Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 08590379 Miss Alison Standish iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08590379 2022-07-31 08590379 2023-07-31 08590379 2022-08-01 2023-07-31 08590379 frs-core:CurrentFinancialInstruments 2023-07-31 08590379 frs-core:Non-currentFinancialInstruments 2023-07-31 08590379 frs-core:ComputerEquipment 2023-07-31 08590379 frs-core:ComputerEquipment 2022-08-01 2023-07-31 08590379 frs-core:ComputerEquipment 2022-07-31 08590379 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 08590379 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 08590379 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-07-31 08590379 frs-core:PlantMachinery 2023-07-31 08590379 frs-core:PlantMachinery 2022-08-01 2023-07-31 08590379 frs-core:PlantMachinery 2022-07-31 08590379 frs-core:ShareCapital 2023-07-31 08590379 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 08590379 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 08590379 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 08590379 frs-bus:SmallEntities 2022-08-01 2023-07-31 08590379 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 08590379 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 08590379 frs-bus:Director1 2022-08-01 2023-07-31 08590379 frs-countries:EnglandWales 2022-08-01 2023-07-31 08590379 2021-07-31 08590379 2022-07-31 08590379 2021-08-01 2022-07-31 08590379 frs-core:CurrentFinancialInstruments 2022-07-31 08590379 frs-core:Non-currentFinancialInstruments 2022-07-31 08590379 frs-core:ShareCapital 2022-07-31 08590379 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 08590379
The Colour Ministry Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Still Accounting Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08590379
2023 2022
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30,693 34,883
30,693 34,883
CURRENT ASSETS
Stocks 5 4,840 8,380
Debtors 6 1,432 1,243
Cash at bank and in hand 1,103 266
7,375 9,889
Creditors: Amounts Falling Due Within One Year 7 (231,082 ) (221,725 )
NET CURRENT ASSETS (LIABILITIES) (223,707 ) (211,836 )
TOTAL ASSETS LESS CURRENT LIABILITIES (193,014 ) (176,953 )
Creditors: Amounts Falling Due After More Than One Year 8 (1,188 ) (1,822 )
NET LIABILITIES (194,202 ) (178,775 )
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account (194,212 ) (178,785 )
SHAREHOLDERS' FUNDS (194,202) (178,775)
Page 1
Page 2
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Alison Standish
Director
18/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Colour Ministry Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08590379 . The registered office is 56 Coniston Road, Goring-By-Sea, Worthing, West Sussex, BN12 6JT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Straight line over 15 years
Plant & Machinery 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2022 52,939 9,358 7,545 69,842
Additions - - 503 503
As at 31 July 2023 52,939 9,358 8,048 70,345
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 August 2022 22,206 6,383 6,370 34,959
Provided during the period 3,529 744 420 4,693
As at 31 July 2023 25,735 7,127 6,790 39,652
Net Book Value
As at 31 July 2023 27,204 2,231 1,258 30,693
As at 1 August 2022 30,733 2,975 1,175 34,883
5. Stocks
2023 2022
as restated
£ £
Stock 4,840 8,380
6. Debtors
2023 2022
as restated
£ £
Due within one year
Trade debtors 1,369 981
Other debtors 63 262
1,432 1,243
7. Creditors: Amounts Falling Due Within One Year
2023 2022
as restated
£ £
Trade creditors - 2,039
Bank loans and overdrafts 628 612
Other creditors 230,027 219,074
Taxation and social security 427 -
231,082 221,725
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
as restated
£ £
Bank loans 1,188 1,822
9. Share Capital
2023 2022
as restated
£ £
Allotted, Called up and fully paid 10 10
Page 4