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

REGISTERED NUMBER: 01459172 (England and Wales)

Financial Statements for the Year Ended 31 March 2023

for

Collinstown Construction Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs T A Westlake

M Nolan

SECRETARY:

Streatham Secretarial Limited

REGISTERED OFFICE:

Foresters Hall

25/27 Westow Street

Upper Norwood

London

SE19 3RY

REGISTERED NUMBER:

01459172 (England and Wales)

ACCOUNTANTS:

Gibsons Financial Limited

Chartered Accountants

Foresters Hall

25/27 Westow Street

Upper Norwood

London

SE19 3RY

FIXED ASSETS

Tangible assets

4

24,348

36,997

CURRENT ASSETS

Stock & work in progress

33,670

36,918

Debtors

291,229

196,089

Cash in hand

658

754

325,557

233,761

CREDITORS

Amounts falling due within one year

(239,906

)

(135,091

)

NET CURRENT ASSETS

85,651

98,670

TOTAL ASSETS LESS CURRENT LIABILITIES

109,999

135,667

CREDITORS

Amounts falling due after more than one year

5

(58,723

)

(74,991

)

NET ASSETS

51,276

60,676

CAPITAL AND RESERVES

Called up share capital

6

15,000

15,000

Retained earnings

7

36,276

45,676

SHAREHOLDERS' FUNDS

51,276

60,676

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 December 2023 and were signed on its behalf by:

M Nolan - Director

1.	STATUTORY INFORMATION

Collinstown 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.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Tools & equipment

-

25% on reducing balance

Stocks

Stock & work in progress 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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2022

202,520

Additions

3,329

At 31 March 2023

205,849

DEPRECIATION

At 1 April 2022

165,523

Charge for year

15,978

At 31 March 2023

181,501

NET BOOK VALUE

At 31 March 2023

24,348

At 31 March 2022

36,997

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31/3/23

31/3/22

£

£

Repayable by instalments

Bank loans > 5 years

20,630

25,000

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/23

31/3/22

value:

£

£

15,000

Ordinary

1

15,000

15,000

7.

RESERVES

Retained

earnings

£

At 1 April 2022

45,676

Deficit for the year

(100

)

Dividends

(9,300

)

At 31 March 2023

36,276