Company Registration No. 06338330 (England and Wales)
Colvill Banks Limited
Unaudited accounts
for the year ended 31 March 2022
Colvill Banks Limited
Unaudited accounts
Contents
Colvill Banks Limited
Company Information
for the year ended 31 March 2022
Directors
Mr Mark Swain
Mr Prems Srampical
Mrs Swyta Bahuguna
Secretary
Power Secretaries Ltd
Company Number
06338330 (England and Wales)
Registered Office
Hollythorns House The Hollythorns
Swanmore
Southampton
Hampshire
SO32 2NW
ENGLAND
Accountants
Power Accountax Limited
Seafarers Court
12-14 Queens Terrace
Southampton
SO14 3SG
Colvill Banks Limited
Statement of financial position
as at 31 March 2022
Intangible assets
6,519
8,692
Tangible assets
9,686
3,665
Cash at bank and in hand
424,728
180,645
Creditors: amounts falling due within one year
(402,629)
(417,059)
Net current assets
386,536
40,494
Total assets less current liabilities
402,741
52,851
Creditors: amounts falling due after more than one year
(44,167)
(50,000)
Provisions for liabilities
Other provisions
(35,505)
(35,505)
Net assets/(liabilities)
320,383
(33,365)
Colvill Banks Limited
Statement of financial position
as at 31 March 2022 (continued)
Called up share capital
5,100
5,100
Profit and loss account
310,383
(43,365)
Shareholders' funds
320,383
(33,365)
For the year ending 31 March 2022 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 directors acknowledge their 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 of Directors and authorised for issue on 31 August 2022 and were signed on its behalf by
Mr Mark Swain
Director
Company Registration No. 06338330
Colvill Banks Limited
Notes to the Accounts
for the year ended 31 March 2022
Colvill Banks Limited is a private company, limited by shares, registered in England and Wales, registration number 06338330. The registered office is Hollythorns House The Hollythorns, Swanmore, Southampton, Hampshire, SO32 2NW, ENGLAND.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on Written Down Value
Computer equipment
25% on Written Down Value
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation rate is 25% on written down value.
Colvill Banks Limited
Notes to the Accounts
for the year ended 31 March 2022
4
Intangible fixed assets
Other
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2021
6,891
27,464
34,355
Additions
2,939
6,311
9,250
At 31 March 2022
9,830
33,775
43,605
At 1 April 2021
6,054
24,636
30,690
Charge for the year
944
2,285
3,229
At 31 March 2022
6,998
26,921
33,919
At 31 March 2022
2,832
6,854
9,686
At 31 March 2021
837
2,828
3,665
6
Debtors: amounts falling due within one year
2022
2021
Trade debtors
244,384
109,419
Amounts due from group undertakings etc.
-
9,207
Accrued income and prepayments
104,632
136,413
Other debtors
15,421
21,869
Colvill Banks Limited
Notes to the Accounts
for the year ended 31 March 2022
7
Creditors: amounts falling due within one year
2022
2021
Trade creditors
18,579
8,495
Amounts owed to group undertakings and other participating interests
296,659
361,129
Taxes and social security
51,619
4,830
8
Creditors: amounts falling due after more than one year
2022
2021
9
Deferred taxation
2022
2021
Accelerated capital allowances
2,686
711
Provision at start of year
711
1,565
Charged/(credited) to the profit and loss account
1,975
(854)
Provision at end of year
2,686
711
10
Provisions for liabilities
£
11
Average number of employees
During the year the average number of employees was 11 (2021: 5).
