Company Registration No. 06338330 (England and Wales)
Colvill Banks Limited
Unaudited accounts
for the year ended 31 March 2025
Colvill Banks Limited
Unaudited accounts
Contents
Colvill Banks Limited
Company Information
for the year ended 31 March 2025
Directors
Mr Mark Swain
Mr Prems Srampical
Mrs Swyta Bahuguna
Secretary
Power Secretaries Ltd
Company Number
06338330 (England and Wales)
Registered Office
Hollythorns House The Hollythorns
Swanmore
Southampton
Hampshire
SO32 2NW
ENGLAND
Accountants
Power Accountax Limited
Mailbox 3, Solent Business Centre
343 Millbrook Road West
Southampton
SO15 0HW
Colvill Banks Limited
Statement of financial position
as at 31 March 2025
Intangible assets
180,047
190,814
Tangible assets
26,322
31,179
Debtors
2,238,838
1,721,899
Cash at bank and in hand
978,678
597,234
Creditors: amounts falling due within one year
(1,988,857)
(573,758)
Net current assets
1,228,659
1,745,375
Total assets less current liabilities
1,435,028
1,967,368
Provisions for liabilities
Net assets
1,435,028
1,959,004
Called up share capital
5,100
5,100
Capital redemption reserve
500,598
500,598
Profit and loss account
924,430
1,448,406
Shareholders' funds
1,435,028
1,959,004
For the 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. 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.
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 13 August 2025 and were signed on its behalf by
Mr Mark Swain
Director
Company Registration No. 06338330
Colvill Banks Limited
Notes to the Accounts
for the year ended 31 March 2025
Colvill Banks Limited is a private company, limited by shares, registered in England and Wales, registration number 06338330. The registered office is Hollythorns House The Hollythorns, Swanmore, Southampton, Hampshire, SO32 2NW, ENGLAND.
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 ã sterling.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
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
25% on Written Down Value
Fixtures & fittings
25% on Written Down Value
Computer equipment
25% on Written Down Value
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation rate is 5% on written down value.
Colvill Banks Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
Other
Total
At 1 April 2024
196,997
135,287
332,284
At 31 March 2025
196,997
135,287
332,284
At 1 April 2024
9,850
131,620
141,470
Charge for the year
9,850
917
10,767
At 31 March 2025
19,700
132,537
152,237
At 31 March 2025
177,297
2,750
180,047
At 31 March 2024
187,147
3,667
190,814
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
580
28,498
45,184
74,262
At 31 March 2025
4,498
28,498
45,184
78,180
At 1 April 2024
-
9,250
33,833
43,083
Charge for the year
1,125
4,812
2,838
8,775
At 31 March 2025
1,125
14,062
36,671
51,858
At 31 March 2025
3,373
14,436
8,513
26,322
At 31 March 2024
580
19,248
11,351
31,179
Amounts falling due within one year
Trade debtors
1,479,608
1,503,515
Amounts due from group undertakings etc.
578,525
67,843
Deferred tax asset
11,581
-
Accrued income and prepayments
114,566
150,541
Colvill Banks Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
13,678
24,167
Trade creditors
246,536
3,859
Amounts owed to group undertakings and other participating interests
1,298,631
168,275
Taxes and social security
110,267
169,849
Other creditors
96,132
166,234
8
Average number of employees
During the year the average number of employees was 70 (2024: 11).