REGISTERED NUMBER: 06655154 (England and Wales)

COLOUR CALENDARS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

Accountants' Report

8

DIRECTORS:

Mrs V Savva-Titley

S P Savva-Titley

REGISTERED OFFICE:

Unit 1 Aller Vale Ind Est

Moor Park Road

Kingskerswell

Newton Abbot

Devon

TQ12 5AZ

REGISTERED NUMBER:

06655154 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

18 Northgate

Sleaford

Lincolnshire

NG34 7BJ

FIXED ASSETS

Intangible assets

4

20,000

27,500

Tangible assets

5

365,632

410,263

385,632

437,763

CURRENT ASSETS

Stocks

59,864

68,780

Debtors

6

152,774

147,267

Cash at bank

37,438

167,836

250,076

383,883

CREDITORS

Amounts falling due within one year

7

135,473

193,539

NET CURRENT ASSETS

114,603

190,344

TOTAL ASSETS LESS CURRENT LIABILITIES

500,235

628,107

CREDITORS

Amounts falling due after more than one year

8

(116,000

)

(132,414

)

PROVISIONS FOR LIABILITIES

(91,408

)

(102,566

)

NET ASSETS

292,827

393,127

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

292,727

393,027

SHAREHOLDERS' FUNDS

292,827

393,127

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 Statement of Income and Retained Earnings has not been delivered.

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

S P Savva-Titley - Director

1.	STATUTORY INFORMATION

Colour Calendars Ltd 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

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

-

50% on cost, 33% on cost, 25% on cost, 20% on cost and 10% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Where tangible fixed assets have been found to have been over depreciated a prior year adjustment has been made to represent their remaining useful life, with depreciation going forward to follow the rates as set out above.

Stocks

Stocks are stated at the lower of cost and fair value less costs to complete and sell after making due allowance for slow moving and obsolete items.

Financial instruments

The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

150,000

AMORTISATION

At 1 January 2025

122,500

Charge for year

7,500

At 31 December 2025

130,000

NET BOOK VALUE

At 31 December 2025

20,000

At 31 December 2024

27,500

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

1,304,458

Additions

1,683

At 31 December 2025

1,306,141

DEPRECIATION

At 1 January 2025

894,195

Charge for year

46,314

At 31 December 2025

940,509

NET BOOK VALUE

At 31 December 2025

365,632

At 31 December 2024

410,263

The net book value of tangible fixed assets includes £ 216,389 (2024 - £ 244,792 ) in respect of assets held under hire purchase contracts.

6.

DEBTORS

2025

2024

as restated

£

£

Amounts falling due within one year:

Trade debtors

4,948

11,765

Other debtors

5,716

3,643

10,664

15,408

Amounts falling due after more than one year:

Other debtors

142,110

131,859

Aggregate amounts

152,774

147,267

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Hire purchase contracts

16,372

53,704

Trade creditors

34,885

27,027

Taxation and social security

65,144

90,716

Other creditors

19,072

22,092

135,473

193,539

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as restated

£

£

Hire purchase contracts

-

16,414

Other creditors

116,000

116,000

116,000

132,414

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

as restated

£

£

Hire purchase contracts

16,372

70,118

Hire purchase liabilities are secured against the assets to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

as restated

£

£

100

Ordinary

£1

100

100

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

as restated

£

£

S P Savva-Titley and Mrs V Savva-Titley

Balance outstanding at start of year

131,858

136,457

Amounts advanced

154,432

141,082

Amounts repaid

(144,180

)

(145,681

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

142,110

131,858

The loan is unsecured and repayable on demand, with interest provided at the H M Revenue & Customs official rate.

12.	RELATED PARTY DISCLOSURES

Included in other creditors due after one year is a family loan of £116,000 (2024: £116,000). The loan is charged interest at a market rate. There is no repayment date agreed on this loan and it is unsecured.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Colour Calendars Ltd for the year ended 31 December 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Colour Calendars Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Colour Calendars Ltd and state those matters that we have agreed to state to the Board of Directors of Colour Calendars Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Colour Calendars Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Colour Calendars Ltd. You consider that Colour Calendars Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Colour Calendars Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Duncan & Toplis Limited

18 Northgate

Sleaford

Lincolnshire

NG34 7BJ

Date: .............................................