1 01/04/2024 31/03/2025 2025-03-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2024-04-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 14297495 2024-04-01 2025-03-31 14297495 2025-03-31 14297495 2024-03-31 14297495 2023-04-01 2024-03-31 14297495 2024-03-31 14297495 2023-03-31 14297495 core:OnerousContractsExcludingVacantProperties 2024-04-01 2025-03-31 14297495 bus:RegisteredOffice 2024-04-01 2025-03-31 14297495 bus:LeadAgentIfApplicable 2024-04-01 2025-03-31 14297495 bus:Director1 2024-04-01 2025-03-31 14297495 core:WithinOneYear 2025-03-31 14297495 core:WithinOneYear 2024-03-31 14297495 core:ShareCapital 2025-03-31 14297495 core:ShareCapital 2024-03-31 14297495 core:RetainedEarningsAccumulatedLosses 2025-03-31 14297495 core:RetainedEarningsAccumulatedLosses 2024-03-31 14297495 bus:Director1 2024-03-31 14297495 bus:Director1 2025-03-31 14297495 bus:Director1 2023-03-31 14297495 bus:Director1 2024-03-31 14297495 bus:Director1 2023-04-01 2024-03-31 14297495 bus:SmallEntities 2024-04-01 2025-03-31 14297495 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 14297495 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 14297495 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14297495 bus:FullAccounts 2024-04-01 2025-03-31 14297495 core:ComputerEquipment 2024-04-01 2025-03-31 14297495 core:ComputerEquipment 2025-03-31 14297495 core:ComputerEquipment 2024-03-31
Company registration number: 14297495
Rachel Collins Limited
Unaudited filleted financial statements
31 March 2025
Rachel Collins Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Rachel Collins Limited
Directors and other information
Director Rachel Collins
Company number 14297495
Registered office Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
Accountants Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
Rachel Collins Limited
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of Rachel Collins Limited
Year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rachel Collins Limited for the year ended 31 March 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Rachel Collins Limited, as a body, in accordance with the terms of our engagement letter dated 7 June 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Rachel Collins Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rachel Collins Limited and its director as a body for our work or for this report.
It is your duty to ensure that Rachel Collins Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rachel Collins Limited. You consider that Rachel Collins Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Rachel Collins Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
9 May 2025
Rachel Collins Limited
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 270 520
_______ _______
270 520
Current assets
Debtors 6 51,456 39,360
Cash at bank and in hand 41,175 46,533
_______ _______
92,631 85,893
Creditors: amounts falling due
within one year 7 ( 87,831) ( 81,331)
_______ _______
Net current assets 4,800 4,562
_______ _______
Total assets less current liabilities 5,070 5,082
_______ _______
Net assets 5,070 5,082
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 5,069 5,081
_______ _______
Shareholders funds 5,070 5,082
_______ _______
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 director acknowledges their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 09 May 2025 , and are signed on behalf of the board by:
Rachel Collins
Director
Company registration number: 14297495
Rachel Collins Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Vaughan Chambers, Vaughan Road, Harpenden, AL5 4EE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment - 33 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
5. Tangible assets
Computer equipment Total
£ £
Cost
At 1 April 2024 and 31 March 2025 749 749
_______ _______
Depreciation
At 1 April 2024 229 229
Charge for the year 250 250
_______ _______
At 31 March 2025 479 479
_______ _______
Carrying amount
At 31 March 2025 270 270
_______ _______
At 31 March 2024 520 520
_______ _______
6. Debtors
2025 2024
£ £
Trade debtors 51,456 39,360
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 186 158
Corporation tax 27,054 28,684
Social security and other taxes 12,187 6,342
Other creditors 48,404 46,147
_______ _______
87,831 81,331
_______ _______
8. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2025
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Rachel Collins ( 44,672) ( 112,885) 110,198 ( 47,359)
_______ _______ _______ _______
2024
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Rachel Collins ( 35,671) ( 112,383) 103,382 ( 44,672)
_______ _______ _______ _______