Coltest Limited - Accounts to registrar (filleted) - small 18.2
Coltest Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1ST FEBRUARY 2018 TO 30TH JUNE 2019 |
| FOR |
| COLTEST LIMITED |
| COLTEST LIMITED (REGISTERED NUMBER: SC229995) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1ST FEBRUARY 2018 TO 30TH JUNE 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| COLTEST LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 1ST FEBRUARY 2018 TO 30TH JUNE 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Cornelius House |
| 178-180 Church Road |
| Hove |
| East Sussex |
| BN3 2DJ |
| COLTEST LIMITED (REGISTERED NUMBER: SC229995) |
| BALANCE SHEET |
| 30TH JUNE 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| COLTEST LIMITED (REGISTERED NUMBER: SC229995) |
| BALANCE SHEET - continued |
| 30TH JUNE 2019 |
| 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 behalf by: |
| COLTEST LIMITED (REGISTERED NUMBER: SC229995) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1ST FEBRUARY 2018 TO 30TH JUNE 2019 |
| 1. | STATUTORY INFORMATION |
| Coltest Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on the going concern basis due to the continuing |
| financial support of its parent company. |
| Significant judgements and estimates |
| No significant judgements have had to be made by the directors in preparing these financial |
| statements. |
| 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 |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| 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 items. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling |
| costs in bringing stocks to their present location and condition. |
| Financial instruments |
| The company only enters into basic financial instruments transactions that result in the recognition of |
| financial assets and liabilities like trade and other accounts receivable and payable, loans from banks |
| and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
| Financial assets that are measured at cost and amortised cost are assessed at the end of each |
| reporting period for objective evidence of impairment. If objective evidence of impairment is found, an |
| impairment loss is recognised in profit or loss. |
| Taxation |
| Taxation for the period 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. |
| COLTEST LIMITED (REGISTERED NUMBER: SC229995) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1ST FEBRUARY 2018 TO 30TH JUNE 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 period 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. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. |
| Those held under hire purchase contracts are depreciated over their estimated useful lives. Those |
| held under finance leases are depreciated over their estimated useful lives or the lease term, |
| whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
| period of the lease. |
| 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. |
| Impairment of non-financial assets |
| At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property |
| and equipment, are reviewed to determine whether there is an indication that an asset may be |
| impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group |
| of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated |
| and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the |
| asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit |
| or loss. |
| Stock is also assessed for impairment at each reporting date. The carrying amount of each item of |
| stock, or group of similar items, is compared with its selling price less costs to complete and sell. If an |
| item of stock or group of similar items is impaired, its carrying amount is reduced to selling price less |
| costs to complete and sell, and an impairment loss is recognised immediately in profit or loss. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| COLTEST LIMITED (REGISTERED NUMBER: SC229995) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1ST FEBRUARY 2018 TO 30TH JUNE 2019 |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | Plant and | and |
| property | machinery | fittings |
| £ | £ | £ |
| COST |
| At 1st February 2018 |
| Additions |
| Disposals | ( |
) |
| At 30th June 2019 |
| DEPRECIATION |
| At 1st February 2018 |
| Charge for period |
| Eliminated on disposal | ( |
) |
| At 30th June 2019 |
| NET BOOK VALUE |
| At 30th June 2019 |
| At 31st January 2018 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1st February 2018 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 30th June 2019 |
| DEPRECIATION |
| At 1st February 2018 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 30th June 2019 |
| NET BOOK VALUE |
| At 30th June 2019 |
| At 31st January 2018 |
| COLTEST LIMITED (REGISTERED NUMBER: SC229995) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1ST FEBRUARY 2018 TO 30TH JUNE 2019 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Motor |
| vehicles |
| £ |
| COST |
| At 1st February 2018 |
| Additions |
| Disposals | ( |
) |
| At 30th June 2019 |
| DEPRECIATION |
| At 1st February 2018 |
| Charge for period |
| Eliminated on disposal | ( |
) |
| At 30th June 2019 |
| NET BOOK VALUE |
| At 30th June 2019 |
| At 31st January 2018 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investment |
| £ |
| COST |
| At 1st February 2018 |
| and 30th June 2019 |
| NET BOOK VALUE |
| At 30th June 2019 |
| At 31st January 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| COLTEST LIMITED (REGISTERED NUMBER: SC229995) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1ST FEBRUARY 2018 TO 30TH JUNE 2019 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Hire purchase contracts |
| 9. | PROVISIONS FOR LIABILITIES |
| 2019 | 2018 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| Deferred |
| tax |
| £ |
| Balance at 1st February 2018 |
| Provided during period | ( |
) |
| Balance at 30th June 2019 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary | £1 | 1 | 1 |
| 11. | ULTIMATE CONTROLLING PARTY |
| The ultimate parent company is Tela Technology Group Ltd, whose registered office address is 4 |
| Station Court, Old Station Road, Hampton in Arden, Solihull, B92 0HA. |