WH Collier Ltd - Accounts to registrar (filleted) - small 23.2.5

WH Collier Ltd - Accounts to registrar (filleted) - small 23.2.5

W.H.COLLIER LIMITED - Company Information

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REGISTERED NUMBER: 00706704 (England and Wales)















WH COLLIER LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023






WH COLLIER LTD (REGISTERED NUMBER: 00706704)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


WH COLLIER LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs N Lax
Mr M Strugnell





SECRETARY: Mrs J A Longman





REGISTERED OFFICE: Church Lane
Marks Tey
Colchester
Essex
CO6 1LN





REGISTERED NUMBER: 00706704 (England and Wales)
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WH COLLIER LTD (REGISTERED NUMBER: 00706704)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 22,438 27,527

CURRENT ASSETS
Stocks 101,642 104,775
Debtors 5 83,357 78,288
Cash at bank and in hand 199,104 88,600
384,103 271,663
CREDITORS
Amounts falling due within one year 6 (62,154 ) (32,941 )
NET CURRENT ASSETS 321,949 238,722
TOTAL ASSETS LESS CURRENT LIABILITIES 344,387 266,249

PROVISIONS FOR LIABILITIES (4,020 ) -
NET ASSETS 340,367 266,249

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Retained earnings 315,367 241,249
340,367 266,249

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

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

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WH COLLIER LTD (REGISTERED NUMBER: 00706704)

BALANCE SHEET - continued
31 DECEMBER 2023


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 27 March 2024 and were signed on its behalf by:




Mrs N Lax - Director



Mr M Strugnell - Director


The notes form part of these financial statements

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WH COLLIER LTD (REGISTERED NUMBER: 00706704)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

WH Collier Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - at variable rates 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 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.


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WH COLLIER LTD (REGISTERED NUMBER: 00706704)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


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.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 292,020 420,929 712,949
DEPRECIATION
At 1 January 2023 292,020 393,402 685,422
Charge for year - 5,089 5,089
At 31 December 2023 292,020 398,491 690,511
NET BOOK VALUE
At 31 December 2023 - 22,438 22,438
At 31 December 2022 - 27,527 27,527

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WH COLLIER LTD (REGISTERED NUMBER: 00706704)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 83,357 73,355
Other debtors - 4,933
83,357 78,288

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,432 10,715
Taxation and social security 44,995 16,888
Other creditors 5,727 5,338
62,154 32,941

7. SECURED DEBTS

A fixed and floating charge was created in favour of National Westminster Bank PLC on 8th September 2005 over the undertaking and all property and assets of the business.

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