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REGISTERED NUMBER: 03739228 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Colin Hill Bar & Catering Supplies Ltd

Colin Hill Bar & Catering Supplies Ltd (Registered number: 03739228)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Colin Hill Bar & Catering Supplies Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: D K Doyle
C D Hill
G M Hill
L M Hill
P Kitchener





REGISTERED OFFICE: 56 Wilbury Way
Hitchin
Hertfordshire
SG4 0TP





REGISTERED NUMBER: 03739228 (England and Wales)





ACCOUNTANTS: Godfrey Laws & Co Limited
65 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

Colin Hill Bar & Catering Supplies Ltd (Registered number: 03739228)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 17,216 24,763
Investments 6 100 100
17,316 24,863

CURRENT ASSETS
Stocks 78,000 86,000
Debtors 7 525,999 503,110
Cash at bank and in hand 28,282 53,828
632,281 642,938
CREDITORS
Amounts falling due within one year 8 536,161 515,927
NET CURRENT ASSETS 96,120 127,011
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,436

151,874

CREDITORS
Amounts falling due after more than one
year

9

(46,395

)

(93,951

)

PROVISIONS FOR LIABILITIES (2,648 ) (3,946 )
NET ASSETS 64,393 53,977

CAPITAL AND RESERVES
Called up share capital 50,340 50,340
Retained earnings 14,053 3,637
SHAREHOLDERS' FUNDS 64,393 53,977

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.

Colin Hill Bar & Catering Supplies Ltd (Registered number: 03739228)

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.

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 27 November 2024 and were signed on its behalf by:





D K Doyle - Director


Colin Hill Bar & Catering Supplies Ltd (Registered number: 03739228)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Colin Hill Bar & Catering Supplies Ltd 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 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 2010, has been fully amortised down to nil.

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 - 25% on reducing balance, 15% on reducing balance and 10% on reducing balance

The useful life of the improvements to property has been extended due to the extension of the lease on the property. The improvements are therefore depreciated over the remaining life of the lease.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Colin Hill Bar & Catering Supplies Ltd (Registered number: 03739228)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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.

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 6 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 8,000
AMORTISATION
At 1 March 2023
and 29 February 2024 8,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 39,948 138,652 178,600
DEPRECIATION
At 1 March 2023 37,808 116,029 153,837
Charge for year 1,427 6,120 7,547
At 29 February 2024 39,235 122,149 161,384
NET BOOK VALUE
At 29 February 2024 713 16,503 17,216
At 28 February 2023 2,140 22,623 24,763

Colin Hill Bar & Catering Supplies Ltd (Registered number: 03739228)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 100
NET BOOK VALUE
At 29 February 2024 100
At 28 February 2023 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 144,361 138,367
Amounts owed by group undertakings 314,071 297,224
Other debtors 67,567 67,519
525,999 503,110

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 56,013 59,567
Trade creditors 217,891 156,631
Taxation and social security 125,427 83,527
Other creditors 136,830 216,202
536,161 515,927

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 17,193 24,360
Other creditors 29,202 69,591
46,395 93,951

10. ULTIMATE CONTROLLING PARTY

The controlling party is L M Hill.

The ultimate controlling party is L M Hill.