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REGISTERED NUMBER: 02955021 (England and Wales)














Coltraco Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Coltraco Limited (Registered number: 02955021)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Coltraco Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: C S P Hunter
Mrs D Hunter





SECRETARY: Mrs D Hunter





REGISTERED OFFICE: 10 Victoria Road South
Southsea
Hampshire
PO5 2DA





REGISTERED NUMBER: 02955021 (England and Wales)





ACCOUNTANTS: Barter Durgan
Chartered Accountants
10 Victoria Road South
Southsea
Hampshire
PO5 2DA

Coltraco Limited (Registered number: 02955021)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 158,155 35,000
Debtors 4 519,328 423,220
Cash at bank and in hand 436,117 601,641
1,113,600 1,059,861
CREDITORS
Amounts falling due within one year 5 145,055 116,176
NET CURRENT ASSETS 968,545 943,685
TOTAL ASSETS LESS CURRENT
LIABILITIES

968,545

943,685

CREDITORS
Amounts falling due after more than one year 6 3,742 14,488
NET ASSETS 964,803 929,197

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 964,799 929,193
SHAREHOLDERS' FUNDS 964,803 929,197

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

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

Coltraco Limited (Registered number: 02955021)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





C S P Hunter - Director


Coltraco Limited (Registered number: 02955021)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Coltraco 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.

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 Statement of Income and Retained Earnings, 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.

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 17 (2022 - 15 ) .

Coltraco Limited (Registered number: 02955021)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 69,567 161,867
Due from related company 244,999 244,999
VAT 18,762 16,354
333,328 423,220

Amounts falling due after more than one year:
Prepayments and accrued income 186,000 -

Aggregate amounts 519,328 423,220

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 130,902 97,201
Taxation - 6,265
Social security and other taxes 14,153 12,710
145,055 116,176

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 3,742 14,488