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REGISTERED NUMBER: 01195527 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Coleshill Cars Limited

Coleshill Cars Limited (Registered number: 01195527)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Coleshill Cars Limited

Company Information
for the year ended 29 February 2024







DIRECTORS: Ms A R Reading
I C Cramp





SECRETARY: Ms A R Reading





REGISTERED OFFICE: 9 Fir Tree Lane
New Arley
North Warks
CV7 8GW





REGISTERED NUMBER: 01195527 (England and Wales)





ACCOUNTANTS: Derek Young & Co Accountants LLP
Chartered Accountants
Estate House
Evesham Street
Redditch
Worcestershire
B97 4HP

Coleshill Cars Limited (Registered number: 01195527)

Abridged Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,756 10,191

CURRENT ASSETS
Debtors 34,340 34,110

CREDITORS
Amounts falling due within one year 44,090 45,983
NET CURRENT LIABILITIES (9,750 ) (11,873 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,994

)

(1,682

)

CREDITORS
Amounts falling due after more than one
year

6,357

10,035
NET LIABILITIES (8,351 ) (11,717 )

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings (8,451 ) (11,817 )
SHAREHOLDERS' FUNDS (8,351 ) (11,717 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Coleshill Cars Limited (Registered number: 01195527)

Abridged Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 October 2024 and were signed on its behalf by:





Ms A R Reading - Director


Coleshill Cars Limited (Registered number: 01195527)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Coleshill Cars 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 represents amounts derived from the provision of goods and services falling within the company's ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so derived.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 15% on reducing balance

Tangible fixed assets are stated at cost less depreciation.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

Coleshill Cars Limited (Registered number: 01195527)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023
and 29 February 2024 72,244
DEPRECIATION
At 1 March 2023 62,053
Charge for year 2,435
At 29 February 2024 64,488
NET BOOK VALUE
At 29 February 2024 7,756
At 28 February 2023 10,191

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 ordinary shares £1 100 100

6. ULTIMATE CONTROLLING PARTY

Throughout the financial year the controlling parties were the directors by virtue of their ownership of all the
issued share capital.