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REGISTERED NUMBER: 00789570 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Van Cols Limited

Van Cols Limited (Registered number: 00789570)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Van Cols Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: M R King
A H Van Helfteren
A F Van Helfteren
P C Van Helfteren
M G C Misquitta
S R Robins





SECRETARY: M R King





REGISTERED OFFICE: The Old School
School Lane
Great Horkesley
Colchester
Essex
CO6 4BN





REGISTERED NUMBER: 00789570 (England and Wales)





ACCOUNTANTS: Tile & Co
Warden House
37 Manor Road
Colchester
Essex
CO3 3LX

Van Cols Limited (Registered number: 00789570)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 373,287 -
Tangible assets 5 441,109 429,133
814,396 429,133

CURRENT ASSETS
Stocks 148,639 85,046
Debtors 6 162,997 139,225
Investments 7 712,854 1,404,386
Cash at bank and in hand 610,192 138,413
1,634,682 1,767,070
CREDITORS
Amounts falling due within one year 8 565,760 385,498
NET CURRENT ASSETS 1,068,922 1,381,572
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,883,318

1,810,705

CREDITORS
Amounts falling due after more than one
year

9

(137,824

)

-

PROVISIONS FOR LIABILITIES (30,952 ) (54,146 )
NET ASSETS 1,714,542 1,756,559

CAPITAL AND RESERVES
Called up share capital 3,792 3,792
Capital redemption reserve 208 208
Fair value reserve 10 85,266 67,914
Retained earnings 1,625,276 1,684,645
SHAREHOLDERS' FUNDS 1,714,542 1,756,559

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.

Van Cols Limited (Registered number: 00789570)

Balance Sheet - continued
31 March 2024


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 4 September 2024 and were signed on its behalf by:





A H Van Helfteren - Director


Van Cols Limited (Registered number: 00789570)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Van Cols 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 33% on cost, 20% on cost and 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

Van Cols Limited (Registered number: 00789570)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 59 (2023 - 57 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 30,548
Additions 373,287
At 31 March 2024 403,835
AMORTISATION
At 1 April 2023
and 31 March 2024 30,548
NET BOOK VALUE
At 31 March 2024 373,287
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 2,146,740
Additions 225,391
Disposals (80,496 )
At 31 March 2024 2,291,635
DEPRECIATION
At 1 April 2023 1,717,607
Charge for year 213,415
Eliminated on disposal (80,496 )
At 31 March 2024 1,850,526
NET BOOK VALUE
At 31 March 2024 441,109
At 31 March 2023 429,133

Van Cols Limited (Registered number: 00789570)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 105,825 97,654
Other debtors 57,172 41,571
162,997 139,225

7. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Listed investments 212,854 184,386
Other 500,000 1,220,000
712,854 1,404,386

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 115,424 52,065
Trade creditors 76,952 74,561
Taxation and social security 230,177 159,865
Other creditors 143,207 99,007
565,760 385,498

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 137,824 -

10. RESERVES
Fair
value
reserve
£   
At 1 April 2023 67,914
Reserve transfer 17,352

At 31 March 2024 85,266

11. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the total commitment to future minimum lease payments under non-cancellable operating leases was £52,088 (2023 - £76,457)