Caseware UK (AP4) 2022.0.179 2022.0.179 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity2022-04-01false23true 11406575 2022-04-01 2023-03-31 11406575 2021-04-01 2022-03-31 11406575 2023-03-31 11406575 2022-03-31 11406575 c:Director2 2022-04-01 2023-03-31 11406575 d:CurrentFinancialInstruments 2023-03-31 11406575 d:CurrentFinancialInstruments 2022-03-31 11406575 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11406575 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 11406575 d:ShareCapital 2023-03-31 11406575 d:ShareCapital 2022-03-31 11406575 d:RetainedEarningsAccumulatedLosses 2023-03-31 11406575 d:RetainedEarningsAccumulatedLosses 2022-03-31 11406575 c:FRS102 2022-04-01 2023-03-31 11406575 c:Audited 2022-04-01 2023-03-31 11406575 c:FullAccounts 2022-04-01 2023-03-31 11406575 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11406575 c:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 11406575









Life in Colour Ltd









Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2023

 
Life in Colour Ltd
Registered number: 11406575

Balance Sheet
As at 31 March 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
946,439
1,755,545

  
946,439
1,755,545

Creditors: amounts falling due within one year
 5 
(277,089)
(1,325,503)

Net current assets
  
 
 
669,350
 
 
430,042

  

Net assets
  
669,350
430,042


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
669,349
430,041

  
669,350
430,042


The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




I Wilson
Director

Date: 11 October 2023

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
Life in Colour Ltd
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2023

1.


General information

Life In Colour Ltd is a company limited by share capital registered in England and Wales, Company number 11406575. The registered office address is  Unit 9, Acorn Business Park, Heaton Lane, Stockport, SK4 1AS. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 -3).

Page 2

 
Life in Colour Ltd
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2023

4.


Debtors

2023
2022
£
£


Trade debtors
746,019
1,755,545

Prepayments and accrued income
200,420
-

946,439
1,755,545



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
222,804
316,785

Accruals and deferred income
54,285
1,008,718

277,089
1,325,503



6.


Controlling party

The company's ultimate parent undertaking is Borough Care Limited, a Community Benefit Society registered in England and Wales, registration number 27788R. Borough Care Limited's registered office is Unit 9 Acorn Business Park, Heaton Lane, Stockport, Cheshire, SK4 1AS.
Borough Care Limited is the parent company of the largest and smallest group for which consolidated financial statements are drawn up of which the company is a member. The consolidated financial statements can be obtained from Borough Care Limited, Unit 9 Acorn Business Park, Heaton Lane, Stockport, Cheshire, SK4 1AS.


7.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2023 was unqualified.

The audit report was signed on 20 October 2023 by Helen Besant-Roberts (Senior Statutory Auditor) on behalf of Hurst Accountants Limited.

Page 3