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Registered number: 03642841
Coles Engineering Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Peace Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03642841
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 120,490 121,836
120,490 121,836
CURRENT ASSETS
Stocks 5 79,985 72,734
Debtors 6 12,368 16,679
Cash at bank and in hand 24,292 23,239
116,645 112,652
Creditors: Amounts Falling Due Within One Year 7 (102,633 ) (94,372 )
NET CURRENT ASSETS (LIABILITIES) 14,012 18,280
TOTAL ASSETS LESS CURRENT LIABILITIES 134,502 140,116
Creditors: Amounts Falling Due After More Than One Year 8 (38,128 ) (48,445 )
NET ASSETS 96,374 91,671
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 96,274 91,571
SHAREHOLDERS' FUNDS 96,374 91,671
Page 1
Page 2
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Adrian Coles
Director
22/07/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Coles Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03642841 . The registered office is Unit C Aspect, Corporation Street, Taunton, Somerset, TA1 4AW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 5)
4 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 November 2024 98,400 330,347 428,747
Additions 3,549 23,000 26,549
As at 31 October 2025 101,949 353,347 455,296
...CONTINUED
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Page 4
Depreciation
As at 1 November 2024 53,968 252,943 306,911
Provided during the period 6,665 21,230 27,895
As at 31 October 2025 60,633 274,173 334,806
Net Book Value
As at 31 October 2025 41,316 79,174 120,490
As at 1 November 2024 44,432 77,404 121,836
5. Stocks
2025 2024
£ £
Materials 79,985 72,734
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 12,368 16,679
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 36,716 41,984
Other creditors 58,848 49,666
Taxation and social security 7,069 2,722
102,633 94,372
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 7,017 17,334
Other loans 31,111 31,111
38,128 48,445
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 4