Columbus Fifty Nine Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13521095

COLUMBUS FIFTY NINE LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 July 2025

COLUMBUS FIFTY NINE LTD

STATEMENT OF FINANCIAL POSITION

31 July 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Intangible assets	5	195,600	228,200
Tangible assets	6	76,357	2,636
		---------	---------
		271,957	230,836

CURRENT ASSETS

Debtors	7	192,127	113,271
Cash at bank and in hand		612,295	402,066
		---------	---------
		804,422	515,337

CREDITORS: amounts falling due within one year	8	267,898		194,035
		---------		---------
NET CURRENT ASSETS			536,524		321,302
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			808,481		552,138

CREDITORS: amounts falling due after more than one year	9		186,500		197,061

PROVISIONS	19,090	–
	---------	---------
NET ASSETS	602,891	355,077
	---------	---------

CAPITAL AND RESERVES

Called up share capital fully paid	1	1
Profit and loss account	602,890	355,076
	---------	---------
SHAREHOLDERS FUNDS	602,891	355,077
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

COLUMBUS FIFTY NINE LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 10 December 2025 , and are signed on behalf of the board by:

Ms L Hamilton
Director

Company registration number: 13521095

COLUMBUS FIFTY NINE LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Parklands Close, Loddington, Kettering, Northamptonshire, NN14 1LG.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Franchise fee	-	10% straight line

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 estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures, fittings and equipment	-	15% reducing balance and 33 1/3% straightline
Motor vehicles	-	25% reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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 and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 20 (2024: 19 ).

5. INTANGIBLE ASSETS

	Franchise Fee
	£
Cost
At 1 August 2024 and 31 July 2025	326,000
	---------
Amortisation
At 1 August 2024	97,800
Charge for the year	32,600
	---------
At 31 July 2025	130,400
	---------
Carrying amount
At 31 July 2025	195,600
	---------
At 31 July 2024	228,200
	---------

6. TANGIBLE ASSETS

	Fixtures, Fittings and Equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 August 2024	3,694	–	3,694
Additions	1,306	98,234	99,540
	-------	--------	---------
At 31 July 2025	5,000	98,234	103,234
	-------	--------	---------
Depreciation
At 1 August 2024	1,058	–	1,058
Charge for the year	1,260	24,559	25,819
	-------	--------	---------
At 31 July 2025	2,318	24,559	26,877
	-------	--------	---------
Carrying amount
At 31 July 2025	2,682	73,675	76,357
	-------	--------	---------
At 31 July 2024	2,636	–	2,636
	-------	--------	---------

7. DEBTORS

	2025	2024
	£	£
Trade debtors	192,127	113,271
	---------	---------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	132,934	95,980
Social security and other taxes	39,148	26,759
Other creditors	95,816	71,296
	---------	---------
	267,898	194,035
	---------	---------

Included within other creditors are amounts totalling £12,211 (2024 - £nil) relating to hire purchase agreements which are secured by the company

9. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	122,494	197,061
Other creditors	64,006	–
	---------	---------
	186,500	197,061
	---------	---------

Included within other creditors are amounts totalling £64,006 (2024 - £nil) relating to hire purchase agreements which are secured by the company.