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Company Registration No. 11810009 (England and Wales)
Prism Colour Ltd Unaudited accounts for the year ended 29 February 2024
Prism Colour Ltd Unaudited accounts Contents
Page
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Prism Colour Ltd Company Information for the year ended 29 February 2024
Director
Anton Badstuber
Company Number
11810009 (England and Wales)
Registered Office
11 CHOLMONDELEY AVENUE LONDON NW10 5XP
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Prism Colour Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
55,956 
37,741 
Current assets
Debtors
6,527 
4,052 
Cash at bank and in hand
13,284 
49,249 
19,811 
53,301 
Creditors: amounts falling due within one year
(23,127)
(15,208)
Net current (liabilities)/assets
(3,316)
38,093 
Net assets
52,640 
75,834 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
52,540 
75,734 
Shareholders' funds
52,640 
75,834 
For the year ending 29 February 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 director acknowledges his 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 and authorised for issue on 21 November 2024 and were signed on its behalf by
Anton Badstuber Director Company Registration No. 11810009
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Prism Colour Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Prism Colour Ltd is a private company, limited by shares, registered in England and Wales, registration number 11810009. The registered office is 11 CHOLMONDELEY AVENUE, LONDON, NW10 5XP.
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.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
42,058 
29,134 
71,192 
Additions
36,866 
- 
36,866 
At 29 February 2024
78,924 
29,134 
108,058 
Depreciation
At 1 March 2023
20,705 
12,746 
33,451 
Charge for the year
14,554 
4,097 
18,651 
At 29 February 2024
35,259 
16,843 
52,102 
Net book value
At 29 February 2024
43,665 
12,291 
55,956 
At 28 February 2023
21,353 
16,388 
37,741 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,527 
4,052 
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Prism Colour Ltd Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,618 
759 
Trade creditors
- 
1,000 
Taxes and social security
20,197 
8,575 
Loans from directors
312 
4,874 
23,127 
15,208 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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