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REGISTERED NUMBER: 01802229 (England and Wales)













Unicolour Limited

Unaudited Financial Statements

for the Year Ended 31st July 2024






Unicolour Limited (Registered number: 01802229)






Contents of the Financial Statements
for the Year Ended 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Unicolour Limited

Company Information
for the Year Ended 31st July 2024







DIRECTORS: E M F Gleason
Mrs J M Gleason





SECRETARY: Mrs J M Gleason





REGISTERED OFFICE: Tandem Works
Wakefield Road
Waterloo
Huddersfield
HD5 0AN





REGISTERED NUMBER: 01802229 (England and Wales)

Unicolour Limited (Registered number: 01802229)

Balance Sheet
31st July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,525 57,811

CURRENT ASSETS
Stocks 1,947,379 3,476,295
Debtors 5 1,639,937 1,576,727
Cash at bank and in hand 4,678,152 2,410,515
8,265,468 7,463,537
CREDITORS
Amounts falling due within one year 6 3,022,115 1,626,514
NET CURRENT ASSETS 5,243,353 5,837,023
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,288,878

5,894,834

PROVISIONS FOR LIABILITIES 6,536 9,131
NET ASSETS 5,282,342 5,885,703

CAPITAL AND RESERVES
Called up share capital 8 50,000 50,000
Retained earnings 5,232,342 5,835,703
SHAREHOLDERS' FUNDS 5,282,342 5,885,703

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st July 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.

Unicolour Limited (Registered number: 01802229)

Balance Sheet - continued
31st 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th March 2025 and were signed on its behalf by:





E M F Gleason - Director


Unicolour Limited (Registered number: 01802229)

Notes to the Financial Statements
for the Year Ended 31st July 2024

1. STATUTORY INFORMATION

Unicolour 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown after trade discounts, other sales taxes and net of value added tax. Turnover is recognised on the delivery of goods to the customer.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:

- the company has transferred significant risks and rewards of ownership to the buyer;
- the company retains neither continuing managerial involvement to the degree usually associated with
ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the company will receive consideration due under the transaction; and
- the costs incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2.5% Straight Line Basis
Plant and machinery - 15% on Reducing Balance
Fixtures and fittings - 10% on Reducing Balance
Computer equipment - 33.3% Straight Line Basis

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation net of depreciation and any impairment losses.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the income statement.

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

Taxation
Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the income statement.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.

Unicolour Limited (Registered number: 01802229)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

2. ACCOUNTING POLICIES - continued

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 the profit and loss account in the period to which they relate.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2023
and 31st July 2024 314,773
DEPRECIATION
At 1st August 2023 256,962
Charge for year 12,286
At 31st July 2024 269,248
NET BOOK VALUE
At 31st July 2024 45,525
At 31st July 2023 57,811

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 1,493,520 1,555,589
Other debtors 146,417 21,138
1,639,937 1,576,727

Unicolour Limited (Registered number: 01802229)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 1,609,219 1,181,225
Taxation and social security 298,735 301,646
Other creditors 1,114,161 143,643
3,022,115 1,626,514

7. SECURED DEBTS

Bank facilities are secured by a debenture in favour of Lloyds Bank plc dated 1 October 1998 over the whole of the undertakings, property and assets of the company. At 31 July 2024 and 31 July 2023, there were no amounts outstanding owed to Lloyds Bank plc.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
50,000 Ordinary £1 50,000 50,000

The ordinary shares are non-redeemable and have equal voting, dividend and capital rights.

9. CONTINGENT LIABILITIES

The company has provided HM Revenue & Customs a guarantee of £318,000 in respect of the company's deferment of duty.

10. RELATED PARTY DISCLOSURES

During the year, sales were made to an associated company totalling £216,982 (2023 - £468,924). No amounts amounts were outstanding at they year end (2023 - £133,629).

During the year, or last year, Unicolour Limited purchased no goods and services from an associated company. No amounts were outstanding at the year end.

During the year, the company paid a market rent totalling £28,000 (2023 - £27,100) to the Unicolour Limited Directors Special Pension Scheme.

11. ULTIMATE CONTROLLING PARTY

The controlling party is E M F Gleason.