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REGISTERED NUMBER: 03963810 (England and Wales)


















Colnside Construction Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Colnside Construction Limited (Registered number: 03963810)






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


Colnside Construction Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr K R Mustow
Mrs R L Mustow





REGISTERED OFFICE: Unit 5 Springfield Farm
Perrotts Brook
Cirencester
GL7 7DT





REGISTERED NUMBER: 03963810 (England and Wales)





ACCOUNTANTS: AMS Accountancy Limited
Delta 606
Welton Road
Delta Office Park
Swindon
Wiltshire
SN5 7XF

Colnside Construction Limited (Registered number: 03963810)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 4,800
Tangible assets 5 65,048 28,302
65,048 33,102

CURRENT ASSETS
Stocks 6 - 201
Debtors 7 71,463 55,533
Cash at bank 37,857 53,749
109,320 109,483
CREDITORS
Amounts falling due within one year 8 (26,556 ) (12,347 )
NET CURRENT ASSETS 82,764 97,136
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,812

130,238

CREDITORS
Amounts falling due after more than one
year

9

(13,889

)

-
NET ASSETS 133,923 130,238

CAPITAL AND RESERVES
Called up share capital 10 610 610
Capital redemption reserve 490 490
Retained earnings 132,823 129,138
SHAREHOLDERS' FUNDS 133,923 130,238

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.

Colnside Construction Limited (Registered number: 03963810)

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 Statement of Income and Retained Earnings 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:




Mr K R Mustow - Director



Mrs R L Mustow - Director


Colnside Construction Limited (Registered number: 03963810)

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

1. STATUTORY INFORMATION

Colnside Construction 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.

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 2006, is being amortised evenly over its estimated useful life of twenty 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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Colnside Construction Limited (Registered number: 03963810)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 50,000
AMORTISATION
At 1 April 2023 45,200
Amortisation for year 4,800
At 31 March 2024 50,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 4,800

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 8,023 35,072 605 43,700
Additions 54,199 - 571 54,770
Disposals (2,460 ) - - (2,460 )
At 31 March 2024 59,762 35,072 1,176 96,010
DEPRECIATION
At 1 April 2023 6,311 8,768 319 15,398
Charge for year 11,169 6,576 214 17,959
Eliminated on disposal (2,395 ) - - (2,395 )
At 31 March 2024 15,085 15,344 533 30,962
NET BOOK VALUE
At 31 March 2024 44,677 19,728 643 65,048
At 31 March 2023 1,712 26,304 286 28,302

6. STOCKS
2024 2023
£    £   
Stocks - 201

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 68,992 54,535
Other debtors 2,471 998
71,463 55,533

Colnside Construction Limited (Registered number: 03963810)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 8,334 -
Trade creditors 11,350 5,005
Taxation and social security 3,308 5,328
Other creditors 3,564 2,014
26,556 12,347

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 13,889 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
510 Ordinary A £1 510 510
100 Ordinary B £1 100 100
610 610