K. J. Collins & Associates Ltd 04406864 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is sales consultancy and agent for manufacturers and distributors of industrial chemicals Digita Accounts Production Advanced 6.30.9574.0 true true 04406864 2023-04-01 2024-03-31 04406864 2024-03-31 04406864 core:RetainedEarningsAccumulatedLosses 2024-03-31 04406864 core:ShareCapital 2024-03-31 04406864 core:CurrentFinancialInstruments 2024-03-31 04406864 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04406864 core:FurnitureFittingsToolsEquipment 2024-03-31 04406864 core:OtherPropertyPlantEquipment 2024-03-31 04406864 bus:SmallEntities 2023-04-01 2024-03-31 04406864 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04406864 bus:FullAccounts 2023-04-01 2024-03-31 04406864 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04406864 bus:RegisteredOffice 2023-04-01 2024-03-31 04406864 bus:CompanySecretary1 2023-04-01 2024-03-31 04406864 bus:Director2 2023-04-01 2024-03-31 04406864 bus:Director3 2023-04-01 2024-03-31 04406864 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04406864 core:FurnitureFittings 2023-04-01 2024-03-31 04406864 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 04406864 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 04406864 core:PlantMachinery 2023-04-01 2024-03-31 04406864 countries:UnitedKingdom 2023-04-01 2024-03-31 04406864 2023-03-31 04406864 core:FurnitureFittingsToolsEquipment 2023-03-31 04406864 core:OtherPropertyPlantEquipment 2023-03-31 04406864 2022-04-01 2023-03-31 04406864 2023-03-31 04406864 core:RetainedEarningsAccumulatedLosses 2023-03-31 04406864 core:ShareCapital 2023-03-31 04406864 core:CurrentFinancialInstruments 2023-03-31 04406864 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04406864 core:FurnitureFittingsToolsEquipment 2023-03-31 04406864 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 04406864

K. J. Collins & Associates Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

K. J. Collins & Associates Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

K. J. Collins & Associates Ltd

Company Information

Directors





 

E Collins

K J Collins

Company secretary




 

S Dunn

Registered office






 

Valleyside
Worleys Drive
Tubbenden Lane
Orpington
Kent
BR6 9NW

Accountants

A S Partnership Ltd
Chartered Certified Accountants
158 Stafford Road
Wallington
Surrey
SM6 9BS

 

K. J. Collins & Associates Ltd

(Registration number: 04406864)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

           

Fixed Assets

   

 

Tangible Assets

4

 

9,588

 

9,910

Current assets

   

 

Debtors

5

17,714

 

17,734

 

Cash at bank and in hand

 

158,725

 

130,402

 

 

176,439

 

148,136

 

Creditors: Amounts falling due within one year

6

(29,909)

 

(25,638)

 

Net current assets

   

146,530

 

122,498

Total assets less current liabilities

   

156,118

 

132,408

Provisions for liabilities

 

(316)

 

-

Net assets

   

155,802

 

132,408

Capital and reserves

   

 

Called up share capital

100

 

100

 

Profit and loss account

155,702

 

132,308

 

Total equity

   

155,802

 

132,408

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

K. J. Collins & Associates Ltd

(Registration number: 04406864)
Balance Sheet as at 31 March 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

As permitted by s444A and s444(5A) of the Companies Act 2006, the directors have not delivered to the Registrar a copy of the directors report, profit and loss account and associated notes.

Approved and authorised by the Board on 27 November 2024 and signed on its behalf by:
 

.........................................
K J Collins
Director

 

K. J. Collins & Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Valleyside
Worleys Drive
Tubbenden Lane
Orpington
Kent
BR6 9NW

These financial statements were authorised for issue by the Board on 27 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

K. J. Collins & Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Asset class

Depreciation method and rate

Plant and machinery

25% on reducing balance

Furniture and fittings

10% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

K. J. Collins & Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible Assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

10,241

8,775

19,016

Additions

-

1,048

1,048

At 31 March 2024

10,241

9,823

20,064

Depreciation

At 1 April 2023

1,254

7,852

9,106

Charge for the year

899

471

1,370

At 31 March 2024

2,153

8,323

10,476

Carrying amount

At 31 March 2024

8,088

1,500

9,588

At 31 March 2023

8,987

923

9,910

5

Debtors

2024
£

2023
£

Trade Debtors

17,714

17,659

Other debtors

-

75

Total current trade and other debtors

17,714

17,734

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Other creditors

 

21,830

18,659

Directors' loan accounts

 

8,079

6,979

 

29,909

25,638

 

K. J. Collins & Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100