Cole Crispin Limited - Accounts to registrar (filleted) - small 22.3
Cole Crispin Limited - Accounts to registrar (filleted) - small 22.3
REGISTERED NUMBER: |
Unaudited Financial Statements |
For The Year Ended 31st May 2022 |
for |
Cole Crispin Limited |
Cole Crispin Limited (Registered number: 09062451) |
Contents of the Financial Statements |
For The Year Ended 31st May 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Chartered Certified Accountants' Report | 8 |
Cole Crispin Limited |
Company Information |
For The Year Ended 31st May 2022 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Accountants |
& Statutory Auditors |
Kings Buildings |
Lydney |
Gloucestershire |
GL15 5HE |
Cole Crispin Limited (Registered number: 09062451) |
Balance Sheet |
31st May 2022 |
31.5.22 | 31.5.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Revaluation reserve | 12 |
Retained earnings | 12 |
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. |
Cole Crispin Limited (Registered number: 09062451) |
Balance Sheet - continued |
31st May 2022 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on |
Cole Crispin Limited (Registered number: 09062451) |
Notes to the Financial Statements |
For The Year Ended 31st May 2022 |
1. | STATUTORY INFORMATION |
Cole Crispin Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the 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 |
Plant and machinery | - |
Motor vehicles | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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 balance sheet date. |
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 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Cole Crispin Limited (Registered number: 09062451) |
Notes to the Financial Statements - continued |
For The Year Ended 31st May 2022 |
4. | TANGIBLE FIXED ASSETS |
Plant and | Motor |
machinery | vehicles | Totals |
£ | £ | £ |
COST |
At 1st June 2021 |
Additions |
Disposals | ( |
) | ( |
) |
At 31st May 2022 |
DEPRECIATION |
At 1st June 2021 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31st May 2022 |
NET BOOK VALUE |
At 31st May 2022 |
At 31st May 2021 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st June 2021 |
and 31st May 2022 |
NET BOOK VALUE |
At 31st May 2022 |
At 31st May 2021 |
Fair value at 31st May 2022 is represented by: |
£ |
Valuation in 2020 | 77,845 |
Cost | 422,155 |
500,000 |
If investment properties had not been revalued they would have been included at the following historical cost: |
31.5.22 | 31.5.21 |
£ | £ |
Cost | 422,155 | 422,155 |
investment properties were valued on at open market value basis on 31st May 2020 by the directors . |
Cole Crispin Limited (Registered number: 09062451) |
Notes to the Financial Statements - continued |
For The Year Ended 31st May 2022 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.22 | 31.5.21 |
£ | £ |
Other loans (see note 8) |
Tax |
Directors' current accounts | 29,609 | 128,936 |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.5.22 | 31.5.21 |
£ | £ |
Bank loans (see note 8) |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst |
Repayable by instalments |
Bank loans more 5 yr by instal | 44,521 | - |
Loan | 20,303 | - |
64,824 | - |
8. | LOANS |
An analysis of the maturity of loans is given below: |
31.5.22 | 31.5.21 |
£ | £ |
Amounts falling due within one year or on demand: |
Other loans |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst | 175,941 | 175,951 |
Repayable by instalments |
Bank loans more 5 yr by instal | 44,521 | - |
Loan | 20,303 | - |
64,824 | - |
9. | SECURED DEBTS |
There is a fixed charge over the freehold property of the company to secure the finance loan. |
Cole Crispin Limited (Registered number: 09062451) |
Notes to the Financial Statements - continued |
For The Year Ended 31st May 2022 |
10. | PROVISIONS FOR LIABILITIES |
31.5.22 | 31.5.21 |
£ | £ |
Deferred tax | 14,791 | 14,791 |
Deferred |
tax |
£ |
Balance at 1st June 2021 |
Balance at 31st May 2022 |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.5.22 | 31.5.21 |
value: | £ | £ |
Ordinary | £1 | 2 | 2 |
12. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
At 1st June 2021 | 63,287 |
Profit for the year |
Dividends | ( |
) | ( |
) |
At 31st May 2022 | 79,197 |
13. | RELATED PARTY DISCLOSURES |
During the year, total dividends of £15,000 (2021 - £3,000) were paid to the directors . |
14. | ULTIMATE CONTROLLING PARTY |
There is no ultimate controlling party. |
Chartered Certified Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Cole Crispin Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cole Crispin Limited for the year ended 31st May 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
This report is made solely to the Board of Directors of Cole Crispin Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cole Crispin Limited and state those matters that we have agreed to state to the Board of Directors of Cole Crispin Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Cole Crispin Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cole Crispin Limited. You consider that Cole Crispin Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Cole Crispin Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Accountants |
& Statutory Auditors |
Kings Buildings |
Lydney |
Gloucestershire |
GL15 5HE |
Date: 5th September 2022 |