Colton Growth Ltd
Colton Growth Ltd
Registered number: 13349489
Financial Statements
For The Year Ended
28 February 2023
Fruition Accountancy (Sterling) Limited
Unit 4, Three Spires House
Station Road
Lichfield
Staffordshire
WS13 6HX
Colton Growth Ltd
Financial Statements
For The Year Ended
28 February 2023
Financial Statements
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Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—4 |
Page 1
Colton Growth Ltd
Balance Sheet
As At
28 February 2023
Balance Sheet
Registered number:
13349489
For the year ending 28 February 2023 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
28 February 2023 | 28 February 2022 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Investment Properties | 4 |
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CURRENT ASSETS | |||||
Debtors | 5 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 6 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET (LIABILITIES)/ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 7 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | (32,145) | 1 | |||
Page 1
Page 2
Colton Growth Ltd
Balance Sheet (continued)
As At
28 February 2023
On behalf of the board
Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Colton Growth Ltd
Notes to the Financial Statements
For The Year Ended
28 February 2023
Notes to the Financial Statements
1.
General Information
Colton Growth Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
13349489
. The registered office is 1 Lea Croft, Colton, Rugeley, WS15 3NB.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
4.
Investment Property
28 February 2023 | |
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£ | |
Fair Value | |
As at
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Additions |
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As at
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Page 3
Page 4
Colton Growth Ltd
Notes to the Financial Statements (continued)
For The Year Ended
28 February 2023
5.
Debtors
28 February 2023 | 28 February 2022 | ||
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£ | £ | ||
Due within one year | |||
Other debtors |
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6.
Creditors: Amounts Falling Due Within One Year
28 February 2023 | 28 February 2022 | ||
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£ | £ | ||
Trade creditors |
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Accruals and deferred income |
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Directors' loan accounts |
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7.
Share Capital
28 February 2023 | 28 February 2022 | ||
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£ | £ | ||
Allotted, Called up and fully paid |
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Page 4