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REGISTERED NUMBER: 02397235 (England and Wales)



































Financial Statements

for the Year Ended 31 December 2024

for

A.T.C. Colours Limited

A.T.C. Colours Limited (Registered number: 02397235)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A.T.C. Colours Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: J J Font de Mora Gozalbo
J Villar Castano
P Font De Mora



REGISTERED OFFICE: Vale Works
New Haden Road
Cheadle
Staffordshire
ST10 1UF



REGISTERED NUMBER: 02397235 (England and Wales)



SENIOR STATUTORY AUDITOR: Paul Scriven FCCA



AUDITORS: Paterson Brodie Limited
Chartered Certified Accountants
Statutory Auditor
Cliveden Chambers
Cliveden Place
Longton
Stoke-on-Trent
Staffordshire
ST3 4JB

A.T.C. Colours Limited (Registered number: 02397235)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 30,000 40,000
Tangible assets 5 677,987 686,657
707,987 726,657

CURRENT ASSETS
Stocks 6 448,291 548,309
Debtors 7 145,325 178,986
Cash at bank and in hand 838,899 667,892
1,432,515 1,395,187
CREDITORS
Amounts falling due within one year 8 144,702 189,476
NET CURRENT ASSETS 1,287,813 1,205,711
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,995,800

1,932,368

PROVISIONS FOR LIABILITIES 9 25,095 24,570
NET ASSETS 1,970,705 1,907,798

CAPITAL AND RESERVES
Called up share capital 1,004,305 1,004,305
Retained earnings 10 966,400 903,493
1,970,705 1,907,798

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 28 April 2025 and were signed on its behalf by:





P Font De Mora - Director


A.T.C. Colours Limited (Registered number: 02397235)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

A.T.C. Colours 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, 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 each asset over its estimated useful life.
Freehold property - 1% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

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 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.


A.T.C. Colours Limited (Registered number: 02397235)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

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 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 50,000
AMORTISATION
At 1 January 2024 10,000
Charge for year 10,000
At 31 December 2024 20,000
NET BOOK VALUE
At 31 December 2024 30,000
At 31 December 2023 40,000

A.T.C. Colours Limited (Registered number: 02397235)

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

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2024 308,500 321,601 262,015
Additions - - 242
At 31 December 2024 308,500 321,601 262,257
DEPRECIATION
At 1 January 2024 78,740 12,353 203,278
Charge for year 3,085 3,214 5,897
At 31 December 2024 81,825 15,567 209,175
NET BOOK VALUE
At 31 December 2024 226,675 306,034 53,082
At 31 December 2023 229,760 309,248 58,737

Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 96,268 47,500 7,793 1,043,677
Additions 15,769 - 93 16,104
At 31 December 2024 112,037 47,500 7,886 1,059,781
DEPRECIATION
At 1 January 2024 21,240 36,084 5,325 357,020
Charge for year 9,081 2,855 642 24,774
At 31 December 2024 30,321 38,939 5,967 381,794
NET BOOK VALUE
At 31 December 2024 81,716 8,561 1,919 677,987
At 31 December 2023 75,028 11,416 2,468 686,657

6. STOCKS
31.12.24 31.12.23
£    £   
Stocks 448,291 548,309

A.T.C. Colours Limited (Registered number: 02397235)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 124,367 157,368
Other debtors 10,000 10,000
Prepayments 10,958 11,618
145,325 178,986

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 33,520 39,406
Amounts owed to group undertakings 49,667 81,371
Tax 23,778 28,384
Social security and other taxes 5,426 3,901
VAT 23,501 26,416
Other creditors 2,185 2,185
Accrued expenses 6,625 7,813
144,702 189,476

9. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 25,095 24,570

Deferred
tax
£   
Balance at 1 January 2024 24,570
Charge to Income Statement during year 525
Balance at 31 December 2024 25,095

10. RESERVES
Retained
earnings
£   

At 1 January 2024 903,493
Profit for the year 62,907
At 31 December 2024 966,400

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Scriven FCCA (Senior Statutory Auditor)
for and on behalf of Paterson Brodie Limited

A.T.C. Colours Limited (Registered number: 02397235)

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

12. ULTIMATE CONTROLLING PARTY

The controlling party is Colores Ceramicos S.A.

The ultimate controlling party is Vidres S.A.

100% of the share capital of the parent company, Colores Ceramicos S.A. whose registered office is situated at; Carratera Villareal, Km 55, 12200 Onda, Castellon, Spain, is owned by Vidres S.A., a company registered in Spain.