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Company Registration No. 7970714 (England and Wales)
C M Coleman Ltd Unaudited accounts for the year ended 31 March 2024
C M Coleman Ltd Unaudited accounts Contents
Page
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C M Coleman Ltd Company Information for the year ended 31 March 2024
Director
C M Coleman
Company Number
7970714 (England and Wales)
Registered Office
Moreton House 31 High Street Buckingham Buckinghamshire MK18 1NU United Kingdom
Accountants
Anthistle Craven Moreton House 31 High Street Buckingham Bucks MK18 1NU
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C M Coleman Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,455 
4,334 
Current assets
Debtors
1,380 
1,452 
Cash at bank and in hand
85,760 
93,796 
87,140 
95,248 
Creditors: amounts falling due within one year
(3,906)
(3,117)
Net current assets
83,234 
92,131 
Total assets less current liabilities
86,689 
96,465 
Provisions for liabilities
Deferred tax
(654)
(823)
Net assets
86,035 
95,642 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
86,034 
95,641 
Shareholders' funds
86,035 
95,642 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 April 2024 and were signed on its behalf by
C M Coleman Director Company Registration No. 7970714
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C M Coleman Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
C M Coleman Ltd is a private company, limited by shares, registered in England and Wales, registration number 7970714. The registered office is Moreton House, 31 High Street, Buckingham, Buckinghamshire, MK18 1NU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Computer equipment
25% Reducing Balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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C M Coleman Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
12,151 
5,533 
860 
18,544 
At 31 March 2024
12,151 
5,533 
860 
18,544 
Depreciation
At 1 April 2023
8,992 
4,596 
622 
14,210 
Charge for the year
632 
187 
60 
879 
At 31 March 2024
9,624 
4,783 
682 
15,089 
Net book value
At 31 March 2024
2,527 
750 
178 
3,455 
At 31 March 2023
3,159 
937 
238 
4,334 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
735 
825 
Accrued income and prepayments
645 
627 
1,380 
1,452 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
3,906 
3,070 
Loans from directors
- 
47 
3,906 
3,117 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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