Mellow Colour Limited 5036305 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is colour consultancy to the printing industry Digita Accounts Production Advanced 6.30.9574.0 true true 5036305 2023-04-01 2024-03-31 5036305 2024-03-31 5036305 core:CurrentFinancialInstruments 2024-03-31 5036305 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 5036305 core:Goodwill 2024-03-31 5036305 core:FurnitureFittings 2024-03-31 5036305 bus:SmallEntities 2023-04-01 2024-03-31 5036305 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 5036305 bus:FilletedAccounts 2023-04-01 2024-03-31 5036305 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 5036305 bus:RegisteredOffice 2023-04-01 2024-03-31 5036305 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 5036305 bus:Director1 2023-04-01 2024-03-31 5036305 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 5036305 core:Goodwill 2023-04-01 2024-03-31 5036305 core:FurnitureFittings 2023-04-01 2024-03-31 5036305 countries:EnglandWales 2023-04-01 2024-03-31 5036305 2023-03-31 5036305 core:Goodwill 2023-03-31 5036305 core:FurnitureFittings 2023-03-31 5036305 2022-04-01 2023-03-31 5036305 2023-03-31 5036305 core:CurrentFinancialInstruments 2023-03-31 5036305 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 5036305 core:Goodwill 2023-03-31 5036305 core:FurnitureFittings 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 5036305

Mellow Colour Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Mellow Colour Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Mellow Colour Limited

Company Information

Directors

A R Dresch

Mrs T J Dresch

Company secretary

Mrs T J Dresch

Registered office

Mellow End
6 Malinshill Road
Evesham
Worcestershire
WR11 2QG

Accountants

Clement Rabjohns Limited
Chartered Accountants
111/113 High Street
Evesham
Worcestershire
WR11 4XP

 

Mellow Colour Limited

(Registration number: 5036305)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

365

1,965

Current assets

 

Debtors

6

95,818

46,198

Cash at bank and in hand

 

504,532

453,453

 

600,350

499,651

Creditors: Amounts falling due within one year

7

(44,000)

(54,286)

Net current assets

 

556,350

445,365

Net assets

 

556,715

447,330

Capital and reserves

 

Called up share capital

100

100

Retained earnings

556,615

447,230

Shareholders' funds

 

556,715

447,330

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 October 2024 and signed on its behalf by:
 

.........................................
A R Dresch
Director

 

Mellow Colour Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Mellow End
6 Malinshill Road
Evesham
Worcestershire
WR11 2QG
United Kingdom

The principal place of business is:
Unit 22, Evesham Basepoint
Crab Apple Way
Vale Park
Evesham
Worcestershire
WR11 1GP
United Kingdom

These financial statements were authorised for issue by the Board on 14 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Mellow Colour Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

over 10 years

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Mellow Colour Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

7,500

7,500

At 31 March 2024

7,500

7,500

Amortisation

At 1 April 2023

7,500

7,500

At 31 March 2024

7,500

7,500

Carrying amount

At 31 March 2024

-

-

At 31 March 2023

-

-

5

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 April 2023

24,098

24,098

Additions

191

191

At 31 March 2024

24,289

24,289

Depreciation

At 1 April 2023

22,133

22,133

Charge for the year

1,791

1,791

At 31 March 2024

23,924

23,924

Carrying amount

At 31 March 2024

365

365

At 31 March 2023

1,965

1,965

6

Debtors

Current

2024
£

2023
£

Trade debtors

87,903

38,176

Prepayments

3,199

3,336

Other debtors

4,716

4,686

 

95,818

46,198

 

Mellow Colour Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

5,212

7,269

Taxation and social security

15,890

-

Accruals and deferred income

1,950

1,950

Other creditors

20,948

45,067

44,000

54,286