Registered number
12408728
Colourkind Ltd
Filleted Accounts
31 January 2024
Colourkind Ltd
Registered number: 12408728
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Current assets
Stocks 27,770 20,310
Debtors 3 37,058 36,838
Cash at bank and in hand 10,181 9,709
75,009 66,857
Creditors: amounts falling due within one year 4 (62,442) (31,605)
Net current assets 12,567 35,252
Net assets 12,567 35,252
Capital and reserves
Called up share capital 100 100
Profit and loss account 12,467 35,152
Shareholders' funds 12,567 35,252
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Ha
Director
Approved by the board on 12 August 2024
Colourkind Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Debtors 2024 2023
£ £
Trade debtors 14,347 2,580
Other debtors 22,711 34,258
37,058 36,838
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 764 2,189
Other creditors 61,678 29,416
62,442 31,605
5 Other information
Colourkind Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Cricket Road
Oxford
OX4 3DG
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