REGISTERED NUMBER: 01797348 (England and Wales)

Unaudited Financial Statements

for the Period

26 December 2023 to 31 December 2024

for

Colour Ribbons Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

7,477

7,051

Investments

6

66,930

66,930

74,407

73,981

CURRENT ASSETS

Stocks

327,332

431,816

Debtors

7

75,411

58,725

Cash at bank

166,405

163,838

569,148

654,379

CREDITORS

Amounts falling due within one year

8

392,156

407,737

NET CURRENT ASSETS

176,992

246,642

TOTAL ASSETS LESS CURRENT LIABILITIES

251,399

320,623

CAPITAL AND RESERVES

Called up share capital

9

21,000

21,000

Share premium

10,500

10,500

Capital redemption reserve

31,500

31,500

Retained earnings

188,399

257,623

SHAREHOLDERS' FUNDS

251,399

320,623

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 July 2025 and were signed on its behalf by:

G L Hopps - Director

1.	STATUTORY INFORMATION

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in UK and Republic of Ireland" and 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 have been prepared under the historical cost convention.

The functional and presentational currency of the company is considered to be pounds sterling.

Turnover

Turnover represents the value of goods invoiced and despatched to customers during the year, less returns, exclusive of value added tax.

Intangible assets

Development and software expenditure is written off, except where the directors are satisfied as to the technical, commercial and financial viability of individual projects and assets. In such cases, the identifiable expenditure is capitalised as an intangible asset and amortised over the period during which the company is expected to benefit. The has been assessed as being three years. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at purchase cost together with any incidental expenses of acquisition, net of depreciation and any provision for impairment.

Depreciation is provided on all tangible assets, at rates calculated to write off the cost less estimated residual value of each asset on a straight line basis over its expected useful life.

Plant and machinery etc

2 - 5 years

Residual value represents the estimated amount which would currently be obtained from disposal of an asset after deducting estimated costs of disposal, if the asset were already at an age and in the condition expected at the end of its estimated useful life.

The need for any fixed asset impairment write down is assessed by comparison of the carrying value of the assets against the higher of realisable value and value in use.

The gain or loss arising on the disposal of an asset is determined on the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

Investments in subsidiaries

Investments are stated at cost less provisions to reflect any permanent diminution in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Taxation

Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date and are expected to apply to the reversal of the timing difference.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are recognised in the profit and loss account.

Pension costs

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits

Impairment of assets

Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss as described below.

Non financial assets

An asset is impaired when there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Financial assets

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had the impairment loss not been recognised.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

Software

£

COST

At 26 December 2023

and 31 December 2024

12,339

AMORTISATION

At 26 December 2023

and 31 December 2024

12,339

NET BOOK VALUE

At 31 December 2024

-

At 25 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 26 December 2023

96,884

Additions

6,988

At 31 December 2024

103,872

DEPRECIATION

At 26 December 2023

89,833

Charge for period

6,562

At 31 December 2024

96,395

NET BOOK VALUE

At 31 December 2024

7,477

At 25 December 2023

7,051

6.	FIXED ASSET INVESTMENTS

Shares in

subsidiary

Other

undertakings

investments

Totals

£

£

£

COST

At 26 December 2023

and 31 December 2024

66,930

100

67,030

PROVISIONS

At 26 December 2023

and 31 December 2024

-

100

100

NET BOOK VALUE

At 31 December 2024

66,930

-

66,930

At 25 December 2023

66,930

-

66,930

7.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

31,667

24,121

Amounts owed by group company

14,121

5,186

Other debtors

24,623

24,418

70,411

53,725

Amounts falling due after more than one year:

Other debtors

5,000

5,000

Aggregate amounts

75,411

58,725

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

19,790

28,001

Amounts owed to group undertakings

339,369

349,514

Taxation and social security

24,761

22,421

Other creditors

8,236

7,801

392,156

407,737

The bank has provided a guarantee of £25,000 (2023 - £25,000) in favour of HM Revenue & Customs, secured by a debenture comprising a fixed and floating charge over the assets of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

21,000

Ordinary

£1

21,000

21,000

10.	RELATED PARTY DISCLOSURES

11.	PARENT COMPANY