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REGISTERED NUMBER: 03608296 (England and Wales)









T COLEBORN AND SON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






T COLEBORN AND SON LIMITED (REGISTERED NUMBER: 03608296)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T COLEBORN AND SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr Barry Robert Thomas
Mr Luke Steere
Mr Benjamin Robert Thomas





SECRETARY: Mrs Ruth Catherine Thomas





REGISTERED OFFICE: Unit 3.2 Central Point
Kirpal Road
Portsmouth
Hampshire
PO3 6FH





REGISTERED NUMBER: 03608296 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
Havant
Hampshire
PO9 1QU

T COLEBORN AND SON LIMITED (REGISTERED NUMBER: 03608296)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 225,589 249,597
225,589 249,597

CURRENT ASSETS
Stocks 4,000 4,000
Debtors 6 297,982 254,571
Cash at bank and in hand 1,593,149 2,039,149
1,895,131 2,297,720
CREDITORS
Amounts falling due within one year 7 481,584 305,087
NET CURRENT ASSETS 1,413,547 1,992,633
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,639,136

2,242,230

PROVISIONS FOR LIABILITIES 8 16,921 16,920
NET ASSETS 1,622,215 2,225,310

CAPITAL AND RESERVES
Called up share capital 9 41 70
Capital redemption reserve 60 31
Retained earnings 1,622,114 2,225,209
SHAREHOLDERS' FUNDS 1,622,215 2,225,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

T COLEBORN AND SON LIMITED (REGISTERED NUMBER: 03608296)

BALANCE SHEET - continued
31 DECEMBER 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 11 March 2024 and were signed on its behalf by:





Mr Barry Robert Thomas - Director


T COLEBORN AND SON LIMITED (REGISTERED NUMBER: 03608296)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

T Coleborn and Son 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 the provisions of Section 1A "Small Entities" 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 cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents work undertaken in the construction industry by the company, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 5% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

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

Financial instruments
Debtors and cash at bank: Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash on deposit or in a current account.

Creditors and provisions: Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of economic benefits to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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.


T COLEBORN AND SON LIMITED (REGISTERED NUMBER: 03608296)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences at the balance sheet date, except as otherwise required in the paragraphs below.

Unrelieved 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 shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to an deferred tax asset or liability.

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.

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 23 (2022 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 150,000
AMORTISATION
At 1 January 2023
and 31 December 2023 150,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

T COLEBORN AND SON LIMITED (REGISTERED NUMBER: 03608296)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 226,071 13,355 25,166 147,716 412,308
Additions - 1,731 5,726 - 7,457
Disposals - - (4,184 ) (6,950 ) (11,134 )
At 31 December 2023 226,071 15,086 26,708 140,766 408,631
DEPRECIATION
At 1 January 2023 51,642 7,415 22,011 81,643 162,711
Charge for year 2,869 1,782 2,023 23,648 30,322
Eliminated on disposal - - (3,041 ) (6,950 ) (9,991 )
At 31 December 2023 54,511 9,197 20,993 98,341 183,042
NET BOOK VALUE
At 31 December 2023 171,560 5,889 5,715 42,425 225,589
At 31 December 2022 174,429 5,940 3,155 66,073 249,597

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 262,142 235,799
Amounts recoverable on
contracts 16,574 -
Other debtors 19,266 18,772
297,982 254,571

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 181,418 86,983
Taxation and social security 284,998 208,371
Other creditors 15,168 9,733
481,584 305,087

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 16,921 16,920

Deferred
tax
£   
Balance at 1 January 2023 16,920
Accelerated capital allowances 1
Balance at 31 December 2023 16,921

T COLEBORN AND SON LIMITED (REGISTERED NUMBER: 03608296)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
31 Ordinary £1 31 60
(2022 - 60 )
10 Preference £1 10 10
41 70

The preference shares carry no voting rights and are entitled to share in dividends voted only on the preference shares. On a winding up, the holders of the preference shares are entitled to a return of capital only.