Plascolour Limited

(Registration number: 01557173)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	-	51,029
Investments	5	97,148	97,148
		97,148	148,177
Current assets
Stocks		-	87,764
Debtors	6	1,054	238,853
Cash at bank and in hand		-	8,355
		1,054	334,972
Creditors: Amounts falling due within one year	7	(36,655)	(247,977)
Net current (liabilities)/assets		(35,601)	86,995
Total assets less current liabilities		61,547	235,172
Provisions for liabilities		-	(12,757)
Net assets		61,547	222,415
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		60,547	221,415
Shareholders' funds		61,547	222,415

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 May 2026 and signed on its behalf by:
 

......................................... S J Burton Director

Plascolour Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1	General information

Plascolour Limited is a private company, limited by shares, registered in England and Wales.

The address of its registered office is:
Victoria House
26 Queen Victoria Street
Reading
Berkshire
RG1 1TG

These financial statements were authorised for issue by the Board on 28 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland, including the provisions of Section 1A "Small Entities" and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Revenue recognition

Revenue (described as turnover) is the value of goods sold during the year, excluding VAT.

Revenue is recognised on the sale of goods when the goods are delivered and title passed.

Tax

Taxation for the year comprises current and deferred tax. 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 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.

Plascolour Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

2	Accounting policies (continued)

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% on reducing balance and 10% on cost
Fixtures and fittings	25% on reducing balance and Straight line between 3 and 4 years

Investments

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 9).

Plascolour Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Total £
Cost or valuation
At 1 June 2024	128,614	464,810	593,424
Disposals	(128,614)	(464,810)	(593,424)
At 31 May 2025	-	-	-
Depreciation
At 1 June 2024	123,021	419,374	542,395
Eliminated on disposal	(123,021)	(419,374)	(542,395)
At 31 May 2025	-	-	-
Carrying amount
At 31 May 2025	-	-	-
At 31 May 2024	5,593	45,436	51,029

5	Investments

	2025 £	2024 £
Investments in subsidiaries	97,148	97,148