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Registered number: 11614115
Colt Renovation Ltd
Financial Statements
For The Year Ended 31 October 2023
Accountants-E-Services Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11614115
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 136 182
136 182
CURRENT ASSETS
Debtors 5 67,528 72,671
Cash at bank and in hand 178 13,248
67,706 85,919
Creditors: Amounts Falling Due Within One Year 6 (40,152 ) (49,199 )
NET CURRENT ASSETS (LIABILITIES) 27,554 36,720
TOTAL ASSETS LESS CURRENT LIABILITIES 27,690 36,902
Creditors: Amounts Falling Due After More Than One Year 7 (10,337 ) (14,337 )
NET ASSETS 17,353 22,565
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 17,352 22,564
SHAREHOLDERS' FUNDS 17,353 22,565
Page 1
Page 2
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr T E Head
Director
18 October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Colt Renovation Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11614115 . The registered office is 67 Yr Aran, Dunvant, Swansea, SA2 7PX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 November 2022 575
As at 31 October 2023 575
Depreciation
As at 1 November 2022 393
Provided during the period 46
As at 31 October 2023 439
Net Book Value
As at 31 October 2023 136
As at 1 November 2022 182
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 5,250 5,250
Other debtors 49,531 57,185
Directors' loan accounts 12,747 10,236
67,528 72,671
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 59 5,531
Corporation tax 3,734 7,159
Other taxes and social security 1,508 1,914
VAT 1,398 1,637
Other creditors 32,958 32,958
Accruals and deferred income 495 -
40,152 49,199
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 10,337 14,337
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 4