2022    
Additions 832    50,900    51,732 
Disposals    
At 31 March 2023 832    50,900    51,732 
Depreciation
At 01 April 2022    
Charge for year 18    276    294 
On disposals    
At 31 March 2023 18    276    294 
Net book values
Closing balance as at 31 March 2023 814    50,624    51,438 
Opening balance as at 01 April 2022    


3.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).

4.

Ultimate Control

Mr Sandeep Kotha is the director and shareholder with the ultimate control in the company.

For the year ended 31 March 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 accounts for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 26 December 2023 and were signed on its behalf by:


--------------------------------
Sandeep Kotha
Director
1