Registered number
11935711
COLLATION HOLDING LIMITED
Filleted Accounts
30 April 2024
COLLATION HOLDING LIMITED
Registered number: 11935711
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Current assets
Stocks 19,433 18,632
Debtors 3 10,312 5,488
Cash at bank and in hand 44,288 55,997
74,033 80,117
Creditors: amounts falling due within one year 4 (23,444) (23,027)
Net current assets 50,589 57,090
Total assets less current liabilities 50,589 57,090
Creditors: amounts falling due after more than one year 5 (13,259) (20,713)
Provisions for liabilities - -
Net assets 37,330 36,377
Capital and reserves
Called up share capital 1 1
Share premium - -
Revaluation reserve - -
Profit and loss account 37,329 36,376
Shareholder's funds 37,330 36,377
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.
Mrs Rubi Hao
Director
Approved by the board on 1 January 2025
COLLATION HOLDING LIMITED
Notes to the Accounts
for the year ended 30 April 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 (as applied to small entities by section 1A of the standard).
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 3
3 Debtors 2024 2023
£ £
Trade debtors 10,312 5,488
10,312 5,488
Amounts due after more than one year included above - -
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 8,688 9,017
Taxation and social security costs 14,880 14,009
Other creditors (124) 1
23,444 23,027
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,259 20,713
13,259 20,713
6 Other information
COLLATION HOLDING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
9 Collaton Road
Torquay
England
TQ2 7HH
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