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Company Registration No. 09968751 (England and Wales)
Colourfast Renders Limited Unaudited accounts for the year ended 31 January 2025
Colourfast Renders Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Colourfast Renders Limited Company Information for the year ended 31 January 2025
Director
J Curson
Company Number
09968751 (England and Wales)
Registered Office
Unit 19a Alston Road Hellesdon Park Norwich NR6 5DS
Accountants
Accountancy Plus & Payroll People Ltd 9 Langley Street Langley Norwich Norfolk NR14 6DE
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Colourfast Renders Limited Statement of financial position as at 31 January 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
26,794 
36,765 
Current assets
Inventories
5,000 
5,000 
Debtors
5
8,390 
21,971 
Cash at bank and in hand
81,310 
24,660 
94,700 
51,631 
Creditors: amounts falling due within one year
6
(86,459)
(38,729)
Net current assets
8,241 
12,902 
Net assets
35,035 
49,667 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
35,034 
49,666 
Shareholders' funds
35,035 
49,667 
For the year ending 31 January 2025 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 March 2025 and were signed on its behalf by
J Curson Director Company Registration No. 09968751
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Colourfast Renders Limited Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Colourfast Renders Limited is a private company, limited by shares, registered in England and Wales, registration number 09968751. The registered office is Unit 19a Alston Road, Hellesdon Park, Norwich, NR6 5DS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The Directors have considered the Company's position at the time of signing of the financial statements, and based on this, the Directors have concluded that they have a reasonable expectation the Company will have adequate resources to continue in operation existence for the foreseeable future and there therefore continue to adopt the going concern basis of the accounting in preparing thee financial statements.
Financial instruments
The company only enters into basic financial instrument transactions that result in recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% reducing balance
Motor vehicles
18% reducing balance
Fixtures & fittings
18% reducing balance
Computer equipment
33% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Colourfast Renders Limited Notes to the Accounts for the year ended 31 January 2025
Cash & cash equivalents
The Directors have considered the Company's position at the time of signing of the financial statements, and based on this, the Directors have concluded that they have a reasonable expectation the Company will have adequate resources to continue in operation existence for the foreseeable future and there therefore continue to adopt the going concern basis of the accounting in preparing thee financial statements.
Creditors
Short term creditors are measured at transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transactions costs, and are measure subsequently at amortised cost using the effective interest method.
Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 February 2024
42,953 
51,533 
1,061 
1,916 
97,463 
Additions
583 
- 
- 
- 
583 
At 31 January 2025
43,536 
51,533 
1,061 
1,916 
98,046 
Depreciation
At 1 February 2024
25,814 
32,271 
819 
1,794 
60,698 
Charge for the year
4,285 
5,894 
61 
314 
10,554 
At 31 January 2025
30,099 
38,165 
880 
2,108 
71,252 
Net book value
At 31 January 2025
13,437 
13,368 
181 
(192)
26,794 
At 31 January 2024
17,139 
19,262 
242 
122 
36,765 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
- 
8,544 
Trade debtors
5,994 
10,170 
Other debtors
2,396 
3,257 
8,390 
21,971 
- 6 -
Colourfast Renders Limited Notes to the Accounts for the year ended 31 January 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
3,872 
- 
Trade creditors
32,860 
19,824 
Amounts owed to group undertakings and other participating interests
2,450 
10,350 
Taxes and social security
20,035 
4,205 
Other creditors
25,200 
1,850 
Loans from directors
2,042 
2,500 
86,459 
38,729 
7
Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost share represents contributions payable by the Company the fund and amounted to £2,000 (2023: £333).
8
Transactions with related parties
The company has taken advantage of the exemption in Section 33 of Financial Reporting Standard 102 from the requirement to disclose transactions with wholly owned companies within the group.
9
Controlling party
The ultimate parent undertaking is Colourfast Properties Limited, a company incorporated in the United Kingdom, whose registered office is Unit 19a Alston Road, Hellesdon Park, Norwich, NR6 5DS.
10
Average number of employees
During the year the average number of employees was 4 (2024: 3).
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