Registered number
15084636
The Technicolour Project Ltd
Filleted Accounts
31 March 2025
The Technicolour Project Ltd
Registered number: 15084636
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 4,800 -
Tangible assets 4 24,611 -
29,411 -
Current assets
Debtors 5 11,777 -
Cash at bank and in hand 5,194 1
16,971 1
Creditors: amounts falling due within one year 6 (17,088) -
Net current (liabilities)/assets (117) 1
Total assets less current liabilities 29,294 1
Provisions for liabilities (3,719) -
Net assets 25,575 1
Capital and reserves
Called up share capital 1 1
Profit and loss account 25,574 -
Shareholder's funds 25,575 1
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Jackson
Director
Approved by the board on 16 July 2025
The Technicolour Project Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at the following rates:-
Plant and machinery 15% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 0
3 Intangible fixed assets £
Goodwill:
Cost
Additions 6,000
At 31 March 2025 6,000
Amortisation
Provided during the year 1,200
At 31 March 2025 1,200
Net book value
At 31 March 2025 4,800
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
Additions 5,560 23,500 29,060
At 31 March 2025 5,560 23,500 29,060
Depreciation
Charge for the year 682 3,767 4,449
At 31 March 2025 682 3,767 4,449
Net book value
At 31 March 2025 4,878 19,733 24,611
5 Debtors 2025 2024
£ £
Trade debtors 10,634 -
Other debtors 1,143 -
11,777 -
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 290 -
Taxation and social security costs 1,737 -
Other creditors 15,061 -
17,088 -
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
S Jackson
Directors loan account - (33,305) 48,366 15,061
- (33,305) 48,366 15,061
8 Controlling party
The company is controlled by its Director.
9 Other information
The Technicolour Project Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 High Street
Stanley
Co Durham
DH9 0DQ
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