REGISTERED NUMBER: 00789570 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Van Cols Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M R King

A H Van Helfteren

A F Van Helfteren

P C Van Helfteren

M G C Misquitta

S R Robins

SECRETARY:

M R King

REGISTERED OFFICE:

The Old School

School Lane

Great Horkesley

Colchester

Essex

CO6 4BN

REGISTERED NUMBER:

00789570 (England and Wales)

ACCOUNTANTS:

Tile & Co Essex Ltd

Warden House

37 Manor Road

Colchester

Essex

CO3 3LX

FIXED ASSETS

Intangible assets

4

299,971

373,287

Tangible assets

5

350,605

441,109

650,576

814,396

CURRENT ASSETS

Stocks

135,788

148,639

Debtors

6

196,527

162,997

Investments

7

709,486

712,854

Cash at bank and in hand

1,117,075

610,192

2,158,876

1,634,682

CREDITORS

Amounts falling due within one year

8

778,072

565,760

NET CURRENT ASSETS

1,380,804

1,068,922

TOTAL ASSETS LESS CURRENT LIABILITIES

2,031,380

1,883,318

CREDITORS

Amounts falling due after more than one year

9

(57,431

)

(137,824

)

PROVISIONS FOR LIABILITIES

-

(30,952

)

NET ASSETS

1,973,949

1,714,542

CAPITAL AND RESERVES

Called up share capital

3,792

3,792

Capital redemption reserve

208

208

Fair value reserve

10

72,222

85,266

Retained earnings

1,897,727

1,625,276

SHAREHOLDERS' FUNDS

1,973,949

1,714,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:

A H Van Helfteren - Director

1.	STATUTORY INFORMATION

Van Cols 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.

Turnover

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

Goodwill

Goodwill is initially recognised at cost. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses (which are not reversed).

Contingent consideration is included in the cost at the acquisition date if additional payment(s) is(are) probable and can be measured reliably. The liability is measured at the present value of the estimated future payment(s), using a discount rate reflecting conditions at the acquisition date. If the additional payment becomes probable and/or reliably measurable only after the acquisition date it is recognised as an adjustment to the cost of the goodwill at that time. Similarly, if estimated future payments are revised, for example due to the non-occurrence of future events that had been expected to occur, the resulting adjustment is recorded against goodwill. However, changes resulting from the unwinding of the discount are recognised in profit or loss.

Goodwill is amortised on a straight-line basis over its useful economic life of 4 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 20% on cost and 15% on cost

Stocks

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

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 64 (2024 - 59 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

403,835

Additions

45,000

Disposals

(30,825

)

At 31 March 2025

418,010

AMORTISATION

At 1 April 2024

30,548

Charge for year

87,491

At 31 March 2025

118,039

NET BOOK VALUE

At 31 March 2025

299,971

At 31 March 2024

373,287

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

2,291,635

Additions

166,021

Disposals

(152,763

)

At 31 March 2025

2,304,893

DEPRECIATION

At 1 April 2024

1,850,526

Charge for year

207,962

Eliminated on disposal

(104,200

)

At 31 March 2025

1,954,288

NET BOOK VALUE

At 31 March 2025

350,605

At 31 March 2024

441,109

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

128,468

105,825

Other debtors

68,059

57,172

196,527

162,997

7.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Listed investments

209,486

212,854

Other

500,000

500,000

709,486

712,854

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

78,463

115,424

Trade creditors

99,905

76,952

Taxation and social security

430,899

230,177

Other creditors

168,805

143,207

778,072

565,760

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

57,431

137,824

10.

RESERVES

Fair

value

reserve

£

At 1 April 2024

85,266

Reserve transfer

(13,044

)

At 31 March 2025

72,222

11.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the total commitment to future minimum lease payments under non-cancellable operating leases was £57,541 (2024 - £52,088)