Coleslaw 232 Limited - Filleted accounts


COLESLAW 232 LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2024

































Company Registration Number: 02857794

COLESLAW 232 LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 12

COLESLAW 232 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024


DIRECTORS

G F Lynch
Mrs K L Lynch
resigned 4 February 2025


SECRETARY

Mrs K L Lynch
resigned 4 February 2025


REGISTERED OFFICE

Kall Kwik
61 Pall Mall
London
SW1Y 5HZ


COMPANY REGISTRATION NUMBER

02857794 England and Wales

COLESLAW 232 LIMITED

BALANCE SHEET
AS AT 30 SEPTEMBER 2024


	Notes	2024		2023
		£		£

FIXED ASSETS
Tangible assets	6		189,779		233,209

CURRENT ASSETS
Stock		8,000		12,000
Debtors	7	260,720		231,216
Cash at bank and in hand		45,747		96,077


		314,467		339,293

CREDITORS: Amounts falling due within one year	8	240,908		250,230
CREDITORS: Amounts falling due within one year


NET CURRENT ASSETS			73,559		89,063


TOTAL ASSETS LESS CURRENT LIABILITIES			263,338		322,272

CREDITORS: Amounts falling due after more than one year	9		80,740		166,055
CREDITORS: Amounts falling due after more than one year

Provisions for liabilities and charges			20,954		17,667


NET ASSETS			161,644		138,550


CAPITAL AND RESERVES
Called up share capital			2		2
Distributable profit and loss account			161,642		138,548


SHAREHOLDERS' FUNDS			161,644		138,550

COLESLAW 232 LIMITED

BALANCE SHEET
AS AT 30 SEPTEMBER 2024


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board of directors




G F Lynch
Director

Date approved by the board: 23 September 2025

COLESLAW 232 LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1	GENERAL INFORMATION

	Coleslaw 232 Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	Kall Kwik
	61 Pall Mall
	London
	SW1Y 5HZ

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of printing services provided and supplies as soon as there is a right to consideration and is determined by reference to the value of the work performed. Turnover is stated net of trade discounts and value added tax.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.


	Intangible fixed assets

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. At acquisition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses.

	Goodwill amortisation is charged on a straight line basis so as to write off the cost of the asset, less its residual value assumed to be zero, over its useful economic life, which is estimated to be ten years.

	If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new expectations.

COLESLAW 232 LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Tangible fixed assets

	Fixed assets, other than those stated below, are carried at cost less accumulated depreciation and accumulated impairment losses.

	Printing equipment includes assets which are carried at their revalued amounts, being fair value at the date of valuation less subsequent depreciation and impairment losses. Revaluations are made with sufficient regularity to ensure that the carrying amounts do not differ materially from those that would be determined using fair values at the end of each reporting period. Any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset and the net amount is restated to the revalued amount of the asset.

	Any revaluation increase and/or decrease in the carrying amount of printing equipment is recognised in the statement of changes in equity and included in a revaluation reserve in equity, except to the extent that it reverses a revaluation decrease of the same asset previously recognised in the profit and loss account, in which case the increase is credited to the profit and loss account to the extent of the decrease previously expended.

	Decreases that offset previous increases of the same asset are charged in the statement of changes in equity and debited against the revaluation reserve in equity; decreases exceeding the balance in the revaluation reserve relating to an asset are recognised in profit or loss. Each year the difference between depreciation based on the revalued carrying amount of the asset recognised in the profit and loss account and depreciation based on the asset's original cost is transferred from revaluation reserve to retained earnings.

	Depreciation has been provided at the following rates so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

	Plant and machinery					Reducing balance at 15% per annum
	Furniture and fittings					Reducing balance at 10% per annum
	Printing equipment					Reducing balance at 15% per annum and straight line basis at 20% per annum


	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

COLESLAW 232 LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Financial Instruments

	A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.


	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	Stocks are assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less cost to complete and sell. If an item of stock, or group of similar items, is impaired its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.

COLESLAW 232 LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Stock

	Stock has been valued at the lower of cost and estimated selling price less cost to complete and sell, after making due allowance for obsolete and slow-moving items. Cost comprises the cost of goods purchased valued on a standard cost basis.

	The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.


	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

	Leases

	Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. Other leases that do not transfer substantially all the risks and rewards of ownership of the leased assets to the company are classified as operating leases.

	Assets held under finance leases are recognised in accordance with the company's policy for tangible fixed assets. The corresponding obligations to lessors under finance leases are treated in the balance sheet as a liability. The assets and liabilities under finance leases are recognised at amounts equal to the fair value of the assets, or if lower, the present value of minimum lease payments, determined at the inception of the lease.

	Minimum lease payments are apportioned between finance charges and the reduction in the outstanding liabilities using the effective interest method. The finance charge is allocated to each period during the lease so as to produce a constant rate of interest on the remaining balance of the liabilities. Finance charges are recognised in the profit and loss account.


	Payments applicable to operating leases are charged against profit on a straight line basis over the lease term.

COLESLAW 232 LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.

	Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

	Current and deferred tax assets and liabilities are not discounted.

	Provisions

	A provision for annual leave accrued by employees as a result of services rendered in the current period, and which employees are entitled to carry forward and use is recognised. The provision is measured at the salary cost payable for the period of absence.

	Pensions

	The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the directors in preparing these financial statements.

COLESLAW 232 LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4	EMPLOYEES

	The average number of persons employed by the company (including directors) during the year was:

		2024	2023
	Average number of employees	7	7


5	INTANGIBLE FIXED ASSETS
			Goodwill
			£
	Cost
	At 1 October 2023		312,696


	At 30 September 2024		312,696


	Accumulated amortisation and impairments
	At 1 October 2023		312,696


	At 30 September 2024		312,696


	Net book value
	At 1 October 2023		-


	At 30 September 2024		-

COLESLAW 232 LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6	TANGIBLE ASSETS
		Plant and machinery	Furniture and fittings	Printing equipment	Total
		£	£	£	£
	Cost
	At 1 October 2023	362,592	33,859	218,690	615,141

	Additions	12,840	-	-	12,840


	At 30 September 2024	375,432	33,859	218,690	627,981


	Accumulated depreciation and impairments
	At 1 October 2023	288,640	29,515	63,777	381,932

	Charge for year	12,467	434	43,369	56,270


	At 30 September 2024	301,107	29,949	107,146	438,202


	Net book value
	At 1 October 2023	73,952	4,344	154,913	233,209


	At 30 September 2024	74,325	3,910	111,544	189,779


7	DEBTORS
				2024	2023
				£	£
	Trade debtors			129,268	115,755
	Prepayments and accrued income			34,928	24,034
	Other debtors			96,524	91,427


				260,720	231,216

COLESLAW 232 LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8	CREDITORS: Amounts falling due within one year
		2024	2023
		£	£
	Bank loans and overdrafts	13,791	35,292
	Trade creditors	110,940	133,201
	Taxation and social security	61,669	31,297
	Hire purchase contracts and finance leases	46,222	42,020
	Accruals and deferred income	8,161	5,381
	Other creditors	125	3,039


		240,908	250,230


9	CREDITORS: Amounts falling due after more than one year
		2024	2023
		£	£
	Bank loans and overdrafts	9,584	48,677
	Hire purchase contracts and finance leases	71,156	117,378


		80,740	166,055


10	SECURED DEBTS

	HSBC Plc hold debentures by way of fixed and floating charges over the company's assets.

	The hire purchase contracts and finance leases are secured on the assets concerned.

11	CONTINGENCIES AND COMMITMENTS

	Other Commitments

	Amounts falling due under operating leases:	2024	2023
		£	£
	In less than one year	90,000	90,000
	In more than one but less than five years	22,500	90,000


		112,500	180,000

COLESLAW 232 LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


12	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

	The following directors' advances, credits and guarantees took place during the year:

		Balance at 1 October 2023	Amounts advanced	Amounts repaid	Amounts written off or waived	Balance at 30 September 2024
		£	£	£	£	£
	Mr G F and Mrs K L Lynch	72,080	93,928	88,833	-	77,175

Interest has been charged on this advance at the Beneficial Loan Arrangement Official Rate as prescribed by HM Revenue and Customs. The advance is repayable on demand.