REGISTERED NUMBER: 09174663 (England and Wales)

Unaudited Financial Statements

for the Period 1 May 2024 to 31 December 2024

for

Michael R Collier Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M R Collier

Mrs L M Collier

P M Dodimead

REGISTERED OFFICE:

3 Dickson Way

Pewsham

Chippenham

Wiltshire

SN15 3FW

REGISTERED NUMBER:

09174663 (England and Wales)

FIXED ASSETS

Tangible assets

4

442,500

486,000

CURRENT ASSETS

Debtors

5

350,205

421,236

Prepayments and accrued income

10,779

53,896

Cash at bank

30,809

88,396

391,793

563,528

CREDITORS

Amounts falling due within one year

6

393,590

632,862

NET CURRENT LIABILITIES

(1,797

)

(69,334

)

TOTAL ASSETS LESS CURRENT LIABILITIES

440,703

416,666

CREDITORS

Amounts falling due after more than one year

7

(81,116

)

(125,301

)

PROVISIONS FOR LIABILITIES

8

(110,625

)

(81,643

)

NET ASSETS

248,962

209,722

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

9

1,880

3,380

Retained earnings

246,982

206,242

SHAREHOLDERS' FUNDS

248,962

209,722

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

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

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 Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

M R Collier - Director

1.	STATUTORY INFORMATION

Michael R Collier 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.

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

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 as modified by the revaluation of certain 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.

Tangible fixed assets

Revaluation of motor vehicles

Individual motor vehicles are revalued to fair value every year with the surplus or deficit on book value being transferred to the revaluation reserve, except that a deficit which is in excess of any previously recognised surplus over depreciated cost relating to the same vehicle, or the reversal of such a deficit, is charged (or credited) to the profit and loss account.

Taxation

Taxation for the period 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 period 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.

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 period was 14 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST OR VALUATION

At 1 May 2024

394,000

Additions

115,000

Revaluations

(66,500

)

At 31 December 2024

442,500

NET BOOK VALUE

At 31 December 2024

442,500

At 30 April 2024

394,000

If motor vehicles had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

1,004,305

889,305

Aggregated depreciation

(686,023

)

(572,083

)

Value of motor vehicles

318,278

317,222

Motor vehicles were valued on an open market basis on 31 December 2024 by the directors.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST OR VALUATION

At 1 May 2024

206,000

Additions

115,000

Revaluations

(24,000

)

At 31 December 2024

297,000

NET BOOK VALUE

At 31 December 2024

297,000

At 30 April 2024

206,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Trade debtors

350,205

421,236

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

96,164

110,210

Trade creditors

95,647

306,301

Tax

31

-

Social security and other taxes

10,180

7,854

VAT

39,435

35,874

Other creditors

1,726

4,224

Directors' current accounts

140,407

157,199

Accrued expenses

-

1,200

393,590

632,862

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2024

£

£

Bank loans - 1-2 years

7,500

10,000

Bank loans - 2-5 years

-

4,167

Hire purchase contracts

73,616

111,134

81,116

125,301

8.	PROVISIONS FOR LIABILITIES

2024

2024

£

£

Deferred tax

110,625

81,643

Deferred

tax

£

Balance at 1 May 2024

81,643

Provided during period

28,982

Balance at 31 December 2024

110,625

9.

RESERVES

Revaluation

reserve

£

At 1 May 2024

3,380

Revaluation adjustment

(1,500

)

At 31 December 2024

1,880

10.	ULTIMATE CONTROLLING PARTY

The controlling party is M R Collier.