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REGISTERED NUMBER: 02141532 (England and Wales)














Financial Statements

for the Year Ended 31 March 2024

for

G Collier & Sons Limited

G Collier & Sons Limited (Registered number: 02141532)

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


G Collier & Sons Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Collier
L Collier



SECRETARY: Mrs P Collier



REGISTERED OFFICE: Kitling Road
Knowsley Business Park
Prescot
Merseyside
L34 9JA



REGISTERED NUMBER: 02141532 (England and Wales)



ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2/8 Oriel Road
Bootle
Merseyside
L20 7EP



BANKERS: National Westminster Bank plc
509 Prescot Road
Old Swan
Liverpool
Merseyside
L13 3BZ

G Collier & Sons Limited (Registered number: 02141532)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 700,771 672,712

CURRENT ASSETS
Stocks 30,567 34,796
Debtors 5 199,372 194,683
Cash at bank and in hand 604,472 641,526
834,411 871,005
CREDITORS
Amounts falling due within one year 6 147,977 152,507
NET CURRENT ASSETS 686,434 718,498
TOTAL ASSETS LESS CURRENT LIABILITIES 1,387,205 1,391,210

PROVISIONS FOR LIABILITIES 36,507 29,492
NET ASSETS 1,350,698 1,361,718

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 1,349,698 1,360,718
SHAREHOLDERS' FUNDS 1,350,698 1,361,718

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.

G Collier & Sons Limited (Registered number: 02141532)

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 29 August 2024 and were signed on its behalf by:





M Collier - Director


G Collier & Sons Limited (Registered number: 02141532)

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


1. STATUTORY INFORMATION

G Collier & Sons 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 represents net invoiced sales of services, excluding value added tax. Revenue is recognised once the service has been provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Freehold property has not been depreciated as the directors believes its residual value to be at least equal to 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 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

G Collier & Sons Limited (Registered number: 02141532)

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


2. ACCOUNTING POLICIES - continued

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 the profit & loss account in the period to which they relate.
The company also operates a money purchase scheme for its directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST
At 1 April 2023 554,745 7,810 101,841
Additions - - 31,259
Disposals - - (21,790 )
At 31 March 2024 554,745 7,810 111,310
DEPRECIATION
At 1 April 2023 - 7,810 91,311
Charge for year - - 7,758
Eliminated on disposal - - (18,881 )
At 31 March 2024 - 7,810 80,188
NET BOOK VALUE
At 31 March 2024 554,745 - 31,122
At 31 March 2023 554,745 - 10,530

G Collier & Sons Limited (Registered number: 02141532)

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


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 66,686 249,802 59,012 1,039,896
Additions 266 42,000 - 73,525
Disposals - (26,648 ) - (48,438 )
At 31 March 2024 66,952 265,154 59,012 1,064,983
DEPRECIATION
At 1 April 2023 65,895 148,864 53,304 367,184
Charge for year 220 30,188 1,427 39,593
Eliminated on disposal - (23,684 ) - (42,565 )
At 31 March 2024 66,115 155,368 54,731 364,212
NET BOOK VALUE
At 31 March 2024 837 109,786 4,281 700,771
At 31 March 2023 791 100,938 5,708 672,712

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 181,192 183,847
Prepayments 18,180 10,836
199,372 194,683

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 3,647 3,227
Trade creditors 40,352 63,175
Tax 32,766 25,748
Social security and other taxes 12,071 10,128
Pension 2,620 2,402
VAT 43,859 39,973
Other creditors 6,207 1,609
Accrued expenses 6,455 6,245
147,977 152,507

G Collier & Sons Limited (Registered number: 02141532)

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


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,000 Ordinary £1 1,000 1,000