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REGISTERED NUMBER: 12060795 (England and Wales)














COLE MAINTENANCE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






COLE MAINTENANCE LTD (REGISTERED NUMBER: 12060795)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


COLE MAINTENANCE LTD

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTOR: D C Colella





REGISTERED OFFICE: 5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 12060795 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

COLE MAINTENANCE LTD (REGISTERED NUMBER: 12060795)

STATEMENT OF FINANCIAL POSITION
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 9,560 3,460

CURRENT ASSETS
Debtors 6 19,543 7,705
Cash at bank 14,140 5,926
33,683 13,631
CREDITORS
Amounts falling due within one year 7 21,761 15,254
NET CURRENT ASSETS/(LIABILITIES) 11,922 (1,623 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,482

1,837

CREDITORS
Amounts falling due after more than one
year

8

(10,000

)

(12,727

)

PROVISIONS FOR LIABILITIES (1,816 ) -
NET ASSETS/(LIABILITIES) 9,666 (10,890 )

CAPITAL AND RESERVES
Called up, paid and allotted share capital 100 100
Retained earnings 9,566 (10,990 )
SHAREHOLDERS' FUNDS 9,666 (10,890 )

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 director acknowledges his 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.

COLE MAINTENANCE LTD (REGISTERED NUMBER: 12060795)

STATEMENT OF FINANCIAL POSITION - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 January 2024 and were signed by:





D C Colella - Director


COLE MAINTENANCE LTD (REGISTERED NUMBER: 12060795)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Cole Maintenance 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

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

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 3 ) .

COLE MAINTENANCE LTD (REGISTERED NUMBER: 12060795)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2022 1,018 5,274 6,292
Additions - 12,100 12,100
Disposals - (5,000 ) (5,000 )
At 30 June 2023 1,018 12,374 13,392
DEPRECIATION
At 1 July 2022 492 2,340 2,832
Charge for year 132 3,056 3,188
Eliminated on disposal - (2,188 ) (2,188 )
At 30 June 2023 624 3,208 3,832
NET BOOK VALUE
At 30 June 2023 394 9,166 9,560
At 30 June 2022 526 2,934 3,460

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 58 -
Other debtors 19,485 7,705
19,543 7,705

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,727 2,273
Trade creditors - 2,825
Taxation and social security 12,021 911
Other creditors 7,013 9,245
21,761 15,254

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 10,000 12,727

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 1,818

COLE MAINTENANCE LTD (REGISTERED NUMBER: 12060795)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

9. RELATED PARTY DISCLOSURES

The director operates a loan account with the company. During the year, loans in aggregate of £3,687 were provided by the director. At the year end, the company owed the director £336.