Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01trueNo description of principal activity11falsetrue 04920426 2023-04-01 2024-03-31 04920426 2022-04-01 2023-03-31 04920426 2024-03-31 04920426 2023-03-31 04920426 c:Director1 2023-04-01 2024-03-31 04920426 d:PlantMachinery 2023-04-01 2024-03-31 04920426 d:PlantMachinery 2024-03-31 04920426 d:PlantMachinery 2023-03-31 04920426 d:FurnitureFittings 2023-04-01 2024-03-31 04920426 d:FurnitureFittings 2024-03-31 04920426 d:FurnitureFittings 2023-03-31 04920426 d:OfficeEquipment 2023-04-01 2024-03-31 04920426 d:OfficeEquipment 2024-03-31 04920426 d:OfficeEquipment 2023-03-31 04920426 d:CurrentFinancialInstruments 2024-03-31 04920426 d:CurrentFinancialInstruments 2023-03-31 04920426 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04920426 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04920426 d:ShareCapital 2024-03-31 04920426 d:ShareCapital 2023-03-31 04920426 d:RetainedEarningsAccumulatedLosses 2024-03-31 04920426 d:RetainedEarningsAccumulatedLosses 2023-03-31 04920426 c:EntityNoLongerTradingButTradedInPast 2023-04-01 2024-03-31 04920426 c:FRS102 2023-04-01 2024-03-31 04920426 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04920426 c:FullAccounts 2023-04-01 2024-03-31 04920426 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 04920426









COLOURFRAME LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
COLOURFRAME LIMITED
REGISTERED NUMBER: 04920426

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,107
1,107

Investments
 6 
1
1

  
1,108
1,108

Current assets
  

Stocks
  
32,552
32,552

Cash at bank and in hand
 7 
12
12

  
32,564
32,564

Creditors: amounts falling due within one year
 8 
(170,430)
(170,430)

Net current liabilities
  
 
 
(137,866)
 
 
(137,866)

Total assets less current liabilities
  
(136,758)
(136,758)

  

Net liabilities
  
(136,758)
(136,758)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(136,760)
(136,760)

  
(136,758)
(136,758)


For the year ended 31 March 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 October 2024.
Page 1

 
COLOURFRAME LIMITED
REGISTERED NUMBER: 04920426
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024




Ms K Boorman
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
COLOURFRAME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Colourframe Limited is a private company limited by share capital, incorporated in England and Wales. The address of the registered office is 16-19 Eastcastle Street, London, W1W 8DY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the director that she will continue to give financial support to the company for a period of at least twelve months from the date of signing of these financial statements.
On this basis, the director has considered it appropriate to prepare the financial statements on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's financial statements may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The financial statements do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
COLOURFRAME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance basis
Fixtures and fittings
-
10%
straight line basis
Office equipment
-
25%
reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Taxation



Factors affecting tax charge for the year

No charge to UK tax arises due to the Company not trading during the year.


Factors that may affect future tax charges

Subject to the agreement of HM Revenue and Customs, there are trading losses available to carry forward against future profits arising from the same trade of approximately £22K. 

Page 4

 
COLOURFRAME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
5,438
2,570
7,628
15,636



At 31 March 2024

5,438
2,570
7,628
15,636



Depreciation


At 1 April 2023
5,438
1,799
7,292
14,529



At 31 March 2024

5,438
1,799
7,292
14,529



Net book value



At 31 March 2024
-
771
336
1,107



At 31 March 2023
-
771
336
1,107


6.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 April 2023
1



At 31 March 2024
1





7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
12
12

12
12


Page 5

 
COLOURFRAME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,764
1,764

Other creditors
167,416
167,416

Accruals and deferred income
1,250
1,250

170,430
170,430



9.


Related party transactions

Included in other creditors at the balance sheet date is an amount of £100,413 (2023: £100,413) due to the director. The amount is in respect of expenses borne on behalf of the company. This amount is
unsecured, interest free and repayable on demand.
Included in other creditors at the balance sheet date is an amount of £45,279 (2023: £45,279) due to a company incorporated in the British Virgin Islands. The director's husband is the beneficial owner of that entity. The amount is in respect of expenses borne for that company net of advances received. This amount is unsecured, interest free and repayable on demand. 
Also included in other creditors at the balance sheet date is an amount of £21,724 (2023: £21,724) due to the director's husband. The amount is in respect of expenses borne on behalf of the company. This amount is unsecured, interest free and repayable on demand.

Page 6