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Company Registration No. 09798677 (England and Wales)
WEST4COLOURS LIMITED Unaudited accounts for the year ended 31 December 2023
WEST4COLOURS LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,996 
1,678 
Current assets
Debtors
16,234 
18,950 
Cash at bank and in hand
293 
4,525 
16,527 
23,475 
Creditors: amounts falling due within one year
(5,265)
(5,654)
Net current assets
11,262 
17,821 
Total assets less current liabilities
29,258 
19,499 
Creditors: amounts falling due after more than one year
(28,695)
(19,061)
Net assets
563 
438 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
463 
338 
Shareholders' funds
563 
438 
For the year ending 31 December 2023 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 director acknowledges his 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 and authorised for issue on 16 April 2024 and were signed on its behalf by
Mohamed Said Hamdi Elsayed Director Company Registration No. 09798677
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WEST4COLOURS LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
WEST4COLOURS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09798677. The registered office is Flat 6 Cromer Court, Hawthorne Crescent, Slough, SL1 3NL.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
25% straight line basis
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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WEST4COLOURS LIMITED Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 January 2023
13,427 
Additions
23,994 
Disposals
(13,427)
At 31 December 2023
23,994 
Depreciation
At 1 January 2023
11,749 
Charge for the year
5,998 
On disposals
(11,749)
At 31 December 2023
5,998 
Net book value
At 31 December 2023
17,996 
At 31 December 2022
1,678 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,820 
13,700 
Accrued income and prepayments
- 
5,250 
Other debtors
1,414 
- 
16,234 
18,950 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,000 
2,000 
Obligations under finance leases and hire purchase contracts
1,455 
- 
Taxes and social security
1,052 
2,896 
Other creditors
758 
758 
5,265 
5,654 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
4,167 
6,167 
Obligations under finance leases and hire purchase contracts
4,738 
- 
Other creditors
19,790 
12,894 
28,695 
19,061 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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WEST4COLOURS LIMITED Notes to the Accounts for the year ended 31 December 2023
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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