Acorah Software Products - Accounts Production 16.1.300 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 11152437 Mr William Henney iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11152437 2023-01-31 11152437 2024-01-31 11152437 2023-02-01 2024-01-31 11152437 frs-core:CurrentFinancialInstruments 2024-01-31 11152437 frs-core:Non-currentFinancialInstruments 2024-01-31 11152437 frs-core:FurnitureFittings 2024-01-31 11152437 frs-core:FurnitureFittings 2023-02-01 2024-01-31 11152437 frs-core:FurnitureFittings 2023-01-31 11152437 frs-core:MotorVehicles 2024-01-31 11152437 frs-core:MotorVehicles 2023-02-01 2024-01-31 11152437 frs-core:MotorVehicles 2023-01-31 11152437 frs-core:PlantMachinery 2024-01-31 11152437 frs-core:PlantMachinery 2023-02-01 2024-01-31 11152437 frs-core:PlantMachinery 2023-01-31 11152437 frs-core:ShareCapital 2024-01-31 11152437 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11152437 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11152437 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11152437 frs-bus:SmallEntities 2023-02-01 2024-01-31 11152437 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11152437 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11152437 frs-bus:Director1 2023-02-01 2024-01-31 11152437 frs-countries:EnglandWales 2023-02-01 2024-01-31 11152437 2022-01-31 11152437 2023-01-31 11152437 2022-02-01 2023-01-31 11152437 frs-core:CurrentFinancialInstruments 2023-01-31 11152437 frs-core:Non-currentFinancialInstruments 2023-01-31 11152437 frs-core:ShareCapital 2023-01-31 11152437 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11152437
Colourworks (UK) Ltd
Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11152437
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 70,749 46,888
70,749 46,888
CURRENT ASSETS
Debtors 5 118,541 111,136
Cash at bank and in hand 81,500 28,882
200,041 140,018
Creditors: Amounts Falling Due Within One Year 6 (42,541 ) (43,385 )
NET CURRENT ASSETS (LIABILITIES) 157,500 96,633
TOTAL ASSETS LESS CURRENT LIABILITIES 228,249 143,521
Creditors: Amounts Falling Due After More Than One Year 7 (36,574 ) (42,130 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,442 ) (8,909 )
NET ASSETS 178,233 92,482
CAPITAL AND RESERVES
Called up share capital 8 95 95
Profit and Loss Account 178,138 92,387
SHAREHOLDERS' FUNDS 178,233 92,482
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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 William Henney
Director
28 January 2025
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
Colourworks (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11152437 . The registered office is 1a North Street, Whitwick, Coalville, Leicestershire, LE67 5HB.
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.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 February 2023 5,550 98,303 1,000 104,853
Additions - 41,079 - 41,079
As at 31 January 2024 5,550 139,382 1,000 145,932
Depreciation
As at 1 February 2023 2,773 54,754 438 57,965
Provided during the period 695 16,382 141 17,218
As at 31 January 2024 3,468 71,136 579 75,183
Net Book Value
As at 31 January 2024 2,082 68,246 421 70,749
As at 1 February 2023 2,777 43,549 562 46,888
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 47,778 27,477
Other debtors 63,491 70,465
VAT 7,272 13,194
118,541 111,136
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,530 31,785
Corporation tax 33,111 10,030
Other creditors - 1,570
Accruals and deferred income 900 -
42,541 43,385
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 36,574 42,130
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 95 95
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