IRIS Accounts Production v24.3.0.553 03591363 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035913632023-03-31035913632024-03-31035913632023-04-012024-03-31035913632022-03-31035913632022-04-012023-03-31035913632023-03-3103591363ns15:EnglandWales2023-04-012024-03-3103591363ns14:PoundSterling2023-04-012024-03-3103591363ns10:Director12023-04-012024-03-3103591363ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103591363ns10:SmallEntities2023-04-012024-03-3103591363ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3103591363ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103591363ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103591363ns10:FullAccounts2023-04-012024-03-3103591363ns10:OrdinaryShareClass12023-04-012024-03-3103591363ns10:Director22023-04-012024-03-3103591363ns10:RegisteredOffice2023-04-012024-03-3103591363ns5:CurrentFinancialInstruments2024-03-3103591363ns5:CurrentFinancialInstruments2023-03-3103591363ns5:Non-currentFinancialInstruments2024-03-3103591363ns5:Non-currentFinancialInstruments2023-03-3103591363ns5:ShareCapital2024-03-3103591363ns5:ShareCapital2023-03-3103591363ns5:RetainedEarningsAccumulatedLosses2024-03-3103591363ns5:RetainedEarningsAccumulatedLosses2023-03-3103591363ns5:FurnitureFittings2023-04-012024-03-3103591363ns5:MotorVehicles2023-04-012024-03-3103591363ns5:FurnitureFittings2023-03-3103591363ns5:MotorVehicles2023-03-3103591363ns5:FurnitureFittings2024-03-3103591363ns5:MotorVehicles2024-03-3103591363ns5:FurnitureFittings2023-03-3103591363ns5:MotorVehicles2023-03-3103591363ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3103591363ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3103591363ns5:DeferredTaxation2023-03-3103591363ns5:DeferredTaxation2024-03-3103591363ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 03591363 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

COLIN NEESON LIMITED

COLIN NEESON LIMITED (REGISTERED NUMBER: 03591363)

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 3

Chartered Certified Accountants' Report 6

COLIN NEESON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr C D Adcock
Mrs L A Adcock





REGISTERED OFFICE: Block 3
Park Lane Business Park
Basford
Nottingham
Nottinghamshire
NG6 0DW





REGISTERED NUMBER: 03591363 (England and Wales)





ACCOUNTANTS: David Rice Associates Ltd
Chartered Certified Accountants
4 Wellington Circus
Nottingham
Nottinghamshire
NG1 5AL

COLIN NEESON LIMITED (REGISTERED NUMBER: 03591363)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,003 24,168

CURRENT ASSETS
Debtors 5 286,357 355,585
Cash at bank 747,009 664,966
1,033,366 1,020,551
CREDITORS
Amounts falling due within one year 6 223,410 333,328
NET CURRENT ASSETS 809,956 687,223
TOTAL ASSETS LESS CURRENT
LIABILITIES

832,959

711,391

CREDITORS
Amounts falling due after more than one year 7 (13,091 ) (23,274 )

PROVISIONS FOR LIABILITIES 8 (5,830 ) (4,592 )
NET ASSETS 814,038 683,525

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 814,036 683,523
SHAREHOLDERS' FUNDS 814,038 683,525

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 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.

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 Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by:





Mr C D Adcock - Director


COLIN NEESON LIMITED (REGISTERED NUMBER: 03591363)

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


1. STATUTORY INFORMATION

Colin Neeson 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 net invoiced sales of services to customers, excluding value added tax and net of trade discounts.

Turnover derives from the operation of a courier despatch service.

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 - 25% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 7 (2023 - 7 ) .

COLIN NEESON LIMITED (REGISTERED NUMBER: 03591363)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 9,303 53,181 62,484
Additions 895 14,990 15,885
Disposals (2,687 ) (34,182 ) (36,869 )
At 31 March 2024 7,511 33,989 41,500
DEPRECIATION
At 1 April 2023 4,779 33,537 38,316
Charge for year 1,355 6,419 7,774
Eliminated on disposal (2,368 ) (25,225 ) (27,593 )
At 31 March 2024 3,766 14,731 18,497
NET BOOK VALUE
At 31 March 2024 3,745 19,258 23,003
At 31 March 2023 4,524 19,644 24,168

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 275,826 344,819
Other debtors 10,531 10,766
286,357 355,585

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,183 9,932
Trade creditors 117,904 161,115
Taxation and social security 64,892 131,035
Other creditors 30,431 31,246
223,410 333,328

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,091 23,274

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,830 4,592

COLIN NEESON LIMITED (REGISTERED NUMBER: 03591363)

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


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 4,592
Accelerated capital allowances 1,238
Balance at 31 March 2024 5,830

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
COLIN NEESON LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Colin Neeson Limited for the year ended 31 March 2024 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Colin Neeson Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Colin Neeson Limited and state those matters that we have agreed to state to the Board of Directors of Colin Neeson Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Colin Neeson Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Colin Neeson Limited. You consider that Colin Neeson Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Colin Neeson Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






David Rice Associates Ltd
Chartered Certified Accountants
4 Wellington Circus
Nottingham
Nottinghamshire
NG1 5AL


2 October 2024