REGISTERED NUMBER: 02578872 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Gavin Martin Colournet Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Arnall

G Bird

M Cameron

REGISTERED OFFICE:

Regency House

33 Wood Street

Barnet

London

EN5 4BE

REGISTERED NUMBER:

02578872 (England and Wales)

ACCOUNTANTS:

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

FIXED ASSETS

Intangible assets

5

187

562

Tangible assets

6

287,854

164,586

288,041

165,148

CURRENT ASSETS

Stocks

70,000

209,375

Debtors

7

1,009,357

891,532

Cash at bank

(374,569

)

(292,916

)

704,788

807,991

CREDITORS

Amounts falling due within one year

8

878,301

958,467

NET CURRENT LIABILITIES

(173,513

)

(150,476

)

TOTAL ASSETS LESS CURRENT LIABILITIES

114,528

14,672

CREDITORS

Amounts falling due after more than one year

9

(165,884

)

(227,279

)

PROVISIONS FOR LIABILITIES

(54,701

)

(30,153

)

NET LIABILITIES

(106,057

)

(242,760

)

CAPITAL AND RESERVES

Called up share capital

243

243

Share premium

2,880

2,880

Capital redemption reserve

80

80

Retained earnings

(109,260

)

(245,963

)

SHAREHOLDERS' FUNDS

(106,057

)

(242,760

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

M Cameron - Director

1.	STATUTORY INFORMATION

Gavin Martin Colournet 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continuing support of the company's directors and shareholders. If the company were unable to continue in existence for the foreseeable future, adjustments would be necessary to reduce the balance sheet values of assets to their recoverable amounts and to reclassify fixed assets as current assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the service has been provided and the finished product delivered to the customer.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

25% Reducing balance basis

Fixtures and fittings

-

15% reducing balance method

Motor vehicles

-

25% Reducing balance basis

Computer equipment

-

25% Reducing balance basis

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

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

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 15 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

13,500

AMORTISATION

At 1 April 2024

12,938

Charge for year

375

At 31 March 2025

13,313

NET BOOK VALUE

At 31 March 2025

187

At 31 March 2024

562

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

36,868

53,522

224,154

Additions

-

220,226

-

At 31 March 2025

36,868

273,748

224,154

DEPRECIATION

At 1 April 2024

10,599

26,192

153,228

Charge for year

9,217

61,837

10,639

At 31 March 2025

19,816

88,029

163,867

NET BOOK VALUE

At 31 March 2025

17,052

185,719

60,287

At 31 March 2024

26,269

27,330

70,926

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

51,258

59,352

425,154

Additions

-

1,067

221,293

At 31 March 2025

51,258

60,419

646,447

DEPRECIATION

At 1 April 2024

28,138

42,411

260,568

Charge for year

11,929

4,403

98,025

At 31 March 2025

40,067

46,814

358,593

NET BOOK VALUE

At 31 March 2025

11,191

13,605

287,854

At 31 March 2024

23,120

16,941

164,586

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

600,350

456,408

Other debtors

409,007

435,124

1,009,357

891,532

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

176,428

207,140

Hire purchase contracts

82,924

15,813

Trade creditors

561,097

679,867

Taxation and social security

40,562

29,988

Other creditors

17,290

25,659

878,301

958,467

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

28,467

177,467

Hire purchase contracts

137,417

46,258

Other creditors

-

3,554

165,884

227,279

10.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/3/24

£

£

Bank loans

199,526

367,290

Hire purchase contracts

220,341

62,071

419,867

429,361

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31/3/25

31/3/24

£

£

G Bird

Balance outstanding at start of year

(107,898

)

(122,698

)

Amounts repaid

2,250

14,800

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(105,648

)

(107,898

)

M Cameron

Balance outstanding at start of year

(102,064

)

(116,864

)

Amounts repaid

5,510

14,800

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(96,554

)

(102,064

)

S Arnall

Balance outstanding at start of year

(96,544

)

(117,710

)

Amounts repaid

8,462

21,166

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(88,082

)

(96,544

)

12.	ULTIMATE CONTROLLING PARTY