THE COLOR COMPANY (TM) LIMITED

Company Registration Number:
05266481 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

THE COLOR COMPANY (TM) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

THE COLOR COMPANY (TM) LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 1,549 1,722
Tangible assets: 4 752,459 746,450
Investments: 5 60 60
Total fixed assets: 754,068 748,232
Current assets
Stocks: 58,929 58,722
Debtors:   2,488,269 2,200,822
Cash at bank and in hand: 29,094 44,730
Investments:   0 0
Total current assets: 2,576,292 2,304,274
Creditors: amounts falling due within one year:   (1,225,284) (1,108,101)
Net current assets (liabilities): 1,351,008 1,196,173
Total assets less current liabilities: 2,105,076 1,944,405
Creditors: amounts falling due after more than one year:   (256,432) (274,834)
Provision for liabilities: 0 0
Total net assets (liabilities): 1,848,644 1,669,571
Capital and reserves
Called up share capital: 500,000 500,000
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 1,348,644 1,169,571
Shareholders funds: 1,848,644 1,669,571

The notes form part of these financial statements

THE COLOR COMPANY (TM) LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 September 2024
and signed on behalf of the board by:

Name: Elgin D Loane
Status: Director

The notes form part of these financial statements

THE COLOR COMPANY (TM) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The turnover represents amounts receivable for goods and services net of VAT and trade discounts

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets , less their estimated residual value , over their expected useful lives on the following annual basis: Freehold properties 2% on straight-line basis Leasehold properties 10% or over the lease term Plant and Machinery 25% reducing balance Website 20% reducing balance Goodwill 10% reducing balance

Intangible fixed assets and amortisation policy

Annual amortisation of goodwill is calculated at 10% to write off the cost of the asset, minus its residual value, over its estimated useful lifetime'.

THE COLOR COMPANY (TM) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 37 39

THE COLOR COMPANY (TM) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 5,000
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2023 5,000
Amortisation
At 01 January 2023 3,278
Charge for year 173
On disposals 0
Other adjustments 0
At 31 December 2023 3,451
Net book value
At 31 December 2023 1,549
At 31 December 2022 1,722

THE COLOR COMPANY (TM) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 2,353,670
Additions 88,849
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2023 2,442,519
Depreciation
At 01 January 2023 1,607,220
Charge for year 82,840
On disposals 0
At 31 December 2023 1,690,060
Net book value
At 31 December 2023 752,459
At 31 December 2022 746,450

THE COLOR COMPANY (TM) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Fixed investments

Property , Plant and equipment. Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets , less their estimated residual value , over their expected useful lives on the following annual basis: Freehold properties 2% on straight-line basis Leasehold properties 10% or over the lease term Plant and Machinery 25% reducing balance Website 20% reducing balance Goodwill 10% reducing balance