IRIS Accounts Production v24.3.2.46 13145670 Board of Directors 1.7.23 30.6.24 30.6.24 true false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh131456702023-06-30131456702024-06-30131456702023-07-012024-06-30131456702022-06-30131456702022-07-012023-06-30131456702023-06-3013145670ns15:EnglandWales2023-07-012024-06-3013145670ns14:PoundSterling2023-07-012024-06-3013145670ns10:Director12023-07-012024-06-3013145670ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3013145670ns10:SmallEntities2023-07-012024-06-3013145670ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3013145670ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3013145670ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3013145670ns10:FullAccounts2023-07-012024-06-301314567012023-07-012024-06-3013145670ns10:OrdinaryShareClass12023-07-012024-06-3013145670ns5:CurrentFinancialInstruments2024-06-3013145670ns5:CurrentFinancialInstruments2023-06-3013145670ns5:Non-currentFinancialInstruments2024-06-3013145670ns5:Non-currentFinancialInstruments2023-06-3013145670ns5:ShareCapital2024-06-3013145670ns5:ShareCapital2023-06-3013145670ns5:RetainedEarningsAccumulatedLosses2024-06-3013145670ns5:RetainedEarningsAccumulatedLosses2023-06-3013145670ns10:RegisteredOffice2023-07-012024-06-3013145670ns5:NetGoodwill2023-07-012024-06-3013145670ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3013145670ns5:LeaseholdImprovements2023-07-012024-06-3013145670ns5:PlantMachinery2023-07-012024-06-3013145670ns5:NetGoodwill2023-06-3013145670ns5:NetGoodwill2024-06-3013145670ns5:NetGoodwill2023-06-3013145670ns5:LeaseholdImprovements2023-06-3013145670ns5:PlantMachinery2023-06-3013145670ns5:FurnitureFittings2023-06-3013145670ns5:FurnitureFittings2023-07-012024-06-3013145670ns5:LeaseholdImprovements2024-06-3013145670ns5:PlantMachinery2024-06-3013145670ns5:FurnitureFittings2024-06-3013145670ns5:LeaseholdImprovements2023-06-3013145670ns5:PlantMachinery2023-06-3013145670ns5:FurnitureFittings2023-06-3013145670ns5:MotorVehicles2023-06-3013145670ns5:ComputerEquipment2023-06-3013145670ns5:MotorVehicles2023-07-012024-06-3013145670ns5:ComputerEquipment2023-07-012024-06-3013145670ns5:MotorVehicles2024-06-3013145670ns5:ComputerEquipment2024-06-3013145670ns5:MotorVehicles2023-06-3013145670ns5:ComputerEquipment2023-06-3013145670ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-3013145670ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-07-012024-06-3013145670ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-06-3013145670ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-3013145670ns5:CostValuation2023-06-3013145670ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3013145670ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3013145670ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-06-3013145670ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-06-3013145670ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-06-3013145670ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-06-3013145670ns5:HirePurchaseContracts2024-06-3013145670ns5:HirePurchaseContracts2023-06-3013145670ns5:WithinOneYear2024-06-3013145670ns5:WithinOneYear2023-06-3013145670ns5:BetweenOneFiveYears2024-06-3013145670ns5:BetweenOneFiveYears2023-06-3013145670ns5:AllPeriods2024-06-3013145670ns5:AllPeriods2023-06-3013145670ns5:Secured2024-06-3013145670ns5:Secured2023-06-3013145670ns10:OrdinaryShareClass12024-06-30
REGISTERED NUMBER: 13145670 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

COLOURPOINT GROUP LIMITED

COLOURPOINT GROUP LIMITED (REGISTERED NUMBER: 13145670)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


COLOURPOINT GROUP LIMITED (REGISTERED NUMBER: 13145670)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 31,208 41,327
Tangible assets 5 540,405 547,466
Investments 6 3 3
571,616 588,796

CURRENT ASSETS
Stocks 71,652 45,026
Debtors 7 891,682 793,922
Cash at bank 29,449 29,776
992,783 868,724
CREDITORS
Amounts falling due within one year 8 986,486 867,540
NET CURRENT ASSETS 6,297 1,184
TOTAL ASSETS LESS CURRENT
LIABILITIES

577,913

589,980

CREDITORS
Amounts falling due after more than one year 9 (261,215 ) (281,218 )

PROVISIONS FOR LIABILITIES (99,874 ) (98,960 )
NET ASSETS 216,824 209,802

CAPITAL AND RESERVES
Called up share capital 12 1,000 1,000
Retained earnings 215,824 208,802
SHAREHOLDERS' FUNDS 216,824 209,802

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

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

COLOURPOINT GROUP LIMITED (REGISTERED NUMBER: 13145670)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 13 March 2025 and were signed on its behalf by:





D Dineen - Director


COLOURPOINT GROUP LIMITED (REGISTERED NUMBER: 13145670)

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

1. STATUTORY INFORMATION

Colourpoint Group 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: 13145670

Registered office: Units A & B
Wessex Road Industrial Estate
Wessex Road
Bourne End
Buckinghamshire
SL8 5DT

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 2022, is being amortised evenly over its estimated useful life of five 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Leasehold property - 20% on cost
Plant and machinery - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.


COLOURPOINT GROUP LIMITED (REGISTERED NUMBER: 13145670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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 statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 50 (2023 - 44 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 50,592
AMORTISATION
At 1 July 2023 9,265
Amortisation for year 10,119
At 30 June 2024 19,384
NET BOOK VALUE
At 30 June 2024 31,208
At 30 June 2023 41,327

COLOURPOINT GROUP LIMITED (REGISTERED NUMBER: 13145670)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023 9,036 618,587 -
Additions 14,751 64,912 2,388
At 30 June 2024 23,787 683,499 2,388
DEPRECIATION
At 1 July 2023 1,958 86,337 -
Charge for year 2,299 90,707 209
At 30 June 2024 4,257 177,044 209
NET BOOK VALUE
At 30 June 2024 19,530 506,455 2,179
At 30 June 2023 7,078 532,250 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 - 11,368 638,991
Additions 3,199 6,077 91,327
At 30 June 2024 3,199 17,445 730,318
DEPRECIATION
At 1 July 2023 - 3,230 91,525
Charge for year 67 5,106 98,388
At 30 June 2024 67 8,336 189,913
NET BOOK VALUE
At 30 June 2024 3,132 9,109 540,405
At 30 June 2023 - 8,138 547,466

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 July 2023
and 30 June 2024 354,058
DEPRECIATION
At 1 July 2023 48,412
Charge for year 47,853
At 30 June 2024 96,265
NET BOOK VALUE
At 30 June 2024 257,793
At 30 June 2023 305,646

COLOURPOINT GROUP LIMITED (REGISTERED NUMBER: 13145670)

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

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 3
NET BOOK VALUE
At 30 June 2024 3
At 30 June 2023 3

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 669,065 606,370
Amounts owed by group undertakings 44,260 137,281
Amounts owed by associates 99,203 -
Other debtors 79,154 50,271
891,682 793,922

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Bank loans and overdrafts 415,968 319,837
Hire purchase contracts (see note 10) 105,425 72,278
Trade creditors 308,845 221,209
Taxation and social security 105,056 70,741
Other creditors 51,192 183,475
986,486 867,540

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/6/24 30/6/23
£    £   
Hire purchase contracts (see note 10) 199,698 227,532
Amounts owed to group undertakings - 53,686
Other creditors 61,517 -
261,215 281,218

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30/6/24 30/6/23
£    £   
Net obligations repayable:
Within one year 105,425 72,278
Between one and five years 199,698 227,532
305,123 299,810

COLOURPOINT GROUP LIMITED (REGISTERED NUMBER: 13145670)

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

10. LEASING AGREEMENTS - continued

Non-cancellable operating leases
30/6/24 30/6/23
£    £   
Within one year 179,463 107,411
Between one and five years 667,523 -
846,986 107,411

11. SECURED DEBTS

The following secured debts are included within creditors:

30/6/24 30/6/23
£    £   
Bank overdrafts 415,968 319,837
Hire purchase contracts 305,123 299,810
721,091 619,647

The bank overdraft relates to amounts received from an invoice discounting facility which is secured by a fixed and floating charge over the assets of the company.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/24 30/6/23
value: £    £   
1,000 Ordinary £1 1,000 1,000

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30/6/24 30/6/23
£    £   
K Hnat
Balance outstanding at start of year - 7,500
Amounts repaid - (7,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

14. RELATED PARTY DISCLOSURES

The ultimate controlling party is D Dineen.