COLOUR CLAD PROFILES LTD

Company Registration Number:
11561838 (England and Wales)

Unaudited abridged accounts for the year ended 29 September 2023

Period of accounts

Start date: 30 September 2022

End date: 29 September 2023

COLOUR CLAD PROFILES LTD

Contents of the Financial Statements

for the Period Ended 29 September 2023

Balance sheet
Notes

COLOUR CLAD PROFILES LTD

Balance sheet

As at 29 September 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,142,430 865,594
Total fixed assets: 1,142,430 865,594
Current assets
Stocks: 281,250 275,000
Debtors:   623,737 701,958
Cash at bank and in hand: 44,410 54,311
Total current assets: 949,397 1,031,269
Creditors: amounts falling due within one year: 4 (1,126,625) (1,061,685)
Net current assets (liabilities): (177,228) (30,416)
Total assets less current liabilities: 965,202 835,178
Creditors: amounts falling due after more than one year: 5 (727,254) (634,355)
Total net assets (liabilities): 237,948 200,823
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 237,947 200,822
Shareholders funds: 237,948 200,823

The notes form part of these financial statements

COLOUR CLAD PROFILES LTD

Balance sheet statements

For the year ending 29 September 2023 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 2023

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 discounts and vat.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer and the costs incurred or 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 and accumulated depreciation.Any asset carried at revalued amounts are recorded at their fair value at the date of revaluation less any subsequent accumulated depreciation and impairment losses.The increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves.Depreciation is calculated to write off the cost or valuation of an asset , less its 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 2023

2. Employees

2023 2022
Average number of employees during the period 13 11

COLOUR CLAD PROFILES LTD

Notes to the Financial Statements

for the Period Ended 29 September 2023

3. Tangible Assets

Total
Cost £
At 30 September 2022 977,229
Additions 356,330
At 29 September 2023 1,333,559
Depreciation
At 30 September 2022 111,635
Charge for year 79,494
At 29 September 2023 191,129
Net book value
At 29 September 2023 1,142,430
At 29 September 2022 865,594

COLOUR CLAD PROFILES LTD

Notes to the Financial Statements

for the Period Ended 29 September 2023

4. Creditors: amounts falling due within one year note

2023 2022Bank Loans and overdrafts 243,393 112,937Trade creditors 541,791 783,550Corporation tax 58,091Social security and other tax 178,673 8,244Other creditors 162,768 98,863Total 1,126,625 1,061,685

COLOUR CLAD PROFILES LTD

Notes to the Financial Statements

for the Period Ended 29 September 2023

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

2023 2022Bank loans and overdrafts 427,499 466,069Other creditors 299,755 168,286Total 727,254 634,355

COLOUR CLAD PROFILES LTD

Notes to the Financial Statements

for the Period Ended 29 September 2023

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 owned by the director and shareholder of Colour Clad Profiles Ltd
£
Balance at 30 September 2022 142,900
Balance at 29 September 2023 125,900