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REGISTERED NUMBER: 01907205 (England and Wales)















CLUB COLOURS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2023






CLUB COLOURS LIMITED (REGISTERED NUMBER: 01907205)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


CLUB COLOURS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: A K Middle





REGISTERED OFFICE: Town Wall House
Balkerne Hill
Colchester
Essex
CO3 3AD





REGISTERED NUMBER: 01907205 (England and Wales)

CLUB COLOURS LIMITED (REGISTERED NUMBER: 01907205)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 21,115 26,111

CURRENT ASSETS
Stocks 2,211 1,993
Debtors 5 7,506 9,866
Cash at bank and in hand 110,659 87,537
120,376 99,396
CREDITORS
Amounts falling due within one year 6 (44,159 ) (34,485 )
NET CURRENT ASSETS 76,217 64,911
TOTAL ASSETS LESS CURRENT LIABILITIES 97,332 91,022

CREDITORS
Amounts falling due after more than one
year

7

(23,333

)

(31,259

)

PROVISIONS FOR LIABILITIES (4,012 ) (4,578 )
NET ASSETS 69,987 55,185

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 69,887 55,085
69,987 55,185

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

CLUB COLOURS LIMITED (REGISTERED NUMBER: 01907205)

BALANCE SHEET - continued
30 APRIL 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 November 2023 and were signed by:





A K Middle - Director


CLUB COLOURS LIMITED (REGISTERED NUMBER: 01907205)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Club Colours Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£) and are rounded to the
nearest Pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


CLUB COLOURS LIMITED (REGISTERED NUMBER: 01907205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022 4,076 - 29,055 2,161 35,292
Additions - 276 - 973 1,249
At 30 April 2023 4,076 276 29,055 3,134 36,541
DEPRECIATION
At 1 May 2022 2,302 - 6,053 826 9,181
Charge for year 266 7 5,751 221 6,245
At 30 April 2023 2,568 7 11,804 1,047 15,426
NET BOOK VALUE
At 30 April 2023 1,508 269 17,251 2,087 21,115
At 30 April 2022 1,774 - 23,002 1,335 26,111

CLUB COLOURS LIMITED (REGISTERED NUMBER: 01907205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 4,264 6,957
Other debtors 745 412
5,009 7,369

Amounts falling due after more than one year:
Other debtors 2,497 2,497

Aggregate amounts 7,506 9,866

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,000 8,075
Trade creditors 16,012 12,821
Taxation and social security 14,091 7,350
Other creditors 6,056 6,239
44,159 34,485

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 23,333 31,259