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REGISTERED NUMBER: 04484862 (England and Wales)














FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023

FOR

COLBORN CREATIVE LIMITED

COLBORN CREATIVE LIMITED (REGISTERED NUMBER: 04484862)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COLBORN CREATIVE LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023







DIRECTOR: Mr M Colborn





SECRETARY: Mrs V L Colborn





REGISTERED OFFICE: 26 Summer Lane
Wynyard
Billingham
TS22 5PY





REGISTERED NUMBER: 04484862 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

COLBORN CREATIVE LIMITED (REGISTERED NUMBER: 04484862)

BALANCE SHEET
31 DECEMBER 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 24,532

CURRENT ASSETS
Debtors 5 322,025 111,136
Cash at bank 131,585 421,683
453,610 532,819
CREDITORS
Amounts falling due within one year 6 4,050 39,194
NET CURRENT ASSETS 449,560 493,625
TOTAL ASSETS LESS CURRENT
LIABILITIES

449,560

518,157

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 449,460 518,057
SHAREHOLDERS' FUNDS 449,560 518,157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 September 2024 and were signed by:





Mr M Colborn - Director


COLBORN CREATIVE LIMITED (REGISTERED NUMBER: 04484862)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

Colborn Creative Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

COLBORN CREATIVE LIMITED (REGISTERED NUMBER: 04484862)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 32,424
Disposals (32,424 )
At 31 December 2023 -
DEPRECIATION
At 1 April 2023 7,892
Charge for period 3,687
Eliminated on disposal (11,579 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 March 2023 24,532

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Other debtors 322,025 111,136

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade creditors 2,010 4
Other creditors 2,040 39,190
4,050 39,194

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2023
value: £    £   
50 Ordinary shares £1.00 50 50
50 Ordinary A shares £1.00 50 50
100 100

COLBORN CREATIVE LIMITED (REGISTERED NUMBER: 04484862)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 December 2023 and the year ended 31 March 2023:

2023 2023
£    £   
Mr M Colborn
Balance outstanding at start of period - 39,924
Amounts advanced 403,046 -
Amounts repaid (107,500 ) (39,924 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 295,546 -

9. RELATED PARTY DISCLOSURES

Included within bad debts is a balance of £39,557 which was due from a company which the director is also a director / shareholder. The balance is currently irrecoverable.