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
C M Coleman Ltd
Company Information
for the year ended 31 March 2024
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
C M Coleman Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
3,455
4,334
Cash at bank and in hand
85,760
93,796
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
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
C M Coleman Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
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
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
At 31 March 2024
2,527
750
178
3,455
At 31 March 2023
3,159
937
238
4,334
Amounts falling due within one year
Accrued income and prepayments
645
627
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
3,906
3,070
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).