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REGISTERED NUMBER: 02099607 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

D.S. COLOUR LABS LIMITED

D.S. COLOUR LABS LIMITED (REGISTERED NUMBER: 02099607)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


D.S. COLOUR LABS LIMITED (REGISTERED NUMBER: 02099607)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,601 6,401
Tangible assets 5 641,295 478,880
Investments 6 580,100 580,100
1,226,996 1,065,381

CURRENT ASSETS
Stocks 50,743 50,743
Debtors 7 2,150,582 2,152,131
Cash at bank and in hand 2,029,482 1,958,640
4,230,807 4,161,514
CREDITORS
Amounts falling due within one year 8 347,897 432,453
NET CURRENT ASSETS 3,882,910 3,729,061
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,109,906

4,794,442

CREDITORS
Amounts falling due after more than one
year

9

(79,885

)

-

PROVISIONS FOR LIABILITIES 10 (30,310 ) (29,175 )
NET ASSETS 4,999,711 4,765,267

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 4,999,611 4,765,167
SHAREHOLDERS' FUNDS 4,999,711 4,765,267

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

D.S. COLOUR LABS LIMITED (REGISTERED NUMBER: 02099607)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 February 2025 and were signed on its behalf by:





Mr J D Porter - Director


D.S. COLOUR LABS LIMITED (REGISTERED NUMBER: 02099607)

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

1. STATUTORY INFORMATION

D.s. Colour Labs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02099607

Registered office: Unit 12 Bamford Business Park
Hibbert Street
Reddish
Stockport
Cheshire
SK4 1PL

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Client List is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 Statement of Income and Retained Earnings, 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.


D.S. COLOUR LABS LIMITED (REGISTERED NUMBER: 02099607)

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

2. ACCOUNTING POLICIES - continued
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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Client
Goodwill List Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 1 8,000 8,001
AMORTISATION
At 1 October 2023 - 1,600 1,600
Amortisation for year - 800 800
At 30 September 2024 - 2,400 2,400
NET BOOK VALUE
At 30 September 2024 1 5,600 5,601
At 30 September 2023 1 6,400 6,401

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 345,745 709,408 14,725 207,191 1,277,069
Additions - - 207,571 10,017 217,588
At 30 September 2024 345,745 709,408 222,296 217,208 1,494,657
DEPRECIATION
At 1 October 2023 - 619,057 13,438 165,694 798,189
Charge for year - 13,552 30,437 11,184 55,173
At 30 September 2024 - 632,609 43,875 176,878 853,362
NET BOOK VALUE
At 30 September 2024 345,745 76,799 178,421 40,330 641,295
At 30 September 2023 345,745 90,351 1,287 41,497 478,880

D.S. COLOUR LABS LIMITED (REGISTERED NUMBER: 02099607)

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

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 100 580,000 580,100
NET BOOK VALUE
At 30 September 2024 100 580,000 580,100
At 30 September 2023 100 580,000 580,100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Amounts owed by group undertakings 1,372,594 1,459,642
Other debtors 777,988 692,489
2,150,582 2,152,131

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 2,998 -
Trade creditors 154,166 140,531
Amounts owed to group undertakings 1,521 -
Taxation and social security 167,134 231,237
Other creditors 22,078 60,685
347,897 432,453

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 79,885 -

10. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 30,310 29,175

Deferred
tax
£   
Balance at 1 October 2023 29,175
Provided during year 1,135
Balance at 30 September 2024 30,310

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100

D.S. COLOUR LABS LIMITED (REGISTERED NUMBER: 02099607)

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

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
Mr J D Porter
Balance outstanding at start of year 629,808 660,830
Amounts advanced 527,125 431,016
Amounts repaid (461,709 ) (462,038 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 695,224 629,808

The maximum overdrawn balance in the year was £695,244 and £450,000 was repaid within nine months of the year end.

13. RELATED PARTY DISCLOSURES

The controlling party is Mr J D Porter.