Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 03717377 Mr Roger Ripley Mrs Olivia Ripley Rogeer Ripley true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03717377 2023-02-28 03717377 2024-02-28 03717377 2023-03-01 2024-02-28 03717377 frs-core:CurrentFinancialInstruments 2024-02-28 03717377 frs-core:ComputerEquipment 2024-02-28 03717377 frs-core:ComputerEquipment 2023-03-01 2024-02-28 03717377 frs-core:ComputerEquipment 2023-02-28 03717377 frs-core:ShareCapital 2024-02-28 03717377 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 03717377 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 03717377 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 03717377 frs-bus:SmallEntities 2023-03-01 2024-02-28 03717377 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 03717377 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 03717377 1 2023-03-01 2024-02-28 03717377 frs-bus:Director1 2023-03-01 2024-02-28 03717377 frs-bus:CompanySecretary1 2023-03-01 2024-02-28 03717377 frs-core:CurrentFinancialInstruments 3 2024-02-28 03717377 frs-countries:EnglandWales 2023-03-01 2024-02-28 03717377 2022-02-28 03717377 2023-02-28 03717377 2022-03-01 2023-02-28 03717377 frs-core:CurrentFinancialInstruments 2023-02-28 03717377 frs-core:ShareCapital 2023-02-28 03717377 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 03717377 frs-core:CurrentFinancialInstruments 1 2023-02-28 03717377 frs-core:CurrentFinancialInstruments 3 2023-02-28
Registered number: 03717377
Colourcom Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Christopher Burgoyne Limited
F C C A
12 Centenary Close
Hilperton
Trowbridge
Wiltshire
BA14 7XG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03717377
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,007 1,173
1,007 1,173
CURRENT ASSETS
Stocks 5 4,117 -
Debtors 6 21,414 24,459
Cash at bank and in hand 655 9,020
26,186 33,479
Creditors: Amounts Falling Due Within One Year 7 (47,737 ) (56,984 )
NET CURRENT ASSETS (LIABILITIES) (21,551 ) (23,505 )
TOTAL ASSETS LESS CURRENT LIABILITIES (20,544 ) (22,332 )
NET LIABILITIES (20,544 ) (22,332 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (20,644 ) (22,432 )
SHAREHOLDERS' FUNDS (20,544) (22,332)
Page 1
Page 2
For the year ending 28 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Roger Ripley
Director
26/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Colourcom Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03717377 . The registered office is 12 Centenery Close, Hilperton, Trowbridge, Wiltshire, BA14 7XG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 20% of cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2023 8,697
Additions 309
As at 28 February 2024 9,006
Depreciation
As at 1 March 2023 7,524
Provided during the period 475
As at 28 February 2024 7,999
...CONTINUED
Page 3
Page 4
Net Book Value
As at 28 February 2024 1,007
As at 1 March 2023 1,173
5. Stocks
2024 2023
£ £
Finished goods 4,117 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 20,601 15,609
Prepayments and accrued income 813 813
Loan to director - 6,140
VAT - 1,897
21,414 24,459
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,863 22,202
Bank loans and overdrafts 23,308 31,636
Corporation tax 280 280
VAT 464 -
Net wages 250 -
Paypal 266 266
Accruals and deferred income 2,788 2,038
Director's loan account 6,518 562
47,737 56,984
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Ultimate Controlling Party
The company's ultimate controlling party is Rogeer Ripley by virtue of his ownership of 70% of the issued share capital in the company.
Page 4