Company Registration No. 05070767 (England and Wales)
COLLIER & COMPANY LTD.
Unaudited accounts
for the year ended 31 March 2020
COLLIER & COMPANY LTD.
Unaudited accounts
Contents
COLLIER & COMPANY LTD.
Company Information
for the year ended 31 March 2020
Director
Dr Mark Damian Collier
Company Number
05070767 (England and Wales)
Registered Office
Office 324 Olympic House
28-42 Clements Road
Ilford
Essex
IG1 1BA
Accountants
CBM Accounting LTD
Office 324 Olympic House
28-42 Clements Road
Ilford
Essex
IG1 1BA
COLLIER & COMPANY LTD.
Statement of financial position
as at
31 March 2020
Intangible assets
29,030
35,363
Tangible assets
38,412
31,116
Cash at bank and in hand
436,757
487,906
Creditors: amounts falling due within one year
(193,481)
(224,900)
Net current assets
588,016
581,416
Total assets less current liabilities
655,458
647,895
Provisions for liabilities
Other provisions
(49,661)
(39,575)
Net assets
605,797
608,320
Called up share capital
100
100
Profit and loss account
605,697
608,220
Shareholders' funds
605,797
608,320
For the year ending 31 March 2020 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.
The financial statements were approved by the Board and authorised for issue on 23 February 2021 and were signed on its behalf by
Dr Mark Damian Collier
Director
Company Registration No. 05070767
COLLIER & COMPANY LTD.
Notes to the Accounts
for the year ended 31 March 2020
COLLIER & COMPANY LTD. is a private company, limited by shares, registered in England and Wales, registration number 05070767. The registered office is Office 324 Olympic House, 28-42 Clements Road, Ilford, Essex, IG1 1BA.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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% Reducing Balance Method
Motor vehicles
20% Reducing Balance Method
Computer equipment
20% Reducing Balance Method
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 2020
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 2019
10,501
73,229
1,248
2,163
87,141
Additions
-
16,900
-
-
16,900
At 31 March 2020
10,501
90,129
1,248
2,163
104,041
At 1 April 2019
10,354
43,425
1,248
998
56,025
Charge for the year
30
9,341
-
233
9,604
At 31 March 2020
10,384
52,766
1,248
1,231
65,629
At 31 March 2020
117
37,363
-
932
38,412
At 31 March 2019
147
29,804
-
1,165
31,116
Trade debtors
329,235
312,905
Other debtors
13,387
3,387
Total debtors less than one year
342,622
316,292
Total debtors
342,622
316,292
COLLIER & COMPANY LTD.
Notes to the Accounts
for the year ended 31 March 2020
7
Creditors: amounts falling due within one year
2020
2019
Trade creditors
8,067
32,176
Taxes and social security
116,126
112,214
Other creditors
69,288
80,510
8
Provisions for liabilities
£
Additional provisions made during the period
10,086
'Other Provision' of £49,661.00 represents allowance for doubtful debt as of 31/03/2020.
9
Share capital
2020
2019
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 £62,994.00
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 7 (2019: 7).