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REGISTERED NUMBER: 08903896 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Chroma Finishes Ltd

Chroma Finishes Ltd (Registered number: 08903896)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Chroma Finishes Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs S J L Minshull
J T Minshull





SECRETARY: Mrs S J L Minshull





REGISTERED OFFICE: Orchard Mead
Worcester Road
Grafton Flyford
Worcester
WR7 4PW





REGISTERED NUMBER: 08903896 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Chroma Finishes Ltd (Registered number: 08903896)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 29,366 36,500

CURRENT ASSETS
Debtors 5 342,643 242,518
Cash at bank 131,013 148,704
473,656 391,222
CREDITORS
Amounts falling due within one year 6 (112,854 ) (74,465 )
NET CURRENT ASSETS 360,802 316,757
TOTAL ASSETS LESS CURRENT
LIABILITIES

390,168

353,257

CREDITORS
Amounts falling due after more than one
year

7

(16,294

)

(23,801

)

PROVISIONS FOR LIABILITIES 8 (7,300 ) (9,100 )
NET ASSETS 366,574 320,356

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 366,474 320,256
SHAREHOLDERS' FUNDS 366,574 320,356

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

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

The directors acknowledge their 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.

Chroma Finishes Ltd (Registered number: 08903896)

Balance Sheet - continued
31 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





J T Minshull - Director


Chroma Finishes Ltd (Registered number: 08903896)

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

1. STATUTORY INFORMATION

Chroma Finishes 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

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

Chroma Finishes Ltd (Registered number: 08903896)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 15,807 39,500 4,185 59,492
Additions 1,458 - 150 1,608
At 31 March 2024 17,265 39,500 4,335 61,100
DEPRECIATION
At 1 April 2023 4,209 16,449 2,334 22,992
Charge for year 1,854 5,763 1,125 8,742
At 31 March 2024 6,063 22,212 3,459 31,734
NET BOOK VALUE
At 31 March 2024 11,202 17,288 876 29,366
At 31 March 2023 11,598 23,051 1,851 36,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 332,529 214,890
Other debtors 10,114 27,628
342,643 242,518

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts 4,215 8,818
Trade creditors 16,883 12,453
Taxation and social security 64,140 29,065
Other creditors 21,616 18,129
112,854 74,465

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,674 13,966
Hire purchase contracts 5,620 9,835
16,294 23,801

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 7,300 9,100

Chroma Finishes Ltd (Registered number: 08903896)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 9,100
Provided during year (1,800 )
Balance at 31 March 2024 7,300

9. RELATED PARTY DISCLOSURES

Breathe Easy Training Limited
A company controlled by the directors of this company.

Recharges to Breathe Easy Training Limited:-
Accountancy £975 (2023 - £975)
Confirmation statement £nil (2023 - £36)
Telephone £nil (2023 - £207)
Motor and travelling £nil (2023 - £446)


2024 2023
£ £
Amounts due from the related party at the balance sheet date1,781806

The amount due to Breathe Easy Training Limited is unsecured and has no specific terms regarding payment of interest. The amount due is repayable on demand but the director of Breathe Easy Training Limited has given his assurance that the amount will not be demanded until such time as Chroma Finishes Ltd can afford to do so without detriment to its operating and working capital requirement.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Chroma Finishes Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chroma Finishes Ltd for the year ended 31 March 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Chroma Finishes Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chroma Finishes Ltd and state those matters that we have agreed to state to the Board of Directors of Chroma Finishes Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chroma Finishes Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Chroma Finishes Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chroma Finishes Ltd. You consider that Chroma Finishes Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chroma Finishes Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


25 November 2024