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REGISTERED NUMBER: 00688759 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

COLIN VAINES AND SONS LIMITED

COLIN VAINES AND SONS LIMITED (REGISTERED NUMBER: 00688759)






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


COLIN VAINES AND SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr G H Vaines



SECRETARY: Mr M H Vaines



REGISTERED OFFICE: Obelisk House
The Walk
Birdwell
Barnsley
South Yorkshire
S70 5UA



REGISTERED NUMBER: 00688759 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: HSBC
Station Road
Chapeltown
Sheffield
S35 2XE

COLIN VAINES AND SONS LIMITED (REGISTERED NUMBER: 00688759)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 11

CURRENT ASSETS
Debtors 5 25,180 36,082
Cash at bank 7,491 -
32,671 36,082
CREDITORS
Amounts falling due within one year 6 10,237 18,847
NET CURRENT ASSETS 22,434 17,235
TOTAL ASSETS LESS CURRENT LIABILITIES 22,434 17,246

PROVISIONS FOR LIABILITIES - 1,897
NET ASSETS 22,434 15,349

CAPITAL AND RESERVES
Called up share capital 7 10,000 10,000
Retained earnings 12,434 5,349
SHAREHOLDERS' FUNDS 22,434 15,349

COLIN VAINES AND SONS LIMITED (REGISTERED NUMBER: 00688759)

BALANCE SHEET - continued
31 MARCH 2024


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 director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 29 November 2024 and were signed by:





Mr G H Vaines - Director


COLIN VAINES AND SONS LIMITED (REGISTERED NUMBER: 00688759)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Colin Vaines And 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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 cost
Fixtures, fittings and equipment - 15% on cost
Motor vehicles - 20% on cost

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

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


COLIN VAINES AND SONS LIMITED (REGISTERED NUMBER: 00688759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Plant and and Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 8,142 5,873 8,000 22,015
DEPRECIATION
At 1 April 2023 8,142 5,862 8,000 22,004
Charge for year - 11 - 11
At 31 March 2024 8,142 5,873 8,000 22,015
NET BOOK VALUE
At 31 March 2024 - - - -
At 31 March 2023 - 11 - 11

COLIN VAINES AND SONS LIMITED (REGISTERED NUMBER: 00688759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 4,800
Other debtors 24,836 30,006
VAT - 932
Prepayments and accrued income 344 344
25,180 36,082

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 12,206
Corporation tax 6,844 4,259
VAT 1,248 -
Accrued expenses 2,145 2,382
10,237 18,847

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2,500 A Ordinary £1 2,500 2,500
2,500 B Ordinary £1 2,500 2,500
2,500 C Ordinary £1 2,500 2,500
2,500 D Ordinary £1 2,500 2,500
10,000 10,000

8. RELATED PARTY DISCLOSURES

The premises from which the company carries out its activities is owned by the shareholders of the company and is occupied rent free.