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REGISTERED NUMBER: 09521757 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

COLOUR INTERIORS LIMITED

COLOUR INTERIORS LIMITED (REGISTERED NUMBER: 09521757)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COLOUR INTERIORS LIMITED

Company Information
for the Year Ended 31st March 2024







DIRECTOR: Mrs K J Clayton





REGISTERED OFFICE: 46-48 Jaggard Way
London
SW12 8SG





REGISTERED NUMBER: 09521757 (England and Wales)





ACCOUNTANTS: Graham Martin & Co
Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ

COLOUR INTERIORS LIMITED (REGISTERED NUMBER: 09521757)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,000 2,000
Tangible assets 5 23,373 13,201
24,373 15,201

CURRENT ASSETS
Debtors 6 44,780 218,373
Cash at bank and in hand 127,128 145,417
171,908 363,790
CREDITORS
Amounts falling due within one year 7 109,226 259,071
NET CURRENT ASSETS 62,682 104,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,055

119,920

CREDITORS
Amounts falling due after more than one
year

8

-

(38,465

)

PROVISIONS FOR LIABILITIES (5,843 ) -
NET ASSETS 81,212 81,455

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 81,112 81,355
81,212 81,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

COLOUR INTERIORS LIMITED (REGISTERED NUMBER: 09521757)

Balance Sheet - continued
31st March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4th November 2024 and were signed by:





Mrs K J Clayton - Director


COLOUR INTERIORS LIMITED (REGISTERED NUMBER: 09521757)

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

1. STATUTORY INFORMATION

Colour Interiors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

COLOUR INTERIORS LIMITED (REGISTERED NUMBER: 09521757)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 10,000
AMORTISATION
At 1st April 2023 8,000
Charge for year 1,000
At 31st March 2024 9,000
NET BOOK VALUE
At 31st March 2024 1,000
At 31st March 2023 2,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 20,418
Additions 17,964
At 31st March 2024 38,382
DEPRECIATION
At 1st April 2023 7,217
Charge for year 7,792
At 31st March 2024 15,009
NET BOOK VALUE
At 31st March 2024 23,373
At 31st March 2023 13,201

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 44,780 219,516
Other debtors - (1,143 )
44,780 218,373

COLOUR INTERIORS LIMITED (REGISTERED NUMBER: 09521757)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 9,977
Trade creditors 56,964 62,912
Taxation and social security 9,109 21,449
Other creditors 43,153 164,733
109,226 259,071

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 38,465

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
Mrs K J Clayton
Balance outstanding at start of year 164,733 -
Amounts advanced 168,981 224,900
Amounts repaid (317,630 ) (60,167 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,084 164,733

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs K J Clayton.