Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-292024-08-2902023-08-30falseNo description of principal activity0truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09033157 2023-08-30 2024-08-29 09033157 2022-08-31 2023-08-29 09033157 2024-08-29 09033157 2023-08-29 09033157 c:Director2 2023-08-30 2024-08-29 09033157 d:Buildings d:LongLeaseholdAssets 2023-08-30 2024-08-29 09033157 d:Buildings d:LongLeaseholdAssets 2024-08-29 09033157 d:Buildings d:LongLeaseholdAssets 2023-08-29 09033157 d:PlantMachinery 2023-08-30 2024-08-29 09033157 d:PlantMachinery 2024-08-29 09033157 d:PlantMachinery 2023-08-29 09033157 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-30 2024-08-29 09033157 d:OfficeEquipment 2023-08-30 2024-08-29 09033157 d:OfficeEquipment 2024-08-29 09033157 d:OfficeEquipment 2023-08-29 09033157 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-30 2024-08-29 09033157 d:OwnedOrFreeholdAssets 2023-08-30 2024-08-29 09033157 d:CurrentFinancialInstruments 2024-08-29 09033157 d:CurrentFinancialInstruments 2023-08-29 09033157 d:Non-currentFinancialInstruments 2024-08-29 09033157 d:Non-currentFinancialInstruments 2023-08-29 09033157 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-29 09033157 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-29 09033157 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-29 09033157 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-29 09033157 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-29 09033157 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-29 09033157 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-29 09033157 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-29 09033157 d:ShareCapital 2024-08-29 09033157 d:ShareCapital 2023-08-29 09033157 d:RetainedEarningsAccumulatedLosses 2024-08-29 09033157 d:RetainedEarningsAccumulatedLosses 2023-08-29 09033157 c:OrdinaryShareClass1 2023-08-30 2024-08-29 09033157 c:OrdinaryShareClass1 2024-08-29 09033157 c:OrdinaryShareClass1 2023-08-29 09033157 c:FRS102 2023-08-30 2024-08-29 09033157 c:AuditExempt-NoAccountantsReport 2023-08-30 2024-08-29 09033157 c:FullAccounts 2023-08-30 2024-08-29 09033157 c:PrivateLimitedCompanyLtd 2023-08-30 2024-08-29 09033157 2 2023-08-30 2024-08-29 09033157 e:PoundSterling 2023-08-30 2024-08-29 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 09033157










PRECOLOR LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 AUGUST 2024

 
PRECOLOR LIMITED
REGISTERED NUMBER: 09033157

BALANCE SHEET
AS AT 29 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
32,829
34,605

  
32,829
34,605

Current assets
  

Debtors: amounts falling due within one year
 5 
433,982
346,633

Cash at bank and in hand
 6 
103,038
3,611

  
537,020
350,244

Creditors: amounts falling due within one year
 7 
(552,721)
(360,126)

Net current liabilities
  
 
 
(15,701)
 
 
(9,882)

Total assets less current liabilities
  
17,128
24,723

Creditors: amounts falling due after more than one year
 8 
(7,500)
(17,500)

Provisions for liabilities
  

Deferred tax
  
(1,332)
(1,777)

  
 
 
(1,332)
 
 
(1,777)

Net assets
  
8,296
5,446


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
8,196
5,346

  
8,296
5,446


Page 1

 
PRECOLOR LIMITED
REGISTERED NUMBER: 09033157
    
BALANCE SHEET (CONTINUED)
AS AT 29 AUGUST 2024

The directors consider 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 directors acknowledge their 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 profit and loss account 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 by: 




Mrs S Barker
Director

Date: 25 August 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
PRECOLOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 AUGUST 2024

1.


General information

Precolor Limited, is a private limited company limited by shares, incorporated in England and Wales with its registered office and principal place of business at Newport Road, Market Drayton, Shropshire, TF9 2AA.

2.Accounting policies

 
2.1

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 following principal accounting policies have been applied:

 
2.2

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.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

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

Page 3

 
PRECOLOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 AUGUST 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Borrowing costs

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

 
2.6

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 balance sheet 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 balance sheet 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 balance sheet date.


 
2.7

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

 
PRECOLOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 AUGUST 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Land and buildings
-
not depreciated
Plant and machinery
-
25%
straight line
Office equipment
-
25%
straight line

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Page 5

 
PRECOLOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 AUGUST 2024

3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL)

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Office equipment
Total

£
£
£
£



Cost or valuation


At 30 August 2023
27,500
12,583
786
40,869



At 29 August 2024

27,500
12,583
786
40,869



Depreciation


At 30 August 2023
-
5,477
787
6,264


Charge for the year on owned assets
-
1,777
(1)
1,776



At 29 August 2024

-
7,254
786
8,040



Net book value



At 29 August 2024
27,500
5,329
-
32,829



At 29 August 2023
27,500
7,106
(1)
34,605

Page 6

 
PRECOLOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 AUGUST 2024

5.


Debtors

2024
2023
£
£


Trade debtors
127,786
108,005

Other debtors
298,100
238,628

Prepayments and accrued income
8,096
-

433,982
346,633



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
103,038
3,611

103,038
3,611



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
148,318
19,739

Taxation and social security
230,319
184,526

Other creditors
157,499
143,236

Accruals and deferred income
6,585
2,625

552,721
360,126



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
7,500
17,500

7,500
17,500


Page 7

 
PRECOLOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 AUGUST 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
7,500
10,000


7,500
10,000

Amounts falling due 2-5 years

Bank loans
-
7,500


-
7,500


17,500
27,500



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares shares of £1.00 each
100
100


 
Page 8