Colin Vaines And Sons Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00688759 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

COLIN VAINES AND SONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G H Vaines

SECRETARY:

Mr M H Vaines

REGISTERED OFFICE:

Obelisk House

The Walk

Birdwell

Barnsley

South Yorkshire

S70 5UA

REGISTERED NUMBER:

00688759 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

BANKERS:

HSBC

Station Road

Chapeltown

Sheffield

S35 2XE

FIXED ASSETS

Tangible assets

4

151,237

-

CURRENT ASSETS

Debtors

5

21,071

25,180

Cash at bank

5,610

7,491

26,681

32,671

CREDITORS

Amounts falling due within one year

6

8,766

10,237

NET CURRENT ASSETS

17,915

22,434

TOTAL ASSETS LESS CURRENT LIABILITIES

169,152

22,434

CREDITORS

Amounts falling due after more than one
year

7

148,462

-

NET ASSETS

20,690

22,434

CAPITAL AND RESERVES

Called up share capital

8

10,000

Retained earnings

10,690

12,434

SHAREHOLDERS' FUNDS

20,690

22,434

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 director acknowledges his 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 and authorised for issue by the director and authorised for issue on 5 December 2025 and were signed by:

Mr G H Vaines - Director

1.	STATUTORY INFORMATION

Colin Vaines And Sons 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates

No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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

-

20% on cost

Fixtures, fittings and equipment

-

15% on cost

Motor vehicles

-

20% on cost

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Freehold

Plant and

and

Motor

property

machinery

equipment

vehicles

Totals

£

COST

At 1 April 2024

-

8,142

5,873

8,000

22,015

Additions

151,237

-

151,237

Disposals

-

(8,142

)

(4,473

)

(8,000

)

(20,615

)

At 31 March 2025

151,237

-

1,400

-

152,637

DEPRECIATION

At 1 April 2024

-

8,142

5,873

8,000

22,015

Eliminated on disposal

-

(8,142

)

(4,473

)

(8,000

)

(20,615

)

At 31 March 2025

-

1,400

-

1,400

NET BOOK VALUE

At 31 March 2025

151,237

-

151,237

At 31 March 2024

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

20,658

24,836

Prepayments and accrued income

413

344

21,071

25,180

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

1,293

-

Corporation tax

3,345

6,844

VAT

2,119

1,248

Accrued expenses

2,009

2,145

8,766

10,237

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Other Loans

10,500

-

Other loans - 2-5 years

84,000

-

Other loans more 5yrs instal

53,962

-

148,462

-

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

53,962

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

2,500

A Ordinary

£1

2,500

B Ordinary

£1

2,500

C Ordinary

£1

2,500

D Ordinary

£1

2,500

10,000

9.	RELATED PARTY DISCLOSURES

The premises from which the company carries out its activities is owned by the shareholders of the company and is occupied rent free.