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REGISTERED NUMBER: 14147118 (England and Wales)



































Unaudited Financial Statements

for the Period 1 April 2023 to 31 May 2024

for

SALLY COLLINS LIMITED

SALLY COLLINS LIMITED (REGISTERED NUMBER: 14147118)






Contents of the Financial Statements
for the Period 1 April 2023 to 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SALLY COLLINS LIMITED

Company Information
for the Period 1 April 2023 to 31 May 2024







DIRECTOR: Sally Collins





REGISTERED OFFICE: Wilberforce Cambers
7 - 9 Bishop Lane
KINGSTON UPON HULL
East Yorkshire
HU1 1PA





REGISTERED NUMBER: 14147118 (England and Wales)





ACCOUNTANTS: G & C Professionals Limited
trading as Graham & Company
Chartered Certified Accountants
Cleveland House
1-10 Sitwell Street
KINGSTON UPON HULL
East Yorkshire
HU8 7BE

SALLY COLLINS LIMITED (REGISTERED NUMBER: 14147118)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,861 -

CURRENT ASSETS
Stocks 5 7,004 -
Debtors 6 30,845 -
Cash at bank and in hand 3,504 100
41,353 100
CREDITORS
Amounts falling due within one year 7 40,580 -
NET CURRENT ASSETS 773 100
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,634

100

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 2,534 -
SHAREHOLDERS' FUNDS 2,634 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 19 February 2025 and were signed by:




Sally Collins - Director


SALLY COLLINS LIMITED (REGISTERED NUMBER: 14147118)

Notes to the Financial Statements
for the Period 1 April 2023 to 31 May 2024

1. STATUTORY INFORMATION

SALLY COLLINS 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on reducing balance

Stocks and work in progress
Work in progress represents the value of un-billed fees earned at the balance sheet date.

Taxation
Taxation for the period 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SALLY COLLINS LIMITED (REGISTERED NUMBER: 14147118)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 2,221
Disposals (218 )
At 31 May 2024 2,003
DEPRECIATION
Charge for period 192
Eliminated on disposal (50 )
At 31 May 2024 142
NET BOOK VALUE
At 31 May 2024 1,861

5. STOCKS
2024 2023
£    £   
Work in progress 7,004 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,787 -
Other debtors 58 -
30,845 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 25,555 -
VAT 8,405 -
Other creditors 98 -
Directors' loan accounts 1,070 -
Accrued expenses 5,452 -
40,580 -

SALLY COLLINS LIMITED (REGISTERED NUMBER: 14147118)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 May 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

Profit for the period 88,534
Dividends (86,000 )
At 31 May 2024 2,534