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Company Registration No. 08980029 (England and Wales)
Colsterworth Pallets Ltd Unaudited accounts for the year ended 30 June 2025
Colsterworth Pallets Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Colsterworth Pallets Ltd Company Information for the year ended 30 June 2025
Director
Ian Dykes
Company Number
08980029 (England and Wales)
Registered Office
11 Chapel Lane Arnold Nottingham Nottinghamshire NG5 7DR
Accountants
Select Accountancy Ltd FFA/FIPA FFTA 11 Chapel Lane Arnold Nottingham NG5 7DR
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Accountants' report on the preparation of the unaudited statutory statements of Colsterworth Pallets Ltd (The Company) for the year ended 30 June 2025
In order to assist you as the sole director to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 30 June 2025 which comprises of the profit and loss account, the balance sheet, and explanatory notes from the company's accounting records and from information and explanations which you have provided us with.
As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to you as the sole director of the company, in accordance with the terms of our letter of engagement dated 10 April 2025. Our work has been undertaken solely to prepare for your approval the financial statements of the company, and state those matters that we have agreed to state to you, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and you as the sole director for our work or for this report.
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and financial performance of the company. You consider that the company is exempt from the statutory audit requirement for the year ended 30 June 2025.
We have not been instructed to carry out any assurance service on the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Select Accountancy Ltd FFA/FIPA FFTA Financial Accountants 11 Chapel Lane Arnold Nottingham NG5 7DR 17 February 2026
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Colsterworth Pallets Ltd Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
11,075
2,580
Current assets
Inventories
26,442
47,148
Debtors
5
36,932
38,989
Cash at bank and in hand
29,438
8,259
92,812
94,396
Creditors: amounts falling due within one year
6
(99,691)
(84,401)
Net current (liabilities)/assets
(6,879)
9,995
Total assets less current liabilities
4,196
12,575
Creditors: amounts falling due after more than one year
7
(1,344)
-
Net assets
2,852
12,575
Capital and reserves
Called up share capital
8
2
2
Profit and loss account
2,850
12,573
Shareholders' funds
2,852
12,575
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 18 February 2026 and were signed on its behalf by
Ian Dykes Director Company Registration No. 08980029
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Colsterworth Pallets Ltd Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Colsterworth Pallets Ltd is a private company, limited by shares, registered in England and Wales, registration number 08980029. The registered office is 11 Chapel Lane, Arnold, Nottingham, Nottinghamshire, NG5 7DR.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 July 2024
7,430
2,434
167
10,031
Additions
375
11,950
-
12,325
Disposals
-
(2,434)
-
(2,434)
At 30 June 2025
7,805
11,950
167
19,922
Depreciation
At 1 July 2024
5,058
2,297
96
7,451
Charge for the year
687
2,988
18
3,693
On disposals
-
(2,297)
-
(2,297)
At 30 June 2025
5,745
2,988
114
8,847
Net book value
At 30 June 2025
2,060
8,962
53
11,075
At 30 June 2024
2,372
137
71
2,580
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Colsterworth Pallets Ltd Notes to the Accounts for the year ended 30 June 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
35,772
37,430
Accrued income and prepayments
1,160
1,559
36,932
38,989
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
68,302
36,547
Obligations under finance leases and hire purchase contracts
5,378
-
Trade creditors
11,088
26,893
Taxes and social security
9,507
11,659
Other creditors
2,290
3,033
Loans from directors
756
943
Accruals
2,370
5,326
99,691
84,401
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
1,344
-
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 4 (2024: 5).
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