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REGISTERED NUMBER: 11085521 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Colorbible Limited

Colorbible Limited (Registered number: 11085521)

Contents of the Financial Statements
for the Year Ended 30 November 2024










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Colorbible Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: P Doyle





REGISTERED OFFICE: St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN





REGISTERED NUMBER: 11085521 (England and Wales)





ACCOUNTANTS: Clay GBP Ltd
St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN

Colorbible Limited (Registered number: 11085521)

Abridged Statement of Financial Position
30 November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 3 - 10,566
Investments 4 - 243,417
- 253,983

CURRENT ASSETS
Investments 263,682 -
Cash at bank 1,700 1,763
265,382 1,763
CREDITORS
Amounts falling due within one year 158,158 154,782
NET CURRENT ASSETS/(LIABILITIES) 107,224 (153,019 )
TOTAL ASSETS LESS CURRENT LIABILITIES 107,224 100,964

PROVISIONS FOR LIABILITIES 15,427 9,798
NET ASSETS 91,797 91,166

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 91,697 91,066
SHAREHOLDERS' FUNDS 91,797 91,166

Colorbible Limited (Registered number: 11085521)

Abridged Statement of Financial Position - continued
30 November 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2025 and were signed by:





P Doyle - Director


Colorbible Limited (Registered number: 11085521)

Notes to the Financial Statements
for the Year Ended 30 November 2024


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have been prepared on the break up basis as the company ceased trading after the balance sheet date.

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

Office Equipment - 25% Reducing Balance

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of a company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as an interest expense in the income statement.

Financial assets and liabilities

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs).

Trade debtors

Trade debtors are recognised initially at transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivable.

Trade creditors

Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as amounts falling due after more than one year.

Equity instruments

Equity instruments are measured at the fair value of the cash or other resources transferred or transferrable, net of the direct costs of issuing or receiving the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.


Colorbible Limited (Registered number: 11085521)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


1. 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.

Investments
Current asset investments are stated at market value.

Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, sales returns, rebates and discounts.

Revenue is recognised on the provision of services. Where not all services have been rendered, revenue is recognised based upon the period lapsed compared with total period of the project.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2023 50,561
Reclassification/transfer (50,561 )
At 30 November 2024 -
DEPRECIATION
At 1 December 2023 39,995
Charge for year 10,566
Reclassification/transfer (50,561 )
At 30 November 2024 -
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 10,566

Colorbible Limited (Registered number: 11085521)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 December 2023 243,417
Additions 19,128
Disposals (18,661 )
Fair value movement 19,798
Reclassification/transfer (263,682 )
At 30 November 2024 -
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 243,417

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100