Robert Colvile Ltd - Period Ending 2020-09-30
Robert Colvile Ltd - Period Ending 2020-09-30
Registration number:
Robert Colvile Ltd
for the Year Ended 30 September 2020
Robert Colvile Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Robert Colvile Ltd
Company Information
Director |
Mr Robert Raleigh Colvile |
Registered office |
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Accountants |
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Robert Colvile Ltd
(Registration number: 10357612)
Balance Sheet as at 30 September 2020
Note |
2020 |
2019 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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|
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Creditors: Amounts falling due within one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Profit and loss account |
84,464 |
66,017 |
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Shareholders' funds |
84,564 |
66,117 |
For the financial year ending 30 September 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
Director
Robert Colvile Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2020
General information |
The company is a private company limited by share capital, incorporated in England & Wales .
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Robert Colvile Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2020
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Debtors |
2020 |
2019 |
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Trade debtors |
- |
- |
Other debtors |
- |
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Called up share capital not paid |
100 |
100 |
|
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Creditors |
Creditors: amounts falling due within one year
2020 |
2019 |
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Due within one year |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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- |
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Robert Colvile Ltd
Detailed Profit and Loss Account for the Year Ended 30 September 2020
2020 |
2019 |
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Turnover (analysed below) |
24,593 |
17,650 |
Gross profit (%) |
100% |
100% |
Administrative expenses |
||
Establishment costs (analysed below) |
(520) |
(520) |
General administrative expenses (analysed below) |
(1,237) |
(7,983) |
Finance charges (analysed below) |
(60) |
(78) |
(1,817) |
(8,581) |
|
Operating profit |
22,776 |
9,069 |
Other interest receivable and similar income (analysed below) |
1 |
4 |
Profit before tax |
22,777 |
9,073 |
Robert Colvile Ltd
Detailed Profit and Loss Account for the Year Ended 30 September 2020
2020 |
2019 |
|
Turnover |
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Contracting income |
24,593 |
17,650 |
Establishment costs |
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Use of home as office |
520 |
520 |
General administrative expenses |
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Travel and subsistence |
280 |
265 |
Accountancy fees |
957 |
1,260 |
Bad debts written off |
- |
6,458 |
1,237 |
7,983 |
|
Finance charges |
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Bank charges |
60 |
78 |
Operating profit |
22,776 |
9,069 |
Other interest receivable and similar income |
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Bank interest receivable |
1 |
4 |
Profit before tax |
22,777 |
9,073 |