Acorah Software Products - Accounts Production 16.7.461 false true true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 03902490 Mr Paul Ferguson Mr Sean Edmunds iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03902490 2024-04-30 03902490 2025-04-30 03902490 2024-05-01 2025-04-30 03902490 frs-core:CurrentFinancialInstruments 2025-04-30 03902490 frs-core:Non-currentFinancialInstruments 2025-04-30 03902490 frs-core:ComputerEquipment 2025-04-30 03902490 frs-core:ComputerEquipment 2024-05-01 2025-04-30 03902490 frs-core:ComputerEquipment 2024-04-30 03902490 frs-core:NetGoodwill 2025-04-30 03902490 frs-core:NetGoodwill 2024-05-01 2025-04-30 03902490 frs-core:NetGoodwill 2024-04-30 03902490 frs-core:InvestmentPropertyIncludedWithinPPE 2025-04-30 03902490 frs-core:InvestmentPropertyIncludedWithinPPE 2024-05-01 2025-04-30 03902490 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-30 03902490 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-04-30 03902490 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 03902490 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 03902490 frs-core:MotorVehicles 2025-04-30 03902490 frs-core:MotorVehicles 2024-05-01 2025-04-30 03902490 frs-core:MotorVehicles 2024-04-30 03902490 frs-core:PlantMachinery 2025-04-30 03902490 frs-core:PlantMachinery 2024-05-01 2025-04-30 03902490 frs-core:PlantMachinery 2024-04-30 03902490 frs-core:ShareCapital 2025-04-30 03902490 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 03902490 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 03902490 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 03902490 frs-bus:SmallEntities 2024-05-01 2025-04-30 03902490 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 03902490 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 03902490 frs-bus:Director1 2024-05-01 2025-04-30 03902490 frs-bus:Director2 2024-05-01 2025-04-30 03902490 frs-countries:EnglandWales 2024-05-01 2025-04-30 03902490 2023-04-30 03902490 2024-04-30 03902490 2023-05-01 2024-04-30 03902490 frs-core:CurrentFinancialInstruments 2024-04-30 03902490 frs-core:Non-currentFinancialInstruments 2024-04-30 03902490 frs-core:ShareCapital 2024-04-30 03902490 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 03902490
Colours Decorating Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Swann Accounting Limited
First Floor Offices Rock-A-Nore Road
Hastings
TN34 3DW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03902490
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,774,198 1,794,959
1,774,198 1,794,959
CURRENT ASSETS
Stocks 6 230,000 647,569
Debtors 7 925,073 1,884,891
Cash at bank and in hand 921,494 161,213
2,076,567 2,693,673
Creditors: Amounts Falling Due Within One Year 8 (1,065,849 ) (1,366,930 )
NET CURRENT ASSETS (LIABILITIES) 1,010,718 1,326,743
TOTAL ASSETS LESS CURRENT LIABILITIES 2,784,916 3,121,702
Creditors: Amounts Falling Due After More Than One Year 9 (1,667 ) (11,667 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (14,098 ) (18,042 )
NET ASSETS 2,769,151 3,091,993
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account 2,768,951 3,091,793
SHAREHOLDERS' FUNDS 2,769,151 3,091,993
Page 1
Page 2
For the year ending 30 April 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 directors acknowledge their 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.
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
Mr Paul Ferguson
Director
16/12/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Colours Decorating Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03902490 . The registered office is Office 7 15-20 Gresley Road, St Leonards On Sea, East Sussex, TN38 9PL.
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.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. 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 15% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 33% on cost
2.6. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Page 4
2.8. 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2024: 16)
12 16
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2024 67,500
As at 30 April 2025 67,500
Amortisation
As at 1 May 2024 67,500
As at 30 April 2025 67,500
Net Book Value
As at 30 April 2025 -
As at 1 May 2024 -
5. Tangible Assets
Land & Property
Freehold Investment Properties Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 May 2024 1,700,000 210,000 172,032 185,681
Additions - - - -
As at 30 April 2025 1,700,000 210,000 172,032 185,681
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 May 2024 - 210,000 118,953 148,015
Provided during the period - - 7,962 9,418
As at 30 April 2025 - 210,000 126,915 157,433
Net Book Value
As at 30 April 2025 1,700,000 - 45,117 28,248
As at 1 May 2024 1,700,000 - 53,079 37,666
Computer Equipment Total
£ £
Cost
As at 1 May 2024 25,381 2,293,094
Additions 1,250 1,250
As at 30 April 2025 26,631 2,294,344
Depreciation
As at 1 May 2024 21,167 498,135
Provided during the period 4,631 22,011
As at 30 April 2025 25,798 520,146
Net Book Value
As at 30 April 2025 833 1,774,198
As at 1 May 2024 4,214 1,794,959
6. Stocks
2025 2024
£ £
Materials 30,000 30,000
Work in progress 200,000 617,569
230,000 647,569
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 249,355 923,100
Other debtors 675,718 961,791
925,073 1,884,891
Page 5
Page 6
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 523,669
Bank loans and overdrafts 20,392 97,970
Corporation tax 85,405 50,737
Other taxes and social security 36,727 8,184
VAT 663,224 279,418
Other creditors 253,696 298,356
Accruals and deferred income - 100,000
Directors' loan accounts 6,405 8,596
1,065,849 1,366,930
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,667 11,667
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 200 200
11. Related Party Transactions
At the year end, directors loan accounts existsed and the directors Mr P Ferguson and Mr S Edmunds were owed £5,961 (2024: £8,153) and £443 (2024: £443) respectively. There is no interest charged on these amounts and they are repayable upon demand. 
Page 6