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REGISTERED NUMBER: 09248862 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Art Colour Limited

Art Colour Limited (Registered number: 09248862)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Art Colour Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Ms L G Ionescu





REGISTERED OFFICE: Parkgate House
33a Pratt Street
London
NW1 0BG





REGISTERED NUMBER: 09248862 (England and Wales)





ACCOUNTANTS: Creasey Alexander & Co
Chartered Accountants
Parkgate House
33a Pratt Street
London
NW1 0BG

Art Colour Limited (Registered number: 09248862)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,201 2,143

CURRENT ASSETS
Stocks 11,679 12,451
Debtors 5 81,385 53,331
Cash at bank 22,311 75,639
115,375 141,421
CREDITORS
Amounts falling due within one year 6 157,969 170,956
NET CURRENT LIABILITIES (42,594 ) (29,535 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(41,393

)

(27,392

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (41,394 ) (27,393 )
SHAREHOLDERS' FUNDS (41,393 ) (27,392 )

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 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.

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 28 January 2025 and were signed by:





Ms L G Ionescu - Director


Art Colour Limited (Registered number: 09248862)

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

1. STATUTORY INFORMATION

Art Colour 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 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 - 12.5% on cost
Plant and machinery etc - 25% on cost and 15% 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 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.

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.

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 7 (2023 - 10 ) .

Art Colour Limited (Registered number: 09248862)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 8,459 117,656 126,115
Additions - 509 509
At 31 March 2024 8,459 118,165 126,624
DEPRECIATION
At 1 April 2023 7,489 116,483 123,972
Charge for year 965 486 1,451
At 31 March 2024 8,454 116,969 125,423
NET BOOK VALUE
At 31 March 2024 5 1,196 1,201
At 31 March 2023 970 1,173 2,143

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 5,365 -
Other debtors 76,020 53,331
81,385 53,331

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 123,218 120,813
Taxation and social security 9,495 14,737
Other creditors 25,256 35,406
157,969 170,956

7. SECURED DEBTS

A Cynergy Bank (previously Bank of Cyprus) loan facility is in place, secured by a fixed and floating charge on company assets, current and future. A Notification Of Registration Of A Charge was submitted to Companies House on 9 March 2016.