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REGISTERED NUMBER: 00659223 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st August 2023

for

H.D. Collins Limited

H.D. Collins Limited (Registered number: 00659223)






Contents of the Financial Statements
for the year ended 31st August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H.D. Collins Limited

Company Information
for the year ended 31st August 2023







DIRECTOR: J B Collins





SECRETARY: Mr. D J Collins





REGISTERED OFFICE: Precise Works
Delamare Road
Cheshunt
Hertfordshire
EN8 9TB





REGISTERED NUMBER: 00659223 (England and Wales)





ACCOUNTANTS: Apple Accounting Services Ltd
Chartered Management Accountants
12b Sun Street
Waltham Abbey
Essex
EN9 1EE

H.D. Collins Limited (Registered number: 00659223)

Balance Sheet
31st August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 107,052 120,451

CURRENT ASSETS
Stocks 17,415 30,634
Debtors 5 69,203 143,101
Cash at bank and in hand 2,506 1,848
89,124 175,583
CREDITORS
Amounts falling due within one year 6 196,493 195,610
NET CURRENT LIABILITIES (107,369 ) (20,027 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(317

)

100,424

CREDITORS
Amounts falling due after more than one year 7 (48,000 ) (101,168 )

PROVISIONS FOR LIABILITIES (10,748 ) (16,983 )
NET LIABILITIES (59,065 ) (17,727 )

CAPITAL AND RESERVES
Called up share capital 302 302
Share premium 614 614
Retained earnings (59,981 ) (18,643 )
SHAREHOLDERS' FUNDS (59,065 ) (17,727 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 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.

H.D. Collins Limited (Registered number: 00659223)

Balance Sheet - continued
31st August 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16th August 2024 and were signed by:





J B Collins - Director


H.D. Collins Limited (Registered number: 00659223)

Notes to the Financial Statements
for the year ended 31st August 2023

1. STATUTORY INFORMATION

H.D. Collins 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on reducing balance, 10% on reducing balance and 5% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

H.D. Collins Limited (Registered number: 00659223)

Notes to the Financial Statements - continued
for the year ended 31st August 2023

2. ACCOUNTING POLICIES - continued

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.

Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st September 2022 72,307 518,751 591,058
Additions - 608 608
At 31st August 2023 72,307 519,359 591,666
DEPRECIATION
At 1st September 2022 72,307 398,300 470,607
Charge for year - 14,007 14,007
At 31st August 2023 72,307 412,307 484,614
NET BOOK VALUE
At 31st August 2023 - 107,052 107,052
At 31st August 2022 - 120,451 120,451

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 51,748 120,515
Other debtors 17,455 22,586
69,203 143,101

H.D. Collins Limited (Registered number: 00659223)

Notes to the Financial Statements - continued
for the year ended 31st August 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,732 21,297
Trade creditors 71,345 95,334
Taxation and social security 45,091 50,285
Other creditors 57,325 28,694
196,493 195,610

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 28,000 56,168
Other creditors 20,000 45,000
48,000 101,168

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 6,529 3,237
Between one and five years 11,426 -
17,955 3,237

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J B Collins.