2023-03-01 NI676517 2024-02-29 NI676517 2023-03-01 2024-02-29 NI676517 2023-02-28 NI676517 2022-03-01 2023-02-28 NI676517 uk-core:WithinOneYear 2023-02-28 NI676517 uk-core:WithinOneYear 2024-02-29 NI676517 uk-core:ShareCapital 2024-02-29 NI676517 uk-core:ShareCapital 2023-02-28 NI676517 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 NI676517 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 NI676517 uk-bus:Director1 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure NI676517 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 NI676517 uk-bus:FRS102 2023-03-01 2024-02-29 NI676517 uk-bus:FilletedAccounts 2023-03-01 2024-02-29 NI676517 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29
Colfab Ltd
Registered Number:NI676517
For the year ended 29 February 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 29 February 2024
Colfab Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
NI676517
As at 29 February 2024
Colfab Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Current assets
Inventories
70,375
19,612
2
Trade and other receivables
116,489
37,882
3
154,321
Cash and cash equivalents
37,797
95,291
341,185
Trade and other payables: amounts falling due within one
year
(212,178)
(41,453)
4
129,007
53,838
Net current assets
Total assets less current liabilities
53,838
129,007
(2,739)
(9,167)
Provisions for liabilities
51,099
Net assets
119,840
Capital and reserves
Called up share capital
22
22
Retained earnings
51,077
119,818
51,099
119,840
Shareholders' funds
For the year ended 29 February 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs Nadia Lees Director
These financial statements were approved and authorised for issue by the Board on 28 November 2024 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 29 February 2024
Colfab Ltd
Notes to the Financial Statements
Statutory Information
Colfab Ltd is a private limited company, limited by shares, domiciled in Northern Ireland, registration number
NI676517.
Registered address:
27 Sandy Grove
Magherafelt
Derry
BT45 6PU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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 at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
2. Inventories
2023
2024
£
£
Stocks
19,612
70,375
3. Trade and other receivables
2023
2024
£
£
Trade debtors
34,682
62,382
Other debtors
3,200
54,107
116,489
37,882
2 of 3
5
For the year ended 29 February 2024
Colfab Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
4,647
19,631
Taxation and social security
30,760
44,525
Other creditors
6,046
148,022
41,453
212,178
5. Average number of persons employed
During the year the average number of employees was 0
3 of 3