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REGISTERED NUMBER: 03070274 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

COLBRAN AND WINGROVE LTD

COLBRAN AND WINGROVE LTD (REGISTERED NUMBER: 03070274)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COLBRAN AND WINGROVE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: R S Colbran
M Tonks
J Colbran





SECRETARY: J Colbran





REGISTERED OFFICE: 30-34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 03070274 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

COLBRAN AND WINGROVE LTD (REGISTERED NUMBER: 03070274)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 90,409 97,326

CURRENT ASSETS
Debtors 5 272,943 107,329
Cash at bank and in hand 260,534 548,202
533,477 655,531
CREDITORS
Amounts falling due within one year 6 (279,527 ) (381,109 )
NET CURRENT ASSETS 253,950 274,422
TOTAL ASSETS LESS CURRENT
LIABILITIES

344,359

371,748

CREDITORS
Amounts falling due after more than one
year

7

(12,837

)

(18,890

)

PROVISIONS FOR LIABILITIES (21,821 ) (23,550 )
NET ASSETS 309,701 329,308

CAPITAL AND RESERVES
Called up share capital 9 104 104
Retained earnings 309,597 329,204
SHAREHOLDERS' FUNDS 309,701 329,308

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

COLBRAN AND WINGROVE LTD (REGISTERED NUMBER: 03070274)

BALANCE SHEET - continued
31 OCTOBER 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:





R S Colbran - Director


COLBRAN AND WINGROVE LTD (REGISTERED NUMBER: 03070274)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Colbran and Wingrove Ltd 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.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements have had to be made by management in preparing these financial statements.

There were no key assumptions made concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

COLBRAN AND WINGROVE LTD (REGISTERED NUMBER: 03070274)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 6,541 15,410 175,374 14,849 212,174
Additions - - 19,900 - 19,900
Disposals - - (8,620 ) - (8,620 )
At 31 October 2024 6,541 15,410 186,654 14,849 223,454
DEPRECIATION
At 1 November 2023 4,805 13,265 87,757 9,021 114,848
Charge for year 347 428 23,087 2,125 25,987
Eliminated on disposal - - (7,790 ) - (7,790 )
At 31 October 2024 5,152 13,693 103,054 11,146 133,045
NET BOOK VALUE
At 31 October 2024 1,389 1,717 83,600 3,703 90,409
At 31 October 2023 1,736 2,145 87,617 5,828 97,326

COLBRAN AND WINGROVE LTD (REGISTERED NUMBER: 03070274)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023 65,031
Additions 19,900
At 31 October 2024 84,931
DEPRECIATION
At 1 November 2023 26,421
Charge for year 10,898
At 31 October 2024 37,319
NET BOOK VALUE
At 31 October 2024 47,612
At 31 October 2023 38,610

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 253,921 91,536
Other debtors 5,500 5,500
Prepayments 13,522 10,293
272,943 107,329

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,160 10,127
Hire purchase contracts (see note 8) 5,503 6,273
Trade creditors 114,846 137,363
Tax 23,152 88,709
Social security and other taxes 14,875 16,514
VAT 60,136 72,919
Other creditors 33,475 24,174
Directors' current accounts 15,380 15,380
Accrued expenses 2,000 9,650
279,527 381,109

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,506 10,383
Bank loans - 2-5 years - 6,159
Hire purchase contracts (see note 8) 6,331 2,348
12,837 18,890

COLBRAN AND WINGROVE LTD (REGISTERED NUMBER: 03070274)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 5,503 6,273
Between one and five years 6,331 2,348
11,834 8,621

Non-cancellable operating leases
2024 2023
£    £   
Within one year 4,694 7,041
Between one and five years - 4,694
4,694 11,735

Operating lease relates to vehicle GX22 HYS which started on 9 July 2022 for 36 months.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
104 104