Cut Colour Plus Limited 08703293 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of lighting filters and consumables Digita Accounts Production Advanced 6.30.9574.0 true true 08703293 2023-01-01 2023-12-31 08703293 2023-12-31 08703293 bus:OrdinaryShareClass1 2023-12-31 08703293 core:CurrentFinancialInstruments 2023-12-31 08703293 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 08703293 bus:SmallEntities 2023-01-01 2023-12-31 08703293 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08703293 bus:FilletedAccounts 2023-01-01 2023-12-31 08703293 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08703293 bus:RegisteredOffice 2023-01-01 2023-12-31 08703293 bus:Director1 2023-01-01 2023-12-31 08703293 bus:Director2 2023-01-01 2023-12-31 08703293 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 08703293 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08703293 core:FurnitureFittings 2023-01-01 2023-12-31 08703293 core:OfficeEquipment 2023-01-01 2023-12-31 08703293 countries:England 2023-01-01 2023-12-31 08703293 2022-01-01 2022-12-31 08703293 2022-12-31 08703293 bus:OrdinaryShareClass1 2022-12-31 08703293 core:CurrentFinancialInstruments 2022-12-31 08703293 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08703293

Cut Colour Plus Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Cut Colour Plus Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Cut Colour Plus Limited

Company Information

Directors

Mr Paul John Deville

Mr Mohammad Salman Bhatti

Registered office

6 Oakhurst Avenue
East Barnet
Barnet
London
EN4 8DL

Accountants

SK Accountants
Accountants
53 Hurstdene Avenue
Staines Upon Thames
Surrey
TW18 1JG

 

Cut Colour Plus Limited

(Registration number: 08703293)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

12,000

12,000

Creditors: Amounts falling due within one year

5

(15,437)

(15,437)

Net liabilities

 

(3,437)

(3,437)

Capital and reserves

 

Called up share capital

6

760

760

Retained earnings

(4,197)

(4,197)

Shareholders' deficit

 

(3,437)

(3,437)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 September 2024 and signed on its behalf by:
 

.........................................
Mr Mohammad Salman Bhatti
Director

 

Cut Colour Plus Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
6 Oakhurst Avenue
East Barnet
Barnet
London
EN4 8DL
England

These financial statements were authorised for issue by the Board on 3 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Depreciation

Asset class

Depreciation method and rate

Office equipment

Reducing balance 25%

Furniture and fittings

Reducing balance 25%

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Cut Colour Plus Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Debtors

Current

2023
£

2022
£

Other debtors

12,000

12,000

 

12,000

12,000

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

-

350

Other creditors

15,437

15,087

15,437

15,437

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

760

760

760

760