Registered number
06922103
A & D Colyer & Sons Limited
Unaudited Filleted Accounts
30 June 2024
A & D Colyer & Sons Limited
Registered number: 06922103
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 14,280 17,348
Current assets
Debtors 4 2,764 1,049
Cash at bank and in hand 20,711 76,727
23,475 77,776
Creditors: amounts falling due within one year 5 (19,486) (60,691)
Net current assets 3,989 17,085
Total assets less current liabilities 18,269 34,433
Creditors: amounts falling due after more than one year 6 (15,743) (24,480)
Provisions for liabilities (2,510) (3,092)
Net assets 16 6,861
Capital and reserves
Called up share capital 4 4
Profit and loss account 12 6,857
Shareholders' funds 16 6,861
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 members have 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.
D Colyer
Director
Approved by the board on 17 March 2025
A & D Colyer & Sons Limited
Notes to the Accounts
for the year ended 30 June 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.
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:
Motor Vehicles 25% Reducing balance basis
Plant and machinery 25% Reducing balance basis
Fixtures, fittings, tools and equipment 25% Reducing balance basis
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 10,298 35,235 45,533
Additions 534 - 534
At 30 June 2024 10,832 35,235 46,067
Depreciation
At 1 July 2023 7,815 20,370 28,185
Charge for the year 629 2,973 3,602
At 30 June 2024 8,444 23,343 31,787
Net book value
At 30 June 2024 2,388 11,892 14,280
At 30 June 2023 2,483 14,865 17,348
4 Debtors 2024 2023
£ £
Trade debtors 2,764 1,049
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,673 6,673
Obligations under finance lease and hire purchase contracts 4,569 4,569
Trade creditors 977 45,086
Taxation and social security costs 5,665 2,783
Other creditors 1,602 1,580
19,486 60,691
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,935 16,103
Obligations under finance lease and hire purchase contracts 3,808 8,377
15,743 24,480
7 Other information
A & D Colyer & Sons Limited is a private company limited by shares and incorporated in England. Its registered office is:
10 Dove Lane
Chelmsford
Essex
CM2 8AX
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