Company registration number: 10801507
Unaudited financial statements
for the year ended 31 March 2025
for
Colours Building Ltd
Pages for filing with the Registrar
Company registration number: 10801507
Colours Building Ltd
Balance sheet
as at 31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 68,139 53,367
68,139 53,367
Current assets
Debtors 721,884 271,101
Cash at bank and in hand 861,164 461,839
1,583,048 732,940
Creditors: amounts falling due within one
year 		(884,342) (374,076)
Net current assets 698,706 358,864
Total assets less current liabilities 766,845 412,231
NET ASSETS 766,845 412,231
Capital and reserves
Called up share capital 23 23
Profit and loss account 766,822 412,208
TOTAL EQUITY 766,845 412,231
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 10801507
Colours Building Ltd
Balance sheet - continued
as at 31 March 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 22 December 2025 and signed on its behalf by:
Mr D Olivant, Director
22 December 2025
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Colours Building Ltd
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
Colours Building Ltd is a private company registered in England and Wales. Its registered number is 10801507. The company is limited by shares. Its registered office is Unit 5, Diamond Workshops Lewes Road, Blackboys, Uckfield, TN22 5JH.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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 the shorter.
Plant and machinery etc.:
Plant and machinery - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% straight line
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
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Colours Building Ltd
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 4 (2024 - 4).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 April 2024 136,668
Additions 35,685
At 31 March 2025 172,353
Depreciation
At 1 April 2024 83,301
Charge for year 20,913
At 31 March 2025 104,214
Net book value
At 31 March 2025 68,139
At 31 March 2024 53,367
5 Related party transactions
As at the balance sheet date, the company was owed £277,210 by the director (2024: £173,066 owed by the company). This loan is repaid shortly after the year end.
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