Collins Dairies Ltd,Ltd - AccountsLtd - Accounts

Collins Dairies Ltd,Ltd - AccountsLtd - Accounts

COLLINS DAIRIES LTD - Company Information

Print Friendly Version

2016-03-01 06077248 2017-02-28 06077248 2016-03-01 2017-02-28 06077248 2016-02-29 06077248 2015-03-01 2016-02-29 06077248 uk-core:WithinOneYear 2016-02-29 06077248 uk-core:WithinOneYear 2017-02-28 06077248 uk-core:ShareCapital 2017-02-28 06077248 uk-core:ShareCapital 2016-02-29 06077248 uk-core:RetainedEarningsAccumulatedLosses 2017-02-28 06077248 uk-core:RetainedEarningsAccumulatedLosses 2016-02-29 06077248 uk-bus:Director1 2016-03-01 2017-02-28 06077248 uk-core:NetGoodwill 2016-03-01 2017-02-28 06077248 uk-core:CommercialMotorVehicles 2016-03-01 2017-02-28 06077248 uk-core:FurnitureFittings 2016-03-01 2017-02-28 06077248 uk-core:Goodwill 2016-02-29 06077248 uk-core:Goodwill 2017-02-28 06077248 uk-core:Goodwill 2016-03-01 2017-02-28 06077248 uk-core:FurnitureFittings 2016-02-29 06077248 uk-core:CommercialMotorVehicles 2016-02-29 06077248 uk-core:CommercialMotorVehicles 2017-02-28 06077248 uk-core:FurnitureFittings 2017-02-28 iso4217:GBP 06077248 uk-bus:AuditExemptWithAccountantsReport 2016-03-01 2017-02-28 06077248 uk-bus:FRS102 2016-03-01 2017-02-28 06077248 uk-bus:FullAccounts 2016-03-01 2017-02-28 06077248 uk-bus:PrivateLimitedCompanyLtd 2016-03-01 2017-02-28
Collins Dairies Ltd
Registered Number:06077248
For the year ended 28 February 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2017
Collins Dairies Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
As at 28 February 2017
Collins Dairies Ltd
Statement of Financial Position
Registered Number :
06077248
£
£
2016
2017
Notes
Fixed assets
Intangible assets
9,425
18,125
2
Property, plant and equipment
54,736
54,334
3
64,161
72,459
Current assets
Inventories
2,425
2,275
Trade and other receivables
50,935
158,243
4
226,077
Cash and cash equivalents
129,347
289,865
279,437
Trade and other payables: amounts falling due within one
year
(189,824)
(138,758)
5
89,613
151,107
Net current assets
Total assets less current liabilities
215,268
162,072
215,268
Net assets
162,072
Capital and reserves
Called up share capital
1
1
Retained earnings
215,267
162,071
215,268
162,072
Shareholders' funds
For the year ended 28 February 2017 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 of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
John Parker Director
These financial statements were approved and authorised for issue by the Board on 28 November 2017 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 28 February 2017
Collins Dairies Ltd
Notes to the Financial Statements
Statutory Information
Collins Dairies Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 06077248.
Principal place of business:
128 High Street
Rayleigh
Essex
SS6 7BY
Registered address:
Unit 9 97-101 Peregrine Road
Hainault Business Park
Hainault
Essex
IG6 3XH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
5
For the year ended 28 February 2017
Collins Dairies Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 March 2016
58,000
At 28 February 2017
58,000
Amortisation
At 01 March 2016
39,875
8,700
Charge for year
At 28 February 2017
48,575
Net book value
At 28 February 2017
9,425
At 29 February 2016
18,125
3. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
£
£
£
Cost or
valuation
At 01 March 2016
66,703
6,895
59,808
4,510
-
4,510
Additions
At 28 February 2017
64,318
6,895
71,213
Provision for depreciation and impairment
At 01 March 2016
12,369
3,527
8,842
Charge for year
4,108
1,334
2,774
At 28 February 2017
16,477
4,861
11,616
At 28 February 2017
Net book value
52,702
2,034
54,736
At 29 February 2016
50,966
3,368
54,334
4. Trade and other receivables
2016
2017
£
£
Trade debtors
75,923
50,935
Other debtors
82,320
-
50,935
158,243
3 of 4
6
For the year ended 28 February 2017
Collins Dairies Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
32,140
55,515
Taxation and social security
28,118
32,149
Other creditors
78,500
102,160
138,758
189,824
4 of 4