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REGISTERED NUMBER: 06425009 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Collister (North West) Ltd

Collister (North West) Ltd (Registered number: 06425009)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Collister (North West) Ltd

Company Information
for the Year Ended 31 May 2024







Directors: S Collister
K M Reid
M J Williams





Registered office: Unit 8 Bretton Hall Farm Office
Chester Road
Bretton
Chester
CH4 0DF





Registered number: 06425009 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Collister (North West) Ltd (Registered number: 06425009)

Statement of Financial Position
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 20,150 426

Current assets
Stocks 86,950 61,200
Debtors 5 351,590 630,019
Cash at bank 1,056 77,866
439,596 769,085
Creditors
Amounts falling due within one year 6 435,434 472,302
Net current assets 4,162 296,783
Total assets less current liabilities 24,312 297,209

Creditors
Amounts falling due after more than
one year

7

18,158

46,727
Net assets 6,154 250,482

Capital and reserves
Called up share capital 100 100
Retained earnings 6,054 250,382
6,154 250,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Collister (North West) Ltd (Registered number: 06425009)

Statement of Financial Position - continued
31 May 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 6 January 2025 and were signed on its behalf by:





S Collister - Director


Collister (North West) Ltd (Registered number: 06425009)

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

1. Statutory information

Collister (North West) Ltd 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.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

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 statement of financial position date.


Collister (North West) Ltd (Registered number: 06425009)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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 statement of financial position 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.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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 profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 6 (2023 - 6 ) .

Collister (North West) Ltd (Registered number: 06425009)

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

4. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 June 2023 72,900 17,112 97,482 187,494
Additions - 1,082 25,500 26,582
Disposals (72,900 ) (16,262 ) - (89,162 )
At 31 May 2024 - 1,932 122,982 124,914
Depreciation
At 1 June 2023 72,900 16,686 97,482 187,068
Charge for year - 483 6,375 6,858
Eliminated on disposal (72,900 ) (16,262 ) - (89,162 )
At 31 May 2024 - 907 103,857 104,764
Net book value
At 31 May 2024 - 1,025 19,125 20,150
At 31 May 2023 - 426 - 426

5. Debtors: amounts falling due within one year
31/5/24 31/5/23
£    £   
Trade debtors 46,118 110
Other debtors 305,472 629,909
351,590 630,019

6. Creditors: amounts falling due within one year
31/5/24 31/5/23
£    £   
Bank loans and overdrafts 19,502 -
Hire purchase contracts 6,431 8,942
Trade creditors 229,436 245,243
Taxation and social security 57,547 52,808
Other creditors 122,518 165,309
435,434 472,302

Collister (North West) Ltd (Registered number: 06425009)

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

7. Creditors: amounts falling due after more than one year
31/5/24 31/5/23
£    £   
Hire purchase contracts 11,328 -
Other creditors 6,830 46,727
18,158 46,727

8. Secured debts

The following secured debts are included within creditors:

31/5/24 31/5/23
£    £   
Hire purchase contracts 17,759 8,942

Obligations under hire purchase contracts are secured on the underlying asset.

9. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31/5/24 31/5/23
£    £   
S Collister
Balance outstanding at start of year 173,621 101,434
Amounts advanced 294,416 237,236
Amounts repaid (410,298 ) (165,049 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 57,739 173,621

M J Williams
Balance outstanding at start of year - -
Amounts advanced 7,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,000 -

Collister (North West) Ltd (Registered number: 06425009)

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

9. Directors' advances, credits and guarantees - continued

S Collister
Amounts advanced include £14,250 on 19 June 2023, £8,135 on 31 July 2023, £9,000 on 1 September 2023, £7,000 on 3 November 2023, £6,811 on 6 November 2023, £21,487 on 8 December 2023, £10,000 on 15 December 2023, £7,000 on 22 December 2023, £9,500 on 18 March 2024 and £6,574 on 15 April 2024. Amounts repaid include £174,000 on 12 February 2024 and £225,000 on 31 May 2024. The maximum balance outstanding in the period was £383,286.


M J Williams
Amounts advanced include £7,000 on 31 May 2024. The maximum balance outstanding in the period was £7,000.

Advances to the directors are interest free, unsecured and repayable on demand.