Company Registration No. 10303949 (England and Wales)
Coleaco Limited
Unaudited accounts
for the year ended 30 November 2019
Coleaco Limited
Unaudited accounts
Contents
Coleaco Limited
Company Information
for the year ended 30 November 2019
Directors
Mr D Cole
Mrs A Cole
Company Number
10303949 (England and Wales)
Registered Office
The Old Rectory
Church Place Lydiard Millicent
Swindon
SN5 3LS
United Kingdom
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
Coleaco Limited
Statement of financial position
as at 30 November 2019
Tangible assets
7,463
8,524
Cash at bank and in hand
2,135
13,976
Creditors: amounts falling due within one year
(16,730)
(31,531)
Net current assets
29,746
20,976
Total assets less current liabilities
37,209
29,500
Provisions for liabilities
Deferred tax
(1,418)
(1,620)
Called up share capital
100
100
Profit and loss account
35,691
27,780
Shareholders' funds
35,791
27,880
For the year ending 30 November 2019 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 directors acknowledge their 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.
Approved by the Board on 3 June 2020.
Mr D Cole
Director
Company Registration No. 10303949
Coleaco Limited
Notes to the Accounts
for the year ended 30 November 2019
Coleaco Limited is a private company, limited by shares, registered in England and Wales, registration number 10303949. The registered office is The Old Rectory, Church Place Lydiard Millicent, Swindon, SN5 3LS, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% on reducing balance
Computer equipment
25% on reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Coleaco Limited
Notes to the Accounts
for the year ended 30 November 2019
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2018
7,120
4,037
11,157
At 30 November 2019
7,120
4,307
11,427
At 1 December 2018
1,336
1,297
2,633
Charge for the year
578
753
1,331
At 30 November 2019
1,914
2,050
3,964
At 30 November 2019
5,206
2,257
7,463
At 30 November 2018
5,784
2,740
8,524
Trade debtors
38,400
38,531
Accrued income and prepayments
5,941
-
6
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
11,906
12,665
Loans from directors
4,632
18,673
7
Average number of employees
During the year the average number of employees was 1 (2018: 1).
