COLINSON AND COMPANY LTD - Accounts

COLINSON AND COMPANY LTD - Accounts

COLINSON AND COMPANY LTD - Company Information

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Registered Number: 13029169
England and Wales

 

 

 

COLINSON AND COMPANY LTD


Abridged Accounts
 


Period of accounts

Start date: 01 December 2020

End date: 30 November 2021

COLINSON AND COMPANY LTD
Contents Page
For the year ended 30 November 2021
Accountant’s report
You consider that the company is exempt from an audit for the year ended 30 November 2021 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
COLINSON AND COMPANY LTD
30 November 2021



....................................................
COLINSON AND COMPANY LTD
REGENT 88 SUIT 113
210 CHURCH ROAD, LEYTON
LONDON
E10 7JQ
04 May 2022
1
 
 		 Notes
 		 2021
£
Fixed assets    
Tangible fixed assets 436 
436 
Current assets    
Debtors: amounts falling due within one year 2,500 
Cash at bank and in hand 24,233 
26,733 
Creditors: amount falling due within one year (23,103)
Net current assets 3,630 
 
Total assets less current liabilities 4,066 
Net assets 4,066 
 

Capital and reserves 		   
Called up share capital 100 
Profit and loss account 3,966 
Shareholder's funds 4,066 
 


For the year ended 30 November 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 04 May 2022 and were signed on its behalf by:


--------------------------------
MR OMAYITEMI JOHN ERIKE ETCHIE
Director		--------------------------------
MR ADETUNJI ADEBIYI
Director
2
General Information
COLINSON AND COMPANY LTD is a private company, limited by shares, registered in England and Wales, registration number 13029169, registration address Regent 88, Unit 3, 210 Church Road, Leyton, London, E10 7JQ

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of Professional services rendered by the company to our numerous clients  The  Principal business of the company is the provision of accountancy and tax advisory services to the   SMEs and Charities.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery etc 10%
2.

Staff Costs

 

3.

Average number of employees

Average number of employees during the year was 1.
4.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 01 December 2020 485    485 
Additions -    - 
Disposals -    - 
At 30 November 2021 485    485 
Depreciation
At 01 December 2020 -    - 
Charge for year 49    49 
On disposals -    - 
At 30 November 2021 49    49 
Net book values
Closing balance as at 30 November 2021 436    436 
Opening balance as at 01 December 2020 485    485 


5.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2021
£
100 Class A shares of £1.00 each 100 
100 

3