IRIS Accounts Production v25.1.0.734 02626061 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh026260612023-07-31026260612024-07-31026260612023-08-012024-07-31026260612022-07-31026260612022-08-012023-07-31026260612023-07-3102626061ns15:EnglandWales2023-08-012024-07-3102626061ns14:PoundSterling2023-08-012024-07-3102626061ns10:Director12023-08-012024-07-3102626061ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3102626061ns10:SmallEntities2023-08-012024-07-3102626061ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3102626061ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3102626061ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3102626061ns10:FullAccounts2023-08-012024-07-3102626061ns10:Director22023-08-012024-07-3102626061ns10:CompanySecretary12023-08-012024-07-3102626061ns10:RegisteredOffice2023-08-012024-07-3102626061ns5:CurrentFinancialInstruments2024-07-3102626061ns5:CurrentFinancialInstruments2023-07-3102626061ns5:Non-currentFinancialInstruments2024-07-3102626061ns5:Non-currentFinancialInstruments2023-07-3102626061ns5:ShareCapital2024-07-3102626061ns5:ShareCapital2023-07-3102626061ns5:RetainedEarningsAccumulatedLosses2024-07-3102626061ns5:RetainedEarningsAccumulatedLosses2023-07-3102626061ns5:PlantMachinery2023-08-012024-07-3102626061ns5:PlantMachinery2023-07-3102626061ns5:PlantMachinery2024-07-3102626061ns5:PlantMachinery2023-07-3102626061ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3102626061ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-31
REGISTERED NUMBER: 02626061 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Colchester Auto Refinishing Supplies
Limited

Colchester Auto Refinishing Supplies
Limited (Registered number: 02626061)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Colchester Auto Refinishing Supplies
Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: K H Elmes
S J Elmes





SECRETARY: S J Elmes





REGISTERED OFFICE: Unit 2 Mapledean Works
Maldon Road
Latchingdon
Essex
CM3 6LG





REGISTERED NUMBER: 02626061 (England and Wales)





ACCOUNTANTS: Xeinadin Colchester
2 Beacon End Courtyard
London Road
Stanway
Colchester
Essex
CO3 0NU

Colchester Auto Refinishing Supplies
Limited (Registered number: 02626061)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 32,445 43,260

CURRENT ASSETS
Stocks 79,726 84,752
Debtors 5 175,490 173,884
Cash in hand 72,919 87,448
328,135 346,084
CREDITORS
Amounts falling due within one year 6 286,666 300,484
NET CURRENT ASSETS 41,469 45,600
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,914

88,860

CREDITORS
Amounts falling due after more than one
year

7

-

3,587
NET ASSETS 73,914 85,273

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 73,910 85,269
73,914 85,273

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.

Colchester Auto Refinishing Supplies
Limited (Registered number: 02626061)

Balance Sheet - 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 25 April 2025 and were signed on its behalf by:





K H Elmes - Director


Colchester Auto Refinishing Supplies
Limited (Registered number: 02626061)

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

1. STATUTORY INFORMATION

Colchester Auto Refinishing Supplies 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.
Plant and machinery etc - 25% 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 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 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.

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.

Colchester Auto Refinishing Supplies
Limited (Registered number: 02626061)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 158,377
DEPRECIATION
At 1 August 2023 115,117
Charge for year 10,815
At 31 July 2024 125,932
NET BOOK VALUE
At 31 July 2024 32,445
At 31 July 2023 43,260

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 92,639 106,904
Other debtors 82,851 66,980
175,490 173,884

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 3,587 9,512
Trade creditors 118,312 171,149
Taxation and social security 19,166 14,472
Other creditors 145,601 105,351
286,666 300,484

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts - 3,587