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REGISTERED NUMBER: 04406680 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

W.S Cole & Son Limited

W.S Cole & Son Limited (Registered number: 04406680)

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

Report of the Accountants 7

W.S Cole & Son Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: J S Cole
Mrs N P Cole





SECRETARY: Mrs N P Cole





REGISTERED OFFICE: 99 Canterbury Road
Whitstable
Kent
CT5 4HG





REGISTERED NUMBER: 04406680 (England and Wales)





ACCOUNTANTS: MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG

W.S Cole & Son Limited (Registered number: 04406680)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 449,192 196,249
449,192 196,249

CURRENT ASSETS
Stocks 60,636 82,201
Debtors 6 96,606 116,914
Cash at bank and in hand 208,553 419,704
365,795 618,819
CREDITORS
Amounts falling due within one year 7 53,430 63,915
NET CURRENT ASSETS 312,365 554,904
TOTAL ASSETS LESS CURRENT
LIABILITIES

761,557

751,153

CREDITORS
Amounts falling due after more than one
year

8

(33,854

)

(65,104

)

PROVISIONS FOR LIABILITIES (9,386 ) (9,772 )
NET ASSETS 718,317 676,277

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 718,313 676,273
SHAREHOLDERS' FUNDS 718,317 676,277

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.

W.S Cole & Son Limited (Registered number: 04406680)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





J S Cole - Director


W.S Cole & Son Limited (Registered number: 04406680)

Notes to the Financial Statements
for the year ended 31 March 2024


1. STATUTORY INFORMATION

W.S Cole & Son 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance and 15% on reducing balance

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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 5 ) .

W.S Cole & Son Limited (Registered number: 04406680)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 8,000
AMORTISATION
At 1 April 2023
and 31 March 2024 8,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 - 371,543 371,543
Additions 256,241 18,000 274,241
At 31 March 2024 256,241 389,543 645,784
DEPRECIATION
At 1 April 2023 - 175,294 175,294
Charge for year - 21,298 21,298
At 31 March 2024 - 196,592 196,592
NET BOOK VALUE
At 31 March 2024 256,241 192,951 449,192
At 31 March 2023 - 196,249 196,249

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 87,349 107,979
Other debtors 9,257 8,935
96,606 116,914

W.S Cole & Son Limited (Registered number: 04406680)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 31,250 31,250
Trade creditors - 1
Taxation and social security 20,663 31,330
Other creditors 1,517 1,334
53,430 63,915

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 33,854 65,104

W.S Cole & Son Limited

Report of the Accountants to the Directors of
W.S Cole & Son Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG


20 January 2025