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REGISTERED NUMBER: 07044038 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

KAY COLLINS SALES, LETTINGS & PROPERTY
MANAGEMENT LTD

KAY COLLINS SALES, LETTINGS & PROPERTY
MANAGEMENT LTD (REGISTERED NUMBER: 07044038)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


KAY COLLINS SALES, LETTINGS & PROPERTY
MANAGEMENT LTD

COMPANY INFORMATION
for the year ended 30 November 2023







DIRECTORS: K Collins
S R Atkinson





REGISTERED OFFICE: 33 Market Street
Hindley
Wigan
Lancashire
WN2 3AE





REGISTERED NUMBER: 07044038 (England and Wales)





ACCOUNTANTS: Hayes & Co
Chartered Accountants
Suite 2 Beswick House
Greenfold Way
Leigh
Lancashire
WN7 3XJ

KAY COLLINS SALES, LETTINGS & PROPERTY
MANAGEMENT LTD (REGISTERED NUMBER: 07044038)

ABRIDGED BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 4,608
Tangible assets 5 11,166 2,582
11,166 7,190

CURRENT ASSETS
Debtors 68,586 73,776
Cash at bank and in hand 40,593 22,675
109,179 96,451
CREDITORS
Amounts falling due within one year 94,670 74,191
NET CURRENT ASSETS 14,509 22,260
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,675

29,450

CREDITORS
Amounts falling due after more than one
year

(22,186

)

(28,015

)

PROVISIONS FOR LIABILITIES (2,369 ) (491 )
NET ASSETS 1,120 944

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,020 844
SHAREHOLDERS' FUNDS 1,120 944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

KAY COLLINS SALES, LETTINGS & PROPERTY
MANAGEMENT LTD (REGISTERED NUMBER: 07044038)

ABRIDGED BALANCE SHEET - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 July 2024 and were signed on its behalf by:





K Collins - Director


KAY COLLINS SALES, LETTINGS & PROPERTY
MANAGEMENT LTD (REGISTERED NUMBER: 07044038)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Kay Collins Sales, Lettings & Property Management Ltd 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
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover represents fees invoiced, excluding value added tax, net of maintenance costs incurred in respect of managed properties.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010 and 2016, is being amortized evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

KAY COLLINS SALES, LETTINGS & PROPERTY
MANAGEMENT LTD (REGISTERED NUMBER: 07044038)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022
and 30 November 2023 46,520
AMORTISATION
At 1 December 2022 41,912
Amortisation for year 4,608
At 30 November 2023 46,520
NET BOOK VALUE

At 30 November 2023 -
At 30 November 2022 4,608

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 11,314
Additions 10,400
At 30 November 2023 21,714
DEPRECIATION
At 1 December 2022 8,732
Charge for year 1,816
At 30 November 2023 10,548
NET BOOK VALUE
At 30 November 2023 11,166
At 30 November 2022 2,582

KAY COLLINS SALES, LETTINGS & PROPERTY
MANAGEMENT LTD (REGISTERED NUMBER: 07044038)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
K Collins
Balance outstanding at start of year 27,676 27,727
Amounts repaid (2,535 ) (51 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,141 27,676

S R Atkinson
Balance outstanding at start of year 27,676 27,728
Amounts repaid (2,535 ) (52 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,141 27,676

The amounts are unsecured, interest free and repayable on demand.