REGISTERED NUMBER: 05322234 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

COLLIER & DOBSON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

8

DIRECTOR:

Mr P M B Collier

REGISTERED OFFICE:

Unit 6 Fordingbridge Business Park

Off Ashford Road

Fordingbridge

SP6 1BZ

REGISTERED NUMBER:

05322234 (England and Wales)

ACCOUNTANTS:

Rothmans LLP

Bridge House

Unit 6 Pullman Business Park

Pullman Way

Ringwood

Hampshire

BH24 1EX

FIXED ASSETS

Tangible assets

4

27,491

87,719

CURRENT ASSETS

Stocks

134,505

135,829

Debtors

5

63,654

169,609

Cash at bank and in hand

13

106,721

198,172

412,159

CREDITORS

Amounts falling due within one year

6

184,240

322,289

NET CURRENT ASSETS

13,932

89,870

TOTAL ASSETS LESS CURRENT LIABILITIES

41,423

177,589

CREDITORS

Amounts falling due after more than one year

7

(35,640

)

(98,035

)

PROVISIONS FOR LIABILITIES

(1,238

)

(12,505

)

NET ASSETS

4,545

67,049

CAPITAL AND RESERVES

Called up share capital

10

10

Share premium

9

997

997

Capital redemption reserve

9

1

1

Retained earnings

9

3,537

66,041

SHAREHOLDERS' FUNDS

4,545

67,049

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

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

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 2 September 2025 and were signed by:

Mr P M B Collier - Director

1.	STATUTORY INFORMATION

Collier & Dobson 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.

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.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable for the sale of fine art, furnishings and prints.

Revenue from fine art, furnishings and print sales made in the company's retail outlets is recognised once the goods have been paid for and removed from the shop at which time the risks and rewards associated with the goods transfer to the customer.

Revenue from fine art and print sales made at exhibitions is recognised once an order has been placed and a deposit paid at which time the risks and rewards associated with the goods transfer to the customer.

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 etc

-

25% on reducing balance

Tangible fixed assets are stated at cost, being purchase price together with any incidental costs of acquisition, less accumulated depreciation.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Stocks

The company holds stock of prints and original art as well as ancillary items including mouldings and packaging. As none of these items are subject to technological or physical obsolescence they are valued at 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

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.

Debtors

Debtors do not carry and interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Creditors

Creditors are not interest bearing and are stated at their nominal value.

Cash and cash equivalents

These comprise cash at bank and other short term highly liquid deposits.

Reserves

The movement in the fair value of plant to open market value at the balance sheet date is recognised in a non-distributable reserve. This reserve, which also contains appropriate depreciation and deferred tax provisions, may not be distributed to the shareholders.

Any movements in the reserve are not liable to corporation tax and an appropriate deferred tax provision is provided within the reserve.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST OR VALUATION

At 1 January 2024

723,574

Additions

450

Disposals

(536,653

)

At 31 December 2024

187,371

DEPRECIATION

At 1 January 2024

635,855

Charge for year

40,727

Eliminated on disposal

(516,702

)

At 31 December 2024

159,880

NET BOOK VALUE

At 31 December 2024

27,491

At 31 December 2023

87,719

Cost or valuation at 31 December 2024 is represented by:

Plant and

machinery

etc

£

Valuation in 2018

117,373

Valuation in 2024

(117,247

)

Cost

187,245

187,371

If plant and machinery had not been revalued it would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

87,138

398,923

Aggregate depreciation

70,926

391,935

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

Plant and

machinery

etc

£

COST OR VALUATION

At 1 January 2024

170,183

Disposals

(50,173

)

At 31 December 2024

120,010

DEPRECIATION

At 1 January 2024

117,524

Charge for year

30,411

Eliminated on disposal

(50,173

)

At 31 December 2024

97,762

NET BOOK VALUE

At 31 December 2024

22,248

At 31 December 2023

52,659

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

36,007

131,330

Other debtors

27,647

38,279

63,654

169,609

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

14,017

-

Hire purchase contracts (see note 8)

18,171

24,766

Trade creditors

51,502

166,312

Taxation and social security

66,064

72,115

Other creditors

34,486

59,096

184,240

322,289

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 8)

31,444

62,161

Other creditors

4,196

35,874

35,640

98,035

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

-

1,733

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

18,171

24,766

Between one and five years

31,444

62,161

49,615

86,927

Non-cancellable

operating leases

31.12.24

31.12.23

£

£

Within one year

25,286

43,428

Between one and five years

31,666

56,592

56,952

100,020

9.

RESERVES

31.12.24

31.12.23

£

£

Distributable

3,523

50,935

Non - distributable

14

15,106

3,537

66,041

Movement in Non-distributable reserve

31.12.24

31.12.23

£

£

Balance brought forward

15,106

19,792

Asset disposals

(117,247

)

-

Fair value uplift

-

-

Movement in depreciation

98,508

(6,389

)

Movement in deferred tax

3,647

1,703

Balance carried forward

14

15,106

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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Collier & Dobson Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Collier & Dobson Limited in accordance with the terms of our engagement letter dated 15 September 2009. Our work has been undertaken solely to prepare for your approval the financial statements of Collier & Dobson Limited and state those matters that we have agreed to state to the director of Collier & Dobson Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Collier & Dobson Limited and its director for our work or for this report.

It is your duty to ensure that Collier & Dobson Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Collier & Dobson Limited. You consider that Collier & Dobson Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Collier & Dobson Limited. 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 statutory financial statements.

Rothmans LLP

Bridge House

Unit 6 Pullman Business Park

Pullman Way

Ringwood

Hampshire

BH24 1EX

11 September 2025