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Company Registration No. 06338330 (England and Wales)
Colvill Banks Limited Unaudited accounts for the year ended 31 March 2024
Colvill Banks Limited Unaudited accounts Contents
Page
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Colvill Banks Limited Company Information for the year ended 31 March 2024
Directors
Mr Mark Swain Mr Prems Srampical Mrs Swyta Bahuguna
Secretary
Power Secretaries Ltd
Company Number
06338330 (England and Wales)
Registered Office
Hollythorns House The Hollythorns Swanmore Southampton Hampshire SO32 2NW ENGLAND
Accountants
Power Accountax Limited Mailbox 3, Solent Business Centre 343 Millbrook Road West Southampton SO15 0HW
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Colvill Banks Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
190,814 
4,889 
Tangible assets
31,179 
13,897 
221,993 
18,786 
Current assets
Debtors
1,721,899 
1,138,830 
Cash at bank and in hand
597,234 
502,433 
2,319,133 
1,641,263 
Creditors: amounts falling due within one year
(573,758)
(436,922)
Net current assets
1,745,375 
1,204,341 
Total assets less current liabilities
1,967,368 
1,223,127 
Provisions for liabilities
Deferred tax
(8,364)
(3,247)
Net assets
1,959,004 
1,219,880 
Capital and reserves
Called up share capital
5,100 
5,100 
Share premium
4,900 
4,900 
Capital redemption reserve
500,598 
- 
Profit and loss account
1,448,406 
1,209,880 
Shareholders' funds
1,959,004 
1,219,880 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by
Mr Mark Swain Director Company Registration No. 06338330
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Colvill Banks Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Colvill Banks Limited is a private company, limited by shares, registered in England and Wales, registration number 06338330. The registered office is Hollythorns House The Hollythorns, Swanmore, Southampton, Hampshire, SO32 2NW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on Written Down Value
Computer equipment
25% on Written Down Value
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation rate is 5% on written down value.
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Colvill Banks Limited Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 April 2023
- 
135,287 
135,287 
Additions
196,997 
- 
196,997 
At 31 March 2024
196,997 
135,287 
332,284 
Amortisation
At 1 April 2023
- 
130,398 
130,398 
Charge for the year
9,850 
1,222 
11,072 
At 31 March 2024
9,850 
131,620 
141,470 
Net book value
At 31 March 2024
187,147 
3,667 
190,814 
At 31 March 2023
- 
4,889 
4,889 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
- 
10,346 
42,102 
52,448 
Additions
580 
18,152 
3,082 
21,814 
At 31 March 2024
580 
28,498 
45,184 
74,262 
Depreciation
At 1 April 2023
- 
7,835 
30,716 
38,551 
Charge for the year
- 
1,415 
3,117 
4,532 
At 31 March 2024
- 
9,250 
33,833 
43,083 
Net book value
At 31 March 2024
580 
19,248 
11,351 
31,179 
At 31 March 2023
- 
2,511 
11,386 
13,897 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,503,515 
1,056,781 
Amounts due from group undertakings etc.
67,843 
66,628 
Accrued income and prepayments
150,541 
- 
Other debtors
- 
15,421 
1,721,899 
1,138,830 
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Colvill Banks Limited Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
24,167 
33,867 
VAT
(16,216)
31,139 
Trade creditors
3,859 
3,673 
Amounts owed to group undertakings and other participating interests
168,275 
178,798 
Taxes and social security
169,849 
185,945 
Other creditors
166,234 
- 
Accruals
57,590 
3,500 
573,758 
436,922 
8
Average number of employees
During the year the average number of employees was 11 (2023: 11).
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