REGISTERED NUMBER: 03176153 (England and Wales)

Colour Tone Masterbatch Limited

Financial Statements for the Year Ended 31st December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Atterby

A Gaukroger

REGISTERED OFFICE:

Belvoir Way

Fairfield Industrial Estate

Louth

Lincolnshire

LN11 0LQ

REGISTERED NUMBER:

03176153 (England and Wales)

AUDITORS:

Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Intangible assets

4

51,898

53,362

Tangible assets

5

497,194

443,809

549,092

497,171

CURRENT ASSETS

Stocks

854,561

859,283

Debtors

6

735,039

891,336

Cash at bank and in hand

537,274

634,460

2,126,874

2,385,079

CREDITORS

Amounts falling due within one year

7

522,536

571,562

NET CURRENT ASSETS

1,604,338

1,813,517

TOTAL ASSETS LESS CURRENT LIABILITIES

2,153,430

2,310,688

CREDITORS

Amounts falling due after more than one year

8

-

(3,773

)

PROVISIONS FOR LIABILITIES

(109,183

)

(90,954

)

NET ASSETS

2,044,247

2,215,961

CAPITAL AND RESERVES

Called up share capital

10

40,000

40,000

Retained earnings

2,004,247

2,175,961

SHAREHOLDERS' FUNDS

2,044,247

2,215,961

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 1st December 2025 and were signed on its behalf by:

P Atterby - Director

1.	STATUTORY INFORMATION

Colour Tone Masterbatch Limited is a private company, limited by shares , registered in England and Wales. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised over the life of the asset.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is shorter.

Improvements to property

- No depreciation has been charged on improvements to property as the yearly programme of maintenance is such that any depreciation charge would be immaterial

Plant and machinery

- 20% on reducing balance

Motor vehicles

- 25% on reducing balance

Computer equipment

- 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 34 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st January 2024

69,104

Additions

2,537

At 31st December 2024

71,641

AMORTISATION

At 1st January 2024

15,742

Charge for year

4,001

At 31st December 2024

19,743

NET BOOK VALUE

At 31st December 2024

51,898

At 31st December 2023

53,362

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st January 2024

50,739

2,098,653

74,533

89,472

2,313,397

Additions

-

147,735

-

1,312

149,047

Disposals

-

(3,500

)

(49,307

)

-

(52,807

)

At 31st December 2024

50,739

2,242,888

25,226

90,784

2,409,637

DEPRECIATION

At 1st January 2024

-

1,750,836

58,230

60,522

1,869,588

Charge for year

-

79,341

3,103

4,526

86,970

Eliminated on disposal

-

(3,394

)

(40,721

)

-

(44,115

)

At 31st December 2024

-

1,826,783

20,612

65,048

1,912,443

NET BOOK VALUE

At 31st December 2024

50,739

416,105

4,614

25,736

497,194

At 31st December 2023

50,739

347,817

16,303

28,950

443,809

The net book value of tangible fixed assets includes £20,940 (2023 £83,546) in respect of assets held under hire purchase contracts.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

479,928

524,582

Amounts owed by group undertakings

183,999

317,935

Other debtors

71,112

48,819

735,039

891,336

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 9)

3,773

10,147

Trade creditors

402,864

420,297

Social security and other taxes

48,189

79,143

Other creditors

67,710

61,975

522,536

571,562

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 9)

-

3,773

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

3,773

10,147

Between one and five years

-

3,773

3,773

13,920

The total minimum lease payments that fall due in respect of non-cancellable operating leases are £136,828 (2023 £22,008).

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

40,000

Ordinary

£1

40,000

40,000

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

William Cowell FCA (Senior Statutory Auditor)

for and on behalf of Smailes Goldie

12.	ULTIMATE CONTROLLING PARTY

The parent company for which group financial statements are drawn up and of which the company is a member is Luxus Limited, registered in England and Wales. Luxus Limited is also the company's ultimate parent undertaking and its registered office is Belvoir Way, Fairfield Industrial Estate, Louth, Lincolnshire, LN11 0LQ. Copies of Luxus Limited's financial statements can be obtained from Companies House.