Coltraco Limited - Accounts to registrar (filleted) - small 18.2

Coltraco Limited - Accounts to registrar (filleted) - small 18.2

COLTRACO LIMITED - Company Information

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REGISTERED NUMBER: 02955021 (England and Wales)














Coltraco Limited

Unaudited Financial Statements

for the Year Ended 31 December 2018





Barter Durgan
Chartered Accountants
10 Victoria Road South
Southsea
Hampshire
PO5 2DA








Coltraco Limited (Registered number: 02955021)






Contents of the Financial Statements
for the Year Ended 31 December 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Coltraco Limited

Company Information
for the Year Ended 31 December 2018







DIRECTORS: C S P Hunter
Mrs D Hunter





SECRETARY: Mrs D Hunter





REGISTERED OFFICE: 10 Victoria Road South
Southsea
Hampshire
PO5 2DA





REGISTERED NUMBER: 02955021 (England and Wales)





ACCOUNTANTS: Barter Durgan
Chartered Accountants
10 Victoria Road South
Southsea
Hampshire
PO5 2DA
Page 1
Coltraco Limited (Registered number: 02955021)

Balance Sheet
31 December 2018

2018 2017
Notes £    £   
CURRENT ASSETS
Stocks 15,000 57,000
Debtors 5 148,521 106,242
Cash at bank and in hand 233,047 62,363
396,568 225,605
CREDITORS
Amounts falling due within one year 6 59,745 66,696
NET CURRENT ASSETS 336,823 158,909
TOTAL ASSETS LESS CURRENT
LIABILITIES
336,823
158,909

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 336,819 158,905
SHAREHOLDERS' FUNDS 336,823 158,909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act
2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394
and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 5 July 2019 and were signed on its behalf by:





Mrs D Hunter - Director


The notes form part of these financial statements

Page 2
Coltraco Limited (Registered number: 02955021)

Notes to the Financial Statements
for the Year Ended 31 December 2018

1. STATUTORY INFORMATION

Coltraco Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the
extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will
be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - NIL ) .

Page 3 continued...
Coltraco Limited (Registered number: 02955021)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2018
and 31 December 2018 9,760
DEPRECIATION
At 1 January 2018
and 31 December 2018 9,760
NET BOOK VALUE
At 31 December 2018 -
At 31 December 2017 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 136,598 98,818
VAT 11,923 7,424
148,521 106,242

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 50,828 61,260
Social security and other taxes 7,019 5,436
Other creditors 1,898 -
59,745 66,696

Page 4