Colmer Winchester Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09628557 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2019

FOR

COLMER WINCHESTER LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P Colmer

A Winchester

REGISTERED OFFICE:

49 Hedgemead Avenue

Abingdon

Oxfordshire

OX14 2NW

REGISTERED NUMBER:

09628557 (England and Wales)

ACCOUNTANTS:

Colmer Winchester

49 Hedgemead Avenue

Abingdon

Oxfordshire

OX14 2NW

FIXED ASSETS

Tangible assets

4

4,300

3,561

CURRENT ASSETS

Debtors

5

41,536

16,842

Cash at bank and in hand

22,821

3,887

64,357

20,729

CREDITORS

Amounts falling due within one year

6

34,973

19,109

NET CURRENT ASSETS

29,384

1,620

TOTAL ASSETS LESS CURRENT LIABILITIES

33,684

5,181

CREDITORS

Amounts falling due after more than one year

7

33,298

5,180

NET ASSETS

386

1

CAPITAL AND RESERVES

Called up share capital

8

205

205

Retained earnings

181

(204

)

SHAREHOLDERS' FUNDS

386

1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 29 May 2020 and were signed on its behalf by:

A Winchester - Director

P Colmer - Director

1.	STATUTORY INFORMATION

Colmer Winchester 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 and represents amounts

receivable for goods and accountancy services provided in the normal course of business, net of discounts,

Value Added Tax and other sales related 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 cost

Computer equipment

-

33% on cost

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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - 4 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2018

612

5,121

5,733

Additions

-

2,359

2,359

At 31 August 2019

612

7,480

8,092

DEPRECIATION

At 1 September 2018

332

1,840

2,172

Charge for year

(13

)

1,633

1,620

At 31 August 2019

319

3,473

3,792

NET BOOK VALUE

At 31 August 2019

293

4,007

4,300

At 31 August 2018

280

3,281

3,561

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Trade debtors

15,541

10,818

Other debtors

25,995

6,024

41,536

16,842

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Bank loans and overdrafts

12,943

2,660

Trade creditors

5,838

2,195

Taxation and social security

15,754

14,254

Other creditors

438

-

34,973

19,109

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.19

31.8.18

£

£

Bank loans

33,298

5,180

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.19

31.8.18

value:

£

£

105

Ordinary A

£1

105

105

100

Ordinary B

£1

100

100

205

205

9.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors by virtue of their shareholding.