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REGISTERED NUMBER: 09525708















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

TRUECOLOUR CONTRACTORS LTD

TRUECOLOUR CONTRACTORS LTD (REGISTERED NUMBER: 09525708)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

TRUECOLOUR CONTRACTORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: D J Madeley
D J Bias





REGISTERED OFFICE: 23 Bilston Street
Sedgley
Dudley
West Midlands
DY3 1JA





REGISTERED NUMBER: 09525708





ACCOUNTANTS: Bytheway & Co Accountants Ltd
23 Bilston Street
Sedgley
Dudley
West Midlands
DY3 1JA

TRUECOLOUR CONTRACTORS LTD (REGISTERED NUMBER: 09525708)

BALANCE SHEET
30 APRIL 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 195,354 87,990

CURRENT ASSETS
Debtors 5 237,786 333,871
Cash at bank and in hand 17,712 116,260
255,498 450,131
CREDITORS
Amounts falling due within one year 6 239,931 219,869
NET CURRENT ASSETS 15,567 230,262
TOTAL ASSETS LESS CURRENT
LIABILITIES

210,921

318,252

CREDITORS
Amounts falling due after more than one
year

7

219,368

206,210
NET (LIABILITIES)/ASSETS (8,447 ) 112,042

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (8,547 ) 111,942
SHAREHOLDERS' FUNDS (8,447 ) 112,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

TRUECOLOUR CONTRACTORS LTD (REGISTERED NUMBER: 09525708)

BALANCE SHEET - continued
30 APRIL 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 Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:




D J Madeley - Director



D J Bias - Director


TRUECOLOUR CONTRACTORS LTD (REGISTERED NUMBER: 09525708)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Truecolour Contractors Ltd is a private company, limited by shares , registered in Not specified/Other. 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.
Plant and machinery etc - 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

TRUECOLOUR CONTRACTORS LTD (REGISTERED NUMBER: 09525708)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 138,794
Additions 177,038
Disposals (40,695 )
At 30 April 2024 275,137
DEPRECIATION
At 1 May 2023 50,804
Charge for year 48,838
Eliminated on disposal (19,859 )
At 30 April 2024 79,783
NET BOOK VALUE
At 30 April 2024 195,354
At 30 April 2023 87,990

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 116,731 279,258
Other debtors 121,055 54,613
237,786 333,871

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 10,000 29,486
Hire purchase contracts 33,642 22,067
Trade creditors 18,672 30,097
Taxation and social security 107,765 98,664
Other creditors 69,852 39,555
239,931 219,869

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Bank loans 15,000 25,000
Hire purchase contracts 179,738 52,851
Other creditors 24,630 128,359
219,368 206,210

TRUECOLOUR CONTRACTORS LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
TRUECOLOUR CONTRACTORS LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Bytheway & Co Accountants Ltd
23 Bilston Street
Sedgley
Dudley
West Midlands
DY3 1JA


23 January 2025