Company registration number 14618382 (England and Wales)
Collins Utility Services Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 January 2025
PAGES FOR FILING WITH REGISTRAR
Collins Utility Services Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Collins Utility Services Ltd
Statement Of Financial Position
as at 31 January 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,279
1,977
Current assets
Debtors
44,086
23,097
Cash at bank and in hand
11,519
2,255
55,605
25,352
Creditors: amounts falling due within one year
(20,877)
(12,165)
Net current assets
34,728
13,187
Net assets
37,007
15,164
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
37,005
15,162
Total equity
37,007
15,164
For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 6 May 2025 and are signed on its behalf by:
P Collins
Director
Company registration number 14618382 (England and Wales)
Collins Utility Services Ltd
Notes to the financial statements
for the year ended 31 January 2025
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
15% Reducing Balance
Computers
15% Reducing Balance
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
2
2
Collins Utility Services Ltd
Notes to the financial statements (continued)
for the year ended 31 January 2025
- 3 -
3
Tangible fixed assets
Plant and equipment
Computers
Total
£
£
£
Cost
At 1 February 2024
2,260
2,260
Additions
666
666
At 31 January 2025
2,260
666
2,926
Depreciation and impairment
At 1 February 2024
283
283
Depreciation charged in the year
297
67
364
At 31 January 2025
580
67
647
Carrying amount
At 31 January 2025
1,680
599
2,279
At 31 January 2024
1,977
1,977
4
Company information
Collins Utility Services Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 5 Gosside Grove, Normanton, West Yorkshire, WF6 1US.