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Registered number: 09426306
Color4Care UK Ltd
Financial Statements
For The Year Ended 31 December 2024
Accountum Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 09426306
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 - 4,953
Cash at bank and in hand 17,058 11,371
17,058 16,324
Creditors: Amounts Falling Due Within One Year 6 (167,581 ) (152,281 )
NET CURRENT ASSETS (LIABILITIES) (150,523 ) (135,957 )
TOTAL ASSETS LESS CURRENT LIABILITIES (150,523 ) (135,957 )
NET LIABILITIES (150,523 ) (135,957 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (150,524 ) (135,958 )
SHAREHOLDERS' FUNDS (150,523) (135,957)
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Annika Margareta Nyberg Martensson
Director
01/09/2025
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Color4Care UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09426306 . The registered office is Sweden house, 5 Upper Montagu Street, London, United Kingdom, W1H 2AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
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 £.
2.2. Going Concern Disclosure
The trade of the company ceased during 2021 and management are currently considering plans to restart activity. The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to meet its liabilities as they fall due. The parent company has guaranteed financial support for at least the 12 months following the signing of these financial statements.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33.33% straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.7. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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2.8. Cash and cash equivalents
Caah and cash equivalents are basic financial assets and include cash in hand, depostis held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.9.    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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 16,643
As at 31 December 2024 16,643
Depreciation
As at 1 January 2024 16,643
As at 31 December 2024 16,643
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 4,953
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 5,000 4,250
Amounts owed to group undertakings 162,581 148,031
167,581 152,281
The amount owed to group undertakings carries interest at 3% per annum, and the movement in loan balance represents the only related party transactions in the year.
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Post Balance Sheet Events
There have been no significant events between the year end and the date of approval of these financial statements which would require a change to, or disclosure in, the financial statements.
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9. Ultimate Controlling Party
The company's immediate parent undertaking is Color4Care Europe AB, and the ultimate parent undertaking is Storskogen Group AB. Both companies are incorporated in Sweden. The smallest group of companies which contain Color4Care UK Ltd in its consolidated financial statements are those headed by Storskogen Group AB, whose registered office is at Hovslagargatan 3, 111 48, Stockholm, Sweden.
10. Audit Information
The auditor's report on the accounts of Color4Care UK Ltd for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Jamie Seaford (Senior Statutory Auditor) for and on behalf of Moore Kingston Smith LLP , Statutory Auditor.
Moore Kingston Smith LLP
6th Floor
9 Appold Street
London
EC2A 2AP
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