Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31the sale of printing machinery and consumables and the sale and service of grapic arts equipment2022-08-10false3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14288092 2022-08-09 14288092 2022-08-10 2023-12-31 14288092 2021-08-10 2022-08-09 14288092 2023-12-31 14288092 c:Director1 2022-08-10 2023-12-31 14288092 c:Director2 2022-08-10 2023-12-31 14288092 d:Buildings d:ShortLeaseholdAssets 2022-08-10 2023-12-31 14288092 d:Buildings d:ShortLeaseholdAssets 2023-12-31 14288092 d:PlantMachinery 2022-08-10 2023-12-31 14288092 d:PlantMachinery 2023-12-31 14288092 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-08-10 2023-12-31 14288092 d:OfficeEquipment 2022-08-10 2023-12-31 14288092 d:OfficeEquipment 2023-12-31 14288092 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-08-10 2023-12-31 14288092 d:OwnedOrFreeholdAssets 2022-08-10 2023-12-31 14288092 d:CurrentFinancialInstruments 2023-12-31 14288092 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14288092 d:ShareCapital 2023-12-31 14288092 d:SharePremium 2023-12-31 14288092 d:RetainedEarningsAccumulatedLosses 2023-12-31 14288092 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 14288092 c:FRS102 2022-08-10 2023-12-31 14288092 c:AuditExempt-NoAccountantsReport 2022-08-10 2023-12-31 14288092 c:FullAccounts 2022-08-10 2023-12-31 14288092 c:PrivateLimitedCompanyLtd 2022-08-10 2023-12-31 14288092 e:PoundSterling 2022-08-10 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 14288092









COLGRAPHIX LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
COLGRAPHIX LTD
REGISTERED NUMBER: 14288092

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
58,519

  
58,519

Current assets
  

Stocks
  
57,670

Debtors: amounts falling due within one year
 5 
297,889

Cash at bank and in hand
  
14,026

  
369,585

Creditors: amounts falling due within one year
 6 
(314,089)

Net current assets
  
 
 
55,496

Total assets less current liabilities
  
114,015

Provisions for liabilities
  

Deferred tax
  
(4,097)

  
 
 
(4,097)

Net assets
  
109,918


Capital and reserves
  

Called up share capital 
  
360

Share premium account
  
76,411

Profit and loss account
  
33,147

  
109,918


Page 1

 
COLGRAPHIX LTD
REGISTERED NUMBER: 14288092
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 August 2024.




M Middlebrook
M Warnes
Director
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
COLGRAPHIX LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Colgraphix Ltd is a private limited liability company with share capital registered in England & Wales under company number 14288092 with its registered offie at Basepoint Business Centre, 110 Butterfield, Great Marlings, Luton, Bedfordshire LU2 8DL. 
The company's principle place of business is Unit B, Access 12, Station Road, Reading, Berkshire RG7 4PN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP and the amounts disclosed in the financial statements are rounded to the nearest £.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
COLGRAPHIX LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
COLGRAPHIX LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
COLGRAPHIX LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Plant and machinery
-
Over 4 years
Office equipment
-
Over 4 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
COLGRAPHIX LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the period was 3.


4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Office equipment
Total

£
£
£
£



Cost or valuation


Additions
56,178
14,703
3,058
73,939



At 31 December 2023

56,178
14,703
3,058
73,939



Depreciation


Charge for the period on owned assets
14,045
973
402
15,420



At 31 December 2023

14,045
973
402
15,420



Net book value



At 31 December 2023
42,133
13,730
2,656
58,519


5.


Debtors

2023
£


Trade debtors
235,330

Other debtors
32,871

Prepayments and accrued income
29,688

297,889


Page 7

 
COLGRAPHIX LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
135,049

Corporation tax
20,148

Other taxation and social security
72,101

Other creditors
46,041

Accruals and deferred income
40,750

314,089



7.


Deferred taxation



2023


£






Charged to profit or loss
(4,097)



At end of year
(4,097)

2023
£


Accelerated capital allowances
(4,097)

(4,097)


8.


Pension commitments

The Company operates a defined contributions pension scheme.  The assets of the sheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £126.


9.


Controlling party

The directors believe that there is no one controlling party in respect of the company.

 
Page 8