Company Registration No. 10303949 (England and Wales)
Coleaco Limited
Unaudited accounts
for the year ended 30 November 2022
Coleaco Limited
Unaudited accounts
Contents
Coleaco Limited
Company Information
for the year ended 30 November 2022
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 2022
Tangible assets
7,305
7,997
Cash at bank and in hand
4,525
6,814
Creditors: amounts falling due within one year
(6,992)
(4,964)
Net current (liabilities)/assets
(2,467)
1,850
Total assets less current liabilities
4,838
9,847
Provisions for liabilities
Deferred tax
(1,388)
(1,520)
Called up share capital
100
100
Profit and loss account
3,350
8,227
Shareholders' funds
3,450
8,327
For the year ending 30 November 2022 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.
The financial statements were approved by the Board of Directors and authorised for issue on 19 April 2023 and were signed on its behalf by
Mr D Cole
Director
Company Registration No. 10303949
Coleaco Limited
Notes to the Accounts
for the year ended 30 November 2022
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 2022
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2021
9,570
5,244
14,814
At 30 November 2022
9,570
5,747
15,317
At 1 December 2021
3,369
3,448
6,817
Charge for the year
620
575
1,195
At 30 November 2022
3,989
4,023
8,012
At 30 November 2022
5,581
1,724
7,305
At 30 November 2021
6,201
1,796
7,997
5
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
1,142
1,165
6
Average number of employees
During the year the average number of employees was 1 (2021: 1).
