COLAYNE LIMITED
Registered number: 02127454
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 40,701 41,112
Current assets
Debtors 4 - 3,000
Cash at bank and in hand 11,028 9,113
11,028 12,113
Creditors: amounts falling due within one year 5 (2,880) (2,874)
Net current assets 8,148 9,239
Net assets 48,849 50,351
Capital and reserves
Called up share capital 2 2
Profit and loss account 48,847 50,349
Shareholder's funds 48,849 50,351
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P H Davis
Director
Approved by the board on 10 January 2025
COLAYNE LIMITED
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Buildings 1% reducing balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 October 2023 43,885
At 30 September 2024 43,885
Depreciation
At 1 October 2023 2,773
Charge for the year 411
At 30 September 2024 3,184
Net book value
At 30 September 2024 40,701
At 30 September 2023 41,112
4 Debtors 2024 2023
£ £
Other debtors - 3,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 1,387 1,387
Other creditors 1,493 1,487
2,880 2,874
6 Other information
COLAYNE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
1/2 CLARENDON COURT
OVER WALLOP
STOCKBRIDGE
HAMPSHIRE
SO20 8HU
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