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REGISTERED NUMBER: 07085631 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Jon Colegate Limited

Jon Colegate Limited (Registered number: 07085631)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jon Colegate Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: J D Colegate





REGISTERED OFFICE: C/O Ux Unit 16
Neepsend Triangle Business Centre
1 Burton Road
Sheffield
S3 8BW





REGISTERED NUMBER: 07085631 (England and Wales)





ACCOUNTANTS: Camplejohn Rowan
CFC House
Acorn Business Park
Woodseats Close
Sheffield
South Yorkshire
S8 0TB

Jon Colegate Limited (Registered number: 07085631)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 6,750 -
Tangible assets 5 1,240 900
7,990 900

CURRENT ASSETS
Debtors 6 15,264 19,989
Cash at bank 21,012 27,684
36,276 47,673
CREDITORS
Amounts falling due within one year 7 (27,903 ) (21,684 )
NET CURRENT ASSETS 8,373 25,989
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,363

26,889

CREDITORS
Amounts falling due after more than one
year

8

(16,284

)

(19,695

)
NET ASSETS 79 7,194

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 10 69 7,184
SHAREHOLDERS' FUNDS 79 7,194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

Jon Colegate Limited (Registered number: 07085631)

Balance Sheet - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 May 2025 and were signed by:





J D Colegate - Director


Jon Colegate Limited (Registered number: 07085631)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Jon Colegate Limited 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.

Turnover
Turnover is represented by the invoicing of IT related consultancy services.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 50% on cost

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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Jon Colegate Limited (Registered number: 07085631)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
Additions 7,500
At 30 November 2024 7,500
AMORTISATION
Amortisation for year 750
At 30 November 2024 750
NET BOOK VALUE
At 30 November 2024 6,750

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2023 3,370 116 3,276 6,762
Additions - 233 780 1,013
At 30 November 2024 3,370 349 4,056 7,775
DEPRECIATION
At 1 December 2023 2,473 113 3,276 5,862
Charge for year 224 59 390 673
At 30 November 2024 2,697 172 3,666 6,535
NET BOOK VALUE
At 30 November 2024 673 177 390 1,240
At 30 November 2023 897 3 - 900

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 6,764 16,389
Other debtors - 3,600
Prepayments and accrued income 8,500 -
15,264 19,989

Jon Colegate Limited (Registered number: 07085631)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 3,981 3,981
Trade creditors 10,150 214
Tax 7,075 9,053
Social security and other taxes 12 12
VAT 3,662 7,954
Other creditors 311 168
Directors' current accounts 2,412 2
Accrued expenses 300 300
27,903 21,684

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 16,284 19,695

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
10 Ordinary £1 10 10

10. RESERVES
Retained
earnings
£   

At 1 December 2023 7,184
Profit for the year 23,165
Dividends (30,280 )
At 30 November 2024 69

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £30,280 were paid to the director .

12. ULTIMATE CONTROLLING PARTY

The controlling party is J D Colegate.

The ultimate controlling party is J D Colegate.