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REGISTERED NUMBER: 04410758 (England and Wales)















Financial Statements for the Year Ended 30th April 2024

for

K Coleman Ltd

K Coleman Ltd (Registered number: 04410758)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K Coleman Ltd

Company Information
for the Year Ended 30th April 2024







DIRECTOR: Mr K Coleman





SECRETARY: Ms S E Warner





REGISTERED OFFICE: Ground Floor
Southway House
29 Southway
Colchester
Essex
CO2 7BA





REGISTERED NUMBER: 04410758 (England and Wales)

K Coleman Ltd (Registered number: 04410758)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,775 44,360

CURRENT ASSETS
Stocks and work in progress 3,200 23,000
Debtors 5 97,024 29,413
Cash at bank 93,776 151,195
194,000 203,608
CREDITORS
Amounts falling due within one year 6 (4,943 ) 19,427
NET CURRENT ASSETS 198,943 184,181
TOTAL ASSETS LESS CURRENT
LIABILITIES

233,718

228,541

PROVISIONS FOR LIABILITIES 6,607 11,090
NET ASSETS 227,111 217,451

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 227,109 217,449
SHAREHOLDERS' FUNDS 227,111 217,451

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

K Coleman Ltd (Registered number: 04410758)

Balance Sheet - continued
30th April 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 director and authorised for issue the director and authorised for issue on 14th January 2025 and were signed by:





Mr K Coleman - Director


K Coleman Ltd (Registered number: 04410758)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

K Coleman 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.

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 reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks and work in progress 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.

K Coleman Ltd (Registered number: 04410758)

Notes to the Financial Statements - continued
for the Year Ended 30th April 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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st May 2023 11,951 63,244 1,644 76,839
Additions 1,800 - - 1,800
At 30th April 2024 13,751 63,244 1,644 78,639
DEPRECIATION
At 1st May 2023 8,491 22,651 1,337 32,479
Charge for year 1,160 10,148 77 11,385
At 30th April 2024 9,651 32,799 1,414 43,864
NET BOOK VALUE
At 30th April 2024 4,100 30,445 230 34,775
At 30th April 2023 3,460 40,593 307 44,360

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,530 -
Other debtors 3,881 4,270
Directors' loan accounts 67,405 -
VAT 1,436 -
Prepayments and accrued income 14,772 25,143
97,024 29,413

K Coleman Ltd (Registered number: 04410758)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 4,035
Tax 3,815 21,428
Social security and other taxes (10,708 ) (12,675 )
VAT - 2,403
Directors' loan accounts - 2,283
Accruals and deferred income 1,950 1,953
(4,943 ) 19,427

7. ULTIMATE CONTROLLING PARTY

The company was controlled by Mr K. Coleman who is the director and a shareholder.