Company registration number:
11971713
Collings & Sons Logistics Ltd
Unaudited filleted financial statements
30 April 2024
Collings & Sons Logistics Ltd
Contents
Directors and other information
Statement of financial position and notes to the financial statements
Collings & Sons Logistics Ltd
Directors and other information
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Directors |
Mr S Collings |
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Mrs C Collings |
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Company number |
11971713 |
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Registered office |
40 The Old Wharf |
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Oreston |
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Plymouth |
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PL9 7NP |
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Business address |
40 The Old Wharf |
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Oreston |
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Plymouth |
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PL9 7NP |
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Accountants |
Franklins Accountants LLP |
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Astor House |
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2 Alexandra Road |
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Mutley Plain |
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Plymouth |
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PL4 7JR |
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Collings & Sons Logistics Ltd
Statement of financial position
30 April 2024
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2024 |
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2023 |
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£ |
£ |
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£ |
£ |
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Fixed assets |
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9,950 |
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8,102 |
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_______ |
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_______ |
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Current assets |
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27,108 |
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22,537 |
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Prepayments and accrued income |
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- |
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1 |
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_______ |
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_______ |
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27,108 |
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22,538 |
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Creditors: amounts falling due within one year |
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(
24,209) |
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(
16,834) |
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_______ |
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_______ |
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Net current assets |
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2,899 |
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5,704 |
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_______ |
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_______ |
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Total assets less current liabilities |
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12,849 |
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13,806 |
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Creditors: amounts falling due after more than one year |
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(
13,164) |
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(
15,214) |
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Accruals and deferred income |
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(
396) |
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- |
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_______ |
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_______ |
Net liabilities |
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(
711) |
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(
1,408) |
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_______ |
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_______ |
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Capital and reserves |
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(
711) |
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(
1,408) |
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_______ |
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_______ |
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Notes to the financial statements
Collings & Sons Logistics Ltd
Year ended 30 April 2024
1.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
2.
Directors advances, credits and guarantees
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During the year the directors entered into the following advances and credits with the company: |
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2024 |
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Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
£ |
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Mr S Collings |
9,507 |
8,675 |
(
9,550) |
8,632 |
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Mrs C Collings |
9,507 |
8,675 |
(
9,550) |
8,632 |
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_______ |
_______ |
_______ |
_______ |
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19,014 |
17,350 |
(
19,100) |
17,264 |
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_______ |
_______ |
_______ |
_______ |
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2023 |
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Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
£ |
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Mr S Collings |
9,048 |
10,459 |
(
10,000) |
9,507 |
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Mrs C Collings |
9,048 |
10,459 |
(
10,000) |
9,507 |
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_______ |
_______ |
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_______ |
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18,096 |
20,918 |
(
20,000) |
19,014 |
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_______ |
_______ |
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At the year end the directors owed the company £17,263.44. This loan is interest free and will be repaid within 9 months of the year end.
3.
Dividends
During the year the directors expected there to be sufficient distributable reserves to declare the £19,100 total dividend. On finalising the financial accounts for the year end the dividend is in excess of the available profit and retained earnings. The shareholders/directors appreciate that this is an illegal dividend and is repayable if shareholders funds remain at a deficit.
4.
Going Concern
During the year the company made a profit of £19,797 and has net liabilities of £711. The directors are of the opinion that the company is a going concern and have produced accounts on this basis.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
17 December 2024
, and are signed on behalf of the board by:
Mr S Collings
Director
Company registration number:
11971713
The company is a private company limited by shares, registered in England.