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Company Registration No. 12573459 (England and Wales)
Anycolourcar Limited Unaudited accounts for the year ended 30 April 2024
Anycolourcar Limited Unaudited accounts Contents
Page
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Anycolourcar Limited Company Information for the year ended 30 April 2024
Directors
Jonathan Seaman Louise Seaman
Company Number
12573459 (England and Wales)
Registered Office
The Old Garage Genn Lane Worsbrough S70 6TF
Accountants
Poppy Accounting Ltd 15 Heathercliff Way Penistone S36 6FN
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Anycolourcar Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
107,053 
93,883 
Tangible assets
40,805 
23,755 
147,858 
117,638 
Current assets
Inventories
990,926 
966,652 
Debtors
39,681 
29,741 
Cash at bank and in hand
156,808 
240,057 
1,187,415 
1,236,450 
Creditors: amounts falling due within one year
(260,956)
(359,791)
Net current assets
926,459 
876,659 
Total assets less current liabilities
1,074,317 
994,297 
Creditors: amounts falling due after more than one year
(675,190)
(668,023)
Provisions for liabilities
Deferred tax
- 
(5,940)
Other provisions
(11,643)
(16,034)
(11,643)
(21,974)
Net assets
387,484 
304,300 
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Anycolourcar Limited Statement of financial position as at 30 April 2024 (continued)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
387,482 
304,298 
Shareholders' funds
387,484 
304,300 
For the year ending 30 April 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by
Jonathan Seaman Director Company Registration No. 12573459
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Anycolourcar Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Anycolourcar Limited is a private company, limited by shares, registered in England and Wales, registration number 12573459. The registered office is The Old Garage, Genn Lane, Worsbrough, S70 6TF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
4 years - reducing balance
Fixtures & fittings
4 years - straight line
Computer equipment
3 years - straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Anycolourcar Limited Notes to the Accounts for the year ended 30 April 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2023
108,090 
Additions
25,025 
At 30 April 2024
133,115 
Amortisation
At 1 May 2023
14,207 
Charge for the year
11,855 
At 30 April 2024
26,062 
Net book value
At 30 April 2024
107,053 
At 30 April 2023
93,883 
Intangible assets relate to leasehold premises improvements and are amortised over the term of the lease.
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Anycolourcar Limited Notes to the Accounts for the year ended 30 April 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2023
24,941 
- 
9,062 
34,003 
Additions
1,051 
25,536 
- 
26,587 
At 30 April 2024
25,992 
25,536 
9,062 
60,590 
Depreciation
At 1 May 2023
4,649 
- 
5,599 
10,248 
Charge for the year
6,379 
1,330 
1,828 
9,537 
At 30 April 2024
11,028 
1,330 
7,427 
19,785 
Net book value
At 30 April 2024
14,964 
24,206 
1,635 
40,805 
At 30 April 2023
20,292 
- 
3,463 
23,755 
6
Inventories
2024 
2023 
£ 
£ 
Finished goods
990,926 
966,652 
990,926 
966,652 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
28,809 
- 
Trade debtors
(5,451)
23,089 
Accrued income and prepayments
6,960 
6,652 
Other debtors
9,363 
- 
39,681 
29,741 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
11,475 
Obligations under finance leases and hire purchase contracts
5,000 
- 
Trade creditors
67,948 
187,768 
Taxes and social security
28,864 
15,906 
Other creditors
33,157 
2,997 
Loans from directors
120,658 
139,680 
Accruals
5,329 
1,965 
260,956 
359,791 
- 8 -
Anycolourcar Limited Notes to the Accounts for the year ended 30 April 2024
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
19,167 
- 
Other creditors
656,023 
668,023 
675,190 
668,023 
10
Provisions for liabilities
£ 
At 1 May 2023
16,034 
Decrease in existing provisions
(4,391)
At 30 April 2024
11,643 
The provision relates to a warranty service which is sold with selected vehicles.
11
Transactions with related parties
Included within other creditors is an amount owing to Bluesky Management Services Ltd, a company under common ownership, of £656,023(2023: £668,023). During the year, the company rented it's primary premises from Bluesky Management Services at an annual charge of £39,000. Included within other creditors is an amount owing to the director, J Seaman of £120,658 (2023: £139,681) The company provides a cross guarantee in conjunction with Bluesky Management Services Ltd, in relation to a mortgage taken out by Bluesky Management Services Ltd.
12
Average number of employees
During the year the average number of employees was 10 (2023: 9).
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