Colnside Construction Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03963810 (England and Wales)

Colnside Construction Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr K R Mustow

Mrs R L Mustow

REGISTERED OFFICE:

Unit 5 Springfield Farm

Perrotts Brook

Cirencester

GL7 7DT

REGISTERED NUMBER:

03963810 (England and Wales)

ACCOUNTANTS:

AMS Accountancy Limited

Delta 606

Welton Road

Delta Office Park

Swindon

Wiltshire

SN5 7XF

FIXED ASSETS

Intangible assets

4

4,800

6,000

Tangible assets

5

28,302

4,274

33,102

10,274

CURRENT ASSETS

Stocks

6

201

-

Debtors

7

55,533

12,430

Cash at bank

53,749

93,628

109,483

106,058

CREDITORS

Amounts falling due within one year

8

(12,347

)

(11,212

)

NET CURRENT ASSETS

97,136

94,846

TOTAL ASSETS LESS CURRENT LIABILITIES

130,238

105,120

CAPITAL AND RESERVES

Called up share capital

9

610

610

Capital redemption reserve

490

490

Retained earnings

129,138

104,020

SHAREHOLDERS' FUNDS

130,238

105,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2023 and were signed on its behalf by:

Mr K R Mustow - Director

Mrs R L Mustow - Director

1.	STATUTORY INFORMATION

Colnside Construction 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty 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.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

50,000

AMORTISATION

At 1 April 2022

44,000

Amortisation for year

1,200

At 31 March 2023

45,200

NET BOOK VALUE

At 31 March 2023

4,800

At 31 March 2022

6,000

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2022

9,603

19,962

1,021

30,586

Additions

1,349

35,072

-

36,421

Disposals

(2,929

)

(19,962

)

(416

)

(23,307

)

At 31 March 2023

8,023

35,072

605

43,700

DEPRECIATION

At 1 April 2022

8,097

17,688

527

26,312

Charge for year

428

8,768

96

9,292

Eliminated on disposal

(2,214

)

(17,688

)

(304

)

(20,206

)

At 31 March 2023

6,311

8,768

319

15,398

NET BOOK VALUE

At 31 March 2023

1,712

26,304

286

28,302

At 31 March 2022

1,506

2,274

494

4,274

6.

STOCKS

2023

2022

£

£

Stocks

201

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

54,535

11,773

Other debtors

998

657

55,533

12,430

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

5,005

5,510

Taxation and social security

5,328

3,612

Other creditors

2,014

2,090

12,347

11,212

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

510

Ordinary A

£1

510

510

100

Ordinary B

£1

100

100

610

610