Company registration number 04564837 (England and Wales)
COLOURCO LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
COLOURCO LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
COLOURCO LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
254,338
306,825
Current assets
Stocks
4
25,672
24,112
Debtors
5
204,953
378,248
Cash at bank and in hand
8,524
9,322
239,149
411,682
Creditors: amounts falling due within one year
6
(284,193)
(395,242)
Net current (liabilities)/assets
(45,044)
16,440
Total assets less current liabilities
209,294
323,265
Creditors: amounts falling due after more than one year
7
(133,207)
(198,849)
Net assets
76,087
124,416
Capital and reserves
Called up share capital
400
400
Share premium account
21,400
21,400
Profit and loss reserves
54,287
102,616
Total equity
76,087
124,416
COLOURCO LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 13 August 2025 and are signed on its behalf by:
A Dixon
Director
Company registration number 04564837 (England and Wales)
Colourco Limited
COLOURCO LIMITED
Notes to the financial statements
for the year ended 31 December 2024
- 3 -
1
Accounting policies
Company information

Colourco Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 3, Holmfield Industrial Estate, Holmfield, Halifax, West Yorkshire, HX2 9TN.

Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised upon the provision of goods and services.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and machinery
10% reducing balance per annum
Computer equipment
3 year straight line
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Colourco Limited
COLOURCO LIMITED
Notes to the financial statements (CONTINUED)
for the year ended 31 December 2024
1
Accounting policies
(Continued)
- 4 -
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the income statement on s straight line basis over the period of the lease.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
9
10
3
Tangible fixed assets
Plant and machinery
Computer equipment
Total
£
£
£
Cost
At 1 January 2024 and 31 December 2024
634,435
4,498
638,933
Depreciation and impairment
At 1 January 2024
330,078
2,030
332,108
Depreciation charged in the year
50,988
1,499
52,487
At 31 December 2024
381,066
3,529
384,595
Carrying amount
At 31 December 2024
253,369
969
254,338
At 31 December 2023
304,357
2,468
306,825
4
Stocks
2024
2023
£
£
Stocks
25,672
24,112
Colourco Limited
COLOURCO LIMITED
Notes to the financial statements (CONTINUED)
for the year ended 31 December 2024
- 5 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
178,991
339,805
Amounts owed by group undertakings
-
0
16,667
Prepayments and accrued income
14,462
10,276
193,453
366,748
2024
2023
Amounts falling due after more than one year:
£
£
Other debtors
11,500
11,500
Total debtors
204,953
378,248
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loan and overdrafts
37,300
28,073
Obligations under finance leases
55,643
55,643
Trade creditors
108,182
263,356
Corporation tax
2,906
-
0
Other taxation and social security
77,745
46,057
Other creditors
1,217
913
Accruals and deferred income
1,200
1,200
284,193
395,242

The bank loan and obligations under hire purchase contracts are secured.

7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loan and overdrafts
4,167
14,167
Obligations under hire purchases
129,040
184,682
133,207
198,849

The bank loan and obligations under hire purchase contracts are secured.

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