Collar Factory Ltd - Period Ending 2022-07-31
Collar Factory Ltd - Period Ending 2022-07-31
Registration number:
Collar Factory Ltd
for the Year Ended 31 July 2022
Collar Factory Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Collar Factory Ltd
Company Information
Director |
G R Eddy |
Registered office |
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Accountants |
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Collar Factory Ltd
(Registration number: 06966752)
Balance Sheet
31 July 2022
Note |
2022 |
2021 |
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Fixed assets |
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Tangible assets |
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Investment property |
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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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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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Collar Factory Ltd
(Registration number: 06966752)
Balance Sheet
31 July 2022
For the financial year ending 31 July 2022 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.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Collar Factory Ltd
Notes to the Unaudited Financial Statements
Year Ended 31 July 2022
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
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.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
25% Reducing balance |
Collar Factory Ltd
Notes to the Unaudited Financial Statements
Year Ended 31 July 2022
Investment property
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers and are recognised at the transaction price.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Tangible assets |
Plant and machinery |
Total |
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Cost or valuation |
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At 1 August 2021 |
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At 31 July 2022 |
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Depreciation |
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At 1 August 2021 |
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Charge for the year |
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At 31 July 2022 |
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Carrying amount |
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At 31 July 2022 |
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At 31 July 2021 |
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Collar Factory Ltd
Notes to the Unaudited Financial Statements
Year Ended 31 July 2022
Investment properties |
2022 |
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At 1 August |
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Additions |
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At 31 July |
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There has been no valuation of investment property by an independent valuer.
Debtors |
2022 |
2021 |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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2022 |
2021 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Other creditors |
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Due after one year |
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Loans and borrowings |
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Other creditors |
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1,373,732 |
48,000 |
Creditors include bank loans and overdrafts which are secured of £37,328 (2021 - £2,000)
Collar Factory Ltd
Notes to the Unaudited Financial Statements
Year Ended 31 July 2022
Creditors: amounts falling due after more than one year
Creditors include bank loans and overdrafts which are secured of £861,957 (2021 - £48,000).
Creditors include bank loans repayable by instalments of £712,645 (2021 - £0.00) due after more than five years.
Included in other creditors is £511,775 is due to the director. It has been provided as a long term, interest free loan.