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Company registration number: 07464861
Chameleon Colour Contractors Limited
Unaudited filleted financial statements
31 December 2024
Chameleon Colour Contractors Limited
Contents
Statement of financial position
Notes to the financial statements
Chameleon Colour Contractors Limited
Statement of financial position
31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 7,795 13,335
_______ _______
7,795 13,335
Current assets
Debtors 6 15,803 15,862
Cash at bank and in hand 71,230 53,672
_______ _______
87,033 69,534
Creditors: amounts falling due
within one year 7 ( 19,412) ( 21,791)
_______ _______
Net current assets 67,621 47,743
_______ _______
Total assets less current liabilities 75,416 61,078
Creditors: amounts falling due
after more than one year 8 - ( 3,000)
Provisions for liabilities ( 1,481) ( 2,534)
_______ _______
Net assets 73,935 55,544
_______ _______
Capital and reserves
Called up share capital 50 50
Profit and loss account 73,885 55,494
_______ _______
Shareholder funds 73,935 55,544
_______ _______
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The member has 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 Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 05 September 2025 , and are signed on behalf of the board by:
Barry Manchee
Director
Company registration number: 07464861
Chameleon Colour Contractors Limited
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Cornhouse Buildings, Claydons Lane, Rayleigh, Essex, SS6 7UP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % straight line
Fittings fixtures and equipment - 25 % straight line
Motor vehicles - 25 % straight line
Computer equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Plant and machinery Motor vehicles Computer equipment Total
£ £ £ £
Cost
At 1 January 2024 677 25,995 1,674 28,346
Additions 1,279 - - 1,279
_______ _______ _______ _______
At 31 December 2024 1,956 25,995 1,674 29,625
_______ _______ _______ _______
Depreciation
At 1 January 2024 377 12,998 1,636 15,011
Charge for the year 301 6,499 19 6,819
_______ _______ _______ _______
At 31 December 2024 678 19,497 1,655 21,830
_______ _______ _______ _______
Carrying amount
At 31 December 2024 1,278 6,498 19 7,795
_______ _______ _______ _______
At 31 December 2023 300 12,997 38 13,335
_______ _______ _______ _______
6. Debtors
2024 2023
£ £
Other debtors 15,803 15,862
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 3,000 4,000
Trade creditors 754 1,724
Corporation tax 11,751 13,904
Social security and other taxes 1,956 134
Other creditors 1,951 2,029
_______ _______
19,412 21,791
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts - 3,000
_______ _______
9. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Barry Manchee ( 32) ( 16,312) 16,084 ( 260)
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Barry Manchee ( 368) ( 20,812) 21,148 ( 32)
_______ _______ _______ _______