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REGISTERED NUMBER: 01360899 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

COLLINS & KIMPTON LIMITED

COLLINS & KIMPTON LIMITED (REGISTERED NUMBER: 01360899)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COLLINS & KIMPTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: G Jones





REGISTERED OFFICE: 12 March End Road
Wednesfield
Wolverhampton
West Midlands
WV11 3QZ





REGISTERED NUMBER: 01360899 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
161 Newhall Street
Birmingham
B3 1SW

COLLINS & KIMPTON LIMITED (REGISTERED NUMBER: 01360899)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 104,243 104,828

CURRENT ASSETS
Stocks 10,686 10,169
Debtors 5 55,511 56,948
Cash at bank 119,907 163,794
186,104 230,911
CREDITORS
Amounts falling due within one year 6 36,903 29,598
NET CURRENT ASSETS 149,201 201,313
TOTAL ASSETS LESS CURRENT
LIABILITIES

253,444

306,141

CREDITORS
Amounts falling due after more than one
year

7

(29,617

)

(91,265

)

PROVISIONS FOR LIABILITIES (917 ) (917 )
NET ASSETS 222,910 213,959

CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 999 999
Retained earnings 221,910 212,959
222,910 213,959

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.

COLLINS & KIMPTON LIMITED (REGISTERED NUMBER: 01360899)

BALANCE SHEET - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 September 2024 and were signed by:





G Jones - Director


COLLINS & KIMPTON LIMITED (REGISTERED NUMBER: 01360899)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Collins & Kimpton 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 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.
Freehold property - 2% on cost
Plant and machinery - 15% on cost
Motor vehicles - 25% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

COLLINS & KIMPTON LIMITED (REGISTERED NUMBER: 01360899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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.

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.

Government grants
Government grants are recognised when there is a reasonable assurance that the company will comply with the conditions attached and the grant will be received, or on actual receipt of the grant, whichever is earlier. Grants received in respect of capital expenditure are credited to the profit and loss over the estimated useful life of the assets to which they relate. Grants received to reimburse costs already incurred are recognised in the profit and loss in the period in which they become receivable. Grants for immediate financial support are recognised on receipt.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023 100,000 59,212 1,200 160,412
Additions - 581 - 581
At 31 March 2024 100,000 59,793 1,200 160,993
DEPRECIATION
At 1 April 2023 - 54,454 1,130 55,584
Charge for year - 1,096 70 1,166
At 31 March 2024 - 55,550 1,200 56,750
NET BOOK VALUE
At 31 March 2024 100,000 4,243 - 104,243
At 31 March 2023 100,000 4,758 70 104,828

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 52,334 51,865
Other debtors 3,177 5,083
55,511 56,948

COLLINS & KIMPTON LIMITED (REGISTERED NUMBER: 01360899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,397 10,261
Trade creditors 11,018 5,559
Taxation and social security 12,471 4,443
Other creditors 8,017 9,335
36,903 29,598

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 29,617 91,265

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 2,102

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loan - 61,250

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
G Jones
Balance outstanding at start of year 4,000 -
Amounts advanced 2,270 4,000
Amounts repaid (4,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,270 4,000