Company Registration No. 05070767 (England and Wales)
COLLIER & COMPANY LTD.
Unaudited accounts
for the year ended 31 March 2017
COLLIER & COMPANY LTD.
Unaudited accounts
Contents
COLLIER & COMPANY LTD.
Company Information
for the year ended 31 March 2017
Director
Dr Mark Damian Collier
Company Number
05070767 (England and Wales)
Registered Office
Suite 209
28-42 Clements Road
Ilford
Essex
IG1 1BA
United Kingdom
Accountants
CBM Accounting LTD
Suite 209
28-42 Clements Road
Ilford
Essex
IG1 1BA
COLLIER & COMPANY LTD.
Statement of financial position
as at
31 March 2017
Intangible assets
48,029
54,362
Tangible assets
11,764
19,502
Cash at bank and in hand
386,230
407,520
Creditors: amounts falling due within one year
(186,929)
(222,515)
Net current assets
375,329
299,786
Net assets
435,122
373,650
Called up share capital
100
100
Profit and loss account
435,022
373,550
Shareholders' funds
435,122
373,650
For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 5 December 2017.
Dr Mark Damian Collier
Director
Company Registration No. 05070767
COLLIER & COMPANY LTD.
Notes to the Accounts
for the year ended 31 March 2017
COLLIER & COMPANY LTD. is a private company, limited by shares, registered in England and Wales, registration number 05070767. The registered office is Suite 209, 28-42 Clements Road, Ilford, Essex, IG1 1BA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight line
Motor vehicles
20% Straight line
Fixtures & fittings
33.33% Straight line
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
COLLIER & COMPANY LTD.
Notes to the Accounts
for the year ended 31 March 2017
4
Intangible fixed assets
Goodwill
Charge for the year
6,333
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2016
10,193
39,234
1,248
685
51,360
At 31 March 2017
10,501
39,234
1,248
685
51,668
At 1 April 2016
10,193
20,280
1,248
137
31,858
Charge for the year
62
7,847
-
137
8,046
At 31 March 2017
10,255
28,127
1,248
274
39,904
At 31 March 2017
246
11,107
-
411
11,764
At 31 March 2016
-
18,954
-
548
19,502
Finished goods
2,118
1,093
Trade debtors
170,523
107,631
Accrued income and prepayments
-
2,670
Other debtors
3,387
3,387
COLLIER & COMPANY LTD.
Notes to the Accounts
for the year ended 31 March 2017
8
Creditors: amounts falling due within one year
2017
2016
Trade creditors
8,131
15,840
Taxes and social security
80,026
95,143
Other creditors
98,772
111,532
9
Share capital
2017
2016
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Transactions with related parties
At the balance sheet date the company owed director Dr M Collier .£98,772.00
The ultimate controlling party is the director Dr M Collier by virtue of his holding 100% of the issued share capital.
12
Average number of employees
During the year the average number of employees was 5 (2016: 6).