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Registered number: 07837623
Coleman Design Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
B&SW Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07837623
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,406 1,757
1,406 1,757
CURRENT ASSETS
Stocks 6 4,000 3,000
Debtors 7 5,239 6,088
Cash at bank and in hand 5,631 9,765
14,870 18,853
Creditors: Amounts Falling Due Within One Year 8 (8,458 ) (8,358 )
NET CURRENT ASSETS (LIABILITIES) 6,412 10,495
TOTAL ASSETS LESS CURRENT LIABILITIES 7,818 12,252
Creditors: Amounts Falling Due After More Than One Year 9 (12,369 ) (14,869 )
NET LIABILITIES (4,551 ) (2,617 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (4,651 ) (2,717 )
SHAREHOLDERS' FUNDS (4,551) (2,617)
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Miss Phoebe Coleman
Director
14/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Coleman Design Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07837623 . The registered office is Toad Hall Cattawade Street, Cattawade, Manningtree, CO11 1RG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life, it is fully amortilised.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Fixtures & Fittings 20% Reducing balance
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 16,000
As at 31 October 2023 16,000
Amortisation
As at 1 November 2022 16,000
As at 31 October 2023 16,000
Net Book Value
As at 31 October 2023 -
As at 1 November 2022 -
Page 3
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5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 November 2022 6,358
As at 31 October 2023 6,358
Depreciation
As at 1 November 2022 4,601
Provided during the period 351
As at 31 October 2023 4,952
Net Book Value
As at 31 October 2023 1,406
As at 1 November 2022 1,757
6. Stocks
2023 2022
£ £
Finished goods 4,000 3,000
7. Debtors
2023 2022
£ £
Due within one year
Director's loan account 5,239 6,088
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 1
Corporation tax - 741
Other creditors 7,258 5,918
Accruals and deferred income 1,200 1,698
8,458 8,358
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 12,369 14,869
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4
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11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2022 Amounts advanced Amounts repaid Amounts written off As at 31 October 2023
£ £ £ £ £
Miss Phoebe Coleman 6,087 5,239 6,087 - 5,239
The above loan is unsecured, interest free and repayable on demand.
Page 5