2023-04-01 2024-03-31 false Capium Accounts Production 1.1 03734950 2023-04-01 2024-03-31 03734950 bus:FullAccounts 2023-04-01 2024-03-31 03734950 bus:FRS102 2023-04-01 2024-03-31 03734950 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 03734950 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03734950 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03734950 2023-04-01 2024-03-31 03734950 2024-03-31 03734950 bus:RegisteredOffice 2023-04-01 2024-03-31 03734950 core:WithinOneYear 2024-03-31 03734950 core:AfterOneYear 2024-03-31 03734950 1 2023-04-01 2024-03-31 03734950 bus:Director1 2023-04-01 2024-03-31 03734950 bus:Director1 2024-03-31 03734950 bus:Director1 2022-04-01 2023-03-31 03734950 2022-04-01 03734950 bus:CompanySecretary1 2023-04-01 2024-03-31 03734950 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 03734950 2022-04-01 2023-03-31 03734950 2023-03-31 03734950 core:WithinOneYear 2023-03-31 03734950 core:AfterOneYear 2023-03-31 03734950 bus:EntityAccountantsOrAuditors 2022-04-01 2023-03-31 03734950 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 03734950 bus:OrdinaryShareClass1 2024-03-31 03734950 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 03734950 bus:OrdinaryShareClass1 2023-03-31 03734950 core:PlantMachinery 2023-04-01 2024-03-31 03734950 core:PlantMachinery 2024-03-31 03734950 core:PlantMachinery 2023-03-31 03734950 core:MotorCars 2023-04-01 2024-03-31 03734950 core:MotorCars 2024-03-31 03734950 core:MotorCars 2023-03-31 03734950 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-03-31 03734950 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-03-31 03734950 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 03734950 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 03734950 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-03-31 03734950 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 03734950 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 03734950 core:Non-currentFinancialInstruments 2024-03-31 03734950 core:Non-currentFinancialInstruments 2023-03-31 03734950 core:ShareCapital 2024-03-31 03734950 core:ShareCapital 2023-03-31 03734950 core:RetainedEarningsAccumulatedLosses 2024-03-31 03734950 core:RetainedEarningsAccumulatedLosses 2023-03-31 03734950 dpl:Item1 2023-04-01 03734950 dpl:Item1 2024-03-31 03734950 dpl:Item1 2022-04-01 03734950 dpl:Item1 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 03734950
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 March 2024

for

COLES & ASSOCIATES LTD

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 9,907    13,574 
9,907    13,574 
Current assets      
Debtors 5 6,849    5,722 
Cash at bank and in hand 1,526    1,447 
8,375    7,169 
Creditors: amount falling due within one year 6 (6,347)   (4,690)
Net current assets 2,028    2,479 
 
Total assets less current liabilities 11,935    16,053 
Creditors: amount falling due after more than one year 7 (3,500)   (6,500)
Provisions for liabilities 8 (1,882)   (2,579)
Net assets 6,553    6,974 
 

Capital and reserves
     
Called up share capital 9 2    2 
Profit and loss account 6,551    6,972 
Shareholders' funds 6,553    6,974 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 26 March 2025 and were signed by:


-------------------------------
Windsor Spencer Coles
Director
1
General Information
Coles & Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 03734950, registration address 21 Castan Road, Pontyclun, Rhondda Cynon Taff, CF72 9EH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company's liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current tax assets and liabilities are not discounted.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery 25% Straight Line
Motor Vehicles 20% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 3 (2023 : 4).
3.

Indebtedness

Creditors include bank loans, overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £6,500 (2023 - £9,500).

4.

Tangible fixed assets

Cost or valuation Plant and machinery   Motor Vehicles   Total
  £   £   £
At 01 April 2023 14,604    27,300    41,904 
Additions    
Disposals    
At 31 March 2024 14,604    27,300    41,904 
Depreciation
At 01 April 2023 6,757    21,573    28,330 
Charge for year 2,522    1,145    3,667 
On disposals    
At 31 March 2024 9,279    22,718    31,997 
Net book values
Closing balance as at 31 March 2024 5,325    4,582    9,907 
Opening balance as at 01 April 2023 7,847    5,727    13,574 


5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 4,975    2,963 
Other Debtors 1,874    2,759 
6,849    5,722 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 124    41 
Bank Loans & Overdrafts 3,000    3,000 
Taxation and Social Security 1,497    100 
Other Creditors 1,726    1,549 
6,347    4,690 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Other Creditors 3,500    6,500 
3,500    6,500 

8.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 2,579    2,579 
Charged to Profit & Loss (697)  
1,882    2,579 

9.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
2 Ordinary shares of £1.00 each  
 

10.

Advances and Credits



Mr Windsor Spencer Coles
Interest free loan account

Current year (2024)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
Mr Windsor Spencer Coles1,335 1,335 
1335001335000
Previous year (2023)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
Mr Windsor Spencer Coles2,071 1,789 2,525 1,335 
2071178902525001335
2