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REGISTERED NUMBER: 07392661 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

COLOURHOUSE MASTERBATCH LIMITED

COLOURHOUSE MASTERBATCH LIMITED (REGISTERED NUMBER: 07392661)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


COLOURHOUSE MASTERBATCH LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: B M Davies
G J Tarpey
G T Davies
J Cunliffe
V Whittaker





REGISTERED OFFICE: Unit C1 9-11 Swan Lane
Hindley Green
Wigan
Greater Manchester
WN2 4HD





REGISTERED NUMBER: 07392661 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

COLOURHOUSE MASTERBATCH LIMITED (REGISTERED NUMBER: 07392661)

STATEMENT OF FINANCIAL POSITION
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 35,929 43,551

CURRENT ASSETS
Stocks 111,901 120,378
Debtors 5 225,013 129,247
Cash at bank 53,731 155,779
390,645 405,404
CREDITORS
Amounts falling due within one year 6 169,978 156,053
NET CURRENT ASSETS 220,667 249,351
TOTAL ASSETS LESS CURRENT
LIABILITIES

256,596

292,902

CREDITORS
Amounts falling due after more than one year 7 - (10,989 )

PROVISIONS FOR LIABILITIES (8,976 ) (10,880 )
NET ASSETS 247,620 271,033

CAPITAL AND RESERVES
Called up share capital 43,750 43,750
Capital redemption reserve 8,750 8,750
Retained earnings 195,120 218,533
SHAREHOLDERS' FUNDS 247,620 271,033

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.

COLOURHOUSE MASTERBATCH LIMITED (REGISTERED NUMBER: 07392661)

STATEMENT OF FINANCIAL POSITION - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2025 and were signed on its behalf by:




G T Davies - Director G J Tarpey - Director




B M Davies - Director J Cunliffe - Director




V Whittaker - Director


COLOURHOUSE MASTERBATCH LIMITED (REGISTERED NUMBER: 07392661)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Colourhouse Masterbatch 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.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of value added tax.

Turnover recognised at which the consumer receives the goods. This is the point when the risks and rewards of ownership have been transferred to the customer.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 33% on cost, 15% on reducing balance and 2% on cost

Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments
The following assets and liabilities are classified as financial instruments; trade debtors, prepayments, bank accounts, trade creditors, director's loan accounts and accruals,

Debt instruments that are payable or receivable within one year, typically trade debtors, prepayments, bank accounts, trade creditors, director's loan accounts and accruals are measured initially and subsequently at the undiscounted amount of the cash that is expected to be paid or received.

The company has elected to apply the provisions of FRS 102 Section 11 'Basic Financial Instruments' to all of its financial instruments.

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 statement of financial position date.

COLOURHOUSE MASTERBATCH LIMITED (REGISTERED NUMBER: 07392661)

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 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 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 118,599
DEPRECIATION
At 1 October 2023 75,048
Charge for year 7,622
At 30 September 2024 82,670
NET BOOK VALUE
At 30 September 2024 35,929
At 30 September 2023 43,551

COLOURHOUSE MASTERBATCH LIMITED (REGISTERED NUMBER: 07392661)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 223,361 127,614
Other debtors 1,652 1,633
225,013 129,247

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,434 4,796
Trade creditors 65,216 58,911
Taxation and social security 67,831 59,420
Other creditors 34,497 32,926
169,978 156,053

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 10,989