2 May 2023 false No description of principal activity Taxfiler 2024.6 14840325business:PrivateLimitedCompanyLtd2023-05-022024-05-31 148403252023-05-01 148403252023-05-022024-05-31 14840325business:AuditExemptWithAccountantsReport2023-05-022024-05-31 14840325business:FilletedAccounts2023-05-022024-05-31 148403252024-05-31 14840325business:Director12023-05-022024-05-31 14840325business:RegisteredOffice2023-05-022024-05-31 14840325core:WithinOneYear2024-05-31 14840325core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 14840325core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 14840325core:PreviouslyStatedAmount2024-05-31 14840325business:SmallEntities2023-05-022024-05-31 14840325countries:EnglandWales2023-05-022024-05-31 14840325core:ComputerEquipment2023-05-022024-05-31 14840325core:ComputerEquipment2023-05-01 14840325core:ComputerEquipment2024-05-31 iso4217:GBP xbrli:pure
Company Registration No. 14840325 (England and Wales)
My Car Color Limited Unaudited accounts for the period from 2 May 2023 to 31 May 2024
My Car Color Limited Unaudited accounts Contents
Page
- 2 -
My Car Color Limited Company Information for the period from 2 May 2023 to 31 May 2024
Director
Justin Pollington-Woods
Company Number
14840325 (England and Wales)
Registered Office
20-22 Wenlock Road London N1 7GU England
Accountants
Dominique Rose Limited Hyde Farm Hyde Lane Herts HP3 8SA
- 3 -
My Car Color Limited Statement of financial position as at 31 May 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
552 
Current assets
Debtors
4,581 
Cash at bank and in hand
7,553 
12,134 
Creditors: amounts falling due within one year
(3,644)
Net current assets
8,490 
Net assets
9,042 
Capital and reserves
Called up share capital
1 
Profit and loss account
9,041 
Shareholders' funds
9,042 
For the period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 January 2025 and were signed on its behalf by
Justin Pollington-Woods Director Company Registration No. 14840325
- 4 -
My Car Color Limited Notes to the Accounts for the period from 2 May 2023 to 31 May 2024
1
Statutory information
My Car Color Limited is a private company, limited by shares, registered in England and Wales, registration number 14840325. The registered office is 20-22 Wenlock Road, London, N1 7GU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% on Cost
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 2 May 2023
- 
Additions
736 
At 31 May 2024
736 
Depreciation
Charge for the period
184 
At 31 May 2024
184 
Net book value
At 31 May 2024
552 
- 5 -
My Car Color Limited Notes to the Accounts for the period from 2 May 2023 to 31 May 2024
5
Debtors
2024 
£ 
Amounts falling due within one year
VAT
279 
Trade debtors
4,302 
4,581 
6
Creditors: amounts falling due within one year
2024 
£ 
Taxes and social security
2,292 
Loans from directors
852 
Accruals
500 
3,644 
7
Average number of employees
During the period the average number of employees was 1.
- 6 -