REGISTERED NUMBER: SC486839 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

COLT DESIGN LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A E Chappell

J Sweeney

REGISTERED OFFICE:

6th Floor

Gordon Chambers

90 Mitchell Street

Glasgolw

G1 3NQ

REGISTERED NUMBER:

SC486839 (Scotland)

ACCOUNTANTS:

BK Plus Ltd

6th Floor

Gordon Chambers

90 Mitchell Street

Glasgow

Lanarkshire

G1 3NQ

FIXED ASSETS

Tangible assets

4

414

834

CURRENT ASSETS

Debtors

5

77,126

39,177

Cash at bank and in hand

77,764

39,235

154,890

78,412

CREDITORS

Amounts falling due within one year

6

55,481

44,866

NET CURRENT ASSETS

99,409

33,546

TOTAL ASSETS LESS CURRENT LIABILITIES

99,823

34,380

PROVISIONS FOR LIABILITIES

104

238

NET ASSETS

99,719

34,142

CAPITAL AND RESERVES

Called up share capital

104

104

Retained earnings

99,615

34,038

SHAREHOLDERS' FUNDS

99,719

34,142

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

The members have not required the company to obtain an audit of its financial statements for the year 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

J Sweeney - Director

1.	STATUTORY INFORMATION

Colt Design Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the amounts derived from the provision of goods and services which fall within the company's ordinary activities and is stated net of Value Added Tax. Revenue is recognised on despatch of goods and provision of services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on a straight line basis

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

7,400

DEPRECIATION

At 1 January 2024

6,566

Charge for year

420

At 31 December 2024

6,986

NET BOOK VALUE

At 31 December 2024

414

At 31 December 2023

834

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

70,673

32,724

Other debtors

6,453

6,453

77,126

39,177

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

9,413

6,114

Taxation and social security

26,854

6,441

Other creditors

19,214

32,311

55,481

44,866

7.	RELATED PARTY DISCLOSURES

The controlling party is Colt Creative Designs Limited.

A company registered in Scotland.