REGISTERED NUMBER: 02955021 (England and Wales)

Coltraco Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C S P Hunter

Mrs D Hunter

SECRETARY:

Mrs D Hunter

REGISTERED OFFICE:

10 Victoria Road South

Southsea

Hampshire

PO5 2DA

REGISTERED NUMBER:

02955021 (England and Wales)

ACCOUNTANTS:

Barter Durgan

Chartered Accountants

10 Victoria Road South

Southsea

Hampshire

PO5 2DA

CURRENT ASSETS

Stocks

208,000

158,155

Debtors

4

663,898

519,328

Cash at bank and in hand

315,863

436,117

1,187,761

1,113,600

CREDITORS

Amounts falling due within one year

5

127,612

145,055

NET CURRENT ASSETS

1,060,149

968,545

TOTAL ASSETS LESS CURRENT LIABILITIES

1,060,149

968,545

CREDITORS

Amounts falling due after more than one year

6

11,250

3,742

NET ASSETS

1,048,899

964,803

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

1,048,895

964,799

SHAREHOLDERS' FUNDS

1,048,899

964,803

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

C S P Hunter - Director

1.	STATUTORY INFORMATION

Coltraco 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 year was 12 (2023 - 17 ) .

4.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

238,743

69,567

Due from related company

283,999

244,999

Taxation recoverable

21,500

-

VAT

16,131

18,762

Prepayments and accrued income

103,525

-

663,898

333,328

Amounts falling due after more than one year:

Prepayments and accrued income

-

186,000

Aggregate amounts

663,898

519,328

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

127,612

130,902

Social security and other taxes

-

14,153

127,612

145,055

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 2-5 years

11,250

3,742