Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31true19false2024-04-01falseNo description of principal activity20falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03448738 2024-04-01 2025-03-31 03448738 2023-04-01 2024-03-31 03448738 2025-03-31 03448738 2024-03-31 03448738 c:Director1 2024-04-01 2025-03-31 03448738 d:Buildings 2024-04-01 2025-03-31 03448738 d:Buildings 2025-03-31 03448738 d:Buildings 2024-03-31 03448738 d:Buildings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03448738 d:Buildings d:LongLeaseholdAssets 2024-04-01 2025-03-31 03448738 d:PlantMachinery 2024-04-01 2025-03-31 03448738 d:PlantMachinery 2025-03-31 03448738 d:PlantMachinery 2024-03-31 03448738 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03448738 d:FurnitureFittings 2024-04-01 2025-03-31 03448738 d:OfficeEquipment 2024-04-01 2025-03-31 03448738 d:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 03448738 d:OtherPropertyPlantEquipment 2025-03-31 03448738 d:OtherPropertyPlantEquipment 2024-03-31 03448738 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03448738 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03448738 d:CurrentFinancialInstruments 2025-03-31 03448738 d:CurrentFinancialInstruments 2024-03-31 03448738 d:Non-currentFinancialInstruments 2025-03-31 03448738 d:Non-currentFinancialInstruments 2024-03-31 03448738 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 03448738 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03448738 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 03448738 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 03448738 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-03-31 03448738 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 03448738 d:ShareCapital 2025-03-31 03448738 d:ShareCapital 2024-03-31 03448738 d:RetainedEarningsAccumulatedLosses 2025-03-31 03448738 d:RetainedEarningsAccumulatedLosses 2024-03-31 03448738 c:FRS102 2024-04-01 2025-03-31 03448738 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03448738 c:FullAccounts 2024-04-01 2025-03-31 03448738 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03448738 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 03448738 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 03448738 2 2024-04-01 2025-03-31 03448738 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 03448738










COLOURBYTE EUROPE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025



 
COLOURBYTE EUROPE LIMITED
REGISTERED NUMBER: 03448738

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
96,754
111,575

  
96,754
111,575

Current assets
  

Stocks
  
2,041,583
2,064,896

Debtors: amounts falling due within one year
 5 
696,139
759,459

Cash at bank and in hand
  
58,655
183,319

  
2,796,377
3,007,674

Creditors: amounts falling due within one year
 6 
(1,510,088)
(1,914,468)

Net current assets
  
 
 
1,286,289
 
 
1,093,206

Total assets less current liabilities
  
1,383,043
1,204,781

Creditors: amounts falling due after more than one year
 7 
-
(25,049)

Provisions for liabilities
  

Deferred tax
 9 
(24,188)
(22,344)

  
 
 
(24,188)
 
 
(22,344)

Net assets
  
1,358,855
1,157,388


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,358,755
1,157,288

  
1,358,855
1,157,388


Page 1

 
COLOURBYTE EUROPE LIMITED
REGISTERED NUMBER: 03448738
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 July 2025.




T J Stockley
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
COLOURBYTE EUROPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the 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 the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
1.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
1.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
COLOURBYTE EUROPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.Accounting policies (continued)

 
1.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
1.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
1.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
COLOURBYTE EUROPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.Accounting policies (continued)


1.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis.

Depreciation is provided on the following basis:

L/Term Leasehold Property
-
10% straight line
Plant and machinery
-
15% reducing balance
Fixtures and fittings
-
15% reducing balance
Office equipment
-
33.3% reducing balance
Showroon equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
1.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
COLOURBYTE EUROPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.Accounting policies (continued)

 
1.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
1.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


2.


General information

Colourbyte Europe Limited is a private company, limited by shares and incorporated in England.
Its registered number is: 03448738
Its Registered Office is: 
Units 26 & 27 
Whiteleaf Road
Hemel Hempstead
Hertfordshire
HP3 9HD


3.


Employees

The average monthly number of employees, including directors, during the year was 20 (2024 -19).

Page 6

 
COLOURBYTE EUROPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Land and buildings
Plant and machinery
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 April 2024
85,580
145,869
158,992
390,441


Additions
-
-
20,514
20,514


Disposals
-
-
(20,979)
(20,979)



At 31 March 2025

85,580
145,869
158,527
389,976



Depreciation


At 1 April 2024
85,580
113,799
79,487
278,866


Charge for the year on owned assets
-
4,810
20,383
25,193


Disposals
-
-
(10,837)
(10,837)



At 31 March 2025

85,580
118,609
89,033
293,222



Net book value



At 31 March 2025
-
27,260
69,494
96,754



At 31 March 2024
-
32,070
79,505
111,575

Page 7

 
COLOURBYTE EUROPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Debtors

2025
2024
£
£


Trade debtors
433,747
520,240

Other debtors
82,399
81,638

Prepayments and accrued income
179,993
157,581

696,139
759,459



6.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
25,007
150,000

Trade creditors
688,414
991,223

Amounts owed to related parties
56,732
45,968

Corporation tax
117,008
116,021

Other taxation and social security
225,157
152,474

Other creditors
371,218
378,219

Accruals and deferred income
26,552
80,563

1,510,088
1,914,468



7.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
-
25,049

-
25,049


Page 8

 
COLOURBYTE EUROPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Bank loans
25,007
150,000


25,007
150,000

Amounts falling due 1-2 years

Bank loans
-
25,049


-
25,049



25,007
175,049



9.


Deferred taxation




2025


£






At beginning of year
(22,344)


Charged to profit or loss
(1,844)



At end of year
(24,188)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(24,188)
(22,344)

(24,188)
(22,344)

Page 9

 
COLOURBYTE EUROPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £11,679 (2024 - £11.335). Contributions totalling £Nil (2024 - £2,108) were payable to the fund at the reporting date and are included in creditors.

 
Page 10