Registered number
06372656
Colourwheel (UK) Ltd
Filleted Accounts
30 September 2024
Colourwheel (UK) Ltd
Registered number: 06372656
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,343 7,579
Current assets
Stocks 2,441 2,441
Debtors 4 84,169 69,610
Cash at bank and in hand 6,355 239
92,965 72,290
Creditors: amounts falling due within one year 5 (70,777) (49,430)
Net current assets 22,188 22,860
Net assets 25,531 30,439
Capital and reserves
Called up share capital 2 2
Profit and loss account 25,529 30,437
Shareholder's funds 25,531 30,439
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Callaghan
Director
Approved by the board on 24 October 2024
Colourwheel (UK) Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 15,818 11,287 27,105
At 30 September 2024 15,818 11,287 27,105
Depreciation
At 1 October 2023 9,131 10,395 19,526
Charge for the year 3,344 892 4,236
At 30 September 2024 12,475 11,287 23,762
Net book value
At 30 September 2024 3,343 - 3,343
At 30 September 2023 6,687 892 7,579
4 Debtors 2024 2023
£ £
Trade debtors - 8,183
Other debtors 84,169 61,427
84,169 69,610
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 29,472 32,146
Taxation and social security costs 19,660 13,230
Other creditors 21,645 4,054
70,777 49,430
6 Other information
Colourwheel (UK) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
35 Brocklesby Road
London
SE25 4LB
Colourwheel (UK) Ltd 06372656 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts July 2024 A Callaghan No description of principal activity 06372656 2022-10-01 2023-09-30 06372656 core:WithinOneYear 2023-09-30 06372656 core:ShareCapital 2023-09-30 06372656 core:RetainedEarningsAccumulatedLosses 2023-09-30 06372656 2023-10-01 2024-09-30 06372656 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06372656 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06372656 bus:Director40 2023-10-01 2024-09-30 06372656 core:PlantMachinery 2023-10-01 2024-09-30 06372656 core:Vehicles 2023-10-01 2024-09-30 06372656 countries:England 2023-10-01 2024-09-30 06372656 bus:FRS102 2023-10-01 2024-09-30 06372656 bus:FilletedAccounts 2023-10-01 2024-09-30 06372656 2024-09-30 06372656 core:WithinOneYear 2024-09-30 06372656 core:ShareCapital 2024-09-30 06372656 core:RetainedEarningsAccumulatedLosses 2024-09-30 06372656 core:PlantMachinery 2024-09-30 06372656 core:Vehicles 2024-09-30 06372656 2023-09-30 06372656 core:PlantMachinery 2023-09-30 06372656 core:Vehicles 2023-09-30 iso4217:GBP xbrli:pure