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Company Registration No. 06479166 (England and Wales)
Neil Collins Projects Limited Unaudited accounts for the year ended 31 January 2025
Neil Collins Projects Limited Unaudited accounts Contents
Page
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Neil Collins Projects Limited Company Information for the year ended 31 January 2025
Director
Neil James Collins
Company Number
06479166 (England and Wales)
Registered Office
2 Bath Mews Bath Parade Cheltenham Gloucestershire GL53 7HL ENGLAND
Accountants
Louise Newman and co Ltd 2 Bath Mews Bath Parade Cheltenham Gloucestershire GL53 7HL
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Neil Collins Projects Limited Statement of financial position as at 31 January 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,006 
2,977 
Current assets
Debtors
10,433 
13,413 
Cash at bank and in hand
2,897 
4,338 
13,330 
17,751 
Creditors: amounts falling due within one year
(27,118)
(23,826)
Net current liabilities
(13,788)
(6,075)
Total assets less current liabilities
(7,782)
(3,098)
Creditors: amounts falling due after more than one year
21,727 
14,004 
Net assets
13,945 
10,906 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
13,943 
10,904 
Shareholders' funds
13,945 
10,906 
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 June 2025 and were signed on its behalf by
Neil James Collins Director Company Registration No. 06479166
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Neil Collins Projects Limited Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Neil Collins Projects Limited is a private company, limited by shares, registered in England and Wales, registration number 06479166. The registered office is 2 Bath Mews, Bath Parade, Cheltenham, Gloucestershire, GL53 7HL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% Reducing Balance
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Neil Collins Projects Limited Notes to the Accounts for the year ended 31 January 2025
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2024
- 
3,630 
3,630 
Additions
4,348 
- 
4,348 
At 31 January 2025
4,348 
3,630 
7,978 
Depreciation
At 1 February 2024
- 
653 
653 
Charge for the year
783 
536 
1,319 
At 31 January 2025
783 
1,189 
1,972 
Net book value
At 31 January 2025
3,565 
2,441 
6,006 
At 31 January 2024
- 
2,977 
2,977 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,433 
13,413 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
8,156 
5,211 
Taxes and social security
17,481 
17,187 
Accruals
1,481 
1,428 
27,118 
23,826 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Loans from directors
(21,727)
(14,004)
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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