Acorah Software Products - Accounts Production 16.8.200 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 04887010 Mr Andrew Dowling Mr Giles Miskin Ms Kristina Scoble true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04887010 2024-03-31 04887010 2025-03-31 04887010 2024-04-01 2025-03-31 04887010 frs-core:Non-currentFinancialInstruments 2025-03-31 04887010 frs-core:BetweenOneFiveYears 2025-03-31 04887010 frs-core:ComputerEquipment 2024-04-01 2025-03-31 04887010 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 04887010 frs-core:FurnitureFittings 2024-04-01 2025-03-31 04887010 frs-core:MotorVehicles 2024-04-01 2025-03-31 04887010 frs-core:PlantMachinery 2024-04-01 2025-03-31 04887010 frs-core:WithinOneYear 2025-03-31 04887010 frs-core:CapitalRedemptionReserve 2025-03-31 04887010 frs-core:ShareCapital 2025-03-31 04887010 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04887010 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04887010 frs-bus:AbridgedAccounts 2024-04-01 2025-03-31 04887010 frs-bus:SmallEntities 2024-04-01 2025-03-31 04887010 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04887010 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04887010 1 2024-04-01 2025-03-31 04887010 frs-bus:Director1 2024-04-01 2025-03-31 04887010 frs-bus:Director2 2024-04-01 2025-03-31 04887010 frs-bus:Director3 2024-04-01 2025-03-31 04887010 frs-countries:EnglandWales 2024-04-01 2025-03-31 04887010 2023-03-31 04887010 2024-03-31 04887010 2023-04-01 2024-03-31 04887010 frs-core:Non-currentFinancialInstruments 2024-03-31 04887010 frs-core:BetweenOneFiveYears 2024-03-31 04887010 frs-core:WithinOneYear 2024-03-31 04887010 frs-core:CapitalRedemptionReserve 2024-03-31 04887010 frs-core:ShareCapital 2024-03-31 04887010 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 04887010
The Colour Works International Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
A Team Finance Ltd
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 04887010
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 960 1,433
Tangible Assets 5 52,306 28,022
53,266 29,455
CURRENT ASSETS
Stocks 255,301 86,293
Debtors 246,301 292,236
Cash at bank and in hand 385,078 401,090
886,680 779,619
Creditors: Amounts Falling Due Within One Year (487,632 ) (420,866 )
NET CURRENT ASSETS (LIABILITIES) 399,048 358,753
TOTAL ASSETS LESS CURRENT LIABILITIES 452,314 388,208
Creditors: Amounts Falling Due After More Than One Year (32,836 ) (23,554 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,067 ) (6,775 )
NET ASSETS 407,411 357,879
CAPITAL AND RESERVES
Called up share capital 7 240 240
Capital redemption reserve 238 238
Profit and Loss Account 406,933 357,401
SHAREHOLDERS' FUNDS 407,411 357,879
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For the year ending 31 March 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Andrew Dowling
Director
23/12/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
The Colour Works International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04887010 . The registered office is Unit 4 Manor Farm Business Centre, Gussage St. Michael, Wimborne, BH21 5HT.
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. 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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets comprise the Company's website It is amortised to the Profit and Loss Account at 33% per year on a reducing balance basis.
2.4. 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 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. 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.
2.7. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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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: 8 (2024: 8)
8 8
4. Intangible Assets
Total
£
Cost
As at 1 April 2024 15,840
As at 31 March 2025 15,840
Amortisation
As at 1 April 2024 14,407
Provided during the period 473
As at 31 March 2025 14,880
Net Book Value
As at 31 March 2025 960
As at 1 April 2024 1,433
5. Tangible Assets
Total
£
Cost
As at 1 April 2024 60,457
Additions 49,607
Disposals (38,367 )
As at 31 March 2025 71,697
...CONTINUED
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Depreciation
As at 1 April 2024 32,435
Provided during the period 9,154
Disposals (22,198 )
As at 31 March 2025 19,391
Net Book Value
As at 31 March 2025 52,306
As at 1 April 2024 28,022
6. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,770 6,556
Later than one year and not later than five years 32,836 23,554
41,606 30,110
41,606 30,110
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 240 240
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 27 1,305
Later than one year and not later than five years 21,330 43,436
21,357 44,741
The 2024 operating lease commitments included the lease on an office which was transferred to another company, The CEO Works Ltd, in June 2024. This is no longer shown as a commitment of The Colour Works International Ltd at 31st March 2025.  This transaction is shown under related party transactions. 
9. Related Party Transactions
The CEO Works Ltd is a related party of The Colour Works International Ltd.  Mr Andrew Dowling is a shareholder of both The Colour Works International Group Ltd, which is the ultimate controlling party of The Colour Works International Ltd, and The CEO Works Ltd. 
The lease on an office space was transferred to The CEO Works Ltd in June 2024.  The CEO Works Ltd has taken over the operating lease commitment for this property.  The lease rentals on this property are £5,613 per year until November 2026.
During the year, The Colour Works International Ltd paid £5,970 to The CEO Works Ltd for workshops and events.  
There were no outstanding balances with The CEO Works Ltd at 31 March 2025.
10. Ultimate Controlling Party
The company's immediate and ultimate parent undertaking is The Colour Works International Group Ltd.  The Colour Works International Group Ltd is incorporated in England & Wales and controls 100% of the shares of The Colour Works International Ltd. 
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