Acorah Software Products - Accounts Production 15.0.400 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 04777828 Mr David Crowe Maria Griffith-Crowe Maria Griffith-Crowe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04777828 2022-10-31 04777828 2023-10-31 04777828 2022-11-01 2023-10-31 04777828 frs-core:CurrentFinancialInstruments 2023-10-31 04777828 frs-core:FurnitureFittings 2023-10-31 04777828 frs-core:FurnitureFittings 2022-11-01 2023-10-31 04777828 frs-core:FurnitureFittings 2022-10-31 04777828 frs-core:MotorVehicles 2023-10-31 04777828 frs-core:MotorVehicles 2022-11-01 2023-10-31 04777828 frs-core:MotorVehicles 2022-10-31 04777828 frs-core:PlantMachinery 2023-10-31 04777828 frs-core:PlantMachinery 2022-11-01 2023-10-31 04777828 frs-core:PlantMachinery 2022-10-31 04777828 frs-core:ShareCapital 2023-10-31 04777828 frs-core:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 04777828 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 04777828 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 04777828 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 04777828 frs-bus:SmallEntities 2022-11-01 2023-10-31 04777828 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 04777828 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 04777828 frs-bus:Director1 2022-11-01 2023-10-31 04777828 frs-bus:Director2 2022-11-01 2023-10-31 04777828 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 04777828 frs-countries:EnglandWales 2022-11-01 2023-10-31 04777828 2021-10-31 04777828 2022-10-31 04777828 2021-11-01 2022-10-31 04777828 frs-core:CurrentFinancialInstruments 2022-10-31 04777828 frs-core:ShareCapital 2021-10-31 04777828 frs-core:ShareCapital 2022-10-31 04777828 frs-core:RetainedEarningsAccumulatedLosses 2021-11-01 2022-10-31 04777828 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2021-10-31 04777828 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Colour Tech (UK) Ltd
Financial Statements
For The Year Ended 31 October 2023
TaxAssist Accountants
133 Station Road
Sidcup
DA15 7AA
Financial Statements
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 04777828
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 9,720 -
9,720 -
CURRENT ASSETS
Stocks 4 1,623 1,497
Debtors 5 12,311 750
Cash at bank and in hand 1,737 35,000
15,671 37,247
Creditors: Amounts Falling Due Within One Year 6 (46,061 ) (36,096 )
NET CURRENT ASSETS (LIABILITIES) (30,390 ) 1,151
TOTAL ASSETS LESS CURRENT LIABILITIES (20,670 ) 1,151
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,847 ) -
NET (LIABILITIES)/ASSETS (22,517 ) 1,151
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (22,617 ) 1,051
SHAREHOLDERS' FUNDS (22,517) 1,151
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For the year ending 31 October 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 directors acknowledge their 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
Mr David Crowe
Director
24 July 2024
The notes on pages 4 to 6 form part of these financial statements.
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Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 November 2021 100 914 1,014
Profit for the year and total comprehensive income - 13,387 13,387
Dividends paid - (13,250) (13,250)
As at 31 October 2022 and 1 November 2022 100 1,051 1,151
Loss for the year and total comprehensive income - (23,668 ) (23,668)
As at 31 October 2023 100 (22,617 ) (22,517)
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. Due to the financial position of the company, the validity of this basis is conditional on the support of the companys directors and shareholders. 
On this basis, the directors consider that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of their support.
1.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
1.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Plant & Machinery 25% straight line
Motor Vehicles 20% Reducing balance
Fixtures & Fittings 25% straight line
1.5. 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.
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1.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
3. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2022 5,448 5,546 11,310 22,304
Additions - 12,150 - 12,150
As at 31 October 2023 5,448 17,696 11,310 34,454
Depreciation
As at 1 November 2022 5,448 5,546 11,310 22,304
Provided during the period - 2,430 - 2,430
As at 31 October 2023 5,448 7,976 11,310 24,734
Net Book Value
As at 31 October 2023 - 9,720 - 9,720
As at 1 November 2022 - - - -
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4. Stocks
2023 2022
£ £
Stock 1,623 1,497
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 11,774 750
VAT 537 -
12,311 750
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,153 -
Corporation tax 15,469 14,637
Other creditors 1,233 460
Accruals and deferred income 3,093 5,607
Directors' loan accounts 25,113 15,392
46,061 36,096
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
8. General Information
Colour Tech (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04777828 . The registered office is Industral Unit At Rear At, 165 Heath Lane, Dartford, Kent, DA1 2TW.
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