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REGISTERED NUMBER: 06868093 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

R E Collins HS Limited

R E Collins HS Limited (Registered number: 06868093)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


R E Collins HS Limited

Company Information
for the Year Ended 31 March 2024







Director: Mr R E Collins





Registered office: Cobblers Farm
Broadwas
Worcester
WR6 5NS





Registered number: 06868093 (England and Wales)





Accountants: Crowthers Chartered Accountants
1 Ripple Court
Brockeridge Park
Tewkesbury
Gloucestershire
GL20 6FG

R E Collins HS Limited (Registered number: 06868093)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 339,928 246,284
Investments 5 - 3,100
339,928 249,384

CURRENT ASSETS
Debtors 6 231,858 211,775
Cash at bank 58,737 222,827
290,595 434,602
CREDITORS
Amounts falling due within one year 7 174,897 154,710
NET CURRENT ASSETS 115,698 279,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

455,626

529,276

CREDITORS
Amounts falling due after more than one
year

8

(86,472

)

(50,705

)

PROVISIONS FOR LIABILITIES (61,158 ) (43,147 )
NET ASSETS 307,996 435,424

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 307,896 435,324
SHAREHOLDERS' FUNDS 307,996 435,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

R E Collins HS Limited (Registered number: 06868093)

Statement of Financial Position - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 July 2024 and were signed by:





Mr R E Collins - Director


R E Collins HS Limited (Registered number: 06868093)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

R E Collins HS 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the fair value of services provided under contracts with customers to the extent that there is a right to consideration. It is measured at the fair value of the consideration due. Where a service is incomplete at the year end, turnover represents the value of the service provided to that date based on an appropriate proportion of the total expected consideration at completion.

Invoices are not raised until a contract is complete so the value of incomplete services is included as Amounts recoverable on contracts in the balance sheet.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax 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 is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

R E Collins HS Limited (Registered number: 06868093)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2023 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 April 2023 533,012 48,955 581,967
Additions 151,161 - 151,161
At 31 March 2024 684,173 48,955 733,128
Depreciation
At 1 April 2023 299,583 36,100 335,683
Charge for year 55,428 2,089 57,517
At 31 March 2024 355,011 38,189 393,200
Net book value
At 31 March 2024 329,162 10,766 339,928
At 31 March 2023 233,429 12,855 246,284

R E Collins HS Limited (Registered number: 06868093)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
Cost
At 1 April 2023 3,100
Disposals (3,100 )
At 31 March 2024 -
Net book value
At 31 March 2024 -
At 31 March 2023 3,100

In the directors opinion the cost value and fair value of the investment are equal.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 201,150 176,642
Other debtors 29,928 35,133
Prepayments 780 -
231,858 211,775

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 22,815 8,500
Trade creditors 96 4,576
Tax 3,006 51,658
Social security and other taxes 15,514 1,912
VAT 14,222 4,944
Directors' loan accounts 113,244 76,771
Accrued expenses 6,000 6,349
174,897 154,710

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bounce back loan 23,277 32,330
Hire purchase contracts 63,195 18,375
86,472 50,705

R E Collins HS Limited (Registered number: 06868093)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

2024 2023
£    £   
Mr R E Collins
Balance outstanding at start of year (76,771 ) (11,893 )
Amounts advanced 176,515 29,491
Amounts repaid (212,988 ) (94,369 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (113,244 ) (76,771 )

11. RELATED PARTY DISCLOSURES

Included within other debtors is an amount owed to the business by JR & RE Contracting Limited, with which the company shares a director. Interest has been charged on the loan at the beneficial interest rate, and is repayable on demand.