Registered number
01202700
Collinson & Stelling Limited
Unaudited Filleted Accounts
30 April 2024
Collinson & Stelling Limited
Registered number: 01202700
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 815,056 221,731
Current assets
Stocks 138,695 147,742
Debtors 4 156,099 156,180
Cash at bank and in hand 125,032 196,897
419,826 500,819
Creditors: amounts falling due within one year 5 (511,668) (166,855)
Net current (liabilities)/assets (91,842) 333,964
Total assets less current liabilities 723,214 555,695
Provisions for liabilities (5,460) (8,515)
Net assets 717,754 547,180
Capital and reserves
Called up share capital 5,000 5,000
Profit and loss account 712,754 542,180
Shareholders' funds 717,754 547,180
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C P Stelling
Director
Approved by the board on 31 October 2024
Collinson & Stelling Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings & leashold improvements 5% Reducing balance
Plant and machinery 25% and 20% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 9
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 270,778 242,650 63,291 576,719
Additions 567,000 2,180 93,022 662,202
At 30 April 2024 837,778 244,830 156,313 1,238,921
Depreciation
At 1 May 2023 83,106 211,153 60,729 354,988
Charge for the year 37,733 7,248 23,896 68,877
At 30 April 2024 120,839 218,401 84,625 423,865
Net book value
At 30 April 2024 716,939 26,429 71,688 815,056
At 30 April 2023 187,672 31,497 2,562 221,731
4 Debtors 2024 2023
£ £
Trade debtors 145,495 146,264
Other debtors 10,604 9,916
156,099 156,180
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 60,016 38,620
Taxation and social security costs 105,887 76,629
Other creditors 345,765 51,606
511,668 166,855
6 Related party transactions
Mr C P Stelling who is a director and shareholder of the company owned a part of the premises used by the company for which he received an annual rent of £40,000 from the company. This property was sold to the company by Mr Stelling for a purchase price of £550,000 during the financial year.
7 Controlling party
Mr C & Mrs E Stelling are the only Directors of the company and own 100% of its share capital.
8 Other information
Collinson & Stelling Limited is a private company limited by shares and incorporated in England. Its registered office is:
Collinson & Stelling Limited
86 Bridge Street
Castleford
West Yorkshire
WF10 4LA
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