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Registered Number: 07297522
England and Wales

 

 

 

COLLINS WINNING LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2022

End date: 31 December 2022
Directors Daniel James Henry Winning
Paul Collins
Registered Number 07297522
Registered Office The Brew Eagle House
163 City Road
London
EC1V 1NR
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 December 2022.
Directors
The directors who served the company throughout the year were as follows:
Daniel James Henry Winning
Paul Collins
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Paul Collins
Director

Date approved: 05 April 2024
2
 
 
Notes
 
2022
£
  2021
£
Current assets      
Debtors 3 35,601    47,801 
Cash at bank and in hand 7,690    17,555 
43,291    65,356 
Creditors: amount falling due within one year 4 (18,411)   (27,389)
Net current assets 24,880    37,967 
 
Total assets less current liabilities 24,880    37,967 
Creditors: amount falling due after more than one year 5 (34,167)   (50,000)
Provisions for liabilities 6 (785)   (785)
Net assets (10,072)   (12,818)
 

Capital and reserves
     
Called up share capital 7 2    2 
Profit and loss account (10,074)   (12,820)
Shareholder's funds (10,072)   (12,818)
 


For the year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 05 April 2024 and were signed on its behalf by:


-------------------------------
Paul Collins
Director
3
General Information
Collins Winning Limited is a private company, limited by shares, registered in England and Wales, registration number 07297522, registration address The Brew Eagle House, 163 City Road, London, EC1V 1NR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – 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.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
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:
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 4 (2021 : 4).
3.

Debtors: amounts falling due within one year

2022
£
  2021
£
Other Debtors 13,567    13,567 
Director: Daniel James Henry Winning 16,129    16,829 
Director: Paul Collins 5,905    17,405 
35,601    47,801 

4.

Creditors: amount falling due within one year

2022
£
  2021
£
Bank Loans & Overdrafts 10,000   
Corporation Tax   18,978 
PAYE & Social Security 2,662    2,662 
Accrued Expenses 3,200    3,200 
Other Creditors 2,549    2,549 
18,411    27,389 

5.

Creditors: amount falling due after more than one year

2022
£
  2021
£
Bank Loans & Overdrafts 34,167    50,000 
34,167    50,000 

6.

Provisions for liabilities

2022
£
  2021
£
Deferred Tax 785    785 
785    785 

7.

Share Capital

Allotted, called up and fully paid
2022
£
  2021
£
2 Class A shares of £1.00 each  
 

8.

Advances and Credits



D J Winning


P Collins


Current year (2022)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
WrittenOff
£
Waived
£
Carry Forward
£
D J Winning16,829 700 16,129 
P Collins17,405 11,500 5,905 
3423400122000022034
Previous year (2021)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
WrittenOff
£
Waived
£
Carry Forward
£
D J Winning20,585 3,756 16,829 
P Collins21,160 3,755 17,405 
417450075110034234
4