REGISTERED NUMBER: |
Colourcraft Autos Ltd |
Unaudited Financial Statements |
for the Year Ended 30 April 2023 |
REGISTERED NUMBER: |
Colourcraft Autos Ltd |
Unaudited Financial Statements |
for the Year Ended 30 April 2023 |
Colourcraft Autos Ltd (Registered number: 07223534) |
Contents of the Financial Statements |
for the year ended 30 April 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Colourcraft Autos Ltd |
Company Information |
for the year ended 30 April 2023 |
Director: |
Registered office: |
Registered number: |
Accountants: |
New Derwent House |
69-73 Theobalds Road |
London |
WC1X 8TA |
Colourcraft Autos Ltd (Registered number: 07223534) |
Balance Sheet |
30 April 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
Tangible assets | 5 |
Current assets |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 7 |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
Provisions for liabilities | 10 | ( |
) | ( |
) |
Net assets |
Capital and reserves |
Called up share capital | 11 |
Retained earnings | 12 |
Shareholders' funds |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Colourcraft Autos Ltd (Registered number: 07223534) |
Balance Sheet - continued |
30 April 2023 |
The financial statements were approved by the director and authorised for issue on |
Colourcraft Autos Ltd (Registered number: 07223534) |
Notes to the Financial Statements |
for the year ended 30 April 2023 |
1. | Statutory information |
Colourcraft Autos Ltd is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax. |
Goodwill |
Tangible fixed assets |
Short leasehold | - |
Plant and machinery | - |
Office equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. |
Going concern |
Following the emergence and spread of the coronavirus (COVID-19) as well as its financial effects on business's worldwide the director has considered its effects on the business of the company and believe there are sufficient funds available for the business to continue. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Intangible fixed assets |
Goodwill |
£ |
Cost |
At 1 May 2022 |
and 30 April 2023 |
Amortisation |
At 1 May 2022 |
and 30 April 2023 |
Net book value |
At 30 April 2023 |
At 30 April 2022 |
Colourcraft Autos Ltd (Registered number: 07223534) |
Notes to the Financial Statements - continued |
for the year ended 30 April 2023 |
5. | Tangible fixed assets |
Short | Plant and | Motor | Office |
leasehold | machinery | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
Cost |
At 1 May 2022 |
Additions |
At 30 April 2023 |
Depreciation |
At 1 May 2022 |
Charge for year |
At 30 April 2023 |
Net book value |
At 30 April 2023 | ( |
) |
At 30 April 2022 |
6. | Debtors |
2023 | 2022 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
7. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts (see note 9) |
Trade creditors |
Taxation and social security |
Other creditors |
8. | Creditors: amounts falling due after more than one year |
2023 | 2022 |
£ | £ |
Bank loans (see note 9) |
Colourcraft Autos Ltd (Registered number: 07223534) |
Notes to the Financial Statements - continued |
for the year ended 30 April 2023 |
9. | Loans |
An analysis of the maturity of loans is given below: |
2023 | 2022 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank loans |
Amounts falling due between one and two years: |
Bank loans - 1-2 years |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
10. | Provisions for liabilities |
2023 | 2022 |
£ | £ |
Deferred tax |
Accelerated capital allowances |
Deferred tax |
£ |
Balance at 1 May 2022 |
Utilised during year | ( |
) |
Balance at 30 April 2023 |
11. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
12. | Reserves |
Retained |
earnings |
£ |
At 1 May 2022 |
Deficit for the year | ( |
) |
Dividends | ( |
) |
At 30 April 2023 |
Colourcraft Autos Ltd (Registered number: 07223534) |
Notes to the Financial Statements - continued |
for the year ended 30 April 2023 |
13. | Director's advances, credits and guarantees |
The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022: |
2023 | 2022 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) |
14. | Ultimate controlling party |
The ultimate controlling party is |