IRIS Accounts Production v24.3.0.553 13034367 director 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh130343672022-11-30130343672023-11-30130343672022-12-012023-11-30130343672021-11-30130343672021-12-012022-11-30130343672022-11-3013034367ns15:EnglandWales2022-12-012023-11-3013034367ns14:PoundSterling2022-12-012023-11-3013034367ns10:Director12022-12-012023-11-3013034367ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3013034367ns10:SmallEntities2022-12-012023-11-3013034367ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3013034367ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3013034367ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3013034367ns10:FullAccounts2022-12-012023-11-3013034367ns10:RegisteredOffice2022-12-012023-11-3013034367ns5:CurrentFinancialInstruments2023-11-3013034367ns5:CurrentFinancialInstruments2022-11-3013034367ns5:ShareCapital2023-11-3013034367ns5:ShareCapital2022-11-3013034367ns5:RetainedEarningsAccumulatedLosses2023-11-3013034367ns5:RetainedEarningsAccumulatedLosses2022-11-3013034367ns5:LandBuildings2022-11-3013034367ns5:PlantMachinery2022-11-3013034367ns5:LandBuildings2022-12-012023-11-3013034367ns5:PlantMachinery2022-12-012023-11-3013034367ns5:LandBuildings2023-11-3013034367ns5:PlantMachinery2023-11-3013034367ns5:LandBuildings2022-11-3013034367ns5:PlantMachinery2022-11-3013034367ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3013034367ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-30
REGISTERED NUMBER: 13034367 (England and Wales)















Colour One Ltd

Unaudited Financial Statements

for the Year Ended 30 November 2023






Colour One Ltd (Registered number: 13034367)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Colour One Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: E S Dilloway





REGISTERED OFFICE: 33 Cork Street
1st Floor
London
W1S 3NQ





REGISTERED NUMBER: 13034367 (England and Wales)





ACCOUNTANTS: VCS Accountancy Ltd
Finchley Park
Emmet Hill Lane
Laddingford
Kent
ME18 6BG

Colour One Ltd (Registered number: 13034367)

Balance Sheet
30 November 2023

30/11/23 30/11/22
Notes £ £
FIXED ASSETS
Tangible assets 4 2,944,507 731,320

CURRENT ASSETS
Stocks 472,241 81,382
Debtors 5 2,103,058 1,450,346
Cash at bank 197,077 448,083
2,772,376 1,979,811
CREDITORS
Amounts falling due within one year 6 (4,578,239 ) (2,116,262 )
NET CURRENT LIABILITIES (1,805,863 ) (136,451 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,138,644

594,869

PROVISIONS FOR LIABILITIES (131,222 ) (42,293 )
NET ASSETS 1,007,422 552,576

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,007,322 552,476
1,007,422 552,576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 One Ltd (Registered number: 13034367)

Balance Sheet - continued
30 November 2023


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 29 November 2024 and were signed by:





E S Dilloway - Director


Colour One Ltd (Registered number: 13034367)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Colour One Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings - 10% on cost
Plant and machinery etc - 25% on cost, 20% on cost and 2% on cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Colour One Ltd (Registered number: 13034367)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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 9 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 December 2022 667,139 163,281 830,420
Additions 2,182,879 406,619 2,589,498
Disposals - (3,950 ) (3,950 )
At 30 November 2023 2,850,018 565,950 3,415,968
DEPRECIATION
At 1 December 2022 66,269 32,831 99,100
Charge for year 285,381 86,980 372,361
At 30 November 2023 351,650 119,811 471,461
NET BOOK VALUE
At 30 November 2023 2,498,368 446,139 2,944,507
At 30 November 2022 600,870 130,450 731,320

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£ £
Trade debtors 529,818 823,221
Other debtors 1,573,240 627,125
2,103,058 1,450,346

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£ £
Trade creditors 346,436 239,108
Taxation and social security 27,994 127,510
Other creditors 4,203,809 1,749,644
4,578,239 2,116,262

Colour One Ltd (Registered number: 13034367)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. RELATED PARTY DISCLOSURES

Included within other creditors are loan balances owed to shareholders of the company totalling £3,615,633 (2023: £817,247). The balances are repayable on demand and are not incurring interest.