Registered number
11126678
Coal Limited
Report and Accounts
31 December 2023
Coal Limited
Report to the directors on the preparation of the unaudited statutory accounts of Coal Limited for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Coal Limited for the year ended 31 December 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
26 February 2024
Coal Limited
Registered number: 11126678
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 8,706 12,025
Current assets
Debtors 4 - 1,870
Cash at bank and in hand 54,008 117,788
54,008 119,658
Creditors: amounts falling due within one year 5 (37,022) (19,915)
Net current assets 16,986 99,743
Net assets 25,692 111,768
Capital and reserves
Called up share capital 2 2
Profit and loss account 25,690 111,766
Shareholders' funds 25,692 111,768
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J N Reilly
Director
Approved by the board on 26 February 2024
Coal Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 33% reducing balance
Motor vehicles 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 9,183 26,683 35,866
At 31 December 2023 9,183 26,683 35,866
Depreciation
At 1 January 2023 5,425 18,416 23,841
Charge for the year 1,252 2,067 3,319
At 31 December 2023 6,677 20,483 27,160
Net book value
At 31 December 2023 2,506 6,200 8,706
At 31 December 2022 3,758 8,267 12,025
4 Debtors 2023 2022
£ £
Trade debtors - 1,870
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 23,429 17,174
Other taxes and social security costs 11,975 1,139
Other creditors 1,618 1,602
37,022 19,915
6 Other information
Coal Limited is a private company limited by shares and incorporated in England. Its registered office is:
Middle Farm
Lillington
DT9 6QX
Coal Limited 11126678 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts April 2022 J N Reilly No description of principal activity 11126678 2022-01-01 2022-12-31 11126678 core:WithinOneYear 2022-12-31 11126678 core:ShareCapital 2022-12-31 11126678 core:RetainedEarningsAccumulatedLosses 2022-12-31 11126678 2023-01-01 2023-12-31 11126678 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11126678 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11126678 bus:Director40 2023-01-01 2023-12-31 11126678 core:PlantMachinery 2023-01-01 2023-12-31 11126678 core:Vehicles 2023-01-01 2023-12-31 11126678 countries:England 2023-01-01 2023-12-31 11126678 bus:FRS102 2023-01-01 2023-12-31 11126678 bus:FullAccounts 2023-01-01 2023-12-31 11126678 2023-12-31 11126678 core:WithinOneYear 2023-12-31 11126678 core:ShareCapital 2023-12-31 11126678 core:RetainedEarningsAccumulatedLosses 2023-12-31 11126678 core:PlantMachinery 2023-12-31 11126678 core:Vehicles 2023-12-31 11126678 2022-12-31 11126678 core:PlantMachinery 2022-12-31 11126678 core:Vehicles 2022-12-31 iso4217:GBP xbrli:pure