2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-11-01 Sage Accounts Production Advanced 2024 - FRS102_2024 6,171 3,505 808 4,313 1,858 2,666 xbrli:pure xbrli:shares iso4217:GBP 08257975 2023-11-01 2024-10-31 08257975 2024-10-31 08257975 2023-10-31 08257975 2022-11-01 2023-10-31 08257975 2023-10-31 08257975 2022-10-31 08257975 bus:Director2 2023-11-01 2024-10-31 08257975 bus:Director1 2023-11-01 2024-10-31 08257975 core:WithinOneYear 2024-10-31 08257975 core:WithinOneYear 2023-10-31 08257975 core:ShareCapital 2024-10-31 08257975 core:ShareCapital 2023-10-31 08257975 core:RetainedEarningsAccumulatedLosses 2024-10-31 08257975 core:RetainedEarningsAccumulatedLosses 2023-10-31 08257975 bus:Director1 2023-10-31 08257975 bus:Director1 2022-10-31 08257975 bus:SmallEntities 2023-11-01 2024-10-31 08257975 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 08257975 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 08257975 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08257975 bus:FullAccounts 2023-11-01 2024-10-31 08257975 core:OfficeEquipment 2023-11-01 2024-10-31 08257975 core:OfficeEquipment 2024-10-31 08257975 core:OfficeEquipment 2023-10-31
COMPANY REGISTRATION NUMBER: 08257975
Local Colour Social Risk Management Ltd
Filleted Unaudited Financial Statements
31 October 2024
Local Colour Social Risk Management Ltd
Statement of Financial Position
31 October 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
1,858
2,666
Current assets
Cash at bank and in hand
23,865
25,297
Creditors: amounts falling due within one year
6
949
1,152
--------
--------
Net current assets
22,916
24,145
--------
--------
Total assets less current liabilities
24,774
26,811
--------
--------
Net assets
24,774
26,811
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
24,772
26,809
--------
--------
Shareholders funds
24,774
26,811
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 10 July 2025 , and are signed on behalf of the board by:
Mr C White
Director
Company registration number: 08257975
Local Colour Social Risk Management Ltd
Notes to the Financial Statements
Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 37 Earl Street, Hastings, East Sussex, TN34 1SG, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
4. Staff costs
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 November 2023 and 31 October 2024
6,171
6,171
-------
-------
Depreciation
At 1 November 2023
3,505
3,505
Charge for the year
808
808
-------
-------
At 31 October 2024
4,313
4,313
-------
-------
Carrying amount
At 31 October 2024
1,858
1,858
-------
-------
At 31 October 2023
2,666
2,666
-------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
949
1,152
----
-------
7. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Balance brought forward and outstanding
2024
2023
£
£
MS A Patel
( 49)
( 49)
----
----
8. Related party transactions
The company was under the control of Ms A Patel and Mr C White throughout the current period.