Registration number: 06503507

Colonial Equipment Finance Ltd

trading as Colonial Equipment Finance Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Colonial Equipment Finance Ltd

trading as Colonial Equipment Finance Ltd

Company Information

Directors

Mrs C Pitaluga Mr S Pitaluga

Company secretary

Mr S Pitaluga

Registered office

Albany House 14 Shute End Wokingham Berkshire RG40 1BJ

Colonial Equipment Finance Ltd

trading as Colonial Equipment Finance Ltd

(Registration number: 06503507)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	1,999	3,371
Current assets
Debtors	5	-	1,375
Cash at bank and in hand		142,159	188,893
		142,159	190,268
Creditors: Amounts falling due within one year	6	(26,586)	(51,158)
Net current assets		115,573	139,110
Net assets		117,572	142,481
Capital and reserves
Called up share capital	7	115	115
Retained earnings		117,457	142,366
Shareholders' funds		117,572	142,481

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 August 2025 and signed on its behalf by:
 

......................................... Mr S Pitaluga Company secretary and director

Colonial Equipment Finance Ltd

trading as Colonial Equipment Finance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Albany House
14 Shute End
Wokingham
Berkshire
RG40 1BJ

These financial statements were authorised for issue by the Board on 20 August 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Colonial Equipment Finance Ltd

trading as Colonial Equipment Finance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & Machinery	33% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

Colonial Equipment Finance Ltd

trading as Colonial Equipment Finance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 January 2024	58,707	58,707
Additions	1,452	1,452
At 31 December 2024	60,159	60,159
Depreciation
At 1 January 2024	55,336	55,336
Charge for the year	2,824	2,824
At 31 December 2024	58,160	58,160
Carrying amount
At 31 December 2024	1,999	1,999
At 31 December 2023	3,371	3,371

5

Debtors

Current	2024 £	2023 £
Prepayments	-	1,375
	-	1,375

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Taxation and social security	21,400	42,222
Accruals and deferred income	5,186	8,936
	26,586	51,158

Colonial Equipment Finance Ltd

trading as Colonial Equipment Finance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100
Ordinary A of £1 each	10	10	10	10
Ordinary B of £1 each	5	5	5	5
	115	115	115	115