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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
Directors Mr S Collings
Mrs C Collings
Company number 11971713
Registered office 40 The Old Wharf
Oreston
Plymouth
PL9 7NP
Business address 40 The Old Wharf
Oreston
Plymouth
PL9 7NP
Accountants Franklins Accountants LLP
Astor House
2 Alexandra Road
Mutley Plain
Plymouth
PL4 7JR
Collings & Sons Logistics Ltd
Statement of financial position
30 April 2024
2024 2023
£ £ £ £
Fixed assets 9,950 8,102
_______ _______
Current assets 27,108 22,537
Prepayments and accrued income - 1
_______ _______
27,108 22,538
Creditors: amounts falling due within one year ( 24,209) ( 16,834)
_______ _______
Net current assets 2,899 5,704
_______ _______
Total assets less current liabilities 12,849 13,806
Creditors: amounts falling due after more than one year ( 13,164) ( 15,214)
Accruals and deferred income ( 396) -
_______ _______
Net liabilities ( 711) ( 1,408)
_______ _______
Capital and reserves ( 711) ( 1,408)
_______ _______
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
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr S Collings 9,507 8,675 ( 9,550) 8,632
Mrs C Collings 9,507 8,675 ( 9,550) 8,632
_______ _______ _______ _______
19,014 17,350 ( 19,100) 17,264
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr S Collings 9,048 10,459 ( 10,000) 9,507
Mrs C Collings 9,048 10,459 ( 10,000) 9,507
_______ _______ _______ _______
18,096 20,918 ( 20,000) 19,014
_______ _______ _______ _______
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:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- 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.