Company No: 08399968 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	2,228,529		1,812,712
Investments	4	4		481,088
		2,228,533		2,293,800
Current assets
Stocks		133,471		128,593
Debtors	5	948,570		213,492
Cash at bank and in hand		348,721		600,835
		1,430,762		942,920
Creditors: amounts falling due within one year	6	( 568,068)		( 437,712)
Net current assets		862,694		505,208
Total assets less current liabilities		3,091,227		2,799,008
Creditors: amounts falling due after more than one year	7	( 110,454)		( 11,712)
Provision for liabilities		( 9,188)		( 14,559)
Net assets		2,971,585		2,772,737
Capital and reserves
Called-up share capital	8	1		1
Profit and loss account		2,971,584		2,772,736
Total shareholders' funds		2,971,585		2,772,737

For the financial 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.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Colour Distribution Limited (registered number: 08399968) were approved and authorised for issue by the Director on 08 January 2026. They were signed on its behalf by:

Mr J M Taylor Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Colour Distribution Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Prince Albert House Quimperle Way, Liskeard Business Park, Liskeard, PL14 3US, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Vehicles	5 years straight line
Fixtures and fittings	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	3		0

3. Tangible assets

	Land and buildings		Vehicles		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 May 2024	1,867,932		12,792		38,876		1,919,600
Additions	335,180		142,307		0		477,487
Disposals	0		( 12,792)		0		( 12,792)
At 30 April 2025	2,203,112		142,307		38,876		2,384,295
Accumulated depreciation
At 01 May 2024	62,799		12,792		31,297		106,888
Charge for the financial year	35,584		23,718		2,368		61,670
Disposals	0		( 12,792)		0		( 12,792)
At 30 April 2025	98,383		23,718		33,665		155,766
Net book value
At 30 April 2025	2,104,729		118,589		5,211		2,228,529
At 30 April 2024	1,805,133		0		7,579		1,812,712

4. Fixed asset investments

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 May 2024	481,088		481,088
Disposals	( 481,084)		( 481,084)
At 30 April 2025	4		4
Carrying value at 30 April 2025	4		4
Carrying value at 30 April 2024	481,088		481,088

5. Debtors

	2025		2024
	£		£
Trade debtors	67,134		98,489
Amounts owed by director	34,166		3,926
Prepayments	0		1,913
Other debtors	847,270		109,164
	948,570		213,492

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	10,000		10,000
Trade creditors	277,661		236,295
Accruals	129,921		2,500
Taxation and social security	135,638		188,011
Obligations under finance leases and hire purchase contracts (secured)	12,793		0
Other creditors	2,055		906
	568,068		437,712

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	1,667		11,712
Obligations under finance leases and hire purchase contracts (secured)	108,787		0
	110,454		11,712

The hire purchase is secured against the asset in which it relates too.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
96 Ordinary shares of £ 0.01 each	0.96		0.96
2 Ordinary A shares of £ 0.01 each	0.02		0.02
2 Ordinary B shares of £ 0.01 each	0.02		0.02
	1.00		1.00

9. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
As at 1 May	3,926		23,409
Advances to director	34,875		16,191
Repayments by director	(4,635)		(35,675)
	0		0
As at 30 April	34,166		3,926
	0		0
	0		0

Interest of 2.25% is charged on the above director's loan account.