Registration number: 00341331

George Collin & Sons Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 6

George Collin & Sons Limited

(Registration number: 00341331)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed Assets
Tangible Assets	5	10,687	13,201
Current assets
Stocks	6	918,974	793,410
Debtors	7	54,474	92,744
Cash at bank and in hand		151,699	91,464
		1,125,147	977,618
Creditors: Amounts falling due within one year	8	(124,807)	(66,240)
Net current assets		1,000,340	911,378
Total assets less current liabilities		1,011,027	924,579
Provisions for liabilities		(2,459)	(1,148)
Net assets		1,008,568	923,431
Capital and Reserves
Called up share capital		1,000	1,000
Retained Earnings		1,007,568	922,431
Shareholders' funds		1,008,568	923,431

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 December 2025
 

......................................... B M R Warren Company secretary

George Collin & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Station Road
Kennett
Newmarket
Suffolk
CB8 7QD

These financial statements were authorised for issue by the director on 19 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling, which is the functional currency of the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

George Collin & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2	Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% reducing balance
Motor vehicles	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

George Collin & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2	Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Cost is arrived at as follows:

Raw materials: Purchase cost on a first in first out basis;
Trading properties: Purchase cost together with subsequent improvements;
Work in progress: cost of direct materials and labour plus attributable overheads based on a normal level of activity.

Net realisable value is based on estimated selling price less additional costs to completion and disposal.

Long term contracts are assessed on a contract by contract basis and are reflected in the profit and loss account by recording turnover and related costs as contract activity progresses. When the outcome of each long term contract can be assessed with reasonable certainty before its conclusion, the attributable profit and loss is recognised in the profit and loss account as the difference between reported turnover and related costs for that contract.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company's shareholders is recognised as a liability in the financial statement in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 4).

George Collin & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Profit/loss before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	2,794	3,620

5	Tangible Assets

	Land and buildings £	Motor vehicles  £	Other property, plant and equipment  £	Total £
Cost or valuation
At 1 April 2024	2,278	23,026	72,914	98,218
Additions	-	-	874	874
Disposals	-	(594)	-	(594)
At 31 March 2025	2,278	22,432	73,788	98,498
Depreciation
At 1 April 2024	2,278	18,861	63,878	85,017
Charge for the year	-	892	1,902	2,794
At 31 March 2025	2,278	19,753	65,780	87,811
Carrying amount
At 31 March 2025	-	2,679	8,008	10,687
At 31 March 2024	-	4,165	9,036	13,201

6

Stocks

	2025 £	2024 £
Raw materials and consumables	30,000	30,000
Work in progress	94,727	46,819
Trading properties	794,247	716,591
	918,974	793,410

George Collin & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Debtors

Current	2025 £	2024 £
Trade Debtors	51,687	44,426
Prepayments	614	853
Other debtors	2,173	47,465
	54,474	92,744

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade Creditors	22,673	28,684
Taxation and social security	59,990	31,125
Accruals and deferred income	6,431	6,431
Other creditors	35,713	-
	124,807	66,240

9	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £26,400 (2024 - £26,400). The financial commitment relates to the balance outstanding on the office lease.