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REGISTERED NUMBER: 03987550 (England and Wales)








REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

COLOREND LIMITED

COLOREND LIMITED (REGISTERED NUMBER: 03987550)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Report of the Director 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 8


COLOREND LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTOR: Mr M Morris





SECRETARY: Mr M Morris





REGISTERED OFFICE: Unit 1 Guinness Road
Trafford Park
Manchester
Lancashire
M17 1SD





REGISTERED NUMBER: 03987550 (England and Wales)





ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD

COLOREND LIMITED (REGISTERED NUMBER: 03987550)

REPORT OF THE DIRECTOR
for the Year Ended 31 July 2024

The director presents his report with the financial statements of the company for the year ended 31 July 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of building finishing and rendering.

DIRECTOR
Mr M Morris held office during the whole of the period from 1 August 2023 to the date of this report.

The director shown below was in office at 31 July 2024 but did not hold any interest in the Ordinary shares of £1 each at 1 August 2023 or 31 July 2024.

Mr M Morris

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr M Morris - Director


27 March 2025

COLOREND LIMITED (REGISTERED NUMBER: 03987550)

BALANCE SHEET
31 July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 216,857 173,806

CURRENT ASSETS
Stocks 5 473,399 133,613
Debtors 6 364,943 563,825
Cash at bank 156,172 88,458
994,514 785,896
CREDITORS
Amounts falling due within one year 7 (399,836 ) (237,614 )
NET CURRENT ASSETS 594,678 548,282
TOTAL ASSETS LESS CURRENT
LIABILITIES

811,535

722,088

CREDITORS
Amounts falling due after more than one
year

8

(152,114

)

(76,723

)

PROVISIONS FOR LIABILITIES (54,214 ) (40,952 )
NET ASSETS 605,207 604,413

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 605,107 604,313
SHAREHOLDERS' FUNDS 605,207 604,413

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

COLOREND LIMITED (REGISTERED NUMBER: 03987550)

BALANCE SHEET - continued
31 July 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 director and authorised for issue on 27 March 2025 and were signed by:





Mr M Morris - Director


COLOREND LIMITED (REGISTERED NUMBER: 03987550)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Colorend 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 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.

COLOREND LIMITED (REGISTERED NUMBER: 03987550)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 August 2023 10,000 135,140 236,571 381,711
Additions - 3,840 167,240 171,080
Disposals - - (94,000 ) (94,000 )
At 31 July 2024 10,000 138,980 309,811 458,791
DEPRECIATION
At 1 August 2023 - 97,377 110,528 207,905
Charge for year - 6,240 57,164 63,404
Eliminated on disposal - - (29,375 ) (29,375 )
At 31 July 2024 - 103,617 138,317 241,934
NET BOOK VALUE
At 31 July 2024 10,000 35,363 171,494 216,857
At 31 July 2023 10,000 37,763 126,043 173,806

COLOREND LIMITED (REGISTERED NUMBER: 03987550)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023 198,904
Additions 167,240
Disposals (94,000 )
Transfer to ownership (51,322 )
At 31 July 2024 220,822
DEPRECIATION
At 1 August 2023 77,095
Charge for year 56,106
Eliminated on disposal (29,375 )
Transfer to ownership (38,703 )
At 31 July 2024 65,123
NET BOOK VALUE
At 31 July 2024 155,699
At 31 July 2023 121,809

5. STOCKS
31.7.24 31.7.23
£    £   
Stocks 43,399 43,399
Work-in-progress 430,000 90,214
473,399 133,613

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 303,084 448,343
Amounts owed by group undertakings 31,947 87,352
Other debtors 29,912 28,130
364,943 563,825

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 184,572 3,450
Hire purchase contracts (see note 9) 50,208 38,693
Trade creditors 110,966 146,839
Amounts owed to group undertakings 37,062 536
Taxation and social security 10,996 29,660
Other creditors 6,032 18,436
399,836 237,614

COLOREND LIMITED (REGISTERED NUMBER: 03987550)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 58,333 -
Hire purchase contracts (see note 9) 93,781 76,723
152,114 76,723

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.7.24 31.7.23
£    £   
Net obligations repayable:
Within one year 50,208 38,693
Between one and five years 93,781 76,723
143,989 115,416

Non-cancellable operating leases
31.7.24 31.7.23
£    £   
Within one year 30,560 28,840
Between one and five years 106,960 100,940
137,520 129,780

10. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 235,470 -
Hire purchase contracts 143,989 115,416
379,459 115,416

Assets held on hire purchase are secured on the assets to which they relate.
Bank loans are secured on a fixed and floating charge over the assets of the business.

11. ULTIMATE CONTROLLING PARTY

The controlling party is MLM (999) Ltd..