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REGISTERED NUMBER: 02978255 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

COLERIDGE (UK) LIMITED

COLERIDGE (UK) LIMITED (REGISTERED NUMBER: 02978255)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


COLERIDGE (UK) LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Daljit Singh
Gobinder Singh
Kirpal Singh Nandera
Amarjit Kaur Nandera
Baljinder Kaur Nandera





SECRETARY: Gobinder Singh





REGISTERED OFFICE: 32-34 Sampson Road North
Birmingham
West Midlands
B11 1BL





REGISTERED NUMBER: 02978255 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

COLERIDGE (UK) LIMITED (REGISTERED NUMBER: 02978255)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 60,104 58,267

CURRENT ASSETS
Stocks 5 640,581 928,069
Debtors 6 950,325 833,899
Cash at bank and in hand 1,265,806 1,265,257
2,856,712 3,027,225
CREDITORS
Amounts falling due within one year 7 506,928 718,934
NET CURRENT ASSETS 2,349,784 2,308,291
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,409,888

2,366,558

CREDITORS
Amounts falling due after more than one year 8 - 240,935
NET ASSETS 2,409,888 2,125,623

CAPITAL AND RESERVES
Called up share capital 11 1,002 1,002
Retained earnings 12 2,408,886 2,124,621
SHAREHOLDERS' FUNDS 2,409,888 2,125,623

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

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

The directors acknowledge their 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.

COLERIDGE (UK) LIMITED (REGISTERED NUMBER: 02978255)

Statement of Financial Position - continued
31 July 2024


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 Board of Directors and authorised for issue on 10 April 2025 and were signed on its behalf by:





Daljit Singh - Director


COLERIDGE (UK) LIMITED (REGISTERED NUMBER: 02978255)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Coleridge (UK) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

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.

COLERIDGE (UK) LIMITED (REGISTERED NUMBER: 02978255)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Current asset investments
The current assets investments are included at market value in the balance sheet. Gain or loss on investments has been recognised in profit and loss account.

Holiday pay
Holiday pay is recognised as an expense in the period in which the service is received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 August 2023 27,021 92,227 160,928 280,176
Additions - - 11,994 11,994
At 31 July 2024 27,021 92,227 172,922 292,170
DEPRECIATION
At 1 August 2023 17,787 91,449 112,673 221,909
Charge for year 924 195 9,038 10,157
At 31 July 2024 18,711 91,644 121,711 232,066
NET BOOK VALUE
At 31 July 2024 8,310 583 51,211 60,104
At 31 July 2023 9,234 778 48,255 58,267

5. STOCKS
2024 2023
£    £   
Stocks 640,581 928,069

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 307,874 374,063
Other debtors 521,291 293,513
Deferred tax asset 82,195 84,091
Prepayments 38,965 82,232
950,325 833,899

COLERIDGE (UK) LIMITED (REGISTERED NUMBER: 02978255)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) - 69,385
Trade creditors 187,113 43,621
Corporation tax 119,751 210,859
Social security and other taxes 4,943 3,901
VAT 96,056 131,046
Other creditors 859 790
Directors' current accounts 73,488 191,390
Accrued expenses 24,718 67,942
506,928 718,934

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) - 240,935

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans - 69,385

Amounts falling due between one and two years:
Bank loans - 1-2 years - 69,385

Amounts falling due between two and five years:
Bank loans - 2-5 years - 171,550

10. DEFERRED TAX
£   
Balance at 1 August 2023 (84,091 )
Provided during year 1,896
Balance at 31 July 2024 (82,195 )

COLERIDGE (UK) LIMITED (REGISTERED NUMBER: 02978255)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
996 Ordinary A £1 996 996
2 Ordinary B £1 2 2
2 Ordinary C £1 2 2
2 Ordinary D £1 2 2
1,002 1,002

Each share of each class has one voting right and equal rights to dividends and distributions.

12. RESERVES
Retained
earnings
£   

At 1 August 2023 2,124,621
Profit for the year 359,365
Dividends (75,100 )
At 31 July 2024 2,408,886

13. RELATED PARTY DISCLOSURES

During the year, the company was charged management charges of £350,000 and rent of £22,600 by its associated company Berkshire Estates Limited which is registered in England and Wales under company number 04253652.