Collyers TMA Limited - Accounts to registrar (filleted) - small 23.2

Collyers TMA Limited - Accounts to registrar (filleted) - small 23.2


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REGISTERED NUMBER: 01593520 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st August 2022

for

COLLYERS TMA LIMITED

COLLYERS TMA LIMITED (REGISTERED NUMBER: 01593520)






Contents of the Financial Statements
for the year ended 31st August 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

COLLYERS TMA LIMITED

Company Information
for the year ended 31st August 2022







DIRECTORS: I J McLelland
P Bigwood
J V Bigwood
S A B Greenacre





SECRETARIES: I J McLelland
G McLelland





REGISTERED OFFICE: 2 Burton House
Repton Place
White Lion Road
Amersham
Buckinghamshire
HP7 9LP





REGISTERED NUMBER: 01593520 (England and Wales)





ACCOUNTANTS: Jacquards
2 Burton House
Repton Place
White Lion Road
Amersham
Buckinghamshire
HP7 9LP

COLLYERS TMA LIMITED (REGISTERED NUMBER: 01593520)

Balance Sheet
31st August 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 544,057 558,807
Investments 5 700 700
544,757 559,507

CURRENT ASSETS
Stocks and work-in-progress 271,186 225,022
Debtors 6 348,153 297,133
Cash at bank 60,767 270,254
680,106 792,409
CREDITORS
Amounts falling due within one year 7 215,413 225,751
NET CURRENT ASSETS 464,693 566,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,009,450

1,126,165

CREDITORS
Amounts falling due after more than one
year

8

(98,901

)

(147,256

)

PROVISIONS FOR LIABILITIES (26,233 ) (27,606 )
NET ASSETS 884,316 951,303

CAPITAL AND RESERVES
Called up share capital 179 179
Capital redemption reserve 71 71
Retained earnings 884,066 951,053
SHAREHOLDERS' FUNDS 884,316 951,303

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2022 in accordance with Section 476 of the Companies Act 2006.

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.

COLLYERS TMA LIMITED (REGISTERED NUMBER: 01593520)

Balance Sheet - continued
31st August 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st August 2023 and were signed on its behalf by:





S A B Greenacre - Director


COLLYERS TMA LIMITED (REGISTERED NUMBER: 01593520)

Notes to the Financial Statements
for the year ended 31st August 2022

1. STATUTORY INFORMATION

Collyers TMA Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Collyers TMA Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced fees and disbursements for services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold buildings- 2% straight line
Plant and machinery- 10% reducing balance
Fixtures and equipment- 20-25% reducing balance
Motor vehicles- 25% reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks and work-in-progress to their present location and condition.

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.


COLLYERS TMA LIMITED (REGISTERED NUMBER: 01593520)

Notes to the Financial Statements - continued
for the year ended 31st August 2022

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets held under finance leases and hire purchase agreements are included under fixed assets at the fair value of the asset. The capital element of the future payments are treated as a liability and the interest element is charged to the profit and loss account in the period that it accrues. Rentals paid under operating leases are charged to the profit and loss account as incurred.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
Fixed asset investments are stated at cost less provision for permanent diminution.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2021 - 26 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st September 2021 588,214 223,598 811,812
Additions - 4,334 4,334
At 31st August 2022 588,214 227,932 816,146
DEPRECIATION
At 1st September 2021 66,537 186,468 253,005
Charge for year 9,285 9,799 19,084
At 31st August 2022 75,822 196,267 272,089
NET BOOK VALUE
At 31st August 2022 512,392 31,665 544,057
At 31st August 2021 521,677 37,130 558,807

COLLYERS TMA LIMITED (REGISTERED NUMBER: 01593520)

Notes to the Financial Statements - continued
for the year ended 31st August 2022

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st September 2021 14,060
Transfer to ownership (14,060 )
At 31st August 2022 -
DEPRECIATION
At 1st September 2021 8,128
Transfer to ownership (8,128 )
At 31st August 2022 -
NET BOOK VALUE
At 31st August 2022 -
At 31st August 2021 5,932

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st September 2021
and 31st August 2022 180,700
PROVISIONS
At 1st September 2021
and 31st August 2022 180,000
NET BOOK VALUE
At 31st August 2022 700
At 31st August 2021 700

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 202,137 186,983
Amounts owed by group undertakings 61,878 43,446
Other debtors 84,138 66,704
348,153 297,133

COLLYERS TMA LIMITED (REGISTERED NUMBER: 01593520)

Notes to the Financial Statements - continued
for the year ended 31st August 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 45,133 43,466
Hire purchase contracts 3,222 3,515
Trade creditors 58,662 33,801
Taxation and social security 43,844 91,751
Other creditors 64,552 53,218
215,413 225,751

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 98,901 144,034
Hire purchase contracts - 3,222
98,901 147,256

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 144,034 187,500
Hire purchase contracts 3,222 6,737
147,256 194,237

10. RELATED PARTY DISCLOSURES

During the year, the Company was associated to the following companies:

Collyer Adjusters Ltd - non-trading subsidiary
Collyer Claims Services Ltd - non-trading associate
Collyers Fresh Ltd - trading subsidiary

11. ULTIMATE CONTROLLING PARTY



The ultimate controlling party are Mr J Bigwood and Mrs P Bigwood, directors and holders of 89.60% of the company's issued voting share capital.


Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Collyers TMA 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 Collyers TMA Limited for the year ended 31st August 2022 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Collyers TMA 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 Collyers TMA Limited and state those matters that we have agreed to state to the Board of Directors of Collyers TMA Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Collyers TMA Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Collyers TMA 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 Collyers TMA Limited. You consider that Collyers TMA 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 Collyers TMA 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.






Jacquards
2 Burton House
Repton Place
White Lion Road
Amersham
Buckinghamshire
HP7 9LP


31st August 2023