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REGISTERED NUMBER: NI057653 (Northern Ireland)















COLTON CONCRETE LIMITED

Unaudited Financial Statements for the Year Ended 31 January 2025






COLTON CONCRETE LIMITED (REGISTERED NUMBER: NI057653)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


COLTON CONCRETE LIMITED

Company Information
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTOR: M Colton





REGISTERED OFFICE: 193 Clanabogan Road
Omagh
Co. Tyrone
BT78 1TL





REGISTERED NUMBER: NI057653 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Colton Concrete Limited

The following reproduces the text of the report prepared for the director in respect of the Company's annual unaudited financial statements. In accordance with the Companies Act 2006, the Company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Director's Report are not required to be filed with the Registrar of Companies.


In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the Company for the year ended 31 January 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's director, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's director that we have done so, and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's director, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Statement of Financial Position as at 31 January 2025 your duty to ensure that the Company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the Company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. 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 financial statements.






CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP


29 April 2025

COLTON CONCRETE LIMITED (REGISTERED NUMBER: NI057653)

Statement of Financial Position
31 JANUARY 2025

2025 2024
Notes £ £
NON-CURRENT ASSETS
Property, plant and equipment 5 744,913 745,276

CURRENT ASSETS
Inventories 6 346,502 353,342
Receivables 7 164,060 242,941
Cash at bank and in hand 113,816 65,553
624,378 661,836
PAYABLES
Amounts falling due within one year 8 (353,866 ) (401,618 )
NET CURRENT ASSETS 270,512 260,218
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,015,425

1,005,494

PAYABLES
Amounts falling due after more than
one year

9

(3,233

)

(13,355

)

PROVISIONS FOR LIABILITIES (158,412 ) (158,412 )

GOVERNMENT GRANTS (58,712 ) (67,485 )
NET ASSETS 795,068 766,242

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 795,066 766,240
SHAREHOLDERS' FUNDS 795,068 766,242

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

COLTON CONCRETE LIMITED (REGISTERED NUMBER: NI057653)

Statement of Financial Position - continued
31 JANUARY 2025


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 director and authorised for issue on 29 April 2025 and were signed by:





M Colton - Director


COLTON CONCRETE LIMITED (REGISTERED NUMBER: NI057653)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Colton Concrete Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

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

Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Freehold propertyNot depreciated
Plant and machinery13% Reducing balance
Fixture and fittings25% Reducing balance
Motor vehicles25% Reducing balance

The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

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 Income Statement in the period to which they relate.

COLTON CONCRETE LIMITED (REGISTERED NUMBER: NI057653)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2025

3. ACCOUNTING POLICIES - continued

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Ordinary share capital
The ordinary share capital of the company is presented as equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 8 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1 February 2024 40,709 1,835,341 73,056 33,097 1,982,203
Additions 6,800 95,585 - - 102,385
At 31 January 2025 47,509 1,930,926 73,056 33,097 2,084,588
DEPRECIATION
At 1 February 2024 - 1,174,536 36,266 26,125 1,236,927
Charge for year - 91,807 9,198 1,743 102,748
At 31 January 2025 - 1,266,343 45,464 27,868 1,339,675
NET BOOK VALUE
At 31 January 2025 47,509 664,583 27,592 5,229 744,913
At 31 January 2024 40,709 660,805 36,790 6,972 745,276

6. INVENTORIES
2025 2024
£ £
Finished goods 346,502 353,342

7. RECEIVABLES
2025 2024
£ £
Trade receivables 145,602 175,605
Other receivables 14,842 61,369
Prepayments 3,616 5,967
164,060 242,941

COLTON CONCRETE LIMITED (REGISTERED NUMBER: NI057653)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2025

8. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Bank loans and overdrafts 10,648 10,649
Trade payables 58,734 34,803
Taxation and social security 36,938 37,006
Other payables 247,546 319,160
353,866 401,618

9. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2025 2024
£ £
Bank loans 3,233 13,355

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
2 Ordinary 1 2 2