REGISTERED NUMBER: 01446179 (England and Wales)

The Colours Group Limited

Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A C Southcott

Mrs L G Waddom-Brown

Dr M R Southcott

SECRETARY:

Mr A C Southcott

REGISTERED OFFICE:

5 Monkswell Park

Manse Lane

Knaresborough

North Yorkshire

HG5 8NQ

REGISTERED NUMBER:

01446179 (England and Wales)

ACCOUNTANTS:

SMH Jolliffe Cork Ltd

Accountants & Business Advisors

33 George Street

Wakefield

West Yorkshire

WF1 1LX

BANKERS:

Lloyds TSB Bank plc

8 - 11 Cambridge Crescent

Harrogate

HG1 1PQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,130

3,797

Investments

6

6

6

3,136

3,803

CURRENT ASSETS

Stocks

931,276

970,838

Debtors

7

54,942

92,844

Cash at bank

294,663

141,822

1,280,881

1,205,504

CREDITORS

Amounts falling due within one year

8

244,053

212,845

NET CURRENT ASSETS

1,036,828

992,659

TOTAL ASSETS LESS CURRENT LIABILITIES

1,039,964

996,462

CAPITAL AND RESERVES

Called up share capital

10

20,000

20,000

Retained earnings

1,019,964

976,462

SHAREHOLDERS' FUNDS

1,039,964

996,462

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2026 and were signed on its behalf by:

Mr A C Southcott - Director

Dr M R Southcott - Director

1.	STATUTORY INFORMATION

The Colours Group 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.

The company's functional and presentation currency is the pound sterling £. All financial information presented has been rounded to the nearest £, unless otherwise stated.

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 historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about The Colours Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

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.

Development costs have been amortised over their useful life of five years.

Tangible fixed assets

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

Patterns

-

10% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost, less any provision for impairment.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Operating lease 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 January 2025

29,680

Disposals

(29,680

)

At 31 December 2025

-

AMORTISATION

At 1 January 2025

29,680

Eliminated on disposal

(29,680

)

At 31 December 2025

-

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

Patterns

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

9,758

64,875

80,819

155,452

Additions

-

-

1,343

1,343

At 31 December 2025

9,758

64,875

82,162

156,795

DEPRECIATION

At 1 January 2025

8,882

63,822

78,951

151,655

Charge for year

117

674

1,219

2,010

At 31 December 2025

8,999

64,496

80,170

153,665

NET BOOK VALUE

At 31 December 2025

759

379

1,992

3,130

At 31 December 2024

876

1,053

1,868

3,797

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

6

NET BOOK VALUE

At 31 December 2025

6

At 31 December 2024

6

The company's shares in group undertakings at the balance sheet date include the following:

Class of shares

Holding

Nature of business

Corporate Colours Limited

Ordinary

100%

Dormant

Sporting Colours Limited

Ordinary

100%

Dormant

School Colours Limited

Ordinary

100%

Dormant

School Colours Direct Limited

Ordinary

100%

Dormant

Company Colours Limited

Ordinary

100%

Dormant

Local Schoolwear Centre Limited

Ordinary

100%

Dormant

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

17,904

43,114

Amounts owed by group undertakings

89

89

VAT

10,958

10,294

Prepayments and accrued income

25,991

39,347

54,942

92,844

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

102,804

97,303

Corporation Tax

58,132

55,622

PAYE and NIC

7,363

5,133

Other creditors

24,582

19,584

Directors' current accounts

16,748

649

Accruals and deferred income

34,424

34,554

244,053

212,845

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

33,750

33,750

Between one and five years

75,938

109,688

109,688

143,438

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

20,000

Ordinary

£1

20,000

20,000

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £92,150 (2024 - £77,798) were paid to the directors .