Company Registration No. 04933470 (England and Wales)
Collett Manufacturing Co Limited
Unaudited accounts
for the year ended 31 December 2024
Collett Manufacturing Co Limited
Statement of financial position
as at 31 December 2024
Tangible assets
43,263
50,897
Cash at bank and in hand
87,984
93,031
Creditors: amounts falling due within one year
(182,015)
(197,834)
Net current assets
169,341
150,816
Total assets less current liabilities
212,604
201,713
Creditors: amounts falling due after more than one year
(4,196)
(24,609)
Net assets
208,408
177,104
Called up share capital
2
2
Profit and loss account
208,406
177,102
Shareholders' funds
208,408
177,104
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by
P Jarman
Director
Company Registration No. 04933470
Collett Manufacturing Co Limited
Notes to the Accounts
for the year ended 31 December 2024
Collett Manufacturing Co Limited is a private company, limited by shares, registered in England and Wales, registration number 04933470. The registered office is Unit 2 Southfield Industrial Estate, Delling Lane, Bosham, Chichester, PO18 8NN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Red Bal
Motor vehicles
15% Red Bal
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Collett Manufacturing Co Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Total
At 31 December 2024
258,630
At 31 December 2024
215,367
At 31 December 2024
43,263
At 31 December 2023
50,897
5
Average number of employees
During the year the average number of employees was 13 (2023: 12).