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REGISTERED NUMBER: 09010649 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Kaleidacoat Limited

Kaleidacoat Limited (Registered number: 09010649)






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


Kaleidacoat Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M R Hunt





REGISTERED OFFICE: Sparkhouse Studios
Ropewalk
Lincoln
Lincolnshire
LN6 7DQ





REGISTERED NUMBER: 09010649 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

Kaleidacoat Limited (Registered number: 09010649)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,790 40,195

CURRENT ASSETS
Debtors 5 126,103 117,314
Investments 6 12,920 12,880
Cash at bank and in hand 41,943 63,802
180,966 193,996
CREDITORS
Amounts falling due within one year 7 81,511 59,700
NET CURRENT ASSETS 99,455 134,296
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,245

174,491

CREDITORS
Amounts falling due after more than one
year

8

(50,112

)

(69,460

)

PROVISIONS FOR LIABILITIES (5,561 ) (5,106 )
NET ASSETS 84,572 99,925

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 84,571 99,924
SHAREHOLDERS' FUNDS 84,572 99,925

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 director acknowledges his 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.

Kaleidacoat Limited (Registered number: 09010649)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 December 2024 and were signed by:





M R Hunt - Director


Kaleidacoat Limited (Registered number: 09010649)

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

1. STATUTORY INFORMATION

Kaleidacoat 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 represents invoiced amount of goods and services stated net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
New office - 10% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Kaleidacoat Limited (Registered number: 09010649)

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

4. TANGIBLE FIXED ASSETS
New Plant and Motor Computer
office machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 14,868 36,794 54,732 3,424 109,818
Additions - 10,628 - 1,407 12,035
At 31 March 2024 14,868 47,422 54,732 4,831 121,853
DEPRECIATION
At 1 April 2023 7,313 20,803 38,084 3,423 69,623
Charge for year 1,486 5,324 4,162 468 11,440
At 31 March 2024 8,799 26,127 42,246 3,891 81,063
NET BOOK VALUE
At 31 March 2024 6,069 21,295 12,486 940 40,790
At 31 March 2023 7,555 15,991 16,648 1 40,195

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 17,141 19,747
Other debtors 29,180 4,220
CIS suffered 79,782 89,454
VAT - 3,893
126,103 117,314

6. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Other 12,920 12,880

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans 9,348 7,546
Tax 2,976 10,061
Social security and other taxes 34,049 28,429
VAT 24,321 -
Directors' current accounts 312 350
Accrued expenses 505 3,314
81,511 59,700

Kaleidacoat Limited (Registered number: 09010649)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 12,554 22,554
Other loans - 2-5 years 37,558 46,906
50,112 69,460

9. ULTIMATE CONTROLLING PARTY

The controlling party is M R Hunt.

At the year end the company owed the director £312, (2023, £350).