COLOUR CLAD PROFILES LTD

Company Registration Number:
11561838 (England and Wales)

Unaudited abridged accounts for the year ended 29 September 2022

Period of accounts

Start date: 01 October 2021

End date: 29 September 2022

COLOUR CLAD PROFILES LTD

Contents of the Financial Statements

for the Period Ended 29 September 2022

Balance sheet
Notes

COLOUR CLAD PROFILES LTD

Balance sheet

As at 29 September 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 865,594 228,030
Total fixed assets: 865,594 228,030
Current assets
Stocks: 275,000 85,750
Debtors:   701,958 294,798
Cash at bank and in hand: 54,311 574,430
Total current assets: 1,031,269 954,978
Creditors: amounts falling due within one year: 4 (1,061,685) (475,087)
Net current assets (liabilities): (30,416) 479,891
Total assets less current liabilities: 835,178 707,921
Creditors: amounts falling due after more than one year: 5 (634,355) (166,090)
Total net assets (liabilities): 200,823 541,831
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 200,822 541,830
Shareholders funds: 200,823 541,831

The notes form part of these financial statements

COLOUR CLAD PROFILES LTD

Balance sheet statements

For the year ending 29 September 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 November 2023
and signed on behalf of the board by:

Name: S Denham
Status: Director

The notes form part of these financial statements

COLOUR CLAD PROFILES LTD

Notes to the Financial Statements

for the Period Ended 29 September 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

Turnover is measured at fair value of the consideration received or receivable for goods supplied and services rendered, net of vatRevenue from the sale of goods is recognised when the significant risk or rewards of ownership have transferred to the buyer and the costs incurred ar to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less depreciation and impairment losses.Any assets carried at revaluation are recorded at their fair value at the date of revaluation less any subsequent depreciation . The increase in the carrying amount of the asset as a result of revaluation is recognised in other comprehensive income and accumulated in capital and reserves.Depreciation is calculated to write off the cost of the assets , less their residual value, over the useful economic life of that asset as follows:Plant and Machinery 15% reducing balanceFixtures and Fittings 25% reducing balanceMotor Vehicles 25% reducing balance

COLOUR CLAD PROFILES LTD

Notes to the Financial Statements

for the Period Ended 29 September 2022

2. Employees

2022 2021
Average number of employees during the period 11 8

COLOUR CLAD PROFILES LTD

Notes to the Financial Statements

for the Period Ended 29 September 2022

3. Tangible Assets

Total
Cost £
At 01 October 2021 254,378
Additions 847,562
Disposals (201,509)
Revaluations 76,798
At 29 September 2022 977,229
Depreciation
At 01 October 2021 26,348
Charge for year 85,287
At 29 September 2022 111,635
Net book value
At 29 September 2022 865,594
At 30 September 2021 228,030

COLOUR CLAD PROFILES LTD

Notes to the Financial Statements

for the Period Ended 29 September 2022

4. Creditors: amounts falling due within one year note

2022 2023Bank Loans and overdrafts 112,937 1,552Trade Creditors 783,550 201,228Corporation Tax 58,091 78,103Social Security and other tax 8,244 135,244Other creditors 98,863 58,960Total 1,061,685 475,087

COLOUR CLAD PROFILES LTD

Notes to the Financial Statements

for the Period Ended 29 September 2022

5. Creditors: amounts falling due after more than one year note

2022 2021Bank loans and overdrafts 466,069 46,259Other Creditors 168,286 119,831Total 634,355 166,090

COLOUR CLAD PROFILES LTD

Notes to the Financial Statements

for the Period Ended 29 September 2022

6. Related party transactions

Name of the related party: Denham Developments Limited
Relationship:
Loan
Description of the Transaction: The company has made a loan to a company which is owned by the director and shareholder of Colour Clad Profiles Ltd.
£
Balance at 01 October 2021 21,500
Balance at 29 September 2022 142,890