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REGISTERED NUMBER: 13145670 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

COLOURPOINT GROUP LIMITED

COLOURPOINT GROUP LIMITED (REGISTERED NUMBER: 13145670)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


COLOURPOINT GROUP LIMITED (REGISTERED NUMBER: 13145670)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

30/6/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 41,327 -
Tangible assets 5 547,466 37,362
Investments 6 3 3
588,796 37,365

CURRENT ASSETS
Stocks 45,026 -
Debtors 7 793,922 296,204
Cash at bank 29,776 58,586
868,724 354,790
CREDITORS
Amounts falling due within one year 8 867,540 198,019
NET CURRENT ASSETS 1,184 156,771
TOTAL ASSETS LESS CURRENT
LIABILITIES

589,980

194,136

CREDITORS
Amounts falling due after more than one year 9 (281,218 ) -

PROVISIONS FOR LIABILITIES (98,960 ) (5,411 )
NET ASSETS 209,802 188,725

CAPITAL AND RESERVES
Called up share capital 12 1,000 1,000
Retained earnings 208,802 187,725
SHAREHOLDERS' FUNDS 209,802 188,725

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

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

The directors acknowledge their 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.

COLOURPOINT GROUP LIMITED (REGISTERED NUMBER: 13145670)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 March 2024 and were signed on its behalf by:





D Dineen - Director


COLOURPOINT GROUP LIMITED (REGISTERED NUMBER: 13145670)

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

1. STATUTORY INFORMATION

Colourpoint Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13145670

Registered office: Units A & B
Wessex Road Industrial Estate
Wessex Road
Bourne End
Buckinghamshire
SL8 5DT

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Leasehold property - 20% on cost
Plant and machinery - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


COLOURPOINT GROUP LIMITED (REGISTERED NUMBER: 13145670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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 statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 44 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 50,592
At 30 June 2023 50,592
AMORTISATION
Amortisation for year 9,265
At 30 June 2023 9,265
NET BOOK VALUE
At 30 June 2023 41,327

COLOURPOINT GROUP LIMITED (REGISTERED NUMBER: 13145670)

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

5. TANGIBLE FIXED ASSETS
Leasehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 July 2022 9,036 29,188 - 38,224
Additions - 589,399 11,368 600,767
At 30 June 2023 9,036 618,587 11,368 638,991
DEPRECIATION
At 1 July 2022 151 711 - 862
Charge for year 1,807 85,626 3,230 90,663
At 30 June 2023 1,958 86,337 3,230 91,525
NET BOOK VALUE
At 30 June 2023 7,078 532,250 8,138 547,466
At 30 June 2022 8,885 28,477 - 37,362

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 354,058
At 30 June 2023 354,058
DEPRECIATION
Charge for year 48,412
At 30 June 2023 48,412
NET BOOK VALUE
At 30 June 2023 305,646

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 3
NET BOOK VALUE
At 30 June 2023 3
At 30 June 2022 3

COLOURPOINT GROUP LIMITED (REGISTERED NUMBER: 13145670)

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

6. FIXED ASSET INVESTMENTS - continued

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

MB1 Masters Limited
Registered office: Inside UK
Nature of business: Printing
%
Class of shares: holding
Ordinary 100.00
30/6/23 30/6/22
£    £   
Aggregate capital and reserves 1,067 114,985
(Loss)/profit for the year/period (113,918 ) 114,984

MB2 Creative Limited
Registered office: Inside UK
Nature of business: Printing
%
Class of shares: holding
Ordinary 100.00
30/6/23 30/6/22
£    £   
Aggregate capital and reserves 64,838 54,537
Profit for the year/period 10,301 54,536

MB3 Vidioh Limited
Registered office: Inside UK
Nature of business: Printing
%
Class of shares: holding
Ordinary 100.00
30/6/23 30/6/22
£    £   
Aggregate capital and reserves 652 689
(Loss)/profit for the year/period (37 ) 688

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade debtors 606,370 33,667
Amounts owed by group undertakings 137,281 220,897
Other debtors 50,271 41,640
793,922 296,204

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Bank loans and overdrafts 319,837 -
Hire purchase contracts (see note 10) 72,278 -
Trade creditors 221,209 157,049
Taxation and social security 70,741 39,370
Other creditors 183,475 1,600
867,540 198,019

COLOURPOINT GROUP LIMITED (REGISTERED NUMBER: 13145670)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/6/23 30/6/22
£    £   
Hire purchase contracts (see note 10) 227,532 -
Amounts owed to group undertakings 53,686 -
281,218 -

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30/6/23 30/6/22
£    £   
Net obligations repayable:
Within one year 72,278 -
Between one and five years 227,532 -
299,810 -

Non-cancellable operating leases
30/6/23 30/6/22
£    £   
Within one year 107,411 -

11. SECURED DEBTS

The following secured debts are included within creditors:

30/6/23 30/6/22
£    £   
Bank overdraft 319,837 -
Hire purchase contracts 299,810 -
619,647 -

The bank overdraft relates to amounts received from an invoice discounting facility which is secured by a fixed and floating charge over the assets of the company.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/23 30/6/22
value: £    £   
1,000 Ordinary £1 1,000 1,000

COLOURPOINT GROUP LIMITED (REGISTERED NUMBER: 13145670)

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

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 June 2023 and the period ended 30 June 2022:

30/6/23 30/6/22
£    £   
K Hnat
Balance outstanding at start of year 7,500 -
Amounts advanced - 7,500
Amounts repaid (7,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 7,500

14. RELATED PARTY DISCLOSURES

The ultimate controlling party is D Dineen.