1 November 2022 false No description of principal activity Taxfiler 2024.4 SC349624business:PrivateLimitedCompanyLtd2022-11-012023-10-31 SC3496242022-10-31 SC3496242022-11-012023-10-31 SC349624business:AuditExemptWithAccountantsReport2022-11-012023-10-31 SC349624business:FilletedAccounts2022-11-012023-10-31 SC3496242023-10-31 SC349624business:Director12022-11-012023-10-31 SC349624business:RegisteredOffice2022-11-012023-10-31 SC3496242022-10-31 SC349624core:WithinOneYear2023-10-31 SC349624core:WithinOneYear2022-10-31 SC349624core:AfterOneYear2023-10-31 SC349624core:AfterOneYear2022-10-31 SC349624core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 SC349624core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 SC349624core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 SC349624core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 SC349624core:PreviouslyStatedAmount2023-10-31 SC349624core:PreviouslyStatedAmount2022-10-31 SC349624business:SmallEntities2022-11-012023-10-31 SC349624countries:Scotland2022-11-012023-10-31 SC349624core:FurnitureFittings2022-11-012023-10-31 SC349624core:Goodwill2022-10-31 SC349624core:Goodwill2023-10-31 SC349624core:FurnitureFittings2022-10-31 SC349624core:FurnitureFittings2023-10-31 SC349624business:OrdinaryShareClass12022-11-012023-10-31 SC349624business:OrdinaryShareClass12021-11-012022-10-31 SC3496242021-11-012022-10-31 iso4217:GBP xbrli:shares xbrli:pure
Colours Prestwick Limited Unaudited accounts Contents
Page
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Colours Prestwick Limited Company Information for the year ended 31 October 2023
Director
Rhona Beattie
Company Number
SC349624 (Scotland)
Registered Office
30 MOORFIELD ROAD PRESTWICK AYRSHIRE KA9 2HW
Accountants
W Wilson Millar Ltd 32 Moorfield Road Prestwick KA9 2HW
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Colours Prestwick Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
500 
500 
Tangible assets
534 
668 
1,034 
1,168 
Current assets
Inventories
2,200 
2,200 
Cash at bank and in hand
7,113 
6,490 
9,313 
8,690 
Creditors: amounts falling due within one year
1,882 
2,962 
Net current assets
11,195 
11,652 
Total assets less current liabilities
12,229 
12,820 
Creditors: amounts falling due after more than one year
(12,435)
(12,750)
Net (liabilities)/assets
(206)
70 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(207)
69 
Shareholders' funds
(206)
70 
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 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 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 31 July 2024 and were signed on its behalf by
Rhona Beattie Director Company Registration No. SC349624
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Colours Prestwick Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Colours Prestwick Limited is a private company, limited by shares, registered in Scotland, registration number SC349624. The registered office is 30 MOORFIELD ROAD, PRESTWICK, AYRSHIRE, KA9 2HW.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2022
500 
At 31 October 2023
500 
Amortisation
At 1 November 2022
- 
At 31 October 2023
- 
Net book value
At 31 October 2023
500 
At 31 October 2022
500 
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Colours Prestwick Limited Notes to the Accounts for the year ended 31 October 2023
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2022
11,633 
At 31 October 2023
11,633 
Depreciation
At 1 November 2022
10,965 
Charge for the year
134 
At 31 October 2023
11,099 
Net book value
At 31 October 2023
534 
At 31 October 2022
668 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,889 
1,889 
Trade creditors
440 
440 
Taxes and social security
- 
2,440 
Loans from directors
(4,211)
(7,731)
(1,882)
(2,962)
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,435 
12,750 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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