Columbo South Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09411281 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2022

for

Columbo South Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

5

DIRECTORS:

S I Ball

R Shaikh

A G Peyton BSc

REGISTERED OFFICE:

B.c.l. House 2 Pavilion Business Park

Royds Hall Road

Leeds

LS12 6AJ

REGISTERED NUMBER:

09411281 (England and Wales)

ACCOUNTANTS:

SMH BCL Accountants Limited

BCL House

2 Pavilion Business Park

Royds Hall Road

Leeds

LS12 6AJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

391,761

445,691

391,761

445,691

CURRENT ASSETS

Stocks

26,352

1,160

Debtors

6

280,759

112,773

Cash at bank and in hand

634,464

409,042

941,575

522,975

CREDITORS

Amounts falling due within one year

7

600,248

788,299

NET CURRENT ASSETS/(LIABILITIES)

341,327

(265,324

)

TOTAL ASSETS LESS CURRENT LIABILITIES

733,088

180,367

CREDITORS

Amounts falling due after more than one year

8

-

(34,840

)

PROVISIONS FOR LIABILITIES

(5,297

)

(6,614

)

NET ASSETS

727,791

138,913

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

726,791

137,913

SHAREHOLDERS' FUNDS

727,791

138,913

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 21 June 2023 and were signed on its behalf by:

S I Ball - Director

1.	STATUTORY INFORMATION

Columbo South 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is measured at the fair value of the consideration received or receivable, excluding promotions, staff discounts, wastage and value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

Straight line over 17 years

Improvements to property

-

Straight line over 17 years

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33.3333% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2021 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2022

and 31 December 2022

100,000

AMORTISATION

At 1 January 2022

and 31 December 2022

100,000

NET BOOK VALUE

At 31 December 2022

-

At 31 December 2021

-

5.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 January 2022

293,343

199,721

415,104

Additions

-

-

2,120

At 31 December 2022

293,343

199,721

417,224

DEPRECIATION

At 1 January 2022

107,644

74,501

309,033

Charge for year

17,255

11,748

21,307

At 31 December 2022

124,899

86,249

330,340

NET BOOK VALUE

At 31 December 2022

168,444

113,472

86,884

At 31 December 2021

185,699

125,220

106,071

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2022

114,606

32,706

1,055,480

Additions

-

-

2,120

At 31 December 2022

114,606

32,706

1,057,600

DEPRECIATION

At 1 January 2022

85,905

32,706

609,789

Charge for year

5,740

-

56,050

At 31 December 2022

91,645

32,706

665,839

NET BOOK VALUE

At 31 December 2022

22,961

-

391,761

At 31 December 2021

28,701

-

445,691

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

64,759

31,745

Other debtors

216,000

81,028

280,759

112,773

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans and overdrafts

56,389

138,676

Trade creditors

115,255

85,303

Taxation and social security

171,438

128,696

Other creditors

257,166

435,624

600,248

788,299

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans

-

34,840

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors by virtue of their controlling shareholdings.